With the increasing number of online stock brokers on the market, it is getting more and more difficult to choose one that works best for you. In this review, we will try to identify the three best brokers in 2020. Of course, we do realize that we are living through volatile times when we have to deal with unprecedented changes affecting all investors. The mission of the given review is to help people make the most professional decisions about how, when and where to invest. Here are the top three brokers you should be aware of:
DEGIRO as the fastest broker for stock trading: DEGIRO has gained the good reputation due to its low stock charges, global stock exchange coverage, and the high quality of the service it offers. DEGIRO is a good option if you want a simple resource and don’t want to have huge expenses. In fact, this broker is far cheaper compared to other European competitors. DEGIRO has a simple and fast registration procedure. At the same time, low prices tend to come with some shortfalls. Due to the limitations of education and research mechanisms, there is no forex trading. In other words, you can only deposit and withdraw money via a bank transaction. Also, there is a waiting list for new users. Generally, DEGIRO is a decent online broker to try your chances with. With no minimum deposit required, you should be motivated to go ahead and give it a try.
Exness as the easiest broker for stock trading: When it comes to stock trading, Exness has an outstanding performance. They offer a simple mechanism of stock trading in terms of withdrawal fees, great charting tools, and a wide range of currency pair selection. By combining low cost, great market access and easy user design, Exness charges just 0.08% commission on trades, which is almost half the cost of what most of its competitors charge. It also offers a clear advantage due to its access to the international market. At https://tradersunion.com/brokers/forex/view/exness/, you can find more information about this broker.
XM Group as the most affordable broker for stock trading: XM Group provides great value stock trading. The most significant aspect here is therefore an affordable charge. In fact, it charges the lowest commission per lot for buying and selling the currency pairs. At the same time, it doesn’t charge any withdrawal fee. Being regulated by a top-tier regulator, XM Group functions as a set of complex instruments. Also, it comes with a high risk of losing money rapidly due to leverage. To get more information about the given broker, visit the following link https://tradersunion.com/brokers/forex/view/xm_group/.
Choosing the Best Online Broker
When it is time to pick up a stock broker, you should be careful with the final choice. There are many risks hiding behind this form of cooperation. When you are choosing an online stock broker, you should pay attention to immediate needs as an investor. If you are a beginner on the stock trading market, you most likely need a broker that has great educational material about the stock market. Do you have just a small amount of money you can put aside for the investment? Some online brokers accept small deposits that can be a great solution for those who have limited financial resources. If you are always on the go, you may need a robust mobile platform. Some online brokers have incredible mobile applications that aim to deliver almost all the features that their desktop counterparts do.
Another significant thing to consider in your final choice is the distinction between investing and trading. When people think of investing, they usually mean the purchasing of assets to be kept within the long-term perspectives. These types of investments are made to reach a retirement plan or to put your money into assets that may get increased faster. At the same time, stock trading most commonly consists of buying and selling of assets within short-term perspectives. Trading is mainly considered riskier than investing.
Considering the top three stock brokers in the year 2020, it can be stated that their market leading positions are determined by financial and operational factors. Thus, when you are about to choose a stock broker for long- or short-term use, you should pay attention to all these factors. Are you interested in trading or investing? Do you want a smart mobile application to check your portfolio wherever you feel like it? What kinds of assets are you going to invest in? To find the answer to these questions, you can check the websites of the leading stock brokers or conduct some online research to find even more useful information. When you are ready with the final decision, you should take action by opening a brokerage account. It won’t take much of your time. But you will definitely enjoy the process for a while.