Best Stock Trading Platforms 2020

Here you will find our best stock trading platforms in 2020, based on thousands of hours of extensive research, testing and analysis across hundreds of stock trading platforms. Upon conclusion of each of our stock broker reviews, the trading brokers team has assigned each stock trading platform with a rating, and displayed our best stock trading platforms on this page.

Some of the most important factors that contribute towards a good stock trading platform have been considered including the features, stocks available to trade, tools, fees, speeds, ease of use, tutorials, customer service and more.

Having the best stock trading platforms based on our findings listed in one place can help online traders save time when looking for the best stock trading platforms according to their individual online stock trading needs.

Min $250 Deposit

IG offer traders around the globe over 16,000+ markets including Forex & CFDs. They have a good selection of trading platforms, tools & educational resources. Spreads are tight, commission is low & execution speeds are fast. IG are also regulated in many countries including FCA, ASIC & NFA regulation.

Terms & conditions apply
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Top 3 Stock Trading Platforms 2020

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ASIC, FCA, DFSA, SCB

Min $200 Deposit

2010

1:500

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2.

ASIC, CySEC, IFSC

Min $5 Deposit

2009

1:880

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3.

ASIC, BVI, CBI, FFAJ, FSA, FSCA

Min $100 Deposit

2006

1:400

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Each of our chosen best stock trading platforms have undergone and passed our stringent stock broker reviews with flying colours, based on what the trading brokers team consider to be amongst the most important considerations. These online stock trading platforms are under strict regulation from some of the most respectable regulatory authorities and are well-established within the online stock brokerage industry, providing top stock trading platforms to online stock traders across the globe.

1. Pepperstone

Pepperstone is one of our best stock trading platforms. They are one of the most popular online brokers for many reasons. The Pepperstone Razor account offers some of the best trading conditions available to retail traders with superior trade execution speeds, tight spreads and competitively low commission fees.

Pepperstone offer over 80+ trading instruments across global markets including forex, CFDs and cryptocurrencies. These assets are available to trade via flexible, powerful and user-friendly online trading platforms for desktop and mobile devices.

Best Online Brokers: Pepperstone Review

Best Online Brokers: Pepperstone Review

Pepperstone are authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and the Australian Securities and Investment Commission (ASIC). This strict regulation can give traders protection and peace of mind that they are using a safe and secure online broker.

Pepperstone have also won multiple online broker awards over the years, including awards for customer service, client satisfaction, value for money and more. You can read our full Pepperstone Review to find out more as to why we have chosen them amongst our best stock trading platforms.

Pepperstone Pros/Cons
Pros Cons
Fast trade execution speeds No US clients
Tight spreads No fixed spread accounts
Low trading fees $200 minimum deposit
Multiple trading instruments
Strict regulation
Award winning broker

Pepperstone is one of the largest trading brokers providing traders worldwide access to trade across all markets with cutting edge technology, low cost spreads, low-latency high speed execution and award-winning customer service.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2. XM Group

XM Group are one of our best stock platforms for trading stocks online with low spreads, low fees and a no re-quote policy which ensures some of the best trade execution speeds possible. They offer over 700+ stock CFDs for trading short or long and more than 1,000+ trading instruments overall. In addition to stocks they also offer markets including forex, commodities, metals, energies, cryptocurrencies and more.

XM Group are considered a trusted global stocbrokerage as they are regulated by some of the top regulatory authorities in multiple jurisdictions. They have been recognised as one of the best stock trading platforms having won multiple awards for their online brokerage services including for offering the best trading platforms which can be used on desktop, web and mobile devices (iOS/Android).

Best Stock Trading Platforms: XM Group Review

Best Stock Trading Platforms: XM Group Review

XM Group clients have access to an extensive range of research and educational resources including seminars, webinars, trading tools and in-depth market research. This can help you to improve your trading knowledge and skills. There are also daily live trading sessions from Monday to Friday where you can learn from professional traders.

For the above reasons amongst many others which you can see within our detailed XM Group Review, we consider them to be one of the best stock platforms available to traders across the globe today.

XM Group Pros/Cons
Pros Cons
700+ stock CFDs No US clients
Trade stocks short or long No fixed spread accounts
Award winning trading platforms
Tight spreads, low fees & no-requotes policy
Min $5 deposit
Strict regulation

XM Group is a multi-award winning globally established and regulated trading broker with over 2.5m clients from 196 countries offering no-requotes, low spreads, fast execution and negative balance protection.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

3. AvaTrade

AvaTrade make it into our best stock trading platforms list, offering online stock trading on over 75+ stock CFDS with ultra-low spreads and a range of powerful yet easy to use trading platforms that are compatible across desktop, web and mobile devices (iOS/Android). You can trade long or short on popular global stocks such as Adidas, Amazon, Apple, Facebook, Google, Tesla, Walt Disney and many more.

They don’t just offer individual stock trading either, there is a large variety of additional CFD trading instruments including forex, commodities, indices, ETFs, bonds and cryptos such as Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin, Ripple, Neo, EOS and IOTA.

AvaTrade also offer online traders a selection of educational materials and daily updates to help expand their understanding of various financial markets and to improve their online trading skills. They have won multiple brokerage awards, including for their best in class customer service team which provides multilingual live support along with a dedicated account manager.

Best Stock Trading Platforms: AvaTrade Review

Best Stock Trading Platforms: AvaTrade Review

With AvaTrade you can also trade with confidence knowing that they are regulated in an impressive 6 jurisdictions. Strict regulation means that the online broker must abide by rules and guidelines put in place to protect investors. This can help to give stock traders peace of mind that they are trading online with a trusted stock broker.

As an established online brokerage and huge global brand, we are proud to include AvaTrade in our list of best stock trading platforms. To find out more about this broker and why we consider them one of our best stock platforms, you can read our detailed AvaTrade Review.

AvaTrade Pros/Cons
Pros Cons
75+ stock CFDS for trading long or short No US clients
Other asset classes offered No variable spread accounts
Ultra-low spreads
User friendly trading platforms
Excellent customer service
Strict regulation

AvaTrade is an award-winning trading broker with regulation in 6 jurisdictions offering 250+ trading instruments across multiple markets and trading platforms.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How did Trading Brokers choose our best stock trading platforms?

Following on from our best stock trading platforms, we will now look at what stock trading platforms are used for and some of the most important factors to consider when looking for a reliable stock trading platform.

What is an online stock trading platform?

An online stock trading platform allows traders to access different global markets for speculating on the price movements of various trading instruments. This can include Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, ETFs and CFDs.

Best Stock Trading Platforms: Desktop, Web & Mobile Platforms

Best Stock Trading Platforms: Desktop, Web & Mobile Platforms

In the past, investors and traders would have had to go through an offline stock broker which meant that the markets were less accessible than they are today. As technology has improved over the years, there are now many stock brokerages to choose from. Anyone aspiring to be a successful trader can open a stock trading account with an online broker and gain access to the brokers stock trading platforms for online stock trading from anywhere in the world with an internet connection. Most brokers provide these stock platforms free of charge and for use on desktop and mobile devices.

Best Stock Trading Platforms: MetaTrader

Best Stock Trading Platforms: MetaTrader

Through a stock trading platform you can view real time bid/ask prices of various assets and load charts that show the historical and current prices of chosen assets over multiple timeframes ranging from tick to yearly charts. You can add technical indicators to these charts to help identify potential trending and ranging market conditions. These indicators can provide stock trading signals and are often used as part of an overall stock trading strategy that involves technical, fundamental, sentiment and price action analysis. When you find a suitable trading opportunity, you can execute, manage and close your buy or sell position directly through the stock platform.

What makes a good online stock trading platform?

Stock trading platform regulation

When you choose an online stock trading platform it is very important to ensure that the stock brokerage providing the platform is regulated by a respected government authority. The most respected regulatory authorities to look for include the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom.

Investors have more protection when using a regulated broker as they have to conduct business according to strict rules and regulations put in place to protect investors. If a broker claims to be regulated, you can verify this by checking the broker’s license number with the relevant authorities to ensure the regulation is legitimate and up to date.

Stock trading platform instruments

Each stock broker will offer a range of different markets and trading instruments to trade via their online stock trading platforms. If you wish to trade a particular asset class such as forex, stocks, cryptos, etc, you should check whether the broker offers that market through its platforms. It may also be wise to consider if you plan to diversify your investment portfolio in the future. If so, the more trading products and markets offered by the broker, the easier it could be to expand your portfolio when the time is right.

If you would like to trade particular stocks then you should check that the broker has these amongst its selection of stock trading instruments. Some brokers will only offer US stocks or UK stocks. Other brokers will offer a choice of global stocks.

Stock trading platform tools

All stock platforms come with a range of free built in trading tools to assist with your online trading, helping to improve overall efficiency and performance. These can include technical indicators for analysing charts such as a moving average, MACD, Bollinger Bands, RSI, CCI and many more. Some platforms offer fundamental analysis tools such as built in economic calendars to efficiently keep track of the latest market news releases. They may also have trading calculators to help with planning your trades. The more advanced stock platforms will have depth of market (DOM) with level 2 pricing and sentiment tools that show how many traders are buying/selling a particular instrument.

If you require a specific set of trading tools or would like access to as many as possible, you should check what trading platforms the broker offers along with the trading tools included. Some trading tools are stand alone and thus will not be incorporated into the platforms but can still be very useful.

Stock trading platform fees

Most stock brokers will provide traders with free online stock platforms although there are some who charge monthly and volume-based fees, usually for specialised trading platforms that have specific features a professional investor may need. That being said, the free stock trading platforms will most likely be sufficient enough for the average retail trader.

Stock trading platform commissions

In addition to potential fees for gaining access to the brokers stock trading platforms, you should consider other online trading costs. Most online brokerages will charge a commission for placing trades in addition to the spread and overnight swap fee. These costs can vary significantly from broker to broker so it is important to consider the overall costs you will incur and the affect that will have on your money management.

Stock trading platform spreads

The spread is the difference between the buy and sell (bid/ask) price which can vary depending on the volume of liquidity and quality of liquidity providers that an online broker has. Some brokers offer fixed and variable spread accounts, some will offer commission free accounts but instead mark up the spread to make up for this. In general, the more liquidity that the broker has, the tighter the spreads can be. It is important to account for the spread when planning your stock trading strategy, especially if you are planning on using scalping strategy.

Stock trading platform swaps

If you hold a position with your online broker overnight then you will probably need to pay a swap fee. This is an interest fee for the procedure of moving open positions from one day to another, also known as the rollover. This is another cost to factor in to your money management planning. Some brokers offer swap free Islamic trading accounts that conform with Sharia law which allows Muslims to engage in online trading through their platforms.

Other stock trading platform fees

Along with trading platform, spread, commission and swap fees, most stock brokers will charge additional fees that should be checked and clearly understood. Other fees that are worth considering include withdrawal and inactivity fees.

Stock trading platform usability

If you are already familiar with a specific stock trading platform then it could be a good idea to choose an online broker that offers that platform. However, if you have yet to use a trading platform then it may be a good idea to start with a broker that offers a user-friendly stock platform which has plenty of tutorials available to help you learn how to trade stocks online. The MetaTrader 4 (MT4) platform is often considered as one of the most intuitive and easy to use trading platforms which makes it a popular choice amongst new traders.

Stock trading platform leverage

Nearly all online brokers offer leveraged stock trading via their platforms. Leverage basically means that you can open a position larger than you could without it. If for example you had leverage of 1:50 and a trading account balance of $1,000, you could effectively open a position size of $50,000 (1,000 x 50 = 50,000). Although leverage can increase profit potential, it also increases trading risk and thus, can lead to large losses. It is imperative that you have a thorough understanding of leverage and the significant risks involved before you start trading online. Check the broker offers a leverage that you require via your preferred trading platform.

Stock trading platform education

Some stock brokers also provide traders with educational resources such as videos and trading guides to help them improve their trading knowledge and skills. They may include detailed tutorials on how to use trading platforms which could be helpful for those who are new to online stock trading and need help to familiarise themselves with the different stock platforms available to them.

Stock trading platform minimum requirements

You will need to make sure that the stock trading platform will run on your computer, VPS or mobile device by checking the specification requirements. Each online brokers stock trading platform will have a minimum deposit requirement which is worth considering.

Stock trading platform funding

Each stock broker will offer different options for making deposits and withdrawals to and from the trading platform. Most brokers accept bank wire transfers and credit/debit cards but some traders prefer online payment processors such as Skrill, PayPal, Neteller, etc. Ensure that the trading platform supports your preferred method of funding your stock trading account.

Stock trading platform customer service

If you have an issue with your stock trading platform that you need help with, it is important that the broker has a prompt and efficient customer service team. Online chat is often the quickest way to speak with someone whilst other options include telephone and email. The more hours the brokerage support team is available, the better. Some run 24/5 whilst others are available 24/7. You should also consider the brokers office locations as they may be in a different time zone to you which could affect the response time. Check that the broker has a method of contacting support that is most convenient for you and available in your language.

How to start trading stocks online?

Now that you have had a brief overview of what stock trading platforms are and what to look for, you may be considering opening a trading account with an online broker to gain access to their stock platforms. This can be a quick and easy process that requires completing an online registration form. Simply choose an stock broker, follow the account opening process and you will be able to start trading stocks online through one of their stock trading platforms. You may refer to our guides on how to choose a stock broker and how to open a stock trading account if you would like to learn more.

Need help choosing from the best stock trading platforms in 2020?

If you are still unsure which is the best stock trading platform for you then you can use our free online broker comparison tool to quickly compare stock brokers based on trading platforms, trading instruments, minimum deposit, regulations, leverage, funding options and more. You can also read our broker reviews and choose from our best brokers that we have conveniently categorised into the best online brokers, best forex brokers, best stock brokers, best CFD brokers, best crypto brokers, best trading platforms, best social trading platforms and best trading apps. If you would like to look for the best trading brokers in a particular country, we have pages dedicated to our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa and best brokers Canada.