Startup or long-time traders should be frequent visitors to these platforms. Quite knowingly, when we want to be successful in business, we should be on a guided platform that we believe best gears us towards the direction we’ve been aiming for. Here’s a list of the best platforms you can consider especially in trading:
- CMC Markets has always held the spotlight and holds the Canstar’s Broker of the Year rating in the past eight straight years, as mentioned in the StockBrokers.com. It was also stated that they offer Australian traders an extreme array of offerings with stellar records, filled with creative trading contrivances and charting and its “Next Generation” trading platform enhanced and developed by way of its offices operating in vital financial hubs.
They are also known to provide the best overall experience in the trading industry without sacrificing cost, and an existing trading platform enveloped with ground- breaking contrivances that will put your worries to rest and to top it all, a wide range of choices await. Certainly, they are the best trading platform in all of Australia.
- CommSec has grown into one of the substantial, credible and the best online brokers in all of Australia, and throughout the entire world, it has worked preeminently in the provision of trading accessed to over 25 trade-offs. Even when trading fees come considerably at a price, CommSec showcases the availability of quality trading tools and dependable market research of value to traders.
- While it is an international trading leader in the trading platform, Interactive Brokers also offers low-cost commissions hungered by professional long-time traders, nevertheless, it does not appear to be cut for casual investors all because of its intricate, well thought-of platform. Although it may be a recommendable platform, new and recurring investors need to be wary of the miscellaneous fees and base fees that Interactive Brokers charges them by.
More importantly, the deal-breaker is that professionals are winning as they’re able to profit from industry-leading commissions, and it highlights the lowest parameter across all balanced echelon. As far as Day, Mobile, Options, Futures, and Professional Trading would go, it’s safe to claim that the Interactive Brokers platform remains to be a topnotch.
When talking about research, we should be considering taking Westpac as our primary option as well as it is the best in this platform. Price-wise, it appears to be a costly alternative, but the broker lays out 30 international trade-offs which is considerably quite a deal, it also showcases the following:
- Stock recommendations
- Stock screener
- Charting features
- Free reports
- More options for a more premium research experience by Morningstar.
The price is just a fraction compared to the ease and comfort this platform offers in research.
There’s quite a lot more, but just one bit of a catch, Apple App Store and Android Play Store significantly exhibit appalling ratings for Nabtrade’s mobile app.
Here’s more:
We can also consider Bell Direct when we are looking to trade domestic stocks alone as it is indeed one of the best stock trading apps to date. Given that it is widely renowned for offering standard pricing when the platform has been generous enough to include the research tools comprising the consensus research from 20 other brokers. Others include useful daily trading inputs and unbounded conditional orders.
ANZ uses the popular CMC Markets Platform, which is why traders can get an approach to the following tools:
- Trading guides to assist first-time traders and trading platforms that showcase live news updates
- Advanced charting
- Stock filter tool which is offered in the CMC Markets Platform.
This, although it runs off the CMC Markets Platform, is not known to many, but it comes close enough like using the more popular platform, and with good ratings, too!
Lastly, Amscot is one of the most sought-after platforms that provide traders with substandard commissions with the use of the established IRRESTrader platform that requires a paid subscription. In this way, traders will also have entry ports to good quality research outputs, capital raising, and advanced portfolio reporting with the use of third-party sources. It may be rated quite poorly as compared to other platforms, but when it comes to what it showcases even with a required paid subscription, this is already a guaranteed steal.
So, there you go. Feel free to browse through and dive into what these platforms offer.
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