An online market trading platform is provided by Internet-based brokers made available to every individual who wishes to try to make money from the online trading market. Online trading has given those who have a computer or a smartphone enough money to open an account and a reasonably good financial history the ability to invest in the online market.
You do not have to have a personal broker or a disposable fortune to do it, and most analysts agree that average people trading online is no longer a sign of impending doom.
The online trading market has become more accessible, but that does not mean you should take online trading lightly. Investing in the online market can be lucrative if you learn to do it properly and safely.
The trading platform will be looking at the 2 biggest online trading platforms; eToro and Plus500 because the 2 offer free practice accounts for their customers.
The most preferable is eToro with over 8 million users worldwide and has been featured in a BBC 2 documentary “Traders: Millions by the Minute” and recently began sponsoring several Premier League football clubs.
Now let’s Talk about the Top 2 Online Market Trading Platforms
One major advantage of trading with eToro over the Plus500 is the CopyTrader feature which allows traders literally to see, follow and copy the investments of other top performing traders.
This online market trading platform wants its clients to make smart investment decisions, the platform offers a wide range of responsible trading features. eToro is fully regulated, adhering to the strict guidelines of CySEC, FCA and ASIC.
Beginner traders will receive guidance when making their first steps in online trading, and experienced traders will enjoy risk-management features to help them trade smartly and responsibly. eToro offers a variety of trading tools and courses, to give you everything you need to become an educated trader or long-term investor.
One of the trading platform goals is to promote financial literacy: The courses they offer a smooth entry point into the world of online trading, and a free practice account enables you to trade online without risking any real money.
Every trader who signs up with eToro receives a virtual-money account, credited with $100,000, so they can practice their strategies and hone their skills before trading with real money. They have also partnered with major financial institutions, such as Russia’s Sberbank and China’s Ping An Group, to promote online trading and financial education in these markets.
eToro’s CopyTrader feature is a brilliant way to automate some of your trading habits. By allocating some of your funds to copy the trading actions of experienced traders, you can benefit from their experience, and even expand your knowledge.
The CopyTrader feature and Popular Investor program are so effective, They’ve moulded them into a new financial instrument called CopyPortfolios. These investment products use a sophisticated algorithm to aggregate the collective knowledge of the most successful traders into one fully managed portfolio you can invest in.
This is an online market trading platform that allows online traders to trade shares from all popular markets such as USA, UK, Germany and more, with leverage and low spreads.
Using advanced trading tools, you can also control your profits and losses. Plus500’s consistent focus on innovation, best-in-class user experience and breadth of the offering are the key elements of increasing activity of Active Customers on the Trading Platform.
Plus500’s continued emphasis on innovation will enable it to continue to be amongst the first to market in launching new instruments which customers find desirable, such as high profile, newly listed equities.
The online market trading platform intends to increase its market share in the jurisdictions in which its offering is currently available and expand its geographic reach over time through entry into new jurisdictions in which it does not currently have customers and by focusing on acquiring New Customers from regulated markets, particularly those New Customers residing in Western European countries.
The Plus500 trading platform is offered by Plus500UK Ltd, a UK based company with its main offices located in the city of London. The company is authorised and regulated by the Financial Conduct Authority (FCA) to offer Contracts For Difference (CFD).
The company is a rapidly growing CFD provider in Europe and Asia and currently offers its portfolio of over 1000 instruments to over a million clients. When you open an account, Plus500UK Ltd will hold your funds on a segregated basis, in accordance with the Financial Conduct Authority’s client money rules.