The Short List of the Best Stock Brokers in 2020
Finding an online stock broker is one of the most crucial decisions you will make as an investor. By checking the list of the best online brokers available today, you will be able to gain an objective opinion about each one. To see the list of the top three brokers in 2020, see the information below:
FX Open focused on international markets
FX Open is a Forex and Cryptocurrency Broker established in 2005 by a union of professional traders. Over the last decade, the company has managed to achieve immense success in the stock market. Today, the company is operating across the globe by cooperating with the entities registered locally in London, Perth and in Saint Kitts and Nevis. The broker is administered in all jurisdictions it operates from, including the Financial Conduct Authority (FCA) in the UK and Australian Securities and Investments Commission (ASIC). With over one million customers, the broker keeps offering ECV liquidity for limited spreads and fast execution with low commissions across numerous mechanisms and markets.
At https://tradersunion.com/brokers/forex/view/fxopen/, you can find the information that FX Open provides professional trading services to retail and institutional investors. Those services involve trading accounts, trading platforms, PAMM accounts, analytical methods, and proficient customer service. Here is the list of the major pros offered by FX Open:
- Strict regulation policies;
- Availability of electronic communication network;
- Availability of one click trading and level2 plugin;
- Tight spreads and affordable charges;
- Free VPS.
FX Pro covering the most sophisticated trading areas
FX Pro was founded in 2006 when the stock trading was in the process of its intensive growth. Since that time, FX Pro has processed over 370 million orders. With retail and institutional customers in more than 170 countries across the world, the FX Pro brand has regulatory licenses in the United Kingdom (UK). The excellent reputation of FX Pro has been determined by its MetaTrader offering, which involves MT4 and MT5 for both desktop and browser. The disadvantages of FX Pro are two-fold. First, FxPro offers very limited market research. Second, FX Pro offers a quite narrow collection of tradeable products.
FX Pro is represented by almost 250 assets covering four sophisticated trading areas: cTrader, Metatrader, MetaTrader, and the Edge platform. Also, there is a variety of useful trading items, third-party market analysis, and educational tools for traders. At the same time, this stock brocker can hardly be listed as the most affordable one, considering its spreads and fees. As for the pros of https://tradersunion.com/brokers/forex/view/fxpro/, here are the major ones:
- Strict regulation policies in various jurisdictions;
- Numerous modern trading platforms for online, desktop, and mobile devices;
- Advanced trader mechanisms;
- VPS provided by Beeksfx;
- Professional analysis from Trading Central.
Ava Trade
AvaTrade is an international CFD and FX broker established in 2006. It is owned and administered by several financial authorities, including Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC). CFDs are considered to be quite complex mechanisms that come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. Ideally, you need to have a clear understanding of how CFDs works and what kind of expenses you can take in the worst-case scenario. Once you decide to start your stock trading with the given broker, you will like their seamless and hassle-free online registration. You can use a deposit and a few withdrawal options which will be free of charge. We also liked that you can benefit from many user-friendly mechanisms for research.
At https://tradersunion.com/brokers/forex/view/avatrade/, you can find the details about AvaTrade’s drawbacks. The product range is reduced to Forex, CFDs, and Cryptos, while there is a high extra charge for EURUSD trading and inactivity. Here are some pros of Ava Trade you should focus on:
- Simple and fast online registration;
- Free and numerous deposit and withdrawal methods;
- Great research mechanisms.
Closing Note
After checking the information about the top three stock brokers in 2020, you will be able to make the right choice. Considering the financial and functional nuances, you can analyze the potential expenses and obvious benefits you can expect from your cooperation with this or that stock broker.
Are you looking for trading or investing opportunities? Do you want to check your portfolio at any time of the day? What types of assets are you planning to invest? To give the accurate answers to the given questions, you need to be careful with online data research and analysis. When you are ready to make the final decision, you should register on the website and make a small investment. If you are smart or lucky enough, you will see the positive results very soon. The main point is to never give up.
