Being an online trader, it is necessary for you to know the best online brokers or trading tools to trade your stocks with. Some of the online stock trading tools or platforms are known mainly for their award winning customer support services, while others are known for their affordable stock trades and robust trading platforms. So, finding the best online trading tools for traders may seem to be challenging for some people and hence to help those people here is the brief guide on some of the popular online trading tools for carrying out your online trades.
Ally Invest is one of the renowned trading tools over the internet today that is designed for the traders who don’t need a lot of hand holding. It allows you to manage your accounts by your own or put your portfolio in hands of the robo advisors. Investors who want to manage their accounts individually and actively, then they may use the two different platforms offered – The Classic and Ally Invest Live. Classic is the simple platform that comprises of analysis tools and basic charting tools that help you find the stocks for investments. The Ally Invest Live Platform is very versatile indeed. You can customize the platform as per your need and add or remove modules from main page itself.
It is another great online stock trading tool that comes with some great functions and features. All long term traders would find this tool a lot more helpful because of its useful tools and features which make monitoring and tracking trades a breeze for them. The tiered pricing structure makes it stand apart from the competition. If you make over 30 trades in a quarter, you only pay small amount for the trade stocks, option and ETFs. But, if you have less than this you need to pay a commission for all those types of securities. This tool has multiple platforms and each geared for different types of stock traders. From basic tools to advanced tools, you will find them all to suit your specific needs.
If you are new to the stock exchange market and want to start as a novice trader, then Fidelity is the ultimate trading tool for you indeed. Besides being affordably priced, Fidelity has many amazing features and its trading service combines a variety of investment choices along with other advanced analytical research from about 20 providers. The best part of the stock trader tool is that it has very low pricing for stocks and if you don’t prefer to do your own stock picking, you can choose from over thousands of mutual funds that are rated by 93 commissions free exchange traded funds. This platform tends to enhance the platform with 2 new screeners and one enables you to customize the screen with 140 criteria for stocks and an ETF research tool as well as screener.
So, these were some of the popular and best online trading tools for traders of all types.
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