Online stock trading offers incredible convenience to the modern-day trader. This is because a trader can buy or even sell at the comfort of their own home or in the office. One is able to access a variety of securities online at a go, to then determine the ones he will be investing in. For a trader to enjoy this convenience, you need a stock trading software. There are many stock trading software programs on the internet today. Here are the best of these that you can consider for excellent trading:
1. TD Ameritade
This is a great trading software to use as it has the best trading tools when compared to all the others in use today. What you get in this platform are over 300 technical indicators, which is so much more than what its competitor offers. These indicators are great to an investor as they help one to spot the trends for better decision making. For investors who have long-term goals to achieve, this software provides forecasting tools to help you access the long-term chances of the positions you are taking.
This is one of the best stock trading software available online. It has tons of benefits for investors as it is a very easy to use platform. It also costs less and offers a wide range of educational tools to ensure investors understand better what they can do in order to trade successfully. A single trade in OptionsHouse will cost from as low as $4.95 for options, stocks and ETFs. It is a great software for all kinds of traders, beginners as well as experienced traders. The platform is also very simple; therefore, if you are new, it will be a great way to get started.
3. Ally Invest
This stock trading software is great as it features a low-cost commissions structure, which is designed to suit all kinds of investors. The platform has influenced a lot of brokers this year to drop down their commissions but they have still not managed to get down to its level. It therefore remains the most affordable stock trading software, which will give you a zero account minimum requirement as well as an enticing discount for all the active investors. Its equity trades are charged at $3.95 for those traders with over 30 trades each quarter.
This is a good stock trading software particularly as it is low cost in nature. Since the fees are the main considerations investors make when they are looking for a trading software, this will be a great option. In this platform, the basic stock trades will cost from as low as $4.95. There are lots of commissions to enjoy if you are trading in ETFs. Those trading in Options will only pay the $4.95 cost per trade and $0.65 per contract. For this though, you will be required to pay an initial investment of $2, 500 on the minimum, which can be higher when compared to what other platforms ask for.
This is the best stock trading software for beginners. It has the easiest learning curve in the entire industry, with enough room for growth. Its learning center has plenty of videos, webinars and articles, which are meant to guide beginners through the basics before they start getting serious. The platform also provides news; reports and commentaries from their expert market analysts, all of which help the investors stay up to date on the investing news. An online chat tool, that is accessible round the clock plus a hotline are there to ensure that you get the kind of help you need at any time of day or night.