How to Buy Shares In June 2021 – 5 Best Stock Brokers

If you are a new investor, you will be hard-pressed to know the best stock broker as there are many of them in the market.

Each brokerage firm is unique, and with most of them offering zero-commission trades, it all boils down to the overall trading experience for the user.

In this how-to buy shares guideline, we will highlight five of the best stock brokers based on user-friendliness, educational resources, and access to quality market research.

Best Stock Broker: eToro, the World’s #1 trading platform!

1. eToro – Best Social Trading Platform

Starting off our best stock broker list is the popular online brokerage firm eToro. Founded in 2006, eToro has endeared users to its line of services rooted in its zero-commission trades.

In addition to this, the eToro offers a user-friendly functionality called CopyTrade, ideal for beginners.

This enables new traders to copy the trading moves of more experienced traders they follow. This way, they get to keep a large chunk of their investment while still making a profit by the side.

eToro offers exposure to contracts for difference (CFDs) alongside popular indices, commodities, stocks, bonds, exchange-traded funds (ETFs), FX currency pairs, and cryptocurrencies. It’s home to 20 million active users who trade over 3,000 internationally recognized markets.

eToro is a regulated broker and has licenses from top regulatory bodies like the UK’s FCA, ASIC, FinCEN, and CySEC, making it a safe place for storing their personal details and funds.

Meanwhile, if you are searching for a broker that will help you diversify your funds, eToro is the one you need to work with.

With its in-house managed basket of investments, eToro’s CopyPortfolio allows users to invest across a wide variety of industries and regions, all from the convenience of their homes.

eToro does not charge users deposit fees or monthly account fees, making it one of the best stock brokers to buy stocks from. If you want to fund your account, eToro makes it super-easy as the broker supports credit/debit cards, bank wire transfer, PayPal, Skrill, Neteller, Sofort, Klarna, and Trustly.

67% of all retail investor accounts lose money when trading CFDs with this provider.

2. Capital.com

Our second pick for the best stock broker is the global CFD broker Capital.com.

Capital.com is a regulated broker with licenses from the FCA in the UK and CySEC.

Capital.com has over 2 million active users, with offices in the UK, Cyprus, and Belarus in user engagement.

Unlike most traditional brokers, Capital.com uses a segregated financial system where clients’ funds are separated from the company’s funds to protect users’ funds from potential loss.

Also, the funds of UK traders are protected up to £85,000 under the Financial Services Compensation Scheme (FSCS).

Capital.com offers exposure to over 3,000 international markets, and users can leverage different financial instruments like popular indices, commodities, shares, FX currency pairs, and cryptocurrencies.

It has $18 billion in yearly transaction volume, and users can get started by making a minimum deposit of just $20 – this amount applies to the British Pounds and Euros.

Capital.com also attracts institutional clients through its Prime Capital Division, meaning it has a deep liquidity pool. Unlike most brokerage firms, Capital.com does not use the popular Meta Trader 4 (MT4) but enables users to trade on its proprietary web platform.

New traders have access to educational resources through its Investmate platform. Capital.com operates a transparent fee structure where users can trade with 0% commission. This means a trader only has to pay the amount needed for the underlying asset he/she wants to buy.

However, Capital.com charges swap rates for leveraged overnight positions. Meanwhile, users can make deposits free of charge through their debit/credit card, bank transfer, e-Wallet providers like Trustly, Sofort, ApplePay.

67% of all retail investor accounts lose money when trading CFDs with this provider.

3. Libertex

Third, on our best stock broker list is Libertex. It has a global presence in over 120 countries and 2.9 million active users.

Much like the previous two best stockbrokers, Libertex is an online trading platform that offers investors exposure to over 250 tradable assets. These include FX currency pairs, commodities, as well as for cryptocurrencies. Libertex also provides a select group of US stocks and exchange-traded funds (ETFs) and 19 global indices.

Libertex uses a flat commission rate instead of a variable spread system that most traditional brokers use in terms of fee structure.

Libertex requires a minimum deposit of €100 before you can open a position.

Users are treated to a professional trading platform with the Libertex proprietary platform and the popular MetaTrader 4 (MT4).

Users can access both platforms on their mobile and the web. Libertex’s proprietary platform enables users to trade financial instruments with ease as there is a comprehensive suite of charting tools that allow traders to carry out technical analyses.

In contrast, the MT4 platform caters to FX trading. However, users can unlock a more advanced set of features and indicators.
Libertex is regulated by top regulator CySEC and users can fund their account through credit/debit cards and bank wire transfer.

4. AvaTrade

AvaTrade is a global forex and CFD brokerage firm and allows its users to trade different FX currency pairs, commodities, CFDs, indices, and cryptocurrencies.

AvaTrade offers maximum leverage of 1:400, and users can get started with as little as $100.

AvaTrade is heavily regulated by the Abu Dhabi Financial Services Regulatory Authority (FSRA). It is also licensed in the Republic of Ireland, Australia, and Japan.

Users can fund their accounts easily with their credit card and bank wire transfer.

Looking at its fee structure, AvaTrade facilitates commission-free trades.

However, AvaTrade charges a daily swap rate of -0.0058% for long and short positions on stock indices. Users also pay inactivity fees.

For deposits and withdrawals, users get to perform these actions free of charge on the AvaTrade platform.

5. Fineco Bank

Although not a traditional broker, Fineco Bank is one of the best stock brokers out there. Its proprietary trading platform offers users access to CFDs, FX pairs, options, commodities, and futures at affordable rates.

Fineco is headquartered in Italy and regulated by the UK’s FCA.

However, if you are looking to trade digital assets, Fineco is not what you should look out for. It offers retail and professional clients leverage up to 1:30, and users enjoy commission-free trades.

And unlike most brokerage firms, Fineco offers share dealing services that enable users to buy and own stocks, making them ineligible to receive dividends.

Best Stock Broker: eToro, the World’s #1 trading platform!