Best Trading Platform For Beginners 2024
Are you ready to start investing, but not sure where to begin? Find the right platform to invest in, and how to get started with your first broker account.
To date, I have opened accounts with 15-20 online brokers and have used all of them. I have chosen 5 out of the 15-20 online brokers that I found most useful for beginners.
Some of these brokers offer some good features for beginners such as fractional shares, practice accounts (known as paper trading)
Before you start investing, it is very important for you to know how all these investment platforms work and how to use them. If these investment platforms are not used correctly, you may suffer losses.
Below I've listed my picks for the best broker platforms for beginners in 2024.
Best Trading Platform For Beginners
- Groww
- TradigView
- Upstox
- Binance
- Quotex
- Angel One
Groww
Groww is a popular investment app in India that allows users to invest in various financial products such as mutual funds, stocks, exchange-traded funds (ETFs), fixed deposits, and even initial public offerings (IPOs). This platform is designed to simplify investing for beginners as well as provide advanced features for experienced investors.
Key Features:
- User-friendly app with a simple interface.
- Commission-free equity investments.
- Offers direct mutual funds (whose fees are lower than regular plans).
- This includes educational material for new investors.
TradigView
TradingView is a popular web-based platform designed for technical analysis and charting in financial markets. It offers an extensive range of tools for traders and investors, allowing them to analyze assets, create charts, and monitor the markets in real-time. Below is a comprehensive breakdown of what the TradingView app offers and how it works.
Key Features:
- Advanced charting tools for technical analysis of stocks, cryptocurrencies, commodities and forex
- Extensive library of custom indicators and strategies.
- Social community where users can share ideas and analysis.
- Provides real-time data for multiple global markets.
- There’s a free version available as well, with a paid option for more features.
Upstox
Upstox is a popular mobile trading platform in India, designed for investors and traders to buy and sell stocks, commodities, currencies, mutual funds, and other financial instruments. Upstox is a discount brokerage, offering a user-friendly interface with low brokerage charges. Here’s a detailed explanation of its key features and functionalities.
Key Features:
- Competitive brokerage fees (often lower than traditional brokers).
- Easy-to-use mobile app.
- Advanced trading tools, charts, and analysis.
- Provides access to mutual funds and IPOs.
- Provides margin trading.
Binance
Binance app is a mobile application offered by Binance, one of the world's largest cryptocurrency exchanges. It allows users to manage their crypto investments, trade cryptocurrencies, and access a range of financial services directly from their mobile devices. Here's a breakdown of its key features and functionalities.
Key Features:
- Supports hundreds of cryptocurrencies and trading pairs.
- Offers spot, futures and margin trading.
- Staking, savings, and lending options for users.
- Native token (BNB) which offers low trading fees.
- High liquidity and global user base.
- Advanced trading tools for technical analysis and charting.
Quotex
Quotex (QxBroker) is a digital options trading platform that allows users to trade on a variety of assets, including currencies, commodities, stocks, and cryptocurrencies. The platform is user-friendly, making it accessible for both beginners and experienced traders. It offers a web-based interface that can be accessed from any internet-enabled device, as well as mobile apps for Android and iOS, enabling users to trade on the go.
Key Features:
- Focuses on binary options, where users predict whether the price of an asset will rise or fall within a specified time frame.
- Simple interface for quick trading.
- Various assets to trade on.
- Users can earn high returns on correct predictions, but they also face a high level of risk.
- It is not as widely regulated as traditional financial platforms, making it risky for some users.
Angel One
Angel One (formerly known as Angel Broking) is a full-service stockbroking firm in India that offers a wide range of financial services, including online trading in stocks, commodities, and derivatives, as well as advisory services, investment options, and portfolio management. The Angel One App is a mobile trading platform that allows users to trade and manage their investments conveniently from their smartphones.
Key Features:
- Offers trading in stocks, commodities, derivatives and currencies.
- Offers a full range of services including consulting, research reports and portfolio management.
- Flat brokerage fees (especially for equity trading).
- A reliable platform for both beginners and experienced traders.
- Offers a mobile app with good user experience for both investing and trading.
Best Trading App in 2025
Free Trading Tips For Beginners
1. Start with a Trading Plan
- What to Include: Define your goals, risk tolerance, trading strategies and trade entry/exit rules.
- Why It Matters: Trading without a plan is like driving without a destination. Emotional decisions often lead to losses. A clear plan ensures that you stick to the strategy and make logical decisions.
- Do not risk more than 2% of your capital in each trade.
- Exit the trade if it reaches a specific stop-loss level or achieves the set profit target.
2. Learn the Basics of Risk Management
- Position Sizing: Decide how much capital to invest in each trade. Avoid investing too much money in a single trade to protect yourself from big losses.
- Stop-Loss Orders: Use these to automatically exit a losing trade at a predetermined price.
- Risk-to-Reward Ratio: Aim for a trade where the potential profit exceeds the potential loss (for example, a 1:3 ratio).
4. Educate Yourself Continuously
- Learn Technical and Fundamental Analysis:
- Technical Analysis: Focuses on chart patterns, price movements and indicators.
- Fundamental Analysis: Monitors economic data, news and company financials (for stocks).
- Stay Updated: Keep an eye on market news and global events that may impact prices.
Resources:
- Books: "Trading in the Zone" by Mark Douglas.
- Online courses or reputed Youtube channels.
- Participate in forums or communities to learn from others.
5. Manage Your Emotions
- Stay Calm Under Pressure: Fear and greed often lead to impulsive decision making. Stick to your plan and avoid losses or overtrading.
- Take Breaks: If you are feeling stressed or frustrated, stay away. Trading with a clear mind helps in making better decisions.
- Keep a Trading Journal: Document every trade—why you entered, how it performed, and what you learned. This helps you identify patterns and improve over time.
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