If you want to start your trading journey, it’s important to know which platform is safe for you. If you are beginners, safety should be the main priority.
Without this, you might lose your funds. Keep in mind that a beginner-friendly platform not only gives you security but also gives you learning materials, clear pricing, and trustworthy customer support.
In this article, I will provide you with the best safe trading platforms for beginners so that you can go with them easily.
Best Safe Trading Platforms For Beginners
In this segment, I will share the safest trading platform for beginners. Furthermore, I will also share our platform volity. io, which is totally safe for newbies.
Volity.io: Safest Trading Platform
Hello, investors. Welcome to our platform. Volity.io is one of the safest trading platforms for beginners. Because it runs through such a partner broker that is run by CySEC.
This is one of the renowned financial regulators in the European Union. The goal of this is to follow the rules on risk statements, safeguarding of client assets, and compliance measures that confirm the safety of this platform.
We also maintain KYC and anti-money-laundering control which also increases the safety of the users further.
Besides, we offer lots of benefits for beginners. Firstly, you will get access to global trading markets.
They are stocks, forex, commodities, indices, and crypto. For this, you do not require multiple accounts. You can explore the trading market from a single account.
Secondly, we design this platform in such a way that it will provide you with the data of real-time trading. As a result, you can decide quickly what you should do.
Thirdly, the cost of this platform is low. For this reason, you may explore the market without any high cost.
Fourthly, we offer educational resources to beginners. For instance, you may check our blog section where we publish various types of guides related tradings such as the forex beginner guide, which is one of them.
Fifthly, you have the chance to practice real money before risking real money. As a result, you will be able to understand their tactics and can be able to apply on real practice.
Finally, you will get flexible ways to trade on this platform.
Charles Schwab
Charles Schwab does things spontaneously and simply for you when you begin funding in it. It will provide you with all the accessories to improve gradually.
You can be aware of Morningstar analysis, stock reports, and Reuters news by remaining in one place.
Proper stockings, excluding any type of stress, can be got if you practise the ETF screener. This method is very helpful as it describes everything in a spontaneous way.
If you don’t use it earlier, it provides you with the materials naturally with enjoyment. You can also fund from your mobile phone alike how you do on your desktop.
It also provides fractional shares, so you can begin your funding starting from only five dollars.
Besides this, other facilities such as no charge on stock and ETF trades and having a zero balance are also accessible to begin an account.
This platform is also safe and beginner-friendly. Because it provides investors with encryption, monitoring, and multiple layers of technology.
As a result, they can check the unusual activity and will be able to take proper steps to stop it.
Merrill Edge
This is one of the secure trading platforms for newbies. Because it uses strong login protection for the users.
It also has two-factor authentication to add extra security for your account.
As a result, if anyone tries to access, you will be notified and can take proper steps. It also uses encryption and monitoring methods to secure your data from others.
It means nobody can read your information. Because it is coded through encryption. Merrill Edge also gives you the fraud protection guarantee.
This platform provides various app features for safety. Biometric login is one of them. It also provides identity and privacy verification for extra safety.
In other words, this platform is run by SIPC that saves your investment from failure and provides you with insurance.
Webull
Webull is another secure platform for newbies who want to trade without concern. You do not require to pay any commission for trading on ETFs and stocks.
Without trading fees, you can use cryptocurrency. Webull also offers mobile apps for more convenience.
Then, you can check your account at any time. With little money, you may begin investing on this platform.
You can purchase fractional shares and can invest in specific stocks and ETFs. 2FA and data encryption are used in this platform to provide an extra layer of security.
Robinhood
Robinhood is another safe trading platform for newbies. It provides various safety measures to protect your account, personal information, and money.
Encryption is used in this platform to keep your personal data safe. Furthermore, all the information on the website is protected through secure HTTPS connections.
Your account activity is continuously monitored, and if something unusual happens, Robinhood may alert you or temporarily restrict actions to prevent fraud.
In terms of financial protection, your investments are covered by SIPC insurance, which protects up to $500,000 (including $250,000 for cash) if the brokerage fails.
FDIC insurance also secures your uninvested cash via partner banks. Robinhood also cooperates with additional private insurance for extra coverage for the investors.
While these securities help safeguard your account, you also play a crucial role by placing a strong password, enabling all safety features, and keeping alert for phishing emails or fake messages.
Overall, Robinhood Integrates technology, insurance, and monitoring systems to keep your account safe.
Fidelity Investments
If you desire to have a helpful middleman, Fidelity can be the best option for you. You begin your funding by using only one dollar.
You can get many alternatives as you have access to a large number of funding and ETFs. If you require any support, you can easily be connected to the support centre and get your required answers.
Before any type of purchasing, the powerful search facilities will support you in realizing the rightness of your purchases.
You can grasp your required knowledge through many sources, such as webinars and recorded videos, at your own convenience.
To achieve your goal, every aspect is described plainly so that you can be optimistic.
Interactive Brokers
Interactive Dealers provide you with workability on the basis of your proficiency. If you are a starter, you can prioritize a risk-free and simple stage; for example Lite platform can be a perfect option for you.
Besides this, you also have access to many strong research facilities and instructional sources. To enrich your knowledge, you can be present in webinars, keep guides with you, and choose training programmes.
You can communicate with the support centre over the phone or chat, and also be aware of your required questions at your own convenience.
You will be benefitted with zero of charge on your choice of the Lite platform. The charge of transfer-out is also free.
Ally Invest
Ally Invest has many advantages, such as you can transfer your money comfortably between your bank and funding accounts.
You can deal with and look into the price range from the mobile app of Ally. You can also get service from Ally’s support system.
The learning resource is noted in a comfortable and simple way, and so it really creates a fantastic vibe for you.
So it can be a suitable choice if you want to do banking and funding while remaining in one place.
E- Trade
If you prefer to use mobile apps, then E-Trade will be the most suitable for you. According to your requirement, you can have two apps.
By using the primary app, you can do many things such as trade stocks, ETFs, bonds, mutual funds, and options.
Money transfer and down payment- these advantages are available. Power E- Trade provide you with more accessories in one screen if you desire to do advanced dealing.
It will provide you with videos, articles and live classes and as a starter it will be very beneficial for you.
Firstrade
If you prefer affordable funding, Firstrade can be a suitable option for you. You can deal free of charge or cost.
You also have entry to sound research and fundamental learning accessories. The platform is plain, and so you don’t feel any type of discomfort.
If you desire to focus on plain and inexpensive things, then it acts very clearly.
In conclusion, we recommend you the best safe trading platforms for beginners is Volity. Io. Because it is safe and beginner-friendly.
