All investors are looking for the most reliable place to manage their money, and below we will present the most important tips that you should follow or the most important criteria that should be taken into consideration when choosing a trading platform to deal with, which are as follows:- 

 

  • Reputation of the best trading platforms: 

The reliable trading platform has a good reputation and achieves international fame worldwide. Therefore, you should search for traders’ opinions about the trading platform before starting to deal with it.

 

  • Security in the best trading platforms: 

Ensure that the company or trading platform is able to protect all your data, whether personal data or financial data. Especially if the trader's dealings with the platform are electronic, that is, via the Internet.

 

  • Transparency: 

The best reliable trading platforms have an application that can be easily installed on mobile phones so that traders can, through that application, know all the changes that may occur in the trading market on an ongoing basis.

 

  • Fees:

 Compare all exchange fees, which are usually less than 1% per transaction and may decrease if your trading volume is larger.

 

Read more about investing with a small amount through the following link. How do I invest in stocks with a small and profitable amount? 

  • Liquidity:

The higher the trading volume, the more liquid the exchange is, and this makes completing transactions faster and easier. Without having to deal with many major price changes. Also check if the exchange offers “guaranteed” quotes, meaning they guarantee you the exchange rate at the time of the transaction even if the price does not stabilize afterwards.

 

  • Technology:

The best reliable trading platforms allow investors to trade via computers or phones online. In addition, it includes an advanced platform that responds to executing the orders of all traders across all devices, regardless of their version.

 

  • User experience:

The reliable platform has a fast response to enable you to implement all agreements immediately. This may confirm its speed and concern for the interests of investors and traders.

 

  • Legal aspect:

It is necessary to ensure that the trading platform you are dealing with is subject to the Financial Regulatory Authority in order to ensure that it is a licensed commercial company.


In short, we recommend dealing with trusted and licensed trading companies and platforms. Which are affiliated with accredited and international regulatory bodies, because they provide many services to traders, and guarantee your rights and money.