Top 10 trading platforms that cater to beginner investors offer user-friendly apps and a wide range of investment options. These brokers also provide educational resources that help beginners understand the mechanics of the trade. Many of them also allow simulated trading, which allows new traders to practice trading without risking real money.

Online brokerages such as Fidelity and Charles Schwab come highly rated for their overall services, while E*TRADE, E*Trader, and TD Ameritrade offer robust tools for more active trading and investing. E*Trade’s two mobile platforms—E*TRADE and Power E*TRADE—help beginner and advanced traders stay connected to their accounts. They each feature a variety of trader-friendly features such as customizable charting and the ability to place complex options trades on one ticket. E*Trade’s acquisition of Morgan Stanley has boosted its already expansive research catalog, which now includes proprietary reports and research from analysts at Argus Research, CFRA Research, Morningstar, MSCI, and Thomson Reuters.

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In the online broker category, TD Ameritrade and E*TRADE are both highly regarded for their robust trading tools and educational content. TD Ameritrade’s Thinkorswim platform has an easy-to-use interface and is well-known for its powerful trading tools. Its education offerings are arguably the best in the industry, with a large library of evergreen learning materials and frequent live events for traders of all levels. The firm also offers a number of beginner-friendly features such as the ability to purchase fractional shares, which makes it easier for novice investors to build a diversified portfolio on a budget.