Trading with indices is and has always been something traders get curious about. While many traders start with index trading, some join in later on, but either way, all will have the same view about this trade and it’s how easy it is.
Easy in the sense that you don’t need so much to trade with indices, plus in this trade, you get to experience an entire sector of markets all at once if you choose to do so. So you don’t need to open various positions on various different shares.
Not to mention, it’s also beginner-friendly, considered to be profitable, and is overall a swift trade to consider. But just like any other trade, index trading is also pretty volatile. So you’ll need all the help you can get to learn, master, and trade efficiently with this market.
One thing that can greatly impact your trading career has got to be the platform you choose to trade with. This is because they act as your middleman in trade and working with a good one can get you exposed to various markets, quality platform features and tools, learning material, good deals, and more.
So to help narrow down your options below is a list of the best trading platforms for index trading! Each of them has its own features, fees, perks, and processes so use the info below to see which platform will suit you best.
XTB
This trading platform exposes you to over 2100 global markets and is exceptionally ideal for index trading. This allows index traders to trade for over 35 different indices around the globe. You can expect to be able to trade indices with US, Australian, and EU states.
They boast over their easy-to-use platform, its excellent execution speed, quality charts and market order depth, their trader calculator, sentiment, and statistics performance. Plus when you create an account with them you can enjoy:
- Over 2100 global markets and instruments. (Which includes Forex, EFTs, Commodities, Indices and so much more)
- How it’s safe and secured. (Regulated by the world’s biggest supervision authorities)
- Is well-established and has over 495,000 customers. (Has been around for over 15 years)
- Great market analysis. (Real-time news 24/7)
- Offers an innovative platform. (Always improving and getting updated)
- Offers comprehensive education. (More than 1000 articles, informative videos, and quizzes)
- Has a fast and highly qualified support team. (That can be contacted through email, online chat, or by phone)
eToro
Even if you’re a new trader or an old one, this is a name you heard of before. eToro is one of the most popular trading platforms today and is exceptionally ideal when it comes to social and copy trading.
And as an index trader, you can expect to be exposed to over 13 indices to trade with from countries such as Australia, the US, the EU, and some countries in Asia. And the spread on indices starts as low as 0.75 pips.
So if you want to sign up with them, you can do it through their website. Once you become an eToro subscriber, you can enjoy its many perks such as:
- Low fees and discounts.
- Its platform provides a stimulating social environment.
- Offers quality educational resources. (Offers access to live webinars)
- Allows traders to transfer their crypto holdings off the platform.
- Provides subscribers with an eToro Money account & debit card. (Offering market-leading FX rates)
Pepperstone
Another platform that’s an ideal choice for index trading is Pepperstone. This has over 20 CFD indices available you can choose from UK, US, and Europe. It’s also deemed to be reliable, offers a range of growing trades, offers good quality learning resources, and supports various social copy trading platforms.
To open an account, its initial minimum deposit is around $200. And for its platforms, you can expect to be met with MetaTrader 4 & 5, cTrader, and TradingView. To know more about pepper stone’s perks, here’s a rundown:
- Offers various platforms. (MetaTrader 4 & 5, cTrader and TradingView.)
- Offers a huge scope of available third-party tools and plugins.
- Is regulated in two tier-1 jurisdictions.
- Offers quality research.
- Has a wide selection of tradable markets.
- Offers competitive pricing, for active traders part of their Razor accounts.
- Has various social copy trading platforms.
Take away
Now you know a good sum about these trading platforms, you can now make a more accurate decision when deciding which one suits you best. Use your new-found information for good and use their characteristics as a standard when looking for a trading platform outside of the list. So, good luck on your index trading journey and we hope this list helped!