Table of Contents
FAST FACTS
Account Minimum: $0
Fees: Free stock trading, per leg commissions for options trading
Why We Choose TryTrade
TryTrade is a full-service brokerage that offers a vast selection of domestic and global investment products. The robust product offerings are why many retail traders and institutional investors are increasingly attracted to the platform. However, TryTrade also excels in several other areas.
Vast product offerings
TryTrade is one of the leading multi-asset investors in the industry today, with direct access to various domestic and international markets. Apart from the traditional asset classes, TryTrade also provides a range of unique and innovative investments to meet the demands of different investors.
Excellent order execution
TryTrade has continued improving its platforms’ trading experience by integrating technology. Its platforms leverage innovative order-routing software that enables you to execute orders much faster and at the best available market prices.
Round-the-clock client support
TryTrade also provides highly reliable customer support that gives you the confidence to pursue your intended investment goals with fewer risks. They have a toll-free phone line, a secure messaging center, and an email service for 24/7 customer support. You can also chat with the assistants across all the TryTrade ‘s trading platforms.
Overview
TryTrade is an established broker that emphasizes flexible investment opportunities for retail traders and institutional investors. They have built a brand based on robust product offerings, access to global markets, and excellent customer service. While TryTrade continually innovates its practices and policies to attract a broad range of investors, it falls short in some areas.
Pros
- Robust product offerings
- Direct access to global markets
- Excellent trade execution
- Round-the-clock customer support
Cons
- Limited educational resources
- TryTrade is inaccessible in some regions
Supported Products and Markets
TryTrade is one of the top-rated multi-asset brokers, offering an incredible mix of domestic and global assets. The broker consistently adjusts its portfolio to allow traders and investors more options on how and where to invest their wealth. TryTrade boasts one of the most extensive portfolios in the industry. Here are the products you can access and trade on TryTrade.
- Stocks (long and short)
- Bonds (municipal, treasury, CDs, and corporate)
- Cryptocurrencies
- Foreign exchange (More than 50 currency pairs)
- Mutual Funds
- Options
- Exchange Traded Funds (ETFs)
- Futures
- Commodities
TryTrade offers diverse, innovative products under the above asset classes, allowing traders and investors better access to multiple instruments at lower costs. Trading on TryTrade allows you direct access to several domestic and international markets, including electronic exchanges across over 150 countries worldwide.
Trading Platforms
TryTrade offers three trading platforms that are all easy to navigate. They incorporate several pre-built and customizable features that you can optimize to your specific preferences and needs.
The broker’s mobile app and web platform boast simplistic designs, but they integrate many user-friendly tools and functions best suited to novices. They show all your positions and account balances on one interface, making it easier to monitor trades. The platforms also offer charts, trading idea generators, and market news.
The TryTrade is also intuitive but more robust than the web and mobile programs. It offers enhanced functionalities and features, such as drawing tools and technical analysis, which are ideal for active traders.
Costs
TryTrade has reduced its clients’ trading fees and margin interest rates over time. The broker doesn’t charge account minimums and allows you to trade stocks for free. Although different commissions and spreads apply, most of the costs on TryTrade align with the current industry standards. Perhaps you can visit TryTrade’s website to learn more about their fee disclosures, pricing, and other related costs before placing an order.
Security and Reliability
TryTrade implements 2FA for all brokerage accounts, with optional biometric authentication. The broker provides insurance protection for selected asset classes and more significant transactions. Besides, TryTrade has not reported any significant service outages or security breaches in the last five years.
Final Verdict
TryTrade shines with a robust selection of investment products, direct access to global markets, superior trade execution, and excellent client support. While those attributes give the platform a broader appeal, TryTrade is mainly ideal for active traders and institutional investors.
Disclaimer: This is a sponsored marketing content.