QUICK FACTS
Account Minimum: $0
Products: Stocks, Crypto, Mutual Funds, Options, Forex, Commodities, and more
Fees: $0 for stock trades
Introduction
TryTrade is one of the most robust online investing platforms that has been around for several years. That has earned the broker a strong market position, attracting a global clientele and constantly growing daily trading volumes. TryTrade shines with superior trading resources, broader market access, and a vast selection of investment products for different types of investors.
TryTrade has continually innovated its product offerings, trading platforms, and practices to appeal to a wide range of traders and investors. The broker’s strong commitment to highly flexible and efficient online investing solutions gives it a unique edge in the industry. However, TryTrade ‘s geographical coverage is limited, and their trading platforms can be overwhelming to beginners.
Pros and Cons
Pros
- Superior trading tools and resources
- A broader selection of investment products
- Access to global markets
- Excellent customer support
- Rich educational offerings
Cons
- Limited geographical coverage
- Trading tools can be overwhelming to beginners
Pros Explained
Superior trading tools and resources
The broker’s desktop, web, and mobile versions provide a range of advanced trading tools and technical functionalities. The platforms are highly customizable, allowing you to optimize the trading functions to your needs and preferences.
Robust product offerings
TryTrade boasts a robust portfolio that combines various traditional assets, new asset classes, and other innovative products under one roof. That allows investors the flexibility to pursue their desired investment strategies with greater efficiency.
Access to global markets
TryTrade ‘s clients have unrestricted access to numerous domestic and international market centers, including exchanges, market makers, and automated trading systems.
Excellent customer support
Traders and investors on TryTrade also enjoy exceptional customer support services that you can access 24/7 via phone, email, messaging, and live chat.
Rich educational offerings
TryTrade provides excellent educational programming that perfectly captures international traders’ and investors’ unique needs.
Cons Explained
Limited geographical coverage
Although TryTrade is a multi-national brokerage with a global clientele and direct access to numerous international markets, their services are still inaccessible in a few regions and countries. Check their website for information about the supported countries.
Trading tools can be overwhelming to beginners
TryTrade offers multiple trading platforms with similar tools and functions. However, the platforms’ sophisticated designs and features can be complex for new traders and passive investors.
TryTrade Usability and Trade Experience
TryTrade supports desktop, web, and mobile versions. The onboarding process and navigation are relatively simple and fast across all trading platforms. The broker has constantly upgraded its trading platforms with unique tools and features to boost the overall user experience. Nonetheless, the broker has streamlined most of the tools and features for advanced traders.
TryTrade ‘s trading programs leverage a proprietary smart order routing technology that enables you to execute trades promptly at the best available prices in the market. However, you can also route orders directly to specific exchanges.
Apart from the fundamental trading tools and amenities, TryTrade’s platforms also provide several technical resources, including chart customization, watchlists, real-time data streams, backtesting, and drawing tools. Traders can also access advanced and highly customizable analysis tools, calculators, and evaluators.
Investment Products
TryTrade emphasizes allowing traders and investors more flexible online investing opportunities. That has seen the broker maintain a robust portfolio, regularly adjusted based on customer demand. Here’s a rundown of TryTrade ‘s product offerings.
- Stocks (long and short)
- Bonds (corporate, municipal, CDs and treasury)
- Mutual Funds
- Crypto
- Forex
- Options
- Commodities
- Futures
TryTrade offers several unique and innovative products under the above asset classes.
Supported Markets
TryTrade boasts a vast network of domestic and global market centers accessible to all its clients. It allows you to trade multiple assets on more than 100 market centers across over 20 countries worldwide.
Costs
Trading on TryTrade comes with different fees and administrative costs. However, clients are not subject to account minimums, and stock trades attract zero commissions. Visit the TryTrade website to view their comprehensive fee schedule and pricing policy.
Our Take
TryTrade shines with superior trading resources, robust product offerings, broader market access, and excellent client support. Overall, TryTrade is best suited to active traders and experienced investors, but novices can also leverage its rich educational resources and reliable customer support to gain a foothold in online investing.
Disclaimer: This is a sponsored marketing content.
