Overview
TryTrade mainly began as a professional-level platform that caters to active traders. However, it has broadened its appeal with far-reaching offerings to meet the unique demands of beginners and casual investors. With its zero account minimums and competitive pricing, all traders will find it easy to get started on TryTrade. It also offers intuitive trading programs with highly customizable tools and features. However, TryTrade still has limited geographical coverage.
Pros
- Extensive trading tools and resources for all types of traders
- Robust product offerings
- User-friendly mobile app and web version
- Competitive Pricing
- Excellent client support
Cons
- Limited geographical coverage
- TryTrade desktop version can be a bit complex for beginners
Pros Explained
Extensive trading tools and resources
Whether you need trading idea generators, asset screeners, research insights, or analysis tools, TryTrade offers top-notch resources for all types of traders. That enables you to pursue your preferred investment strategy seamlessly.
Robust product offerings
TryTrade provides a robust selection of traditional assets, new asset classes, and several other investment products. Its offerings cater to the unique demands of beginners, passive investors, and active traders.
User-friendly trading platforms
The broker’s clients are guaranteed a smooth online investing experience and consistent functionality across its desktop, web, and mobile versions. Overall, the broker’s platform’s user experience is at the center of TryTrade ‘s trading practices, with a simplistic mobile app and web platform for novices and an advanced desktop version for active traders.
Competitive Pricing
TryTrade boasts low commissions and spreads, below the industry average. Their pricing is straightforward, without any hidden fees.
Excellent client support
TryTrade offers highly reliable customer support, with shorter response times and quick resolutions that bolster investor confidence.
Cons Explained
Limited geographical coverage
TryTrade currently supports trading on multiple global markets, but its services are still inaccessible in some countries and regions.
Sophisticated desktop version
TryTrade ‘s desktop version offers various fundamental and technical trading resources. However, it has a relatively complex design that can easily overwhelm beginners.
Our Take
TryTrade emphasizes an intuitive online investing experience with extensive and user-friendly trading resources, robust investment products, competitive pricing, and excellent client support. Those attributes make TryTrade an incredible platform best suited to beginners, passive investors, and seasoned traders.
TryTrade Usability
This broker’s unwavering commitment to the client experience has enabled it to deliver seamless and easy-to-navigate trading platforms. Its desktop, web, and mobile versions offer various customizable tools and features that allow you to optimize the trading experience to your specific needs and preferences.
TryTrade ‘s web version provides a doc tool that enables you to customize the dashboard fully. It features several modules for viewing account balances, watchlists, market news, RSS feeds, and other reports. Users can rearrange the modules as they desire.
TryTrade ‘s mobile app allows you to view your positions and account balances on one screen, making it easy to monitor trades. It also offers industry news regarding the currently held positions, giving users broader insights and the ability to modify their portfolios if needed.
The desktop version supports robust fundamental and technical trading tools that make obtaining valuable data on any instrument easier. By entering the ticker symbol, you can easily view account information, charts, analyst ratings, investor earnings, and other essentials on TryTrade desktop.
Trading Instruments
This broker’s clients can access a broader selection of investment products on its desktop, web, and mobile platforms. The broker’s portfolio comprises robust asset classes and fixed-income investments, with plans to introduce more innovative products appealing to various investors and traders. TryTrade ‘s product offerings include.
- Long and short stocks
- Options
- Cryptocurrencies
- Forex
- ETFs
- Mutual Funds
- Bonds
- Commodities
Costs
TryTrade has eliminated several trading costs over time. Here’s a breakdown of their fees.
- No minimum account deposits
- Zero commissions stock trading
- No per-leg fees for Options trades
- Free paper checks
- No account inactivity fees
Other spreads and commissions may vary, but TryTrade boasts competitive pricing that aligns with industry standards.
Client Support
TryTrade has a toll-free telephone line that remains open 24/7. You can also get trading and account support via email, website, and message. TryTrade ‘s mobile app supports live chats that you can use to contact customer support without leaving the platform.
Disclaimer: This is sponsored marketing content. The presented material by no means represents any financial advice or promotion. Be sure to do your own research and acknowledge the possible risks before using the service of any trading platform.
