Are you curious to find out the best options traders to follow in 2022? First, we will see the keys to analyzing this market and the details related to the best options traders.
The truth is that when choosing the best options traders to follow, we usually look at the regulation, the customer service, the possibility of making deposits and withdrawals with electronic wallets, the mobile application, and the number of assets they offer (particularly in the case of stocks or ETFs).
On the other hand, you should also know that we usually trade various assets: Stocks, Futures, Cryptocurrencies, CFDs, ETFs, and even Forex. So depending on the asset and type of trading, we will work with one Option Trader or another.
How to Select the Best Option Traders to Follow in 2022?
Whether you are a beginner or an experienced trader starting on your own, the services of a stockbroker are a must if you want to trade. Therefore, it is important that you can select the most suitable option trader for you.
Many of the questions you should ask yourself are the following:
- Do you have the financial assets in which you are interested, or are you a specialist?
- Are the account conditions, especially the minimum deposit, feasible for your capital situation?
- Does it provide an efficient, customizable, simple, and appropriate trading platform for your trading experience and operations?
- Does it have adequate customer service to answer questions or resolve problems?
- Does it offer any similar services that may be useful to you?
- Are you comfortable with their order execution policy?
The Best Options Traders to Follow
There are many Option Traders in the world, but to buy shares in cash, not as many as it seems. Yes, there are many stockbrokers to trade derivative products on shares, such as CFDs or financial options. There are not that many pure shares, especially if we want to trade from a specific country, since local regulations mean that many cannot offer that product to foreign customers, severely limiting their international reach.
How is eToro for investing?
eToro is a very good broker to invest in in the short-medium term. We usually use it for swing trading.
But it all depends on the investor or trader you want to become. Therefore, if you are looking for to day trade or investment long-term, we recommend you look for other options.
For the long term, we recommend Interactive Brokers (never forget that in the long term, the shares must be in your name). To trade Forex, you can look at Vantage, Ava Trade, or IC Markets; if you are looking to trade Futures, a good option is Ninja Trader.
eToro commissions and admirals
Another issue to consider is that of commissions. In the case of eToro, you should know that this trader does not charge commissions for trading cash shares. We particularly appreciate this as cash stocks are one of my favorite assets (the downside of eToro is that the stock catalog is very limited).
On the other hand, admirals charge commissions (where admirals do not charge commissions when trading share CFDs, although there is a daily trading limit for that).
As for the execution of orders, we confess that we like the trading platform developed by eToro. It is very simple and friendly. And while it’s true that it’s not the best platform for in-depth analysis, it’s also true that for technical analysis, we prefer to use Trading View, and only use the Options Trader’s platform to place orders.
Admirals, for its part, works with MetaTrader, a platform very well suited to Forex or CFD trading. The truth is that we like this Broker because of the plugins it has developed. The plugins admirals have for MetaTrader are some of the best on the market and make my trading with stock CFDs much easier.
Another detail that we like to look at in the best options traders to follow is the usability of the mobile application it offers.
Mobile trading applications allow us to follow financial news in real-time, update the performance of the different portfolio assets, read other traders’ comments, or monitor companies. For these purposes, the eToro app is very well done and is used most to enrich trading.
What are Interactive Brokers like for investing?
Interactive Brokers is one of the most respected and the best options traders to follow in the community. And it should be one of your first options if you are thinking of investing for the long term. Interactive Broker’s issues are not one of reliability, seriousness, or reputation.
On the other hand, the platform used (TWS) has a much higher learning curve than the trading platforms offered by other stock brokers. However, it is also true that you can operate from the Client Portal (the platform’s web version), which is much easier to understand. The latter, however, does not have all the features offered by the TWS platform.
In the long term, the shares should remain in your name.
Do not forget, in the long term. The actions must be in your name. Traders like eToro are good for the short term.
