The best ETF platform gives you an easy way to invest in exchange-traded funds. These are a great way to build a diversified portfolio, as they offer low fees and easy access to dozens of different market sectors.
Luckily, many online brokers now let you trade them for free, with some even offering zero commissions. You should choose the one that fits your needs and budget, and offers the most advanced tools to help you make better trading decisions.
Diversifying Your Portfolio: Finding the Best ETF Platform
If you want to take a more hands-off approach, consider a service like eToro or Betterment. These services do the work for you by analyzing your goals, risk tolerance and investment time horizon to create an optimized portfolio of low-cost ETFs. They also handle asset allocation, tax-loss harvesting and more to save you money.
While some online brokers have a proprietary trading platform, others use third-party software. Most of the best ETF platforms rely on MetaTrader4, which is known for its robust performance and extensive charting capabilities. Others use their own in-house trading platform, which provides a more tailored experience.
Ally Invest is an excellent choice for ETF investors, as it offers both a robust and intuitive trading interface in desktop and mobile form. It also provides a wealth of educational content and research to help you make better trading decisions. Its all-in-one account also makes it a convenient choice for anyone who wants their checking and savings accounts in the same place. Its biggest drawback, however, is its $5,000 minimum for new robo-advisor clients.