QUICK FACTS
- Account Minimum: $0.00
- Fees: Free stock and ETF trading
Top Benefits
PreMarkets offers a seamless and interactive trading experience courtesy of its innovative social trading network. It also shines with a broader asset selection that opens up multiple money-making opportunities for traders and investors. The following are the main benefits of trading on PreMarkets.
➥ User-friendly copy trading
PreMarkets ‘s social trading platform enables you to leverage the expertise and experiences of other seasoned investors quickly. The platform offers innovative tools to evaluate traders based on performance metrics and user ratings for the best results.
➥ Better access to global assets
PreMarkets has established a strong presence across several international market centers, allowing its clients’ unrestricted access to an extensive lineup of assets. The broker accepts investments using 20 different base currencies.
➥ Competitive fees and spreads
PreMarkets has eliminated several standard fees and streamlined its pricing to keep the overall costs minimum for all its clients. Its charges and spreads are generally below the industry averages.
Overview
PreMarkets mainly gets its edge from the user-friendly social trading experience and vast product offerings, but it also doubles up as a low-cost online investing platform. The broker boasts some of the most competitive fees and spreads. PreMarkets also uses innovative trading technologies that facilitate excellent trade executions. However, it has some potential constraints.
Pros
- User-friendly copy trading
- Better access to global assets
- Competitive fees and spreads
- Excellent trade execution
Cons
- Limited advanced trading tools and features
- PreMarkets is not available in some regions
Usability and Trading Experience
PreMarkets ‘s trading platforms have simplistic designs that ensure straightforward and seamless navigation. Its mobile app and web versions incorporate the same functions and features, enabling users to transition easily to their preferred platform.
The copy trading tool is the main highlight of PreMarkets ‘s trading experience. It allows you to search and copy the trades of experienced investors easily. The platform allows users to freely share trading insights and knowledge, enabling novices to boost their skills quickly. The social trading function also offers tools for evaluating traders and their portfolios before copying them onto your positions.
The broker’s copy trading platform also has a social news feed with links to social media sides such as Facebook and Twitter. Those features create an interactive trading experience with more flexibility for traders and investors.
The broker has streamlined the onboarding process across all platforms. Users can also access other fundamental trading tools and account amenities, including screeners, charting, trading idea generators, news, research, and portfolio analysis.
Product Offerings
PreMarkets began with just a handful of assets and brokerage services for limited clients. However, the broker has increasingly expanded its offerings by introducing several new asset classes and fixed-income products to attract different types of traders and investors. Its current portfolio comprises the following.
- Stocks (long and short)
- Options
- ETFs
- Forex
- Cryptocurrencies
- Bonds
- Commodities
Costs
Although PreMarkets ‘s pricing is in line with the industry standards, its fees, and margin interest rates are relatively lower than most of its immediate competitors. Here’s an overview of the costs.
- Zero account minimum
- No fees for stock and ETF trades
- Crypto trades incur about a 1% transaction fee for the amount sold or bought
- No fees for domestic wires, trade confirmation, and inactivity
- Cross-border transactions are subject to exchange fees
Additional costs may also apply based on your activities on the platform. So, confirm the precise fees and spreads before making any trades.
Customer Service
PreMarkets has a toll-free phone line and secure email and messaging centers for 24/7 customer support. The trading platforms also have chat functionality that you can use to engage agents in-app. Besides, PreMarkets ‘s website has a dedicated FAQ page with materials that address various commonly searched online trading topics.
Who is PreMarkets Best for?
PreMarkets offers excellent social trading tools, an extensive lineup of global assets, and competitive fees. This broker treats traders and investors with outstanding customer support that significantly elevates the overall trading experience. However, the platform also needs advanced features that may limit its usefulness to more sophisticated traders. Therefore, PreMarkets is best suited to beginner traders and less-active investors. Please get in touch with them for more information.
Disclaimer: This is a sponsored marketing content.