Online trading platforms make money either by setting commissions for trades or more commonly via what’s known as the spread.This is because of MiFID legislation (known as Directive 2014) which is aimed at creating more transparency and protection for traders. Some may periodically offer incentives of free trades if you open an account with large deposits although since 2018, platforms based in the EU are now prohibited from offering bonus incentives to open accounts. This is usually anything from around $50 upwards.
There’s a few useful things to be aware of before you sign-up with any trading platform.
