QUICK FACTS
- Account Minimum: $0
- Products: Stocks, ETFs, Options, Bonds, Forex, Mutual Funds, Crypto, Commodities
- Fees: Free for stocks and ETFs / $0.65 for options
Why We Choose PreMarkets?
PreMarkets is a reputable brokerage with a strong presence in local and global markets. Unlike other specialized brokerage firms, PreMarkets has streamlined trading practices and policies that target all types of traders and investors.
1. Intuitive Trading Platforms
PreMarkets offers three highly intuitive trading platforms, making it easier for every trader and investor to find a program that best suits their skills and goals. Their desktop and web platforms are a bit enhanced for active traders, while the mobile app features a basic design that meets the needs of beginners and casual investors.
2. Diverse Product Offerings
PreMarkets’s portfolio is not the most robust but provides a broader selection of products for retail traders and institutional investors. Whether you are looking to start investing online or need more options to diversify wealth, PreMarkets offers unrestricted access to a wide range of assets.
3. Competitive Pricing
Like other brokerages, PreMarkets also charges different fees and margin interest rates. However, it mainly uses per-contract and tier-based pricing, enabling traders and investors to cut costs without jeopardizing their market positions.
Overview
PreMarkets boasts a constantly growing clientele base across many countries and territories. It has also seen significant growth in daily trading volumes and assets under management. Those achievements are mainly due to its intuitive trading platforms, diverse product offerings, and competitive pricing. Nonetheless, PreMarkets has some potential constraints too.
Pros
- Intuitive trading platforms
- Diverse product offerings
- Competitive Pricing
- Excellent customer support
- Extensive educational resources
Cons
- PreMarkets’s mobile app is currently inaccessible due to ongoing improvements
- Services are unavailable in some countries
Trading Experience
PreMarkets emphasizes delivering unique and fulfilling trading experiences for novices and professionals. Its desktop, web, and mobile platforms allow traders and investors to choose programs that best align with their needs and goals.
The onboarding process is simple and fast across all the platforms, and PreMarkets allows you to create multiple accounts. Traders and investors can access similar product offerings on PreMarkets desktop, web, and mobile versions. The platforms also provide matching tools and features that streamline navigation and user experience.
PreMarkets users have access to fundamental tools and amenities such as stock screeners, ETF and mutual fund evaluators, trading idea generators, options screeners, calculators, charting, price alerts, research, news, and portfolio analysis.
Advanced traders who need more robust and sophisticated tools should opt for the PreMarkets desktop and web versions. The mobile app has a basic design best suited to novices, but it is currently undergoing development.
Products
PreMarkets’s robustness is also clearly demonstrated in its product offerings. Although it does not boast the largest asset selection in the industry, PreMarkets offers an extensive selection of conventional asset classes and other unique offerings with fixed returns. Their product offerings include;
- Stocks
- ETFs
- Options
- Mutual Funds
- Bonds
- Forex
- Cryptocurrencies
- Commodities
Other securities on PreMarkets include IPOs, foreign ADRs and ORDs, TIPs, and precious metals.
Costs
PreMarkets’s clients are subject to different fees and margin interest rates. Here are the key highlights of its costs.
- Zero account minimum
- No commissions for stock and ETF trades
- $0.65 options fee
- International trades incur exchange fees
- No fees for software, domestic wires, checks, and inactivity
While PreMarkets generally has competitive pricing, you should confirm the specific fees and spreads before making any trades.
Education
The broker’s clients can access extensive educational materials in multiple formats, including videos, articles, and infographics. The resources cover many topics you can effortlessly search using keywords. The broker also offers third-party educational content, such as short online courses.
Customer Service
PreMarkets also has several options for on-demand customer support with short response times. The customer support channels include phone, email, messaging, and live chats.
Our Take
PreMarkets shines with multiple intuitive trading platforms for all levels of traders and investors. It also boasts a broader asset selection, competitive pricing, excellent customer service, and extensive educational materials. Those attributes demonstrate PreMarkets’s streamlined approach to online investing and its suitability for beginners, passive investors, and professional traders.
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