How to Choose the Best Trading Platform for Shorting Stocks and Crypto

RediksiaTuesday, 2 January 2024 | 08:51 GMT+0000
How to Choose the Best Trading Platform for Shorting Stocks and Crypto
How to Choose the Best Trading Platform for Shorting Stocks and Crypto

eToro has low margin requirements, high liquidity, large short inventory, and various order types. eToro also has a user-friendly and intuitive trading interface, as well as a social network where you can interact with other traders, copy their trades, and learn from their strategies. eToro has excellent customer support, available via phone, email, or live chat, in multiple languages.

eToro is regulated by several authorities, such as the FCA, CySEC, and ASIC, and has a high level of security and transparency. eToro is the best overall trading platform for shorting stocks and crypto, as it offers a comprehensive and convenient service for both beginners and experienced traders.

Best for Stocks: Interactive Brokers

Interactive Brokers is a global brokerage firm that offers trading services for stocks, options, futures, forex, bonds, and funds. Interactive Brokers allows you to short sell over 10,000 stocks from 135 markets around the world, with leverage up to 4x. Interactive Brokers has low margin requirements, high liquidity, large short inventory, and various order types.

Interactive Brokers also has a powerful and advanced trading platform, called Trader Workstation, which provides you with sophisticated tools and features, such as market scanners, alerts, charts, indicators, and algorithms. Interactive Brokers has professional and knowledgeable customer support, available via phone, email, or chat, in multiple languages.

Interactive Brokers is regulated by several authorities, such as the SEC, FINRA, and FCA, and has a high level of security and reliability. Interactive Brokers is the best trading platform for shorting stocks, as it offers a wide range of markets and instruments, as well as a robust and versatile trading platform.

Best for Crypto: Bybit

Bybit is a leading crypto derivatives exchange that offers trading services for BTC, ETH, XRP, and EOS. Bybit allows you to short sell these crypto assets, using perpetual contracts or inverse futures contracts, with leverage up to 100x. Bybit has low margin requirements, high liquidity, large short inventory, and various order types.