LondonBit Review – Broader Market Access and Diverse Asset Selection

Our Take

LondonBit stands out as a full-service brokerage with various perks to attract different types of investors. It currently boasts access to numerous international markets, a vast selection of securities, and superior trading platforms. LondonBit also provides good customer support and client-focused educational materials that elevate the user experience significantly. However, note that LondonBit’s services are inaccessible in some regions.

LondonBit Overview

Why We Choose LondonBit

LondonBit is an established brokerage with a broader clientele base that spans multiple countries worldwide. While it has mainly been a professional-level platform, the broker has continually developed its practices and policies to attract beginners and casual investors. Here are its main perks.

Access to various international markets 

LondonBit boasts an extensive network of domestic and international market centers, including automated exchanges. It allows you access to more than 120 markets across over 20 countries worldwide from a single integrated trading account. That ensures greater convenience to those who may wish to diversify their investments across multiple global industries.

A robust selection of securities 

Thanks to the broker’s network of global market centers, their clients enjoy access to a broader selection of trading instruments. LondonBit provides a vast selection of tradeable securities, including stocks, options, ETFs, bonds, cryptocurrencies, forex, commodities, and even precious metals.

Superior trading platforms 

LondonBit desktop and web platforms are potent programs that integrate fundamental and technical features for active trading. The platforms offer interactive charts, custom watchlists, and technical analysis tools so you can quickly sort and monitor trades. LondonBit also leverages innovative trading technologies for excellent order and price executions.

LondonBit Pros and Cons

Pros 

• Access to numerous international markets
• A vast selection of securities
• Superior trading platforms
• Good customer support
• Excellent research and education materials

Cons 

• Trading platforms can be confusing to beginners
• The mobile app is still in the development stage

Are There Any Risks of Investing with LondonBit?

Overall, LondonBit is a safe and reliable brokerage that attracts different types of traders and investors. However, the platform is mainly for professional traders, and novices can find it quite overwhelming. Besides, LondonBit still needs to release its mobile app.

What Do They Offer?

LondonBit has numerous product offerings, with new securities added frequently based on customer demand. Here’s a rundown of the tradeable securities on LondonBit

• Long and short stocks
• Bonds (municipal, treasury, CDs)
• Forex
• Cryptocurrencies (More than 20 leading digital currencies)
• Mutual Funds
• Options
• ETFs
• Commodities

LondonBit offers thousands of mutual funds, over 25 currency pairs, and all the major cryptocurrencies. Investors can also access selected IPOs and precious metals.

Trading Tools and Technology

LondonBit supports two trading platforms: desktop and web-based. Traders and investors have access to similar securities and markets across all platforms with features and functionalities that streamline navigation and the overall user experience.

Traders on LondonBit have access to fundamental and technical tools. The standard features and amenities include charts, custom watchlists, alerts, screeners, calculators, trading idea generators, evaluators, news, and data streaming. The platforms also support multiple order types, but advanced orders are only accessible on the desktop.

LondonBit’s smart order routing software is one of the highlights of its trading technologies. The proprietary software enables you to get the best trade executions and prices since it routes orders to numerous market centers and executes each leg at the most low-cost markets.

Fees and Commissions

LondonBit has zero account minimums and no commissions for stock and ETF trades. Opening an options account is subject to a $0.65 per contract fee. It has also lifted account closure and inactivity fees. However, trading multiple assets on global markets usually attracts different fees and margin interest rates. So, confirm the actual costs of your trades beforehand.

Who is LondonBit Best For?

LondonBit primarily focuses on active traders and professional investors who demand unrestricted access to international markets and a vast asset selection. However, beginners and casual traders can also take advantage of its intuitive research, educational materials, and outstanding customer support. Please get in touch with this broker for more information!

Disclaimer: This is sponsored marketing content.