Whether you need to select a cheap algo trading platform depends on your investment goals and intentions about trading. Many platforms can provide cheap algo trading services, but this is not the only thing you need to consider. To be a good platform, the exchange must also be reliable and secure and provide a versatile trading experience. Hence, it is important to consider a number of other factors along with the price. In this regard, we consider eToro one of the most reputable brokers with quite a competitive pricing structure. The broker charges no commission fees for stock trading, while other assets can be traded at average market prices. eToro is also heavily regulated, so you can be assured your money is safe with this broker.