Trading in stocks has seen revolutionary changes in recent years and there are various online trading platforms which offer the users seamless experience in trading. However, there are still people who opt for the traditional method of trading as they have a wrong notion that the trading of shares online is not quite safe. First one should understand clearly what is offline trading and online trading.
The online trading lets the individual trade on a platform without any support of a dealer or broker. You can easily buy shares, futures, currencies, etc on the go using CFD trading app or a laptop. There are different trading platforms you can find online which offers excellent service that allows the trader to conduct trading without having any security concerns. But you should know which one serves your requirement. Read this post here to know all about the online trading.
In the case of offline trading, all the trading transactions are conducted with help of the broker. Every transaction would be routed through the broker. The broker would charge fees for the services rendered by him. The biggest problem a trader’s faces while opting for offline trading is that you are required to be in touch every day with the broker to execute the trade. If at all the broker is not available, then you will not be able to conduct the trade on that particular day.
Advantages of choosing online trading
Least expensive- Whenever you conduct trading transactions with broker’s help, you will end up paying a hefty sum as the brokerage fees. However, whenever you trade using an online trading platform, you are not required to pay such a huge amount. You could save quite a lot of money and use that fund to buy more stocks.
Removes middlemen- Online trading eliminates the need of middlemen. For many years, broker’s played an important role and one could never trade without their help. But now with the online portals, one can sell or buy the securities with just a few clicks.
Full control- You have the ultimate control over deciding when to conduct the trading. You don’t have to depend on the availability of anyone. The trader has the entire control over the securities that he/she holds and can easily review the status of those securities. While in offline trading, the entire control lies with a broker who will be executing the trade for you.