Online Trading is one of the most trending topics on the internet these days because people are getting smart and trying their best to adopt digital tactics in every aspect. There are several electronic trading platforms that allow a user to order financial products (as an investment) over a network or even linking participants/members of the online trading platform directly. In this article, I have shared some of the best trading apps and also the other relevant information related to the subject.
Online trading is rapidly innovating, and the professional predict that it will certainly change the trading future by bringing the major trading tool and transparency of placing simple trade. If you are struggling to choose a reliable online trading application, then you are at the perfect place as this article has everything you are searching for.
Best Trading Applications
A smart investor cannot resist Fidelity as it offers everything a trader requires to start online trading. Fidelity is loved by most of the investors because it allows the user to invest for absolutely free with no hidden commission or register-fee, which most of the popular trading apps demand. There is no minimum amount required to start investing through Fidelity, and apart from that, it does not charge any commission or any account maintenance fee.
The Fidelity Mobile app defines speed, which means it is super fast and does not lag between the trading process. Apart from speed, it offers some amusing & useful features that make it one of the best online trading mobile applications.
As per the name suggests, Robinhood is amazingly beneficial for small or new investors. It allows trading of stocks for absolutely free of charge and all this at your fingertips. The Robinhood mobile application offers a simple interface with no technical stuff to perplex the user. The thing which made me list this application among the best is that it enables the users to invest in cryptocurrency, but it has some restrictions too.
Additional to the user-friendly interface, Robinhood offers a wide range of research tools, which makes it more appealing and better than other competitors. If you have some basic knowledge of trading, then Robinhood will perfect for you, but keep in mind that it does not allow the user to invest in fractional shares.
TD Ameritrade is another trading platform which is similar to Fidelity and offers a premium trading experience on mobile. The application has various features, but the interface is not user-friendly. TD Ameritrade is a broker who has great experience in all aspects of trading, and that makes it a perfect go for trading on mobile. The stocks & ETFs are listed at a commission-free price, and that makes it a reliable & profitable option.
TD Ameritrade mobile provides research & portfolio analysis, which makes investing online more convenient & easy for regular people. Apart from that, it charges 0 commission over trade, and there is no fee for account maintenance or something related to that. If you are searching for an application that makes trading easy & beneficial, then TD Ameritrade is certainly the best option for you.
Bonus: 5paisa is one of the fastest growing brokers in India which offer trading at 0 charge. Apart from that, it also offers great discounts in stocks, trading tips, stable mobile application and a lot more for absolutely free.
Benefits of Online Trading
There are various advantages/benefits of online trading, which will stimulate you to switch from the traditional way of trading. I have mentioned a few strong benefits of online trading that will make you understand electronic trading better.
Online Trading Is Cheaper
Trading online is a lot cheaper than offline trading because the investor does not need to set any broker for the trades. Most of the online trading applications does not charge any maintenance fee or any commission and all these factors make online trading is a lot cheaper than traditional tradition.
Unlike traditional trading, you are not dependant on any middleman to make a trade successful, and this makes the investor on its own. But you can always consult professionals before bidding or buying any asset and make a trade successful.
Online Trading allows investors to monitor their investments in real-time, and this helps in setting the next move of trading.
These are some of the benefits of online trading, and I believe that these reasons are enough to make an investor switch from traditional to online trading.
Online trading is rapidly changing the industry, and many first movers are benefitting it from other people. Today, you learned about some of the best online trading apps and also other relevant information regarding it. I hope that this comprehensive article helped you and satisfied all your queries regarding the subject. But if you have any doubt or issue that is related to our topic, then please make a comment below, and I or someone from our team will certainly respond to it with a positive & satisfying answer. Also, share this comprehensive article with your colleagues & friends and let them take advantage of it.
Which advantage of online trading did you like the most?