Should You Choose An Online Broker Or An Offline One?
We live in a new digital era and an increasing proportion of the worlds stock trading is being done online. Sophisticated technology means that someone in London can buy a NYSE stock within a minute with a few simple clicks of the mouse.
While there are some situations that may make having an offline broker advantageous, here are the primary benefits that come with having an online stock broking account:
Its Far Cheaper To Trade Stocks Online When a customer has a phone line and executes a trade via a live broker, it costs the company a lot of money to pay the brokers wages and have a physical location for that broker to operate from. When the same trade is done online, its an automated process handled by a system. This is far cheaper for the company allowing it to reduce the price it charges for execution only trade.
Faster Execution With an online stock brokerage account, execution is immediate. There is no need to call a broker and wait while the trade is executed. In addition, online broking accounts enable the user to access their account status immediately via internet connection. In the...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
