Encouraging Steps towards Online Trading Facility
Needless to say that online trading has changed the face of the broking industry in India and has stimulated the desire for trading among many investors. That’s the reason why the stock brokerages’ income from online trading surged by 57 per cent in 2015 over the previous fiscal years. This report was further established by Dun and Bradstreet’s survey on equity broking houses’ income from e-broking transaction which said that the income of the e-broking houses rose by a sharp 57.1 per cent in 2014-2015 compared to a year ago.
This trend indicates that equity broking has really evolved and online trading has replaced the traditional call-and-trade mode in India.
But have you ever wondered how this drastic evolution took place in the stock market and why so many people who had been against the share trading have suddenly started taking interest in it? Simple! Because of enormous lucrative online trading facilities, people could not hold themselves back from e-broking for long.
Let us now check what facilities are available in online share trading that has been winning the attention of the investors since inception.
Flexibility: One of the best features of online share trading is its flexibility like it facilitates the account holders to access their trading accounts at any time and from anywhere. With browser and application based software, online trading permits the users to trade through desktop, laptop, smart phone, tab and other devices.
Access to Research: No interaction with a broker is required for getting an access to the research reports. On an online share trading platform, account holders can view the research report and market analysis on their own and develop knowledge for more effective and efficient trading.
No time restrictions: Investors who use online trading platforms have access to their trading accounts 24 hours a day and 7 days a week. While trading is not open all day, this can still provide you with numerous other advantages. Account holders can take a look at their accounts even after the market is closed. This freedom is one of the biggest draws to online trading.
No investment limit: Unlike the traditional way of trading equities, there is no investment limitation in the case of an online broking. Generally, the offline broking firms put limitations on the traders that require the latter to invest a certain amount to take advantage of the services. The traditional broking firms sometimes even restrict the traders to trade a single stock at a time, which is something that online traders do not have to worry about.
The aforementioned are some of the enticing facilities of online share trading. Sure you are already drooling over them. Then what is the wait for, go ahead and open the best demat and trading account for trading online.