In the past decade, online share and stock trading have become an important phenomenon in the global financial market. Unlike traditional forms of trading, in online trading, traders make the decisions themselves without the involvement of any broker. A broker is a mediator or adviser who supposed to give first-hand knowledge about the current market scenario. However, regardless of the presence of a broker, stock market investments are always subjected to market risks. This perhaps one of the reasons why online trading platforms have become so popular and still continues to grow. According to Statista, in the United States itself, more than 14 million households are involved with online trading. In this article, we are going to discuss the benefits of using such online platforms. We also discuss some of the biggest online platforms where South African investors can make their investment.
The Benefits of Online Trading
Some of the benefits of online trading are – lower fees, more control over assets, no chance of brokers bias, availability of a number of online tools and option to monitor invested assets in real-time. The low transaction cost is often regarded as the best advantage of online trading. According to Bloomberg, the fees for selling stock and exchanging funds on these online platforms can be as low as $5 to $10. Time is money; online investors have more control over their invested assets compared to traditional stock exchanges.
They normally require appointments or phone call even to initiate a trade. Also, the assigned brokers can have their personal biases, which is not absolutely helpful for the investor. If you are looking forward to explore the world of online trading, then www.trustedbrokerz.com is a well-known unbiased resource that can help you to make your first investment. Online investors have access to a number of online trading tools that help investors with real-time information regarding their investments.
The Most Well-Known Trading Platforms in South Africa
Online trading has gained popularity in South Africa recently. The country is home to some of the leading and award-winning trading platforms in the world. Following are the leading trading platforms in South Africa –
eToro is the leading online trading platforming South Africa with a number of international awards. It offers copy trading that allows first-time investors to analyse the investments of other top traders. It also allows traders from all over the world to interact and connect with each other.
AvaTrade is another well-known trading platform in South Africa. They have developed a range of trading platforms with specific purposes. Investors also get the option to choose from the top fifty currencies to make their investments with. Investors can use this platform to trade in Forex, CFDs as well as cryptocurrencies.
This trading platform is particularly popular among the CFS brokers in South Africa. It is a state-of-the-art trading platform with access to a great selection of assets. It is licensed to offer forex trading in Africa, Europe and South America. Plus500 was one of the first platforms to offer Bitcoin trading in South Africa.
Some of the other leading online trading platforms in South Africa are – IG Markets, Markets.com etc.