Once you have decided to get into the mighty world of online trading, the next step is to decide which trading platform to choose. Even though there are numerous online trading platforms available, the best online trading platforms are the ones that use MT 4 or Meta Trader 4.
But why did you decided to shift to online trading platform from traditional trading? Is there any real benefit of shifting to online trading platform? Let’s look at the benefits offered by online trading platforms.
7 Benefits of Using Professional Online Trading Platforms over Broker Trading
- Makes Your Trading Easier:The main advantage of an professional online trading platform is that it allows you to concentrate on trading rather than worry about anything else. When you trade with brokers, you have to wait for them and look at their availability. But when working on an online trading platform,you can concentrate on buying and selling shares according your preference and convenience.
- Can Have Different Types of Accounts:Online trading platforms are always designed to satisfy every trader’s needs. The option to open different types of accounts is one such exciting feature that online trading platform offers. Depending upon yourpreference, you can choose your account type.
- Faster Platform:A good online trading platform uses the best available technology to make sure you always get to see the latest and updated price of shares. When you do trading with a broker, there is always a risk oflosing money as you will not be having access to the latest price quotes. When trading with anonline trading platform that uses Meta Trader 4, the updated price is always at your finger tips to make sure to buy and sell correctly.
- Easy Withdrawal: Getting your money back is always difficult when you are trading with a broker as they will be managing your account on your behalf. But when you are trading with an online platform, you can withdraw your money whenever you wish. That’s if you wish to withdraw your amount, you just need to inform your online trading platform and they will process your request in a few business days and transfer money to your bank account. Companies likeVortex Assetsshould offer a good withdrawal policies.
- Highly Secure: When you are trading with the help of a broker, your broker is always aware of what you are doing and how much money you are investing in shares. There is no privacy. But, when you trade on an online trading portal, only you know how much you are investing and earning. Every transaction of yours is highly secured and all the details of your account remain confidential, secureand are completely protected from others. Vortex AssetsusesMeta Trader 4 online trading platform that make sure all your online transactions are 100% encrypted and your funds remain safe and secure and is unknown to others.
- Demo Account:If you are a new trader and know nothing much about the trading industry, then, getting the help of a broker is not wise as you may end up losing all your hard earned money as the broker may cheat you or fool you. But, when you join hands with an online trading platform, you get enough support from the team. You can register for a demo online trading account that allows new traders to learn the tricks of trading and make be comfortable with it before actually investing your money. You can also get useful demos and help from the technical expert team in your journey towards becoming an expert online trader.
- Help:You don’t know when and where you will need expert help. By tying up with an online trading company you get 24/7 help.All companies like Vortex Assetsshould provide their traders world class 24/7 customer support service.
If you confused whether to continue your trading with the help of a broker or to move to an online platform, the above given benefits will surely help you take a better decision.