Online trading platforms have made investing in stocks, bonds, commodities, EFTs, etc. easier. They offer investors easy-to-open accounts for a fast and hassle-free trading experience every day. This has resulted in the increased popularity of such platforms.
However, the question is – should you rely on a web trading platform? Are all the web trading sites up to the mark?
Of course not! You need a trading platform that offers you simple yet effective UX (User Experience), charges minimum fees, has lower entry barriers, requires fewer system resources, serves you with real-time updates, and much more. Read this article to know more.
7 Features Of Web Trading Platform You Must Know
Let’s explore the top seven features of the best web trading platform that can help you make the right choice.
1] Customized Dashboard
The best online trading or web-based trading platform must have a customized user dashboard so that the traders can compile and see the needful data at a place in an appealing manner.
A user-friendly dashboard allows you to manage frequently required data such as balance history, portfolio, order activity, trade history, deals, and more at your convenience. It saves time and brings all the necessary trading movements with a click.
2] Advance Alerts System
The Alert system is the second feature you must look at while choosing the desired trading platform. The daily alert can enhance your trading experience by notifying you of market developments, changing stock prices, and much more.
This can help you to make better decisions and gain better profits with time.
3] Watchlist
The watchlist is the interface in the web trading platform where you can monitor the stocks in different criteria and analyze them to make a fruitful decision.
The interface is divided into different columns, such as high and low, market movers, etc. This helps you understand the market effectively and allows you to pick the best stocks based on recent performance.
4] Comprehensive Analytics
The comprehensive analytics features the analysis of current trades and the history of previous performances. These data are provided in the tradingview charts live and show the ongoing performance of the company and market.
You can easily monitor the data and make decisions for trading on an online trading platform.
5] Newsfeed
Newsfeed is another crucial feature you can see in the main menu of the online trading platform. It enables you to grab information about the changes taking place in the market. Not only about the market but also fetches full information about the company and its history and any event that can impact your investments.
6] Uninterrupted Transaction
An ideal web trading platform provides well-organized transaction activities between the buyers and the sellers. There must be an uninterrupted transaction between the two parties, and the user should easily access all the transaction history.
7] Impressive Customer Care Support
Including the above features, impressive customer care support must be available on your chosen web-based trading platform.
The platform must provide comprehensive customer care services to assist you in fixing any problem. Choose the platform that provides 24/7 services through various options like live chats, emails, video chats, and calls and provides an authentic solution within a reasonable period.
Conclusion
With the introduction of web trading platforms, the practice of buying and selling stocks has become super easy. You can easily grab the latest information on the latest changes in stocks, bonds, commodities, and other assets from the same platforms. These platforms also provide a market comparison and help analyze the asset you need to invest.
Overall, the best online trading platforms give you the freedom to understand the market and create new sources of income to increase your wealth.
