
An Online Trading, refers to an act of buying and selling financial products like shares, mutual funds, bonds, options, futures etc. through a technology driven online trading platform. Since the past few years, online trading has continued to grow and gain huge popularity in India. With the enhancement in the nature and range of services being offered by online trading portals, these are surely catching the investor’s attention.
You might have heard of the benefits associated with opening an online trading account. But, did you know that online trading can actually help you save a lot of your hard earned money? Yes, that’s right! A major advantage of trading online is that it comes at a low cost thereby saving some of your money. But, how is it possible?
Let’s discuss how a person saves money using these online trading platforms in India.
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Also Read: Online Trading vs Offline Trading: 6 Key Differences to Know
Online Trading Platform: Save Your Money
1. Eliminates middlemen:
Online trading removes middlemen and you are allowed to buy/sell shares as per your convenience. It does not involve the direct participation of the stock broker. This not only saves the overall trading cost but simplifies the entire trading process. Having greater control on your investments gives the power of trading hassle-free.
You tend to become financially smarter and learn to take good investment decisions. While doing online trading and managing your finances, you better understand the market and look for better investing opportunities. You may end up making some good returns!
2. Low Brokerage Charges:
Online stock brokers charge a very low brokerage fee that is negligible as compared to traditional offline trading. The cost of maintenance of online sites is comparatively lesser than setting up offices with staff to support offline trading. This cost saving is passed on the customers in the form of low brokerage charges per trade.
In fact, the low brokerage charges is one of the key factors that influences the decision of opting a particular stock broker. Brokerage can be at a flat rate or percentage based, either way online trading outperforms offline trading.
The brokerage commission rates are usually lower when you opt for online stock brokers. So, you can compare different brokers and look out for a reputed and best stock broker charging nominal brokerage for your financial investments.
3. Low Transaction Fee:
Stock brokers charge a transaction fee for trades being executed at the stock exchange (BSE, NSE, and MCX). It is applicable on different trading segments which includes equities, commodities and currency derivatives. This comprises of Exchange turnover charges plus clearing charges. However, transaction charges vary from broker to broker and is based on volume of trade.
To some extent, opening an online trading account with a reliable stock broker leads to reduction in the total transaction cost. However, the fee may differ by exchange or for different trading segments.
4. Updated Information & Quicker earnings:
The servers of online trading sites are connected to stock exchanges that facilitate timely updates. The faster processing and easy transfers can lead to quicker earnings. The hi-tech and advanced interfaces of these online portals let you analyse the various aspects of how your money is performing. Buying or selling a stock is just few clicks away.
All you need to do is, firstly open an online demat and trading account with a reputed online stock broker. Get hold of your PC/ mobile and look for a good internet connection. You are all set to start your trading activities that too at your own comfort!
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Also Read: SINE – Our intelligent mobile trading app
Online Trading: A Final Verdict
Investing and trading in stocks is a very lucrative option. By opting for a secure and best trading account in India, you can have access to your online trading account from anywhere.
In online trading, lower cost doesn’t mean, you shall be denied any important and timely services. “Customer is the king” so this truly applies to the online trading world as well. In this cut-throat competition era, companies can’t afford to compromise on the quality of services they provide to their clients. So, low brokerage charges or lesser cost won’t affect your service in anyway.
Besides cost saving, features like convenience, control, transparency and speed of transactions are significant too.
You may find a variety of brokerage plans from a wide range of full service or discount brokers in India. No doubt, choosing the best stock broker with low brokerage charges is our primary concern. But, don’t forget to check its easy accessibility, unique highlights and competitive tools to suit your financial requirements.
Online trading, better known as a single platform to meet your diversified investment requirements. Are you planning to open an online trading account soon? If yes, you are just on the right way to saving your precious time and money too.
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