6 Features the Best Trading Platforms Offer

For decades, people would go to a broker to purchase financial instruments. Before the advent of the internet, you only had one option for trading. You would have to visit a broker’s physical location, provide them with the investment capital, and purchase your preferred financial instrument.

However, things have significantly evolved since those days. Thanks to the internet, you can now purchase nearly anything online. That includes financial instruments. Statistics show the global online trading market is worth approximately $8.2 billion. You might look at these figures and shrug, arguing that they don’t mean much. While you wouldn’t be incorrect in your assumption, you’ve got to look at the broader picture here. Experts forecast that the global online trading market will continue to grow exponentially. Research estimates the global online trading market to be growing at a compound annual growth rate of 5.1 percent annually.

Today, you can trade numerous financial instruments online, including commodities, stocks, indices, cryptocurrencies, forex, and more. According to statistics, nearly 14 million online forex traders exist. If you were to include traders who trade other instruments, the number would increase substantially.

Now that you’ve learned about online trading, you might be feeling the itch to try your hand at it. If that’s indeed the case, you’ll want to start by choosing an online trading platform. Perform a quick Google search, and you’ll see hundreds, if not thousands, of online trading platforms beckoning you to register. However, like all things in life, not all online trading platforms are equal. As a result, you’ll want to ensure you select the right trading platform for your online trading activities. After all, you’re going to be providing them with your personal information and money. However, if you’re new to online trading, you’ll likely not be aware of all the features that the best online trading platforms offer. Let’s walk through the features you want your online broker to provide when you sign up with them.

a trading platform

Features the Best Trading Platforms Offer

Here are some features that separate the best trading platforms from the rest. They include:

User-Friendly Interface

In today’s day and age, the importance of having a user-friendly interface can’t be overstated. Most online traders aren’t necessarily tech-savvy. Hence, they don’t want a complicated interface that takes time to learn. Instead, they’re seeking a platform that enables them to perform the core functions they desire as simply as possible. For instance, if you’re a trader, you’ll want to place orders and close trades. If you’ve got to go through several pages and bear clunky web design, you’ll be less willing to use that platform again for trading.

Therefore, when you’re searching for a platform, make sure it’s easy to use. Navigation features should be straightforward, enabling you to understand them within minutes. Likewise, you’ll want to ensure that your online trading platform provides one-click trading features and stop-loss management options.

Online trader

Reliability

Many online trading platforms today are entirely web-based. However, in some instances, you’ll find traders who still prefer installing desktop applications on their computers. Before you choose a trading platform, make sure to assess your device’s software and hardware specifications. Ensure that your device can run the trading platform you want without any glitches. If your trading platform crashes while you’re trading, you’ll likely be infuriated. Hence, you must ensure that you choose a platform you can use without any hassles. In addition, it would serve you well to remember that time is of the essence when you’re trading. If your trading platform lags on your device, you might miss out on capitalizing on excellent trading opportunities.

Security

Given that you’ll be trusting an online trading platform with your private information and money, you’ll want to ensure that the platform emphasizes security. Consider checking the licensing and terms and conditions of the platform before you trade. Reliable online trading platforms have authorization from a financial authority that enables them to conduct their operations. Refrain from using unregulated platforms.

Automated Trading

Whether you’re trading stocks, forex, indices, or cryptocurrency, you’ll want to ensure you aren’t lagging behind the market. Given that artificial intelligence seems to be quickly taking over financial markets, you’ll want to level the playing field by utilizing automated trading. However, before you sign up with an online trading platform, ensure that they offer automated trading features. Depending on the platform you select, you’ll either have pre-written algorithms that you can use or the ability to create new algorithms yourself. Regardless, automated trading is crucial in today’s world. It doesn’t matter if you’re a day trader, swing trader, or position trader; you may wantthe assistance of an automated trading program to improve your trading profitability, at some point.

TAverage Trading Fees

If you’re signing up with an online trading platform, you’ll want to be wary of the fees they charge you. Trading charges vary between platforms.

They also vary depending on the financial instruments you’re trading. Therefore, select a platform that’s suitable for your preferred financial instruments and ensure they aren’t charging you exorbitant trading fees.

Diversity

Many online trading platforms usually focus on one or two instruments. Therefore, they’ll only allow you to trade these instruments. For instance, a trading platform might only support trading forex and gold. If you wished to trade cryptocurrency, you would have to find another online platform that supports crypto trading. Doing so not only takes up your time but also costs you money. If you’re trading different instruments through separate platforms, you’re going to have to pay more commissions and trading fees. Hence, you’ll want to select a platform that supports multiple financial instruments. Otherwise, you may end up limiting your options severely.

A financial graph

Trade with Crystal Ball Markets – The Best Online Trading Platform

In addition to all the above mentioned features. Crystal Ball Markets also has additional features that make it an excellent option. For starters, Crystal Ball Markets caters to traders and investors of all skill levels. They offer free trading guides to help beginners. In addition, their cutting-edge trading platform (Mobius Trader 7, available on all computer and mobile devices ) offers lightning speed trade execution, with zero slippage, which gives your trading strategies, a better chance at profitability.

If you’re seeking the best broker or trading platform online, Crystal Ball Markets is your best bet. Visit their website for more information. Alternatively, register with them today to get started.

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