What is Online Trading?
Online trading is is the correspondent of the normal financial trading but done online through online brokers. More and more people are making money online and a good way to leave your day to day job is by getting a consistent income by trading stocks, currencies and many other financial instruments online. Trading online tough carry lots of risks and you need to be patient and go through all the educational steps in order to become a successful trader. In this page we give you some suggestions if you are thinking to expand your betting activities into trading.
How I can find the best online broker?
There are lots of providers out there that allow you to trade online. Similarly to bookmakers there are good and bad and it is important that you pick the right one to avoid huge disappointments. The fact that there is a lot of competition it is good however as the commissions that those brokers charge to let you trade online are smallers and in most cases you only pay for the trades that you do and you won’t be charged a fix amount.
What are the most important things to look out when picking an online broker?
One of the most important things that you should consider when choosing an online brokers are as follow:
- Regulation – the broker should be fully regulated by the financial authorities. It is best if the broker is regulated in the UK by the Financial Conduct Authority (FCA) although there are very good and reputable companies also in Cyprus and Australia
- Clients Funds Segregates – Clients funds should be fully segregated so that if the online broker will go bankrupt you will not risks the funds that you have deposited with them. This is standard in the industry so if you find an online brokers that do not do that, you have to stay away
- Compare the tools, features and fees – Picking an online broker is also very subjective. There isn’t a one solution fits all so you have to open some demo accounts and find out the broker that best fits your trading style. You can also read reviews of trading experts in websites like TopTradingPlatforms.co.uk that have analysed all the best brokers out there and scored them based on top criteria.
*Your capitals are at risk