What Factors Should You Consider When Selecting A Trading Platform?


Trading platforms are software-based services provided by third-party companies to ensure smooth functioning for clients of the broker institution. They are offered either in laptop/desktop software form or in the mobile application form. Every broker has a unique trading platform for clients with an abundance of products and services offered for a superior trading experience.

Availability of pricing graphs, order book, high-low for the day, market cap and financial ratios like return on investment are certain reliable features of the trading platform.

Different brokers offer various attractive services through their trading platforms to ensure more investors and traders engage with the broker institution. On-time order execution is critical for any trading platform. Even seconds of delays or misplacing orders by the platform can create losses in lakhs of rupees for the clients.

A trading platform needs a demat account, trading account and a savings bank account of the client to be linked with each other. The demat account meaning is simply based on the word demat, which means a dematerialised form of shares’ accounts.

Based on their fundamental and technical research through the trading platform, broker institutions provide their clients with updated recommendations and notifications.

One can avail of the basic facilities or opt for research-driven and ultra-trading facilities with charges levied by the broker institutions. Guided research of available options and knowing their requirements or needs from the software/app is essential for an amateur trader before considering that particular trading platform.

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