This article will detail the plethora of online trading platforms that are out there and some of the potential uses that end-users and consumers can get out of them. After reading this article the reader will have a better understanding of how to make the best use of online trading platforms.
For a new investor or trader, the large number of online trading in South Africa and their uses can be very intimidating. There are dozens of companies that offer their services, each one claiming that they have better trade execution times or better features packages than the rest of the sector.
Meanwhile, many firms have come out with web trading which they claim is equivalent to proprietary trading and more convenient at the same time. However, try not to believe all the marketing hype, most online trading platforms are good enough for the vast majority of investors.
Here are some possible uses that you might find for an OT platform:
Access to other news feeds and investor information resources. This is probably the biggest advantage of using an OT platform as opposed to a web trading platform. Since large brokers can afford to trade deals with large business news firms, OT platforms have access to a better news feed than the average investor can access.
More stability. Large trading firms have dramatically increased stability in OT platforms. Online trading platforms have an uptime of 99.9% or better, regardless of how stable your computer is. This is in contrast to web browsers that are susceptible to crashes, slowdowns, and lags.