There is large variety of platforms available for trade are emerging in today’s world to help the traders to deal with the new market changes occurring in the trading market. From a large number of available stockbrokers, only some of them update their system to meet the new customers’ ever-changing demand. Some traders don’t know how to operate the system of trading, so proper written instructions are given in the manual i.e. to be followed by the traders so that they can develop themselves as the best one. Clients can compare the features and benefits of the different traders available in the market and select the trading platform.
Some of the important stocks option, equity, and commodity can join their roots with the help of different available platforms. The entire platform has separate unique characteristics which make each of them different from each other. Few of the important elements of the Right trading platform are:
- Fast and all-time enactment
- Advanced calculating abilities
- High-level security
- Easy and simple to operate
- diversification of transactions
- New and advanced technological features
- Backtesting
- Charting tools
Your merits can turn into demerits if the platform that you are working on is not compatible. Just because of this single reason your profits can convert into losses in just a time. The different categories of criteria selection are:
- RELIABILITY: This is the factor that is taken into account for finding the best platform, it is very important for a platform is to be reliable for investment.
- LICENSING: Several laws offer different licenses to carry out the trading process. Licenses are meant for the authorities so that they can keep a complete check on the withdrawal or depository transactions.
- Charges or fee: The fees that platform charges will also a part of the criteria to find out the BEST TRADING PLATFORM for traders. Charging high or low range of fees will affect the decision of people thereon.
- Ease of use: when the trader is not aware of how to use the platform they can’t earn anything from that. So it should be easy and simple to use by the clients, it must be user-friendly.
- Margin: the leverage and the margin charge is also taken to account, even if this minor factor that could affect the decision but yet to be taken care of.
PROP PLATFORMS OR COMMERCIAL PLATFORMS:
- Prop Platform: these are developed by the trade brokers.
- Commercial Platform: these platforms are developed by the companies specialized in this field.
There are many online best trading platforms in India, as some of them are WISDOM CAPITAL, ZERODHA PI, UPSTOX, ITT (India infoline trader terminal). There are large numbers of platforms available in India, choosing the best one taking into consideration all the factors and criteria is the most important thing, everyone is serving unique features but choosing the best platform as per our own need is important.
