Trading platforms are online platforms that help traders trade and invest in the stock market. Through these platforms, you get help in trading in stocks, mutual funds, bonds and forex.
There are also many types of broker systems available for trading on trading platforms, which make your work very easy.
Online Brokers:
These are the platforms where you can buy and sell stocks, mutual funds or any other financial products yourself. These services are available online, for this you do not need direct contact with any brokerage agent.
Companies like Zerodha and Upstox are working as online brokers in the market.
Full Service Brokers:
Full service brokers provide all the facilities related to investment and trading to investors. In this, all things related to investment advice, portfolio management, research reports and financial plans are handled by brokers. They also have customer support, which helps investors in taking financial decisions. The charges of these brokers are slightly higher because they provide many services simultaneously.
Discount Brokers:
The job of discount brokers is to provide trading platforms only. They do not provide investment related advice and other services. This is the reason why their fees are also low because they only make the work of buying and selling easy for you. This platform proves to be good for those investors who can do the work of research themselves. For this, platforms like Zerodha and 5Paisa are available.
Direct Market Access (DMA):
It helps investors and traders to reach the market directly. So that they can place orders quickly and at the right time.
In DMA, investors can place orders directly in the stock exchange, this gives them high speed and better trading facilities.
With the help of different types of broker systems, you can improve your investing and trading work and earn good profits.
