A review of online trading platforms


If you have never heard of the term online trading platforms or if you are new to the subject of investments you might be wondering what exactly online trading platforms are. Well to start with online trading platforms are a tool that is used in the investment market. Basically what online trading platforms are is a place that you can go online to trade certain investments, some online trading platforms allow you to trade stocks, mutual funds, and a variety of other investments, but some online trading platforms restrict what you can trade online because they are not equipped to deal with certain investments.

Here is a review of some of the online trading platforms.


ScotttradeELITE:
 Can be found at www.scottrade.com
 Customize your platform - has a layout manager that allows you to save an unlimited number of custom made layouts
 Find opportunities - you can use the top performers scanner to find the most actives, net gainers, net losers, percent gainers and percent losers on 14 different exchanges
 Research the market - you can choose from over 100 different technical and fundamental data fields which will allow you to create your own personalized symbol grid. It also allows you to research equities, options and mutual funds
 Manage your account - you can monitor and trade all of your accounts from one screen because this feature comes with an account linking feature.
 Trade-Ideas - offers you a chance to find opportunities based on your trading preferences, the opportunities are offered in real time
 NASDAQ level II quotes - get best bid and ask prices for all of NASDAQ market participants
 NASDAQ TotalView - provides the fastest data feed available so that you can view every quote and order at every price level in the NASDAQ market center.

Martketforex:
 Can be found at www.marketforex.net
 Is focused on currency trading and is easily accessible to all who are interested in investing in Forex
 Real-Time quotes - updated quotes are available every second and the user has the option of keeping a check on their positions in real time 24 hours a day which allows the user to make decisions based on current information
 Leverage - MarketForex offers a high leverage 100:1, which gives the user more buying power than what they would normally have because it increases your total return on investment. But the leverage can actually go up to 400:1
 Instant deposit - you can use your credit card or paypal account to finance your account and start trading immediately and your personal information is protected. And you can open an account with as little as $25.
 Personal account management - there is always somebody available for the users to get help; representatives are available by phone, email or online chat 24 hours a day seven days a week. You will also have an Account Service Manager that will be appointed to work closely with you.
 No hidden fees or costs - meaning that they do not charge a commission on any of the deals that you make. They instead make their profits on the bid/ask spreads embedded in the currency rates
 Interest - you can also earn rollover interest
 Free practice accounts - this is a great feature in case you are new to the currency trading market. It allows you to practice without losing money.

Just keep in mind that there are plenty of online trading platforms available for you to choose from, these are just two of the more popular trading platforms for trading stocks and currency online.

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