There are many advantages of online trading and few that might have been heard by you and quite possibly known to many people are mentioned below.
Online trading is cheaper
The broker can deal with thousands of customer requests by utilizing one server computer, which is much cheaper than employing banks of telephone operators. These cost savings are passed on to the investor, and the savings can be significant.
Online trading offers round the clock accessibility
The online broker is available round the clock, seven days a week. It isn’t possible to deal at all times – the London stock markets are open from 8am to 4:30pm Monday to Friday – but you can check your account and leave instructions to be executed once the market is open. Also, the process of dealing while the market is open is much easier.
No queuing, no hanging on the telephone.
Occasionally the brokers’ server computers can become overloaded at peak times, so access to one’s account isn’t guaranteed 100% of the time, but brokers are devoting more and more resources to keep this problem to a minimum. (It is always possible to use the telephone as an emergency backup.)