Several folks have been asking the same question: Which is better, offline or online trading? The answer lies upon the trader itself. Since we have different opinions, it is better to assess ourselves to have a custom tailored-fit service.
Generally, stock market brokers usually offer both online and offline. While banks on the other hand mostly are offline trading. However, here’s a snapshot of comparisons that might be useful in the decision process.
Aspect | Offline Trading | Online Trading |
Service | Personalized service. There is a dedicated broker for every investor. | No dedicated broker. You act based on investment guides sent by broker. |
Flexibility/Ease of use | Strenuous. You need to contact your broker for every transaction you desire to make. | Easy and convenient. You can execute your trade immediately as you wish. No intervention of broker. |
Interface/Monitoring | No platform for “real time” stock prices updates. | Real time updates available. |
Start-up Investment | Offline trading usually suggests higher equities or start-up investment. It costs around P25,000 on average. | Lesser investment cost. COLFinancial has their Easy Investment Program. You can open an account for as low as P5,000. |
Maintenance Cost | Higher. Broker’s fees and communication fees. | Lower. Provided you have a computer with internet connection. |
In terms of convenience and investment capital, online trading is more favorable. You can access your account anytime and anywhere. You can even trade (buy or sell) anytime you want for as long as the market is active. This is what I like with online trading.
But if you want to have a broker going hand-in-hand with you, guiding you along the way, offline trading is perfect for you.
Your dedicated brokers may call you to give you some alerts about the recent updates in the stock market. They will even signal you when is the best time to long or to short. This is typical for investors who are busy enough that can't monitor their investments regularly.
Personally, I strongly recommend COLFinancial. Here's how to open a COLFinancial account. I would like to reiterate that I am not an associate or affiliate of this company.
I just strongly believe in their system and I never experienced any logs and site errors. What's better is, anyone can apply for an account. Yes, even foreigners can apply with or without any Philippine consanguinity. I've been using their platform for 8 months now and the experience so far, is positive.
But if you want to have a broker going hand-in-hand with you, guiding you along the way, offline trading is perfect for you.
Your dedicated brokers may call you to give you some alerts about the recent updates in the stock market. They will even signal you when is the best time to long or to short. This is typical for investors who are busy enough that can't monitor their investments regularly.
Personally, I strongly recommend COLFinancial. Here's how to open a COLFinancial account. I would like to reiterate that I am not an associate or affiliate of this company.
I just strongly believe in their system and I never experienced any logs and site errors. What's better is, anyone can apply for an account. Yes, even foreigners can apply with or without any Philippine consanguinity. I've been using their platform for 8 months now and the experience so far, is positive.
There are many offline and online stock market brokers in the country today. You may choose them according to the criteria given above.
But most of all, first and foremost, MAKE SURE it’s a legitimate one. It’s hard to invest your hard-earned money in a vehicle you don’t even know and trust. So make sure they are recognized and listed in government institutions.
But most of all, first and foremost, MAKE SURE it’s a legitimate one. It’s hard to invest your hard-earned money in a vehicle you don’t even know and trust. So make sure they are recognized and listed in government institutions.
Keep yourself updated on this blog for I will post legitimate stockbrokers which you can choose from. Thanks for reading my blog!
No comments:
Post a Comment