cramerjohn004
194 posts
Jun 24, 2023
3:29 AM
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However, there are a few disadvantages of relying on an online broker company. Of course, online security and technological faults are always a continued threat. Moreover, online broker can not provide you the personal service that the traditional brokers provide to their customers. In your stock trading career, your traditional brokers are considered as your best friend, but in the case of online Futu Securities brokerage, you are again alone in this highly competitive and risky business. In case of online stock trading, the firms provide an online trading platform to the traders and they have to take a call on their investment decision themselves. However, a traditional broker could add his inputs and suggest you better deals for your investment decision.
Online stock trading is convenient and online broker firms do provide a complete set of online trading tools to the traders and investors. However, for a novice trader, such tools are a complete waste and only a floor broker could help him at this stage.
What are the different types broker firm? -
To understand the types of firms, we can categorize them in two types -
a)Full service brokerage firms
b)Discount service brokerage firms
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