If you are trying to invest in the Netherlands, by now you must be aware of how difficult it can be to locate a reputable online trading platform. The amount of available data you get about online trading platforms can be daunting especially to foreign investors.
To cut through the misinformation and get a concise solution about whom you could perhaps open your investment portfolio with, you should do intensive research and test several online trading platforms. Pay close attention to both international and local Dutch brokerage firms during your investigation.
One of the brokerage firms that stand out from the rest is Saxo Bank. The local based financial institution has some of the best trading platforms-SaxoTraderGO and SaxoTraderPRO that offer both international and resident investors with many opportunities to make their trading easy and profitable. Moreover, it has branches in many parts of world and is a leader in offering several trading options besides stocks.
The specific features to look for in a stock trading platform are as follows.
Ease of Use
The ease with which you can do anything is critical and trading stocks is no exception. A clumsy trading platform that causes you to mess it up while you are in the middle of a trading activity with thousands of dollars on the line is the last possible option you wish for when you are in the thick of things.
Settle for an online trading platform with insightful, simple interface coupled with rigorous back-ends, and equipped to handle all the operations you want to execute. The platform you choose should make it easy to sign up and start trading immediately without going through too many loops.
Low or Zero Fees
The other factor to consider is the amount of fees you need to pay before you start trading. If you are new into the game, look for a trading platform with low or zero trading fees. Zero or low commissions are especially important for day traders, as bid-ask spreads can already eat up a significant portion of the profits.
A zero-commission trade is one in which the broker does not charge any fees for the execution of the trading activities. A Saxo broker is a good place to start if you are looking for a low fee-trading platform. In some cases, you may be required to pay third-party fees, such as those associated with mutual fund transactions or those associated with option contracts.
The advent of zero-commission stock trading is unquestionably a boon for investors, particularly those who are just starting out with small sums of money. For starters, this makes it possible to purchase small amounts of a single stock, even as little as one share at a time.
Speed
Stock trading prices are time sensitive. You should pick a platform that will not cause you any delays. They should be fast enough to make transaction and close stock positions in a single day of trading. The aim is to make profit in the shortest time possible.
Customer Support
Just like every other business, you need to look for a trading platform with excellent customer support, the online platform should provide the investor with a wide range of trading tools, several trading strategies, and enough educational materials to make their trading easy.
Regulated
Trading platforms should have all the regulations and licenses needed to carry out investment transactions the regulating bodies in the Netherlands is the Dutch AFM-(Authority for Financial Markets). They should also have permits under other EU derivatives.
Customer Reviews
What other traders say about the trading platform of your choice should be a factor to consider before jumping in. if you do not get anyone to tell you physically about the platform, read online reviews.
Wrapping Up
Most investment platforms offer similar benefits but there is always that one that will capture your heart. Choose the platform that best helps you stay on track and identify progress towards your financial goals. Choose a trading platform with an easy signup process, and one without any hidden commissions and fees.
