As with anything in life, there are advantages and disadvantages to everything.  In the case of online stock trading, however, the benefits far outweigh the drawbacks.  It is also not surprising that in today’s technologically advanced world, the advantages of online trading dramatically outnumber the advantages of trading with a live stockbroker.  But don’t let us make the decision for you- consider these advantages to online stock trading:

1. Lower commissions
2. Faster responses, which means more accurate pricing
3. Entirely independent decision-making
4. (Generally) no minimum buy/sell requirements
5. Low capital requirements, as compared with stock brokers who often have high minimums
6. No geographical limitations associated with a  brick-and-mortar stock brokerage
7. Online trading can be done from anywhere with internet access
8. Online stock trading tools and resources can help you make informed investments
9. The ability to keep track of your trading tax requirements online
10. Expert customer service to answer your investing questions

There’s no question that online trading is extremely efficient.  However, it may not be ideal for everyone.  If you’re new to stock trading or nervous about making your own decisions, you may want to begin with a personal stock trader who can explain your options comprehensively.  Likewise, those who want to try online trading should be aware that even though there are lower commissions, there may be other hidden costs associated with online trading, such as monthly fees for software usage.  Despite these disadvantages, there is no question that online stock trading offers a world of possibilities for those looking to invest their money independently.