Connect with us

Hi, what are you looking for?

Top Stories

Economy

Neobroker – Why trading platforms like nextmarkets are so successful

Trading apps are in vogue, young investors want simple, fast, and secure ways to invest their money.

Many FinTech’s have picked up on the needs of this target group and developed special trading apps. The trading platform nextmarkets is one of these developments. Where is the benefit for those who make use of this technological innovation?

Using trading apps to build up wealth and provide for retirement

The extremely low-interest rate level for returns from financial investments for years now means that you hardly get any interest for money in a savings book or a call money account. This is no way to build up assets in the long term. For this reason, more and more young people are turning to the stock market, because the returns that can be achieved there are quite attractive.

Many private investors are trying to build up assets by trading in shares, ETFs, or other financial products for retirement provision, as a financial cushion for large purchases, or simply as a hedge. This works very easily with the trading apps available on the market because registration is easy, there is little bureaucracy, and operation via smartphone proves to be straightforward.

Great benefit lies in mobility

Our world is becoming increasingly fast-paced and mobile, with people constantly on the move. This fact gives rise to people’s desire to remain accessible and able to act wherever they are, including in matters of money. Smartphones and Wi-Fi make this possible.

The nextmarkets app, for example, can be conveniently downloaded to a cell phone or tablet PC and operated on the go. In this way, users can trade on the stock exchanges from anywhere in the world at any time and invest their money in around 7,000 shares, 1,000 ETFs, and other products.

Usability and functionality

For the Internet-savvy generation, so-called usability or user-friendliness is also a usage criterion. That is why most trading platforms are optimized for mobile devices or have even been designed as native apps. Young design, appealing graphics as well as high functionality are desired and are delivered, admittedly indifferent good variants, by the trading platforms. Useful features such as push messages, limit monitoring, or Wi-Fi confirmation are standard for many apps.

The strengths of the platforms also include a high-security standard of the mobile apps. Logging in or approving trades is done via Face-ID or finger scan, PIN or TAN are a thing of the past. In addition, a device lock, in which the securities account and smartphone are linked, provides even more security.

Trading on a small or large scale

The trading platforms on the market are primarily intended to allow small investors to get started in stock market trading. However, institutional investors are also welcome. A major advantage of most apps is that customers can invest small sums of money there, starting from as little as 10 euros, which is particularly useful for young private investors who want to build up a fortune in the long term despite low financial resources.

In combination with the very simple handling, however, the inexperienced investor may run the risk of making a large number of trades in a short time. As a result, it is easy to lose track of the purchases or sales made and the funds available. In addition, many small amounts can also add up to a large sum in the end. The problem is often the lack of financial education.

Knowledge transfer as a special feature

Each of the trading platforms is characterized by certain unique selling points. At nextmarkets, for example, the customer has the opportunity to access around 200 free analyses from stock market experts every month and thus acquire specialist knowledge. Customers here, therefore, have the chance to invest their money in the company of competent coaches. The more comprehensive his knowledge of stock market mechanisms, individual financial products, or existing risks, the more competent and also faster he can act or react to events.

Low costs for trading

In contrast to traditional brokers or financial institutions with a custody account, the new trading platforms offer their services to their customers at very low or eliminated costs. At nextmarkets, for example, there are neither custody account costs nor order fees. There are also no ancillary costs due to rights trading or dividend payments. Some platforms charge third-party fees, conversion, spread, or withdrawal fees.

Important note: Unfortunately, the term “negative interest” has now also reached trading platforms. Meanwhile, some app providers charge such interest for uninvested money. Here, as a potential customer, you should pay attention to whether such a “custody fee” is charged.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Economy

Forbes 30-under-30 alumnus goes head-to-head with Amazon with smartphone-based retail checkout solution In 2015, MishiPay CEO Mustafa Khanwala waited 20 minutes in a...

Editor's Pick

PHILSTAR/MIGUEL DE GUZMAN Singapore — India, South Korea, and Thailand faced mounting coronavirus infections on Thursday, undermining...

Economy

Debenhams is to reopen 97 of its high street stores on Monday for a closing down sale to clear stock before they finally shut...

Economy

Facebook has not notified the more-than 530m users whose details were exposed on a hacker forum in 2019 and has no plans to do...

Disclaimer: SecretsOfRichDads.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 Secrets Of Richdads. All Rights Reserved.

    Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!