Online Trading or Use A Broker?

Which ways are you prefer when enter a stock trading? I shall go through some advantage and disadvantages of these 2 options.

Online Trading

Advantages

-         Speed and Time Saving

-         Pay lower brokerage fee (Maybank /CIMB only RM 8- RM 8.88 per transaction)

-         Allow enter the trade orders at night

Disadvantages

-         Easy to make mistake when enter trade orders

-         Network Connection / Server Down

Use A Broker

Advantages

-         Opinions / Advice on what to buy and sell

Disadvantages

-         Advice given not guarantee for good return

-         Time waiting may causes you loose on profit

-         Pay less attention on your account when handle too many accounts

-         Pay Higher brokerage fee compare to online trading

Whether you are choosing the online trading or broker, you should also do your own research on the particular stocks and pay attention to related market news. For me, I will using both ways, when I am not convenient to do online trading, I will use broker to enter the trade orders. I would prefer to use online trading when a large amount transaction or frequent transactions has been carrying out.

Check out below websites if you would like to look into online trading.

-         CIMB Securities Sdn Bhd – www.itradecimb.com

-         K&N Kenanga Berhad – www.kenwealth.com

-         Mayban Securities – www.maybank2u.com.my

-         OSK Securities Bhd – www.oskl88.com

-         SJ Securities Sdn Bhd – www.sjsec.com