Online trading is the transaction of financial instruments through a digital-based platform. The instruments that qualify for trading online are international currencies, bonds, stocks, shares, futures, precious minerals and others.
Trading in itself used to be a cumbersome process that required the know-how of a broker, including placing an order, waiting for confirmation from the broker, the broker confirming shares price and which account to withdraw the money from, and so on.
Today, however, with the proliferation of the internet and the knowledge of Do-It-Yourself, many people have taken to trading online by themselves. Comments of platforms like reviewsbird.co.uk, however, show that a major challenge is identifying legitimate platforms, as the internet is a highly anonymous space where transactions are carried out with people one may never see in one’s lifetime.
To address this challenge, it is pertinent that anyone venturing into online trading must research the platforms very …