We live in a new digital era and an increasing proportion of the worlds stock trading is being done online. Sophisticated technology means that someone in London can buy a NYSE stock within a minute with a few simple clicks of the mouse.

While there are some situations that may make having an offline broker advantageous, here are the primary benefits that come with having an online stock broking account:

It’s Far Cheaper To Trade Stocks Online – When a customer has a phone line and executes a trade via a live broker, it costs the company a lot of money to pay the brokers wages and have a physical location for that broker to operate from. When the same trade is done online, it’s an automated process handled by a system. This is far cheaper for the company allowing it to reduce the price it charges for execution only trade. » Read more: Should You Choose An Online Broker Or An Offline One?