The online trading platform market witnessed widespread growth in 2020, and analysts predict the market to grow at a CAGR of 5.1% during the forecast period 2021-2028. Online trading platforms are powerful tools that give traders greater control over their finances, and recent trends such as advanced charting tools, user customization, and low latency trading solutions have propelled the trading market online to new heights. The ability to trade multiple instruments like stocks and commodities from the same platform has also increased market value.
It all depends on the number of trading options
In particular, Contracts for Difference (CFD) trading has helped the online trading industry grow for the reasons mentioned above. With CFD trading platforms, users have access to fast-executed trades and customization, where they can decide whether to trade in rising or falling markets. Users can access these markets outside of traditional trading hours; CFD trading also allows individuals to execute trades in a range of instruments from their phone, desktop or tablet. For example, individuals can buy amazon stock on platforms like Skilling, a trading platform that offers 24/5 trading and access to fractional stocks, while simultaneously trading indices, commodities and cryptocurrencies on the platform. As a global brand, Amazon has a massive online presence, and that’s not expected to change any time soon.
Mobile devices are beating desktop computers
The transition from desktop trading to mobile trading is also one of the reasons why e-commerce markett reached around $8 billion in 2021 and is expected to reach $12 billion by 2028. Embedded trading platforms on smartphones have led to greater financial freedom, and the increased penetration of mobile phones in the developing world has allowed it to see improvements in its financial sector. For example, smartphone shipments to Africa increased by around 13% in the second quarter of 2021, bringing the total number of devices on the continent to over 20 million. It is for these reasons that sub-Saharan Africa mobile money market has been one of the fastest growing industries in the world for the past ten years.
The history of financial trading is fascinating. The origins of the stock market date back to 1602 when the Dutch East India Company listed company shares on the Amsterdam Stock Exchange to become the world’s first publicly traded company. As for e-commerce, its history is still relatively new, with the first electronic stock exchange, the Nasdaq Exchange, only hitting the market in the 1970s, followed by platforms like Globex in 1992. Since then, however, the e-commerce growth has been significant and many new branches have formed, including mobile commerce.
Features like user customization and advanced charting tools have made financial trading easier for beginners and experts alike. The introduction of mobile CFD trading platforms has also allowed the online trading market to see impressive numbers in recent years. That’s not altogether surprising, however, given that we live in a society that values freedom, choice, and the ability to do anything from anywhere, anytime. Mobile CFD trading meets all these needs; that is why we see its influence not only in the developed world, but also in developing countries, such as Nigeria and Kenya.