TheBestCompanys.com analyzes how consumers feel about online stock trading
San Francisco, CA -- (SBWIRE) -- 02/24/2015 -- Online stock trading continues to garner more and more attention. Today's younger generations are increasingly turning to the convenience of online trading as opposed to the traditional brick and mortar local broker's office.
"We wanted to know what people thought of online stock trading and if investors preferred to trade stocks online or in person with a broker," TheBestCompany's (TBC) Bryce Morgan said. "We were surprised by the results as the majority still prefer to meet their stock broker in person to buy and sell stocks and mutual funds."
Those looking to date were asked the following questions: "Do you buy stocks/mutual funds online?" and "Would you prefer to buy stocks/mutual funds online or in person with a broker?"
Our findings indicate that the great majority do not currently buy stocks/mutual funds online or have plan to in the future. Only 8.1% of all respondents said that they buy stocks/mutual funds online. The number of those that plan to buy stocks online increased with lower age brackets. Among those of the age 18-24, 16.2% plan to buy stocks/mutual funds online in the future, while only 3.1% of the age 55-64 said the same thing.
Most surprising of all is that respondents prefer to buy stocks/mutual funds in person with a broker over online. When asked if they prefer to buy stocks online or in person with a broker, 55.6% said they are not interested in stocks/mutual funds, 23.7% prefer to trade with a broker in person, and 20.7% prefer buying online. The only age group that prefers online to in person brokers is the 25-34 year olds.
TBC has reviewed the following online dating platforms to help give dating hopefuls a transparent look into each company: TradeKing, E*Trade, Scottrade, Sharebuilder, Betterment, Charles Schwab, Fidelity, OptionsHouse, TD Ameritrade, Loyal3, Merrill Edge, tradeMONSTER, Tradestation, and Lightspeed Trading.
TBC believes in the the customer and real customer reviews because honest reviews put the customers' needs first. Customers should feel confident in decisions they make when choosing a online trading platform.
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