What Does E-Brokerage Mean?
E-brokerage allows users to buy and sell stocks electronically and obtain information with the help of a website. Almost all e-brokerage houses have simple sign-up and provide users the ability to make them their own financial manager. With the advent of widespread Internet connectivity and smart devices, e-brokerage has seen significant growth.
Techopedia Explains E-Brokerage
Two big factors have helped in the growth of e-brokerage, namely Internet access and lower prices. The Internet has allowed users to have ready access to raw data. E-brokerage is capable of offering lower prices than traditional brokerage techniques, as the need for brokers or financial advisers are eliminated in the case of e-brokerage. To attract more customers and retain existing users, most e-brokerage firms provide a number of tools, technical indicators which give real-time information and help in research and decision making.
