A lot of individual buys or loan assets for specific purposes. For this reason, financial institutions have critical roles in the professional industry as they are the ones who process financial factors. Since manual methods can be insufficient nowadays, you might need stock brokerage software. Continue reading below for more. 

Stock Brokerage Software

10+ Best Stock Brokerage Software

1. HyperStock

hyperstock

Details

Rating: 3.5/5

Price: $269/Year

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2. MProfit

mprofit

Details

Rating: 4.8/5

Price: FREE

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3. SAG Investor

sag investor

Details

Rating: 3/5

Price: $415/Year

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4. Tradesocio

tradesocio

Details

Rating: 3/5

Price: Custom

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5. PHI 1

phi 1

Details

Rating: 5/5

Price: $9.22/Month

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6. Merril EDGE

merril edge

Details

Rating: 4.5/5

Price: $29/Year

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7. ETRADE

etrade

Details

Rating: 4.5/5

Price: $6/Month

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8. Firstrade

firstrade

Details

Rating: 4.3/5

Price: $19/Month

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9. eSignal

esignal

Details

Rating: 5/5

Price: $48/Month

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10. Robinhood

robinhood

Details

Rating: 3.9/5

Price: $13/Month

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11. TurnKey

turnkey

Details

Rating: 4.5/5

Price: $1497/Year

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What is Stock Brokerage Software?

Managing and evaluating finances, expenses, taxes, etc., can be challenging, especially with manual processes. Traditional methods can not be enough to meet your daily business operations. It is time-consuming, is a lot of work, and is prone to error. Experts developed stock brokerage software enabling multiple advanced features and functionalities, allowing you to perform several tasks within a single platform. It delivers accurate data analytics, a comprehensive dashboard, innovative collaboration tools, notifying features, cloud file storage, etc. With these components, you can guarantee to improve operational efficiency and productivity. 

Benefits

As we all know, old methods have several hindering results as it does not present advancements like what technology can give. Using stock brokerage software offers multiple benefits and advantages. Since it automates processes, it allows you to save more time, lessen work errors, ensure quality assurance and deliver good customer service. 

Features

When buying products, it is natural for customers to examine the product before actually paying for it. Of course, such activity is essential in choosing the best software. Analyzing the features and functionalities is necessary. They determine the software’s quality. These two elements serve as the mechanics of the application, allowing them to operate according to your command. You can research by reading software comparison content, which is provided by software users. It presents the software’s pros and cons, giving you a heads up of its performance. 

  • Commission Management
  • Accounting
  • Calendar Management
  • Campaign Management
  • Compliance Management
  • Tax Management
  • Electronic Signature
  • Email Marketing
  • File Sharing
  • Business Dashboard

Top 10 Stock Brokerage Software

1. Robinhood

Robinhood has no account minimum and enables a streamlined interface and cryptocurrency trading. It is best for mobile users, individual taxable accounts, and margin accounts. Robinhood has annual revenue of a billion dollars and 5,526 employees.

2. Merril EDGE

Merril EDGE is a financial platform from Bank of America, offering online and advised testing, trading, brokerage, and banking services. Their customers can choose whether to use online services or actual services. Merril EDGE has annual revenue of $700.8 million and 3337 employees.

3. eSignal

eSignal is a user-friendly charting and trading platform, providing end-users the opportunity to chart real-time data. It is compatible with Windows and MacBooks. eSignal has annual revenue of $72 million and 140 employees.

4. Tradesocio

Tradesocio includes risk management, portfolio management, real-time tracking, client management, fund management, and innovative features. Tradesocio has annual revenue of $27.2 million and 190 employees.

5. Firstrade

Firstrade offers $0 contract-free on options trades; all mutual funds are commission-free, enable language options, and deliver commission-free stock, ETF, and options trades. Firstrade has annual revenue of $8.1 million and 48 employees.

6. SAG Investor

SAG Investor from SAG Infotech is an affordable innovative application that provides numerous features focusing on portfolio management. SAG Infotech has annual revenue of more than $5 million and more than 25 employees.

7. PHI 1

PHI 1 from PHI Technologies is an Algo trading platform allowing traders to automate trading-related transactions. It includes advanced charting, customer screener, custom strategy creator, backtesting, custom risk controls, and multi-broker order. PHI Technologies has annual revenue of more than $5 million and more than 25 employees.

8. MProfit

MProfit includes asset management, tax management, income statements, accounting, investment management, and more valuable features. MProfit Software has a revenue of more than $5 million and employs more than 25 people.

9. HyperStock

Hyperstock ensures back-office solutions to your stockbroking solutions. It includes features like product identification, inventory optimization, warehouse management, multi-channel management, and more.

10. ETRADE

ETRADE is an easy-to-use tool, it provides excellent customer service, an advanced mobile app, commission-free stock, and access to extensive research. ETRADE has more than a billion dollars in annual revenue and more than 5,000 employees.

FAQs

What do you mean by brokerage?

Multiple customers seek assets such as money, real estate, and other valuable assets from time to time. Brokerage is a service usually provided by a financial company or an independent broker; It helps individuals in processing critical financial factors such as loans, purchasing of stocks, assets, and other financial services.

Why is financial management important?

Money is an essential thing that people value, especially in the business industry. Financial management is a critical activity necessary in managing a business. It helps entrepreneurs in understanding their business performance by acquiring financial performance details and evaluating the weak areas, leading to improved decision-making processes and quality management.

Why do you need software?

Software is one of the most powerful tools in the professional industry. It helps firms minimize work errors made by traditional methods significantly, leading them to save time and ensure quality assurance. Due to software, companies improve communication, collaboration operations, decision-making, data analysis, etc. Due to that, it allows businesses to gain insights and visibility, which enhances overall business performance.

Work errors and delays are frustrating. Not to mention, those factors lead to disappointment. Since old ways will never be enough given the modern era, it will be wise to use advanced solutions. Stock brokerage software is what you need to deal with your clients and employees. This technology partner delivers broad comprehension and better control. That way, you can reach your goal.

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