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Post on 10-Feb-2015
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Selecting a online broker is very important to an investor as selecting right broker will save lots of money
We have listed six parameters which is very important and helpful in choosing a stock broker
HOWHOW TO CHOOSE A ONLINE STOCK BROKER
www.comparebroker.com
These parameters are
1. Stock broker ratings
2. Brokers fees
3. Types of investment offered
4. Trading/investment tools
5. Resources
6. Support/customer service
www.comparebroker.com
STOCK BROKER RATINGS
Every broker is rated based on following attributes:
• Fees and Commissions charges• Types of Investments Offered • Ease of Use • Quality of Customer Service
www.comparebroker.com
Broker Fees
Fees and commissions are important considerations when choosing an online stock trading service, one should enquire fully about all costs involved such as:-
1. Account opening fees2.Hidden fees3.Tiered commission structure 4.Tiered commission structure 5.Option trades fee6.Minimum account balance7.Price for different trades8.Margin rates
www.comparebroker.com
Investments Offered
Every online broker offers many investment options such as
• Stocks • Options • Mutual Funds • Exchange-Traded Funds• Certificates of Deposit (CDs) • Bonds & fixed income securities • Exchange-Traded Funds (ETFs) • Retirements & IRA
www.comparebroker.com
Trading/Investment Tools
• Calculators • Alerts• Virtual Trading • Automated Trading • Charts and Graphs • Analyst Research Reports
www.comparebroker.com
Resources
• Retirement Resources• Beginning Investor Education• Tax Information• Seminars/ Live Events• Forum
www.comparebroker.com
Help and Support services
Online broker should provide supporting services to help customers
• Free Telephone Support• Email Support• Live Chat• 24/7 Support
www.comparebroker.com
Thanking You
www.comparebroker.com
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