There are so many different stockbrokers to choose from these days that choosing a stockbroker can be a difficult decision Here are a few tips to aid you in the selection process.
Reputation — it's always a good idea to seek out reviews of any stockbroker that you're interested in. You can also check with the various regulatory commissions to see if any actions have been brought against the broker you're considering. While you're doing all this please keep in mind that there will be disgruntled customers who were simply not good at stock trading and want to take it out on someone so they choose the broker to do this with.
Online trading platform — today many traders prefer the convenience of online Stock trading to calling in their trading orders over the telephone. Online Stock trading is truly the ultimate in ease and convenience. As long as you have an Internet connection you can place trades from anywhere in the world.
Customer service — give a few brokers or call and simply ask them some simple questions about their company. Also contacted a few brokers via e-mail and check their response time.
Before choosing a stockbroker and settling in on any one it is advisable to do an apples to apples comparison of several of them. Contact them to see if they have a demo account which will allow you to test out the features of their online trading platform. After you've had an opportunity to select the platform that you like then consider some of the other factors and then make your broker selection.
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