Tuesday, June 10, 2014

Review of stock brokers online::A Basic Description of What a Stock Broker Does







Review of stock brokers online::A Basic Description of What a Stock Broker Does








               Not               all               online               stock               brokers               are               the               same.

Some               offer               better               customer               service,               some               may               cater               to               people               with               higher               net               worth               or               to               those               with               only               a               few               spare               dollars               to               invest.

This               guide               will               show               you               what               to               look               for               in               a               broker,               and               how               it               applies               to               you.
Account               Maintenance               Fees               -               If               you               find               a               stock               broker               that               charges               account               maintenance               fees,               then               walk               away               immediately.

Most               brokers               do               not               have               them,               and               this               is               a               sneaky               way               to               derail               your               investments,               and               eat               away               at               any               potential               gains               you               will               make.

Find               a               better               offer               with               another               brokerage               firm.


               Trading               Fees               -               Standard               stock               trading               fees               are               around               $10               plus               or               minus.

Beware               of               brokers               that               charge               only               a               couple               dollars               or               less               per               trade.

Do               they               sacrifice               customer               service?

Do               their               trades               go               through               immediately               or               does               your               broker               pool               them               with               other               trades               to               save               costs?

If               so,               are               these               trades               cheaper?

Some               brokers               have               different               pricing               programs               for               traders               of               different               net               worth               or               different               investment               needs.
               
               Execution               -               Does               the               broker               offer               realtime               trades?

Some               brokers               will               save               costs               by               pooling               your               trades               with               other               customers               trades,               delaying               the               execution               of               the               trade.
               
               Customer               Service               -               Can               you               pick               up               the               phone               and               call               your               broker               if               you               have               a               problem               or               need               investment               advice?
               
               Joining               Bonuses,               Cash,               and               Free               Trade               Offers               -               Avoid               being               enticed               by               these               offers               since               you'll               probably               stay               with               your               broker               for               years               or               more,               and               a               one               time               offer               will               not               make               much               of               a               difference               in               the               long               term.

Be               sure               your               broker               cares               just               as               much               for               its               current               customers               as               it               does               for               its               new               customers.
               

Talk               to               friends               who               have               experience               with               online               brokers,               read               reviews,               and               do               your               research               before               committing               to               any               one               broker.

You               may               have               to               read               the               fine               print               if               your               broker               does               not               show               its               terms               upfront.

Good               luck.









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