I wish you the time of day, dear readers of my site. Sooner or later, the question of how to choose a broker to enter the stock exchange or market set itself any person aspiring to financial independence.
Broker - an intermediary between man and the market. He sells or buys on behalf of the person who hired him, certain financial instruments. And has the Commission of all transactions, which are conducted through the client. And no matter win or lose the customer.
In general, I recommend to choose a broker as follows: The Simple look at the ratings of the brokerage houses and choose from the three leaders. This is the easiest way.
But there are also a few points should be aware of any self-respecting private investor. These are the rules of etiquette. It is simply necessary to know.
Monthly fee when choosing a broker
If you plan to work speculatively, then you need to pay attention to the monthly fee charged by the broker for his services. It is clear that we need, that would be less than the Commission.
If you plan to buy stocks and other once a year, then you do not make sense to pay a fee and you need to look broker that it does not charge.
The fee for the use of the trading terminal
Usually it is not raised at all. Choose a broker without a fee.
Trade tariffs plays an important role when choosing a broker
Trade tariffs - this is the Commission which takes the broker with operations carried out by the client. We bought you, for example, shares for $ 100 and then sold them for $ 250. Your profit is 250-100 = $ 150. With this amount, the broker, and will take their commission.
Typically commission over 0.05% is considered high.
Rate depositary
It is used when trading stocks. When buying, stocks are stored in the depository. Or rather not the action of course, and their alpha - code ciphers.
Different brokers charge a different fee for storage of stocks. If you are a long term investor, then choose a broker who charges a fee only in the months when your account was movement.
If you plan to sell it - to buy securities actively, then choose a broker with a small depository collection. An amount of $ 5- $ 10 a month would be acceptable.
There is also a daily commission of the depositary. It is used rarely, but still occur. It is beneficial to investors who invest for the long term, as the changes on the account are rare and not profitable traders.
Withdrawals from the account
When choosing a broker to screen out those brokers that require your personal involvement in the withdrawal of money from your account your pocket. It is not always convenient to go to the broker's office and fill it orders the withdrawal.
It is much easier to do it through the site and use a digital signature. It is safe and fast.
Margin trading
This option allows you to trade on borrowed money and earn on short positions. A very useful option and your broker should be.
Keep only what to charge for the use of borrowed money was not very high. On average, it varies from 12 to 20% per annum.
Advisory and Support
You must be comfortable working with a broker. If you have any questions, you should know that you can always call your broker and ask his advice.
A good broker often become more and friend to his client. Since the solution to his problems personally, and not just in terms of earnings. Such brokers are valued above all else and that is their biggest customer.
Therefore, when choosing a broker more than ask, ask questions and see how the broker is responsible for them. It is hardly necessary to work with someone unresponsive and rude.
Programs for mobile commerce
These are different trade prilzheniya to smartphones, tablets and so on. Their presence at the broker would be a plus to it.
Where to look for a broker?
You can directly through the search engine. I recommend you check on the rating brokerage sites and again choose from the three leaders. Just type in the search engines 'ranking of brokers' and select the broker of all the above criteria.
Now that you know what questions to ask when choosing a broker. The main thing in this case is not to rely on the opinions of friends or some other advisers. And certainly do not need to choose a broker who just stay closer to home. Look at the numbers and opportunities that will be opened in front of you in the selection of this particular broker.
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