How to choose an online stock broker

510 views

Published on

Selecting a online broker is very important to an investor as selecting right broker will save lots of money

Published in: Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
510
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

How to choose an online stock broker

  1. 1. 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 HOW TO CHOOSE A ONLINE STOCK BROKER www.comparebroker.com
  2. 2. 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
  3. 3. STOCK BROKER RATINGS <ul><li>Every broker is rated based on following attributes: </li></ul><ul><li>Fees and Commissions charges </li></ul><ul><li>Types of Investments Offered </li></ul><ul><li>Ease of Use </li></ul><ul><li>Quality of Customer Service </li></ul>www.comparebroker.com
  4. 4. Broker Fees <ul><li>Fees and commissions are important considerations when choosing an online stock trading service , one should enquire fully about all costs involved such as:- </li></ul><ul><li>Account opening fees </li></ul><ul><li>Hidden fees </li></ul><ul><li>Tiered commission structure </li></ul><ul><li>Tiered commission structure </li></ul><ul><li>Option trades fee </li></ul><ul><li>Minimum account balance </li></ul><ul><li>Price for different trades </li></ul><ul><li>Margin rates </li></ul>www.comparebroker.com
  5. 5. Investments Offered <ul><li>Every online broker offers many investment options such as </li></ul><ul><li>Stocks </li></ul><ul><li>Options </li></ul><ul><li>Mutual Funds </li></ul><ul><li>Exchange-Traded Funds </li></ul><ul><li>Certificates of Deposit (CDs) </li></ul><ul><li>Bonds & fixed income securities </li></ul><ul><li>Exchange-Traded Funds (ETFs) </li></ul><ul><li>Retirements & IRA </li></ul>www.comparebroker.com
  6. 6. Trading/Investment Tools <ul><li>Calculators </li></ul><ul><li>Alerts </li></ul><ul><li>Virtual Trading </li></ul><ul><li>Automated Trading </li></ul><ul><li>Charts and Graphs </li></ul><ul><li>Analyst Research Reports </li></ul>www.comparebroker.com
  7. 7. Resources <ul><li>Retirement Resources </li></ul><ul><li>Beginning Investor Education </li></ul><ul><li>Tax Information </li></ul><ul><li>Seminars/ Live Events </li></ul><ul><li>Forum </li></ul>www.comparebroker.com
  8. 8. Help and Support services <ul><li>Online broker should provide supporting services to help customers </li></ul><ul><li>Free Telephone Support </li></ul><ul><li>Email Support </li></ul><ul><li>Live Chat </li></ul><ul><li>24/7 Support </li></ul>www.comparebroker.com
  9. 9. Thanking You www.comparebroker.com

×