Perhaps the most important investment decisions you will ever make in your life is whom you choose to be your stock broker. A stock broker operates only as an intermediary between investors and the stock market, and these could be services, fees, or features on a platform that will shape your investment experience. In many other tips, some of them outlined below, ensure that you do not go bad regarding your investment goals and preferences.
1. Commission and Charges
Of course, the last thing most people care about is what they really want: fees and commission. Commissions are normally charged on every single transaction you have had them carry out on your behalf; fees are a real mixed bag. Some charge on an all-inclusive flat fee basis for all trades while others divide it into a hierarchical system of charges based on the value of the quantity of trade. Finally, many brokers offer commission-free trading on stocks and ETFs which will be attractive both to active traders or cost-compression enthusiasts. Besides commissions, you might have to pay for some extras, such as:
Account maintenance fees. Some charge every month or annually just to keep the accounts open.
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