Stock Brokers

BrokersInfoMin. depositRating 
1000$
9.8
review
0$
9.6
review
$2500
9.5
review
$1000
9.4
review
$5000
9.2
review
$500
9.1
review
$450
9.0
review
0$
9.0
review
0$
8.5
review
0$
8.0
review

If you want to start investing in the stock market, you need to have a brokerage account. Selecting a proper brokerage company may be a challenging and time consuming process, especially of you are a young investors without much stock trading experience behind your back. Making a choice in the filed highly saturated with different stock brokers is quite a challenge and requires as much contemplation and analysis as when choosing a stock to trade.

Some brokers offer full-scale solutions and execute most of the trading on client’s behalf, which rest assured comes with a hefty price, while other group, called  discount brokers leaves all the legwork to the client. As with any other choice we make in our life, there is a number of factors to consider when picking your first company in the field of online stock trading. With Learn Market Online’s Online Broker Reviews we’ve created the most comprehensive tool set to help trader of all styles make an informed, efficient and intelligent decision in choosing the right online broker.

What Is a Broker?

Before you can choose a broker, you need to know what exactly you will be dealing with. Basically, there are two types of brokerage companies in the industry: those who provide direct services to customers and those who act as middleman between a customer and a large broker. The first group is called regular brokers and the second group is called reseller brokers. Regular brokers are generally accepted as more reputable ones. Not that we try we are implying that reseller brokers are bad, but due to the nature of their business operations they charge higher fees and are generally backward in terms of customer service and regulatory oversight.

Regular brokers such as TD Ameritrade, Fidelity  and E*Trade are all members of prominent financial organizations such Financial Industry Regulatory Authority (US), Federal Deposit Insurance Corporation (US), Financial Conduct Authority (UK) and other famous financial watchdogs and have taken steps that client’s funds are insured against potential insolvency or bankruptcy. For example E*trade, one of the prominent brokerage houses in the US guarantees the account holder’s funds are protected under the jurisdiction of SIPC ( Securities Investment Protection Corporation). Security factor is one of the key factors to consider when dealing online stock brokerages which usually require deposits of substantial capital in order to start.

Full-Service Versus Discount Brokers

Delving deeper into the subject, brokers can be further classified into full-service brokers and discount brokers. Full service brokers have much more to offer to the trader and have excellent customer service. By opening an account with a full-service broker you can rest assured that all you will receive proper guidance on your investment choices and will have all your issues properly addressed. Discount brokers on the other hand, leave most of the work to the trader and are unlikely to provide full account management services on customer’s behalf. The advantage of choosing a discount broker is much lower cost; regular brokers usually charge you quite hefty amounts for their services.  Plus, assuming you begin slowly, you’ll learn a whole lot more about investing if you do some of the work yourself.

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