An online stockbroker should provide you, the investor, with all the resources you need to make educated financial decisions and buy and sell investments using a variety of strategies. Some of these resources include educational materials, real–time charts, streaming news, various high–quality tools and a user–friendly trading platform.
.Below are the criteria used to evaluate online stock trading:
- Fees/Commissions – Fees and commissions can add up quickly and many services also require additional fees for all kinds of things from transfer fees to check request fees. We compared a variety of fees commonly charged by these types of services; however, some online brokers have a tiered commission schedule based on balance or trade volume.
- Investments Offered – Most online stock trading services offer the basics such as stock, options, mutual funds and exchange-traded funds. Many services also offer access to a variety of international markets as well as investment services or packages for retirement and education saving.
- Trading/Investment Tools – Online brokers that offer practical tools such as investment calculators, analyst reports, cell phone alerts and useful charts, chains or graphs can help investor make smart buying and selling choices. Since buying/selling stock can be daunting, we feel that good information is vital.
- Ease of Use – Investors come from all lifestyles; a superb service accommodates everyone regardless of their knowledge of computers, the Internet or trading online. Accommodations may include a navigational website, in–depth tutorials or one–on–one training.
- Support/Customer Service – Trading is complicated and risky, it is extremely important that online stock trading services provide good and immediate customer service by telephone, email, instant and chat and more.
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