How Do You Compare Online Stock Trading Companies?
Thirty years ago everyone needed a broker. Online stock trading companies didn’t exist, and you had to rely on your brokerage for charts, graphs and updated investment analysis. Online stockbrokers changed the game. Now you create and track your own accounts. You can invest in stocks, options, mutual funds and exchange-traded funds, all online. You can also manage your IRA investments online. The challenge now is knowing which company to choose. Compare dedicated resources. Consider whether the companies have 24-hour phone service and whether you will have a designated broker. Try to look for deals that involve access to analyst research and alternative asset trading platforms. Compare educational materials, charts, news and tools such as stock screens. Compare communications. Is there a feature to alert you of stock trades by email or cell phone? This is a nice feature for intra-day traders. Will you receive all statements online? Compare fees and commissions. Inquire about all tradin
