Important Things to Consider When Choosing a Broker
To begin investing or trading in the stock market you need a brokerage account, and because there are plenty to choose from and many offer the same things but with some key differences, finding the right Broker can be challenging, depending on your trading interests and strategy.
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Questions to Ask Before Choosing a Broker
What are the commission fees?
Do they trade stocks under $1?
What order types do they include? (OCO, Conditional Orders, Limit on Stop, 1st triggers sequence, etc.).
How is the trade execution? (Laggy, fast, does it have direct routing and does that even matter for my strategy?, etc.)
What are the trading hours for that broker and does it include Pre-Market (4:00am-9:30am) and After-Hours (4:00pm-8:00pm)
What are the opening fees, maintenance fees, and/or minimum deposits?
What are the available platforms (mobile, web, software)?
Is it compatible with external execution plaforms? (DAS TRADER, STERLING TRADER, ThinkOrSwim, Trading WorkStation, etc.)
Do they offer 24/7 customer service?
Does their trading software/platform specialize in shorting? (Short-locate feature)
If they do specialize in shorting, what are their fees to borrow shares to short?
What are their margin requirements and other market data and/or platform fees? (Level 2, Futures, ETFs, Crypto, etc.)
Can you purchase Over-The-Counter (OTC) stocks? (I.e. Webull doesn’t allow OTC stocks trading vs TD Ameritrade allows it for $6.95 per order)
Is it U.S. based or overseas? (Different rules and regulations will apply)
What are some known brokers? (I cover some of them in the video below)
Bullseye Trades: Best Alerts Service
Every Monday at the market open, Jeff sends you his weekly Bullseye Trade.
2022 has been AMAZING for these Bullseye Trades!
(+50% to 300% per week in my experience)
Click here to learn more!
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>> CLICK HERE TO LEARN MORE!
Some Of The Brokers to Check Out
◦ TD Ameritrade
◦ Charles Schwab
◦ Interactive Brokers
◦ Trade Station
◦ Fidelity
◦ Trade Zero
◦ Lightspeed
◦ Speed Trader
◦ Webull
◦ Cobra Trading
◦ Centerpoint Securities
◦ E-Trade
◦ Capital Markets Elite Group Stock Trading Platform (CMEG)
Bullseye Trades: Best Alerts Service
Every Monday at the market open, Jeff sends you his weekly Bullseye Trade.
2022 has been AMAZING for these Bullseye Trades!
(+50% to 300% per week in my experience)
Click here to learn more!
LEARN HOW TO WIN 90% OF YOU TRADES IN 90 SECONDS!
>> CLICK HERE TO LEARN MORE!
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Important Things to Consider When Choosing a Broker
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