| -- End Ad Box ---> | | | | desire. Since discount brokerage is a very competitive |
| If you are an experienced trader then you will want | | | | industry some of these firms only advertise their |
| to find a discount broker to handle your buying and | | | | transaction fees rather than some of their hidden |
| selling transactions. The broker you use should also | | | | fees. |
| provide a reliable platform in which to perform your | | | | There are also minimum opening balance requirements |
| transactions. Additionally they should provide funds | | | | for most discount brokers. Although they all differ |
| protection insurance in the event the brokerage goes | | | | you will want to understand what these minimums |
| out of business. | | | | are and select the brokerage which offers a low |
| The purpose of a discount broker is not to provide | | | | minimum balance. It is also important that you select |
| trading advice but rather process your transactions | | | | a discount broker which provides insurance to secure |
| quickly and reliably. They are unlike full service | | | | your trading funds in the even the brokerage goes |
| brokerage firms that offer advice and constant | | | | out of business for any reason. |
| phone support to aid you in your investment | | | | Most discount brokers offer a trading platform but |
| strategies. Discount brokers are more of a service | | | | not all provide telephone support. This is an important |
| for the experienced trader. | | | | part of trading because if something happens to the |
| The fees associated with discount brokers include | | | | internet or software platform the discount brokerage |
| transaction fees, account maintenance fees, inactivity | | | | firm is offering you will need to get immediate |
| fees and can include charges for stop loss orders or | | | | assistance from someone on the phone to resolve |
| other special requests. Review the various fees | | | | the problem and to providing you with telephone |
| charged by different discount brokers to find one | | | | trading services so you can fulfill the buying and |
| that offers the types of affordable services you | | | | selling transactions. |