| The first step in online stock trading is to pick the | | | | go down for hours in peak business time. You must |
| best online stock broker for your money. It's very | | | | have an alternative way to access your account like |
| important because once you signed up with your | | | | phone access, or local offices. |
| online stock broker, you will most likely to stay for | | | | Discount broker: Don't compromise stock broker |
| years to come. So picking the right online stock | | | | quality over low prices. Some discount brokers don't |
| broker is crucial to stock investing success. | | | | offer trading advices, so for beginners, go for |
| 7 angles you must look at: | | | | full-service brokers. |
| Brokerage rates: The rates you are charged for | | | | Site usability: You will be using your broker's website |
| buying and selling stocks in your online account. And | | | | a lot. It's very important that you feel comfortable |
| how much they charge you are based on a sliding | | | | navigating your online account. If it's confusing for |
| scale. The more units you trade the less | | | | you, you might make critical mistakes that you lose |
| "cost-per-unit" you will have to pay. Choose the one | | | | your money. Pick the one with better site navigation. |
| that suits your buying and selling approach. | | | | Site performance: The sites must be able to load |
| Account fees: Make sure to read the terms and | | | | fast during peak hours with minimal downtimes. Go to |
| conditions page. Sometimes they will charge you | | | | the sites during business hours to see if it performs |
| hidden fees that you don't know about until you find | | | | well. Choose the one that's faster. |
| out you're charged $20 when you transfer your | | | | Reputation: It's usually always the safe bet to go for |
| money out. All the fees should be disclosed, choose | | | | online trading services with big names. Because of its |
| the one that doesn't hide fees from you. | | | | high reputation, you will less likely to be scammed. |
| Alternative access to your account: This is vitally | | | | Pick the online broker that is credited by several |
| important because online stock broker website could | | | | online stock broker reviews. |