Monday, June 8, 2009

Qualities Of a Good Broker



It is very important to select a good Broker. Basically their are two types of broker:

1.Full-service broker

2.The discount broker

  • real commission rates should vary between $0 to $40 per trade for an online broker and up to $100
  • Beware of extra terms and secret fees
  • It' should be easier to stick with the broker you have come to know and trust.
  • Some online and full-service brokers pay interest in the range of 3-4%.
  • Do not require high minimum balances required to open an account
  • Speed and reliability of online trading
  • broker can service your needs as you grow.

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