The above list of stock brokers is the result of an extensive research by our team. Our Online Broker Review are aimed to provide users a thorough understanding of each brokerage firm.
A broker Review is written by the editor or the editorial staffs of the reviewing agency. At Comparebroker, our research team analyses more than thirty parameter for each broker. The idea behind the brokers reviews is to give you an in-depth analysis. You must read the full analysis and jot down the pros & cons. under the following headers – “Account Types”, “Trading Fees”, “Trading Platform”, and “Customer Service”. Often, editorial reviews contain suggestions as to which group of traders, the broker is aptly suited for.
Who does not claim to be the best? You might have been recommended a broker from your friends or relatives. But, the broker might suit your needs. By needs, I mean whether you are a trader or a retail-investor. It is especially important for the beginners who have just jumped into the market. You can only get down the best online broker once you know about the broker, and compare the top five brokers.
Lot of people might tell you that cheap is best. And you have here to choose a broker which has cheapest commissions. Our research shows that almost 60% of new traders just look for cheap broker to start trading. They don’t ay any heed to online trading reviews and just look for the brokerage commissions. The broker who has the lowest fees is their preffered choice. But, I must advise you against it. Besides trading fees, there are two other important areas you should look. They are:
Trading Platform: A trading platform is an electronic platform using which you communicate your orders to the exchange. A good trading platform is very important. Imagine a situation where you have the cheapest broker, but with a crappy trading platform. Your traders are not executed timely and the platform is full of bugs. If this is the case, obviously you’ll get frustrated and look for another broker. Therefore, when you read the online stock trading reviews, look for the complete analysis of the trading platform.
Customer Service: Now-a-days everything is online. You execute your orders online, pay online, receive money online. By reading the discount broker reviews, you can get to know the quality of the customer service. Generally, most the users complain of obnoxious reps. You should select a broker which has good customer support even after you become a client.