CHAPTER 15
HOW TO PICK A BROKER
Now, the question arises is HOW DO I PICK BROKER?
You should first decide whether you want a telephoning broker or he should be an online broker as well. Then next you should find the following factors.
Quality of information
How fast is the execution of trade
The markets available
Costs attached with them
Check how much equities they would pay
Would they provide with CFD’S
How much fees would he charge on the unused cash in your trading account
How much discounts. Penalties will be there on frequent /infrequent trading.
WHAT ARE THE QUESTIONS YOU WILL ASK DISCOUNT BROKERS
How much do they charge for buying and selling shares?
Do they have any subscription fees
How do they buy and sell shares
Do they deal with telephone and internet both?
Do they offer trade discounts
Do they offer and added services like alerts, dynamic market data etc.
Thursday, 2 July 2009
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