What is a stock broker
A stock broker is a regulated professional individual,usually associated with a brokerage firm or broker-dealer,
who buys and sells stocks and other securities for both retail and institutional clients,
through a stock exchange or over the counter, in return for a fee or commission.
How To Chose The Best Stock Brokers
Investors should know the top online stock brokers to trade with.The following best stock brokers offer investors the most value for their portfolios.
Some online stock brokers are known for their award winning customer service
while others are known for inexpensive stock trades or powerful trading tools.
This guide will highlight some of the best stock brokers available today with tips
and advice for selecting a new broker.
There are some factors you must check when you want to choose your broker
to trade shares, ForexSQ team provide you list of the factors below:
Check Broker Regulation
Stock Regulation is the most important thing that a broker must has it.Not all countries regulate the same way, nor do they have the same regulatory
Environment and requirements when it comes to financial registration.
So it is important for any investor/trader to choose a broker
That is based in a country where their activities are monitored by a regulatory agency.
Stock Trading Platforms
First of all take a look at diversity of trading platforms Stock Brokers provide for you.Secondly it is also important to make sure that the stock trading platform does not crash or freeze often, especially
during times of global economic news or events, when traders needs stability.
Customer Support
One of the most important thing you should check in a broker is the support service.The online stock broker you choose should offer support at anytime. Does it has support in your language?
Which medium is used to contact the help desk: email, chat, or can you speak by phone to a live person?
Do the representatives seem knowledgeable? How they respond to your questions
can be key in gouging how they will respond to your needs in a real situation.
Margin Call Policies And Leverage
Stock Trading margin call and leverage policy has high impact on your trading strategy.when margin requirements are not met by current equity, others follow
UK stock brokers and Australia stock brokers provide different leverage than U.S. stock brokers,
the difference is about the maximum Stock leverage .
So always take a look on the leverage and call margin policies of the broker you want to open your stock trading account.
Commissions And Fees
Online stock brokers charge different commission and fees on shares,If you buy or sell a share with for example for a $2 dollar spread the other broker
will charges you the same share for $3 dollar.
Its important to always check the difference of commissions and fees of a stock broker
you want to trade shares with.
