Convenience -Easy to access is the key. Open an account online is the best and simplest way. The gas price is high, don't bother to visit local branches, though not so many brokers really have branches nationally.
Most of brokers can open account online without sending a paper. As for those still ask you about paper works, abandon them. Time is money, don't waste your time on that.
Minimal deposit or maintenance fee- Some brokers may ask you to have minimal deposit, however, there are more brokers allow you to have account without initial or minimal deposit. Having a broker that does not require minimal deposit and maintenance fee is better.
However, if you just need to put in $500 or less and can get 30~100 free trade for 30 days, that is really a good deal.
Commissions and fees - The less fee, the better. The purpose to trade stock/mutual funds is to make money. Why give away your money if you can save them. The trade fee can vary from $0 to $20. There are many brokers, especially online brokers providing low fee or even no fee as you trade your securities.
The less money you pay, the more money you keep in your pocket.
Member of SIPC - This is very important. Make sure your broker is a member of SIPC (Securities Investor Protection Corporation). This ensures that your security and funding are protected. Check SIPC web site, http://www.sipc.org/, to find out whether your broker is on list.
Customer service - Some brokers are hard to reach and others provide many ways to contact them. Phone call and E-mail are the regular way, however, some brokers even offer live chat. This is a very good choice and I like it so much.
Good trading platform and free tools -Choose a broker that provide simple and good platform could benefit you more. Also, a good broker should offer you free useful tools, like, research report, gain/loss tracking, stock watching list, options calculator and screener for stocks/ETFs/mutual funds.
Most important, faster execution speed is the best. You don't want to lose your chance to trade your stock at best value.
Automatic investment -Not so many brokers provide this good feature. automatic investment allows you to invest on a daily/weekly/monthly basis.
Some brokers even offer dividend reinvestment which can direct reinvest your dividend.
Promotion -1. Currently, there are many brokers offering unlimited or limited trading within a short time frame when you open a new account.
2. Some even give you money when you referral friends to open acount.
3. If you want to transfer asset to new broker, they even can reimburse you the cost you paid to previous broker.
If the broker has no promotion, don't even consider opening account with it.
For more information please view WWW.QUICK-INVESTMENT.COM
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