When starting out as an investor (or trader) the first major task is to choose a stock trading site (stock broker). Finding a broker that offers high-quality customer support, research material. and learning materials should be the top priority.
Reviews of 'Best Stock Trading Sites'
Review sites are a good place to start with your search for the best brokerage. Five reviews for best online stock brokers for beginners are provided above. The reviews cover most, if not all, the major points for consideration and will get you started on the right path. But keep in mind that these review sites are usually affiliate marketers and may not have the latest information or your best interests at heart.
Determining the Best Stock Trading Site
In addition to reading reviews, one should contact a number of stock trading sites, determine the services offered, the fees charged, and the promotions available. Discuss with friends, colleagues and peers whether or not the online broker will actually provide a valuable service to you. Ask questions in relevant forums and request that the online brokers in which you are most interested provide you with testimonials from existing clients.
Best Stock Trading Site For Beginners
As a beginner, you will want to start small until your level of confidence grows. Some stock brokers won’t necessarily be suitable as they will require you to deposit larger sums than you may be comfortable with. You may also have to pay higher fees or make each trade a higher value than you want.
You will also need a broker that has a good quality customer service. Find one with multiple options for contacting the customer service department, including e-mail and telephone. You should be able to expect a quick and helpful response.
Summary of 'the Best Stock Trading Sites'
Choosing an online stock broker is one of the most important decisions you will make in your online trading career. It is also one of the most difficult decisions as there are so many stock trading sites out there today. Someone just starting out with online stock trading may not really know what they should be looking for.
In summary, the best stock trading sites are those with whom you develop a good relationship, who charge you the least fees, and offer the best returns to your investment.