One of the most popular topics that appears in conversations between traders, whether experienced or novice, is seeking broker and although experience and having wandered for several aid mission seems impossible to find the broker ideal.
This is not a trivial matter, since part of the success of the operation will depend on an accurate choice that suits our needs.
Are many and varied reasons why the search for a new start broker , not only because we started or want to change or diversify, but also because our needs also evolve over time; we operate in new products and markets, more sophisticated types of orders, better operating platform … and this will occur recurrently in time.
The market offers a variety of offers from brokers , but the choice is often not easy, with the aggravating circumstance that we have once again chosen one, the facilities and offers that have given us to open the account translates into difficulties and cost to close or pass it .
As a reminder the following list of topics can help us to compare existing offers:
- Products and Markets ; stocks, currencies, derivatives … in our market or abroad.
- Types of commands ; tracking, guaranteed, to spread …
- commissions ; by operation hairpin custody …
- Operating platform ; graphics, real – time, web interface, access security …
- Helpdesk ; timetables, access channel, issue tracking …
- training ; Webcasts, interactive presentations on the platform and products.
- tools; graphics demo account or paper …
- Financial conditions; minimum deposit, apalacamiento …
In addition, for foreign brokers:
- Country where the account.
- Currency account, transactions and exchange rates applied.
- Language platform and service assistance.
- Documentation for tax payments.
Anyway, some considerations to keep in mind:
- The hook offers very low or no commissions usually hide in other services the discount obtained, for no broker is willing to lose money (cost forks, in real time, in maintaining the account, receipts of dividends … ).
- The importance of Assistance Service only appreciate when you really have an emergency. In case of problems to come in the range of hours that markets are open to anyone who will listen, is knowledgeable and to address in a language that is easy to express is invaluable.
- Not be guided only by the commissions, although it will be a topic of weight depending on our type of operation, as a good platform with graphical tools, real – time, user – friendly interface and transaction security is a basic support to feel comfortable and focused on operational.
- Experience and learn is recurrent in the life of the trader concerned, which have a demo account or paper , Seminars Web ( webinars ) on the platform and products becomes essential.
As the choice of broker is an issue that we will pursue while we operate in markets, I encourage readers who do arrive in the comments your experiences in the art of choosing broker and develop a list of issues that are most important for that choice.