Personal Finance & Money Asked by Yura on January 26, 2021
I’m looking for the way to pick online broker. I suppose to buy ETFs and rarely some other securities. There are a lot of online brokers ratings. Mostly it consist of 5-7 same items like TD Ameritrade
, Fidelity
, Charles Schwab
, Interactive Brokers
, E*TRADE
.
Of course I try to simplify complicated choice, but however. How to choose?
I know good feedbacks about Interactive Brokers. But it looks like they have some commissions for trading non US securities. Maybe someone has reasonable way to pick one.
All advices and links are highly appreciated.
Well, there is not really more than this:
There is not a lot more.
Note that "fees in non us securities" is not a non-starter - depending what you talk about here, there is no "free" trading in many jurisdictions because exchanges need to get paid (while you CAN work around THAT in the US, by refinancing via selling the order flow and some other things, those are not necessarily legal / available in some jurisdictions). Basically: Do your homework finding brokers and eliminating them (i.e. are you really interested in trading gold in saudi arabia on weekends?), make a decision matrix, decide.
Answered by TomTom on January 26, 2021
Best broker? First and foremost would be no commissions unless the broker offers some special services that aren't available elsewhere, then low commissions. After that, the best broker would depend on what your needs are. Some possible desired features might be:
Some of these are applicable to investors, some to traders, and some to both.
Answered by Bob Baerker on January 26, 2021
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