Online brokerage services offer Internet speed to traders. This is a considerable advantage in an area where time is of the essence. Convenience of online and mobile access for investment eliminates the need to communicate with customer service representatives and communicate their intentions, and many find it a faster and more efficient method to manage their investments compared to traditional brokers.
Online brokers have some major advantages that make them the best choice for most people who do not necessarily have the time to go to the physical actors. They are usually the most practical way to invest in achieving your financial goals.
How to compare brokers: what criteria?
Brokerage accounts have become essential tools for investors. But the Internet revolution has radically changed the way people invest. Previously, traditional brokerage firms had to visit their customers or take their orders over the phone in order to comply with regulatory restrictions that governed their activities.
However, you can find brokerage firms that allow you to manage all of your financial affairs without ever speaking directly to a person, and to carry out all of their transactions online or on a mobile application. Many believe that traditional brokerage firms are full-service brokers who charge large commissions in exchange for extremely personalized service.
Invest in the stock market via an online bank
You should know that investing in the stock market generates other costs apart from the cost of the shares purchased. Indeed, for each transaction carried out, for each order placed, a commission is charged to the investor. Although regulated, the cost of this commission varies from one institution to another. Online banks are seen as establishments that offer cheaper rates than traditional banks and this remains a fact even for stock market orders.
More generally, almost all online banks will offer lower prices than conventional establishments. However, there are now several players online and which still allows more savings. So when choosing the broker, you must take the time to compare the different banks and their different offers.
Invest in the stock market through an independent broker
Independent brokers are companies that specialize in the brokerage market. They allow investors to open, among other things, a securities account or a PEA but also to place orders.
The brokerage offers offered by these brokers are often considered by many to be better complete and competitive than those that can be found with other players.
Indeed, independent brokers generally offer competitive rates by playing on their structural costs in addition to offering a wide choice of financial products, which range from the simplest to the most complex.
Finally, they provide access to the majority of stock exchanges that are currently on the market.
Independent brokers like ETFinance, in addition to offering more competitive prices, allow access not only to various financial products but also to most of the stock exchanges that are currently on the financial market. They are however intended for active traders who have perfect control of the stock market and who then wish to diversify their portfolio by making several investments on various products.