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How Can a Broker make You a Millionaire or a Pauper?

Posted By On 10/20/2009 09:07:00 PM Under

We will suggest that one knows his broker properly else one will be filling the pockets of his broker only and in turn will be becoming poorer by day. Thus one has to undertake following actions before selecting a broker:

Select your broker after thorough research.

  • Check what support can be provided by him like Stock quotes, news, charting, level II data and advanced order types etc.
  • Speed of execution of orders
  • Telephonic support.
  • After hours support.
  • Does your broker get paid for order flow?
  • Know privacy policy of brokers.
  • Utility and speed of execution of trading software.
  • Offline orders entry.
  • Hidden fees
  • Annual charges
  • Brokerage fees structure

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