How to Compare Online Brokers

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When comparing online brokers, look at the online services and trading tools that they have available. Discover if an online broker provides easy-to-use trading tools with help from a portfolio manager in this free video on personal finance and money management.

Part of the Video Series: Stocks & Bonds
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Video Transcript

Okay, so how do we compare online brokers. Online brokers, you know; you will have some that have offices locally that you can go and visit. Sometimes that's helpful. For the most part, you're you're going to be looking at the online services so let's focus on that. The online services; really the key thing that you're going to be looking for is the research and the the trading tools that they have available. You want to be able to look at stock. You want to be able to research the stock thoroughly. You want to be able to find out as much information and news as possible so you can make an educated decision. The trading tools, as well; are they easy to use for you, or is it some something that you're comfortable with? Do you like the layout? Also, just personal preference, you know, do do when you pull up the screen does it does it look good to you? Is it something that's gonna', you know, you're going to enjoy? The other thing, too, is to just look at all the possible information or options that are available from each online broker. They're a lot of things to look at, a lot of different tools, a lot of bits of information that they'll offer, and really; it's going to get down to personal preference and looking at what the expenses are, what the fees are for trading, and any other fees or charges they you might incur. But really, it's going to get down to personal preference and and what you like.

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