Online Stock Trading Made Easy
Types Of Online Brokers Do you know that there are many different types of online brokers? A simple search engine search will bring up the massive results of companies and options that are out there so how do you even begin to know which one to go with? All online brokers are not the same. Different brokerage services offer different features. Before you can begin to understand the types of brokers and which one you need to meet your needs, you will need to know what the different types of brokers are. There are different types of brokers that offer different levels of assistance and services. There are two main types of online brokers they are regular brokers and broker resellers. A broker that will deal with their client directly is called a regular broker. Broker resellers are actually an intermediary that goes between you the client and a larger broker company. There are four basic categories of online brokers that you can find. We are going to list and describe them below so that you know what you are looking for in the wide spectrum of online broker options. 1. discount brokers/online brokers 2. assisted discount broker 3. full service broker 4. money manager/financial advisor
So what are these 4 different types of brokers, what are their specific jobs and how do you know which one you need for your online trading usage? 1. Discount/Online Brokers
The online discount broker is basically just an order taker. You put in the trade that you want to make and they place it for you, typically online although some take orders over the phone as well. You will not receive help or advice from your discount broker. They are simple and to the © Wings Of Success
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