What is a broker and how to choose the one that is best for me?
To buy and sell shares on the stock market, you will need to use the services of a broker. These are individuals or companies whose function is to mediate the purchase and sale of assets on a stock exchange and earn money by charging their clients commissions for each operation.
Your personal needs determine the best online broker for you. Here are some things to consider:
If you plan to just buy and hold stocks, you probably don't need a platform with extensive features.
If you're a new investor and only want to invest a few hundred dollars at first, you'll probably want to look for a broker that doesn't have minimum investment requirements.
Most online brokers today do not charge commissions on the purchase of stock shares, but still make money from trades through what is known as the spread, which is a difference in price between the purchase and the sale of an asset.
Here are some of the most popular online stock brokers. All of these companies offer commission-free stock purchases and have no minimum amount to open an account:
TDameritrade
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