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Tips for Comparing BrokersWhen choosing your online broker, here are some great tips to remember to help you decide: 1. Narrow down a list of what is most important to you 鈥?Just because a broker offers cheap commissions or live customer support with local branch offices doesn鈥檛 mean it is the right broker. Just like when shopping for a new home, making a focus list of wants will help you separate choices to ultimately make a decision. For an investor that travels often for example, mobile trading will be more important than the cost of placing trades. 2. Choose a broker with high acclaim and that is well known 鈥?The larger the online broker is almost always equates to more features, functionality, tools, better customer service, etc. Some brokers have hundreds of thousands of clients, if not millions, and these are the ones that almost always deliver the best trader experience. 3. Be aware of miscellaneous fees 鈥?This relates to #2, but be conscious of what fees the broker is charging. No smaller brokers are recommended on this site specifically for this reason. There are usually many hidden fees that are only found by digging through their website. To see what fees brokers charge, I recommend using the stock broker reviews on StockBrokers.com. Portfolios-askStockGuru
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