We’ve assembled some considerations to help you decide if you want to engage with an online stock brokerage firm or a full-service broker.
The main advantages of online brokering services are that they are cheap, easy to use and convenient. Brokerage fees typically range from around $10 to $30 per trade and there are trading platforms available to suit new as well as experienced traders.
Meanwhile, the main benefit of choosing a full-service trading broker is that you have an expert advising you on all your share trades. A full-service broker considers your financial situation and goals before providing you with trading recommendations and advice. Depending on the level of service you select, the broker can even trade on your behalf and handle portfolio management.
Whether you choose an online or full serviced broker depends on your investment experience, financial goals and how much service you want. With this in mind, why not browse our local listings for the most popular stockbroker companies in your area.