Local Stockbrokers in Newport VIC

Things to check when selecting a stock broker

If you are planning on using a trading broker to help you purchase stocks, we’ve assembled some tips to help you select the right one for you.

• Broadly speaking, there are two types of brokerage services you can employ. Full-service brokers and online brokers. They differ in the advice they offer to the fees they charge and the markets they allow you to access.
• Consider the brokerage fees charged and how it will impact your investment budget and return.
• Consider the track record of the stock brokerage firm’s options and what returns they have delivered compared to a base index such as the ASX 200.
• Consider how much you know about investing and what level of expertise you will require.
• Be aware of the services your broker provides. Do they offer specialist expertise or portfolio management?
• Consider if they take the time to understand your financial situation and investment goals.

A stock broker can save you time and deliver value over your investment journey, but it’s still useful to do your research. Have a look at our local listings for the most popular stockbroker companies nearby.