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Online stock investing has never been easier. Ten years ago, online stick trading was nearly impossible. To buy or sell stocks, an investor needed to work with a broker. Brokers often charged hefty fees for their advice, experience and expertise. Today, there are a number of discount and on-line brokerage firms, allowing everyone the opportunity to participate on online stock investing. Firms like E Trade began the trend the way by offering a broker free, to manage the stock market on your own. Since the introduction of on-line stock investing, buying, selling, and trading stocks has become easier and less expensive for both the consumer and the on-line firm. Online trading sites have a number of different levels of customer service available for their users. Before opening an online account, take a close look at price, the level of customer service offered, and how fast your trade can be executed. Different companies charge fees for dipping below minimum account balances, for each trade, or for account inactivity. Many firms also charge quarterly or annual maintenance fees. With more and more people using their smart phones and tablets, your brokerage firm should have an app or a technology platform that supports mobile trading. These fees can add up, so the first thing you should find out before beginning your online investi9ng career is price. On-line firms generally offer two separate price points, a lower fee for trades and a significantly higher fee for broker assisted trades. Fees for unassisted trades begin at about $3.00 per trade, and can run as high as $8.00. The fees for a broker assisted trade may go as high as $45.00. Another factor to consider is if the on-line brokerage firm requires a minimum balance, or charges more for accounts below a minimum balance. It’s not uncommon for on-line forms to charge the investor a transfer fee, which may be as high as $100.00 and require a balance of $500.00 or more. On-line stock investing platforms may offer new customers a number of incentives in order to utilize their services. If you do some quick on-line research, you will find firms that offer reimbursement for transfer fees, a number of free trades per month, and other perks to get you to join and invest. Be sure to explore the site’s customer service. While brick and mortar brokerage services, banks, and Wall Street are open from 9-5 daily, many on-line investors need after hours support. Most sites offer 24/7 customer support, via phone, email, or instant chat. A benefit for some trading sites is access to its online community, which gives investors the opportunity to chat with, learn from, and ask questions of, other investors. While you can place your buy and sell orders at any time, online stock investing and trades only occur during normal trading hours. So while you may be inspired to buy shares at 3 am, the trade will not be executed until market opens in the morning. Online stock investing doesn’t have to be a solo venture. Good on-line investing and trading platforms provide the technical support, modified research, and customer service when you need it. Are you looking for more information regarding online investing? Visit http://www.smart-investing-in-stocks.com/invite.html today for more information!
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