These Usually Come Free with Online Stock Brokers
Most people know how to buy or sell a stock, but many are too lazy to bother looking into the different features that each brokerage firm offers. Here are a few ways that an online broker tries to help its customers.
It may be named retirement services or investing tools, but it's nice to see a broker that gives you the tools to help you diversify, manage your risk and see your account in a whole different way.
You may not see stock broker and credit cards mixing but the best cash back credit cards are actually offered by stock brokers. Of course, they are offering it to get your business but I will take any advantages I can get.
You might be able to do bill pay with your balance. The great thing about it is that even margin accounts are eligible, so you can always temporary borrow money at a relatively low rate to pay your bills.
The higher end brokers are adding security by offering a security token. The physical token updates its pin to make sure that you actually own the token when you are logging in.
ATM cards from brokers are great because they don't charge you any fees for withdrawal no matter where you take money out. In fact, they will give you money to compensate for the fact that other ATMs will charge you.
Some online stock brokers come with physical branches, and may have employees there that can offer investment advices. They also provide face to face technical support should you have any questions with the account.
Dividend reinvestment plans are very common but actually not every broker has this option available for free. Those that don't usually charge you to buy the stocks, which almost eliminates any advantages it has.
If there is a way to integrate your savings account into the brokerage firm, then it's a good idea due to the high yield that you could be earning with your money. It's like a manual sweep account but only that you are earning high interests. - 23305
It may be named retirement services or investing tools, but it's nice to see a broker that gives you the tools to help you diversify, manage your risk and see your account in a whole different way.
You may not see stock broker and credit cards mixing but the best cash back credit cards are actually offered by stock brokers. Of course, they are offering it to get your business but I will take any advantages I can get.
You might be able to do bill pay with your balance. The great thing about it is that even margin accounts are eligible, so you can always temporary borrow money at a relatively low rate to pay your bills.
The higher end brokers are adding security by offering a security token. The physical token updates its pin to make sure that you actually own the token when you are logging in.
ATM cards from brokers are great because they don't charge you any fees for withdrawal no matter where you take money out. In fact, they will give you money to compensate for the fact that other ATMs will charge you.
Some online stock brokers come with physical branches, and may have employees there that can offer investment advices. They also provide face to face technical support should you have any questions with the account.
Dividend reinvestment plans are very common but actually not every broker has this option available for free. Those that don't usually charge you to buy the stocks, which almost eliminates any advantages it has.
If there is a way to integrate your savings account into the brokerage firm, then it's a good idea due to the high yield that you could be earning with your money. It's like a manual sweep account but only that you are earning high interests. - 23305
About the Author:
I love my account at Scottrade. It's simple and there are no hidden fees so the broker is highly recommended.
posted by Mr. Forex at
2:42 AM
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