What is An Online Stockbroker?

This is similar to an Execution Only Broker but for the fact that trades are executed over the Internet. This allows for transactions to be carried out instantly, and hence profits and losses can be maximised and minimised by instant action.

Top Tips:

  1. As this is an execution only service ensure you know what you are buying.
  2. Check all commission rates. As you are in control it is important to keep commissions/fees at a minimum, so make sure you look around.
  3. Some companies have special offers from time to time to try and encourage new customers to use their services. These are usually attractive and worth considering using multiple brokers in these cases. Ensure however that you read the small print of the offer.
  4. If you spot any problems make sure you raise them immediately with the support personnel.
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