The securities market offers its participants new high-tech opportunities for trading shares – Internet trading. The constant growth in the number of users of Internet trading indicates its high potential and growing popularity among private investors. The ability to trade with securities independently, a kind of breakthrough in the domestic stock market. However, it is always better to dwell on proven options such as fbs broker in Nigeria.
Due to the fact that the Internet trading service is new for the investor, there is a lack of awareness of the potential trader not only in matters directly related to the investment process, but also in organizational matters.
One of the most important points in the period of joining the bidding for independent trading in securities is the question of choosing an online broker, as it is known that trading on the stock market is carried out with his mandatory mediation.
In addition to the well-known criteria for selecting an online broker, such as the amount of subscription fees and broker fees, there are a number of other important criteria.
What should be taken into account?
What you really need to consider when choosing a broker, what information should be refined and verified and what criteria to follow, depends on the individual needs of each trader. But, of course, there are general recommendations in the approach to this issue.
The main sources of information about companies are:
- sites with reviews;
- professional blogs;
- expert councils.
In order to initially protect yourself from deliberately false or distorted information about the broker company, as well as to avoid processing of unnecessary information, it is necessary to dwell on the list of companies that are professional online brokers.
All information about companies is available on their official websites, links to which can be found on the exchange’s website. Websites of online brokers – the main tool of interaction with traders, and for potential traders – one of the key criteria for assessing the broker. According to how quickly the information on the site is updated, is relevant and, most importantly, how open and accessible it to the user, you can judge the speed, progressiveness and openness of the company.
Access to the standard documents that need to be drawn up will allow the trader to familiarize beforehand with the legal side of the interaction with the broker and to clarify the details of the terms of the contract prior to the start of its execution.
When studying the conditions of providing Internet trading, you should pay attention to the range of related services that the broker offers. The needs of the trading audience are constantly growing and changing. The fact that today a certain trader does not seem relevant, tomorrow may become necessary. Experience has shown that it is easier and more economical to use the services of a single broker. It is only important that the trader can realize the need that has arisen in the future.
The same applies to tariffication. As a rule, a potential trader focuses on the tariff, which is relevant for him at the time of the choice of a broker. It was also important to consider the future of their investment. The flexible tariff policy of the company as a whole, its focus on meeting the needs of different trading audience increases the likelihood that the broker will be loyal to the trader not only at the stage of attracting a potential client to the company, but also in the future.
Another important aspect: the broker’s access to training tenders is subject to test access to the trading system. The goals and objectives of test access and training tenders are different.
Test access to the trading system – it is not only testing the trader software and a real-time overview of the current market situation, but also a kind of testing the broker on the speed and correctness of connection and operation of the trading system.
A trader has access to a real trading system rather than a game system, but is limited in the ability to carry out a transaction. According to how quickly the broker provides test access service to the trading system, how correctly the trading system behaves during testing, you can judge the technical part of the broker service during the trading on the exchange.
Correctly choose a broker – an important task for each trader. The determining criterion, as a rule, is the size of the subscription fee and commission.