Different Types of Stock Brokers

When you start looking for your first (or next) online brokerage scholarship, you must first decide which category of brokers You go to the selection. You must determine what is the best form for trading partners and the cost of style, you're willing to pay.

There are three types of online storage for introducing brokers. They vary depending on the level of service, trade and the nature of the costs of access to the reserve.

1 Full Service Broker - They are mostly traditional big names, companies offer their own research activities, a very broad product portfolio and collaborators, a broker to advise you in your trade.

During these brokers provide the most services, you pay more in commissions and fees. For most online merchants, they want most of this work. When the additional provision for brokerage services of their employees is not profitable

2 Direct Access Broker - This category is very different from traditional brokers as a reserve, both with regard to brokerages what they offer and their clients is typical. These brokers provide direct access to a reseller of market data and their transactions. They often have their own software that you download to your computer for direct connection, and there are some additional services.

This category is important days of distributors and other grave, and where trade in minutes and seconds can be a big difference in their success.

3-Discount Broker - Most online merchants and especially beginners, choose the category of discount brokers. You are Discount Broker-because, if for the first time, it focused on providing tools for individuals, their trade, but without the participation of brokers human storage. This applies, of course, not only saved a lot of fees and commissions for which they are collected have been much less.