Retail securities’ trading has grown dramatically over the last decade and equity traders are constantly looking for a strong retail equity broker to support their trading endeavors. It is not difficult to decipher what makes a strong equity broker. When shopping around for a good equity broker the equity trader should be focused on several aspect such as the equity trading platform which the equity trader provides for their trading clients, the financial tools to utilize to help the equity trader create winning trades, the customer service provided by the equity trader along with the financial products the equity broker allows the equity trader to leverage off of.
When researching which are the best equity brokers the equity trader should focus carefully on the brokers trading platform. Today, brokers have equity trading platforms which allow the equity trader to place trades from anywhere in the world. The mobile trading industry has skyrocketed and equity traders can utilize either their smart phones or tablets to place trades.
When doing their due diligence the equity trader should keep in mind when trying to find the equity broker that suits their needs that not all retail equity brokers are alike. Each equity broker has strengths and each equity trader has a different need when it comes to their trading style. Again, not all equity traders are looking for the same elements in their equity broker so it is important to focus in on what the broker is strong at. There are several categories which the equity trader can be broken into such as; long term investing, high frequency, international investing, options, in person services, options and beginning traders.
The equity broker makes their money on trading transactions and if an equity trader is trading at high frequency these transactions can easily add up. Equity traders at the end of the day want to work with a competent equity broker who suits their needs but also is fair with their fees which they charge.
Equity trading tools are very important and the equity trader needs to look into what types of trading tools which the equity broker provides. Many equity traders provide fundamental as well as technical tools to assist their trading partners to obtain winning trades. Some of these tools consist of; charts and graphs, trading signals, live feeds with fundamental news, independent research, technical studies etc.
The investment products offered by the retail equity broker are very important for a well balanced portfolio. In today’s retail equity environment the equity trader has the option of trading numerous financial products such as; annuities, bonds and fixed income, ETFs, forex, futures, IPOs, mutual funds and options. Again, it is very important to note that with a well balanced account an equity trader will be diversified and won’t get wiped out if the markets go south.
Many equity brokers today are fighting for equity traders business. The competitiveness of the market forces the retail equity broker to have strong customer service and experienced licensed representatives that can help you with any trading needs. Some of the titles which equity brokers specialist have are; trade desk options specialist, trade desk order routing specialist, retirement specialist etc. In addition, the equity trader should look into the different ways they can contact their equity brokers. Most equity brokers can be communicated with via telephone, e-mail, chat and fax.
Some of the bigger equity brokers on the street are TD Ameritrade, E-Trade, TradeKing, TradeMonster, TradeStation and so on.
In closing, equity trading can be very lucrative but the equity trader needs to be aligned with the right equity broker which can assist them regularly. The equity trader should want to work with an equity broker that can provide strong customer support, numerous financial vehicles, a strong trading platform and financial tools which can assist them in producing consistent winning trades.