Best Online Stockbrokers for Beginners
Plenty of people want to try investing some of their hard-earned money in the stock market. They probably want to do so because they might have heard good stories about people who amassed a great amount of money just by investing in the share market especially in the context of the best online stock broker in Malaysia.
However, stock market trading is not as easy as it seems. It is not just creating an account, putting some money in it, and then start trading. In essence, that is actually the basics of doing some trades. However, your main goal of entering the stock market is to make profits, right? So you have to do more than just create an account.
This is where a stockbroker comes in. If you’re still a beginner and you’re conducting trades yourself, it can be quite risky because you still haven’t learned the ropes; you still don’t know the fundamentals.
A stockbroker can help you in trading. Back in the day, they can conduct all of the trades for you. Although you can still ask them to do so nowadays, the stockbrokers can just assist you since most people make use of stock trading software anyways.
With that being said, you’re probably convinced in getting one. But, with the many options available online, it can be a daunting task to choose which one to go to.
Do not worry as I will give you some recommendations to help you get the stockbroker you need to start trading. Here are just some of the best:
1. TD Ameritrade
The first one on the list is actually one of the most popular online stockbrokers in the biz. TD Ameritrade provides quality service without actually hurting your bank account.
All you really need to pay is $6.95 per trade with no minimum account deposit. This can actually be a great advantage to you because you can deposit any amount in your account and you can start trading!
2. Merrill Edge
If you want an online stockbroker that offers one of the best customer service imaginable, then look no further than Merrill Edge.
They also have the same fee as TD Ameritrade, but their service is actually top-notch and their customer service is one of their main assets.
The seamless integration between your brokerage and bank account means that there is really little to no hassle when conducting trades in the stock market.
3. Ally Invest
The Ally Invest online stockbroker has a promising track record of good service and, of course, good results. They offer their services for $4.95 per trade and they provide you with a platform with nifty tools that can help you with your time in the share market.
This brokerage firm gives you peace of mind thanks to their well-researched and useful analytical tools that will give you the best possible outcomes.
4. Charles Schwab
Another company with great customer support, Charles Schwab is an online brokerage firm that allows you to use mutual and exchange-traded funds to help you start trading. It only costs $4.95, but it does require you to deposit a $1000 account minimum.
As a new trader, I highly suggest that you get a stockbroker that will help you.
Fortunately, you do not have to scour the internet for information about the best ones out there since I’ve already done the heavy work for you.