![]() Inactivity Fees – Any fees that the broker charges you for not trading, such as for keeping money in a brokerage account. Trading Commissions – This is when a broker will charge you a percentage based on the volume or value of each trade. This can come in the form of a flat fee or what’s known as the “spread.” This is when your broker charges you based on the difference, if any, between the buying and the selling price of an asset. Trading Fees – Any fixed charge attached to each trade that you make. You should look out for these when evaluating any investment or trading service: There are usually four types of fees to look out for when choosing a trading platform. ![]() A financial advisor can help you determine which online brokerage service makes most sense given your investment goals, risk profile and investing style as well as help you put together a personalized financial plan. To better understand which platform makes sense for your investing needs, here is what you should know before working with Interactive Brokers vs. While both platforms are similar in many ways, a few key differences that set them apart. ![]() One of the pioneers of online brokerage firms, TD Ameritrade, offers intuitive platforms and educational resources geared toward the beginner investor. It is not alone, however, in standing out. Interactive Brokers has been a leader in the active investing space since its start in 1993. ![]()
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