Trading became Easier with Online Brokerage

In 1994 the trading industry was revolutionized when K. Aufhauser & Company introduced an online trading platform. This has enabled the traders to invest by just one click. The idea of online trading gained popularity in very short period, as before every trade had to involve broker but the online trading saves trader with calling of broker again and again. Online trading became essential due to low commission involved, timely order placement and various important trading tools offered with online trading.

The trend was adopted by all the brokerage firms gradually and the most client satisfying services are offered by the US firms like Scotttrade, Charles Schwab & Co. and Vanguard whereas online trading firms which offer lower satisfactory services to client are Merrill Edge, ShareBuilder and Wells Trade. This was concluded in customer satisfaction study held in 2013 and factors used in the study for survey was interaction, account offerings, trading charges and fees, account information, problem resolution and information resources.

Online Broker Reviews

For investors and traders the most important thing to look in online broker is to get maximum value against money paid. The main things to look on when selecting an online broker are customer service, trading platform, hidden fees and commissions and this call for a detail search on the internet.

So here we have a list of fee schedule and other services offered by renowned brokerage firms in US such as Scottrade, Charles Schwab, Fidelity, TD Ameritrade, etc. New investors can look in to the online brokerage fees and decide where to open a stock account.

Source: BidnessEtc

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