Investment News

3 Important Things Trustworthy Online Brokers Have

Publish date: Wed, 30 Dec 2020, 10:17 PM
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General investment news and blog posts

Thanks to the emergence of the digital world, people now have the opportunity to grow their money in various investment vehicles conveniently. In this case, all you need is a reliable and stable internet connection to ensure a seamless transaction when you trade. However, this also entails the need for you to leverage reputable online brokers to facilitate your investment. This article lists down some of the most important things that trustworthy online brokers possess.


1. Certificate of Regulation

One of the primary things that trustworthy online brokers have is a certificate of regulation from credible regulatory bodies. The investment experts behind suggest that if you explore the regulating bodies in your region and carefully review if the online broker that you have your eye on is regulated by them. For instance, in Australia, online brokers regulated by the Australian Securities and Investments Commission (ASIC) prove to be more reliable. On the other hand, those regulated by the Financial Sector Conduct Authority (FSCA) in South Africa also prove to be trustworthy.


2. Standard Trading Fees

Another thing that trustworthy online brokers have is a standard trading fee that is consistent and doesn’t change abruptly as deemed favorable for them. The reason behind this is that while you may not have any control over the returns of your investment, as well as the taxes that it is subjected to, you may have a certain control when it comes to trading fees. Rest assured that the price per trade has decreased significantly over the past couple of years, with some online brokers even offering free trading options.

Apart from the trading fees though, a trustworthy online broker will also most likely offer banking services. This means that through their platform, you will also get the chance to write checks or even pay bills on top of their investing services. This will pave the way for centralized financial management that is not only convenient but reliable as well. More often than not, online brokers who offer this option also have excellent customer service.


3. Advisory Services

Finally, a trustworthy online broker will most likely offer investment advisory services that you can use as a guide in making investment decisions. Some even offer a dedicated financial advisor which proves to be beneficial particularly if you are new to investing. You may also want to look for an online broker that also provides research tools to help you familiarize yourself with the tools of the trade better. In case you are a technical trader, you may want to leverage an online broker with graphing tools to help you visualize the investment that you need to make.



In case you are delving into investing through online channels, make sure to leverage reliable online brokers that will be able to help you grow your money and earn revenue from your investment instead of otherwise. In this case, make sure to look for the things listed above because if an online broker possesses these items, then there is a great chance that it is trustworthy. From there, you are guaranteed that your investment is safe and secure.

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