Anyone interested in investing as a novice and even those that are experienced should consider the use of online brokers. They are considered more affordable than a traditional broker. No matter your level of investing experience there is an online broker that can assist you with your investment portfolio. There are different types, and choosing the broker that is best for you will depend on a number of factors. There some independent rating systems that provide information on which ones are best on a set of criteria. These rating systems can be very useful in determining which online brokers you should consider to handle your investments. The best place to start your search is on the Internet. Go through the web sites of these brokers and do a comparative study not only on the services they offer and but also the fees and commissions they charge. You can also find out if they offer value-added services such as providing regular newsletters, research tools, and in case they do so, are these services free or you will need to pay. For example, you can find out if the broker provides real time quotes and if yes, are they banked and credited every time you make a trade. You can also find reviews of the online brokers on various forums on the net. Money Access - One thing a lot of investors do not consider is access to their money. There are a lot of online firms that will hold your funds and you will have to request a specific withdrawal that can take seven to ten business days to receive. Other online broker firms, however, will give their customers instant access to their money. That means you can be given an ATM/debit card or even a checkbook to take money from your account instantly, rather than waiting for an issued check. All said, choosing an online broker
depends on the needs of the investors. It is also important to note that no single brokerage can meet all your needs. So make your choice based on your priorities.