In this episode of Stock Trading Basics, we unearth how to select a broker and which broker is best for you.
Selecting where to put your money to start trading is one of the most frequently asked questions in our chatroom. So in this video, Roscoe gives some simple advice on how to select a broker. Whether you’re selecting Interactive brokers, E trade, Tradezero, or Robinhood; all brokers have pros and cons.
To be honest it completely depends on you which stockbroker to select because your parameters will already determine who you can select. By this, I mean the amount and your nationality will for sure dwindle the options available. Then you have the question of PDT; do you want to avoid it or not. Also, some brokers will not allow you to trade OTC’s or penny stocks which is something else worth checking.