Confused about which trading broker to choose? It is a common problem for a beginner who wants to trade stocks, commodities, or any financial market. If you are faced with this problem, you can make a better decision when collecting critical information about the company and comparing it with its competitors. Well, you can do this in two ways:
- Do your research and find out which is the best platform.
- Contact an executive of the firm.
In my opinion, you should choose a platform based on both options. So, here in this article, I have listed seven questions that you should ask your trading platform.
Essential questions to ask your brokerage firm
Choosing the right brokerage firm is crucial for trading. You can collect some information from the internet and other data you will get by asking the company questions. Here are the seven questions to ask before choosing a trading firm. You can opt for the CTB platform for the perfect brokerage process. For that you will not have to worry about the Global CTB scam. It’s a hoax.
How are they different from the competition?
Feel free to ask these questions while choosing your trading platform. Now, let’s see in detail what to ask the platform and what you should look for in its responses.
How much do you charge?
Most trading firms do not charge a penny. They earn money by charging commissions when trading is done. Therefore, it is crucial to ask them about their policies and commission rates. Also, ask them how they charge.
What services do you offer?
Once you know their fee structure and commission policy, you should consider the service they offer. Different brokerage firms provide other services and charge accordingly. Many provide market research and analysis reports, so you should ask about the services offered.