More and more consumers are becoming interested in securities trading. However, they are not doing this of their own free will. Rather, they are looking for alternatives that yield a higher return as an investment than traditional models such as fixed-term deposits or overnight money.
But the switch to securities trading is not as easy as it is often made out to be. Especially not if you want to get started and accompany it on your own. Even the selection of the right broker in this context can be a task that brings its pitfalls with it.
Why is the broker so important?
Securities of all kinds are now traded digitally. On stock exchanges or marketplaces that can only be accessed via a broker. As a private investor, you therefore need an experienced broker at your side who lays the foundation for trading in securities.
This cornerstone is found in the provision of the tradable assets and in the provision of the trading platform. The trading platform is needed so that the corresponding securities can be bought, held and sold. In addition, a well set up trading platform provides an optimal overview of the market and thus facilitates trading.
The broker thus provides the framework for trading. The investor - whether a small inexperienced investor or a large trader - decorates this framework with his activities and shapes the trade as he wishes. In the best case, with a solid return as the goal of a completed trade.
What should a good broker offer?
Every investor pursues his own goals and thus also brings his own wishes and ideas regarding the broker. We can therefore not point out the imperial path to the best broker here. However, we can name the most important cornerstones for a good cooperation, which the selected broker should be able to serve in any case. The "fine-tuning" must then be done by the investor himself, as this is based on his personal ideas and wishes.
- Tradable assets - if you want to be broadly positioned, you need a broker that makes this possible in the form of various tradable assets.
- Modern trading platform - nothing works without a modern and easy-to-use trading platform
- Good accessibility - an online broker should be reachable by phone, email, mail and if possible by chat.
- Manageable costs - trading securities costs money. If the costs are within a manageable range, the investor is happy.
- Security - a good broker relies on regulation as well as deposit protection
- No hidden costs - the costs should not only be manageable, but also openly presented
- Low entry barriers - inexperienced investors in particular want low entry barriers so that they can familiarise themselves with securities trading step by step.
- Free demo account - it helps to get started and enables the development of a trading strategy
- Encrypted data transfer - personal data and also the transfer of money should always be able to be exchanged via encrypted lines.
It does not work without comparison
In order to see which broker is ultimately the perfect partner for securities trading, a comparison should be made. This always sounds quite banal, but is the surest way to the right online broker. Because advertising statements should not contribute to the decision in this context.
At www.brokervergleich.net it is possible, among other things, to carry out the corresponding comparison. The provider not only lists all available brokers, but also describes their services and the requirements that the investor should bring with him. This provides a quick overview and the selection can be made quickly.
In this context, it is important that the test results and ratings are regularly adjusted and are always up to date. Securities trading is not a rigid construct, but is permanently in motion and geared towards change. Evaluations of the individual brokers should therefore always be up to date and not only highlight the positive aspects of the individual offers, but also be allowed to represent a critical opinion.