Online Stock Broker Needs to Give More Extras
Every broker gives you the option to invest in stocks but it’s equally important to find out the extras that each company offers. Do they have a bank attached? Do they offer free DRIPs?
It may be named retirement services or investing tools, but it’s nice to see a broker that gives you the tools to help you diversify, manage your risk and see your account in a whole different way.
Others are starting to offer credit card services on top of traditional investments with your account. In fact, the best cash back credit cards are actually brokerage firm credit cards. Interesting isn’t it?
Brokers will bill pay is ultra flexible, especially when combined with a margin account. No, you shouldn’t borrow money to pay your bills but the extra leeway is convenient when you need a few days to transfer your funds.
Security tokens are a great way to increase security so if your broker offers this option, it’s a big plus to the offering.
ATM cards from brokers are great because they don’t charge you any fees for withdrawal no matter where you take money out. In fact, they will give you money to compensate for the fact that other ATMs will charge you.
Brokers that have physical locations are great. Even if you can’t call in, you can drive to the branches and straighten out your problems with your account. When you see someone face to face, it’s much easier to explain your situation.
Several online brokers actually charge you trade commissions to reinvest your dividends. How outrages is that? Before you sign up, make sure you know what you are getting into.
Several brokers are integrating a bank with their offering so customers can earn a high yield when their cash isn’t used to buy any investments. This is a great option for those that always have a high cash position.
Lending Club review offers a new way to invest your money. The returns are good but it’s different so do your due diligence before you commit.
