Assuming you are all ready to kickass in your investing journey, there are a few things you need to consider to get started.
Brokerage Account – Factors To Consider
With your CDP account settled, one can go “shopping” for the best brokerage account. Very much like opening a savings account, there are a few factors one should look out for.
1. Brokerage Fees
The brokerage fee is charged by the platform provider to conduct transactions between buyers and sellers.
Most brokerage firms charge based on a percentage of the size of transactions and involve a minimum fee, whichever is higher. We will compare them to provide you with the cheapest brokerage account later in this article.
2. CDP or Custodian. Who Holds The Stocks?
The CDP securities account is where all the stocks you bought are deposited. One can be using multiple brokerage firms to trade, but all the stocks ......