Choosing a broker for investing is like finding a spouse. You need to make a good decision because you'll be in a long-term relationship and must trust them.
I've tried multiple brokers and developed the following criteria:
✅ Easy to use on mobile and desktop
✅ Simple to deposit and withdraw money
✅ Allows trading of various securities (stocks, bonds, options, ETFs, funds, etc.)
✅ Enables trading in different exchanges and countries
✅ Have attractive fees and commissions
✅ Allows for fractional shares
✅ Must be customizable to suit your needs
✅ Offers a market scanner and alerts
✅ Provides a comprehensive overview of the market and securities (market trends and news, financial statements, ownership, short selling, analyst ratings, etc.)
✅ Allows for automatic periodic purchases
✅ Support tax efficient accounts (ISA, IRA, etc)
✅ The company must be public to verify its financial performance.
Currently, I use Interactive Broker (also known as IBRK). It satisfies my requirements 100%.
Which broker do you currently use?