Online Trading Canada – What to Look For in a Broker
Online Trading Canada is one of the most common ways for people to invest their money. By purchasing shares of a company, you become an owner of part of that business, and hope to sell those shares at a higher price to make a profit. Whether you’re a newcomer to the world of investing or a seasoned trader, there are many factors to consider when choosing an online broker.
Online Trading in Canada: A Guide for Beginners
Some of the most important features to look for include account fees, trading platforms and investment options. You’ll also want to make sure the broker offers the right type of accounts for your needs. For example, if you’re a beginner, it may be better to choose a platform that offers commission-free trading for Canadian and US stocks. Some brokers also offer a variety of investment options, like exchange traded funds (ETFs), Canadian depositary receipts (CDRs) and mutual funds.
Lastly, it’s crucial to find an online brokerage that provides a robust mobile trading app. While this feature is fairly standard in the U.S, not all Canadian brokers have the same level of functionality with their mobile apps. If you’re a momentum trader, for example, you might want to find an online broker that lets you easily place trades from your smartphone. Other features that are worth considering include a variety of order types, trading hours and the ability to trade commodities and cryptocurrencies. You’ll also want to find a platform that offers a variety of educational resources and customer support.…