Published on : 20 May 20203 min reading time
The choice of an intermediary is an essential step when you think about investing in dung. The intermediary designates a person whose mission is to collect stock market orders and manage a securities account and to transmit these orders to the financial markets. However, there are some criteria to take into account when choosing an intermediary.
How to select an intermediary to invest on the stock market?
An investor starting out on the stock market needs to seek certain sound advice to choose his intermediary in view of his difficulties. First, before selecting a brokerage offer, he must first define his profile. This allows him to determine his needs in order to adapt them to the offers. He must take into consideration the level of risk and define the capital to be invested. To select an intermediary, it is important to consider the service offer proposed. This is necessary in order to be able to benefit from the necessary services and advice. Some intermediaries offer online customer service, white papers, training videos or online conferences. Secondly, brokerage fees are one of the key criteria for choosing a stock exchange intermediary. These can vary depending on the number of orders and the quality of service. The stock market investor must pay commissions to the intermediary. These fees may represent his or her fees. The availability of this intermediary is also very important.
Investing on the stock market with a traditional bank or an online broker
Most banks offer a wide range of stock market investment products and services such as multi-support life insurance policies, in-house investment funds, securities accounts and PEAs, … The advantage of choosing a bank lies in the fact that the stock market investor can access his securities account and current account in one place. Afterwards, it is also possible to use the brokerage site. This intermediary is more accessible than the traditional bank. The online broker has helped to reduce the cost of stock market investments. The absence of custody fees is one of the considerable advantages offered by this intermediary.
Other elements to consider when choosing a stock market intermediary
It is important to take into account ancillary costs in addition to transaction and account maintenance fees when choosing a stock exchange intermediary. In addition to this, the local presence, the quality of the teams, the services offered and the tools available are elements that should not be overlooked. In addition, you must use an approved intermediary.