Every broker is different, and you need to make up your own mind on what is best for you. Just because they fit into one broad category does not mean you know how they function. Research what they will likely charge you. Find out what perks, or advice they give. And so on. Here, we will give you a quick guide on what to keep an eye on.
The best way to find a broker is through real-life referrals. If a trustworthy friend recommends it, it is also likely to be worth your time. Looking up reviews online can also help you get a better picture of what they offer. Most importantly, check that they have a regulator. Any worthwhile broker will have a regulator of some sort. Otherwise, it may be quite sketchy. Just in case, you should also check the regulator they list. Check if they are legit, or if they even exist.
See how much you are willing to spend on a broker, after figuring out the general prices. Balance the quality you want, with the price you are willing to pay for it.
Most importantly, do not stick to the first broker you like. Meet many of them (or look them up online). You never know what you will miss out if you decide too quickly.
Find out what services they offer. Especially important could be if they have a specific offer you could use.
Make sure their website works smoothly as well and offers access at the right times. An asset’s value could waver rapidly overnight, and you would have no way to act. Again, reviews are a good way to find out about any possible issues here.
Before you sign up
Read the fine print before choosing a broker. Contracts are infamous for allowing people to accept ridiculous offers. Make sure that, with whatever broker you do sign with, you know what you are getting into.