Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
How to Use Price Cycles and Profit as a Swing Trader – SPX, Bonds, Gold, Nat Gas - 13th Nov 19
Morrisons Throwing Thousands of Bonus More Points at Big Spend Shoppers - JACKPOT! - 13th Nov 19
What to Do NOW in Case of a Future Banking System Breakdown - 13th Nov 19
Why China is likely to remain the ‘world’s factory’ for some time to come - 13th Nov 19
Gold Price Breaks Down, Waving Good-bye to the 2019 Rally - 12th Nov 19
Fed Can't See the Bubbles Through the Lather - 12th Nov 19
Double 11 Record Sales Signal Strength of Chinese Consumption - 12th Nov 19
Welcome to the Zombie-land Of Oil, Gold and Stocks Investing – Part II - 12th Nov 19
Gold Retest Coming - 12th Nov 19
New Evidence Futures Markets Are Built for Manipulation - 12th Nov 19
Next 5 Year Future Proof Gaming PC Build Spec November 2019 - Ryzen 9 3900x, RTX 2080Ti... - 12th Nov 19
Gold and Silver - The Two Horsemen - 11th Nov 19
Towards a Diverging BRIC Future - 11th Nov 19
Welcome to the Zombie-land Of Stock Market Investing - 11th Nov 19
Illiquidity & Gold And Silver In The End Game - 11th Nov 19
Key Things You Need to Know When Starting a Business - 11th Nov 19
Stock Market Cycles Peaking - 11th Nov 19
Avoid Emotional Investing in Cryptocurrency - 11th Nov 19
Australian Lithium Mines NOT Viable at Current Prices - 10th Nov 19
The 10 Highest Paying Jobs In Oil & Gas - 10th Nov 19
World's Major Gold Miners Target Copper Porphyries - 10th Nov 19
AMAZON NOVEMBER 2019 BARGAIN PRICES - WD My Book 8TB External Drive for £126 - 10th Nov 19
Gold & Silver to Head Dramatically Higher, Mirroring Palladium - 9th Nov 19
How Do YOU Know the Direction of a Market's Larger Trend? - 9th Nov 19
BEST Amazon SMART Scale To Aid Weight Loss for Christmas 2019 - 9th Nov 19
Why Every Investor Should Invest in Water - 8th Nov 19
Wait… Was That a Bullish Silver Reversal? - 8th Nov 19
Gold, Silver and Copper The 3 Metallic Amigos and the Macro Message - 8th Nov 19
Is China locking up Indonesian Nickel? - 8th Nov 19
Where is the Top for Natural Gas? - 7th Nov 19
Why Fractional Shares Don’t Make Sense - 7th Nov 19
The Fed Is Chasing Its Own Tail; It Doesn’t Care What You Think - 7th Nov 19
China’s path from World’s Factory to World Market - 7th Nov 19
Where Is That Confounded Recession? - 7th Nov 19
FREE eBook - The Investment Strategy that could change your future - 7th Nov 19
Is There a Stock Market Breakout Ahead? - 6th Nov 19
These Indicators Aren’t Putting to an Economic Resurgence - 6th Nov 19
Understanding the Different Types of Travel Insurance - 6th Nov 19
The Biggest Gold Story Of 2020 - 6th Nov 19
Best Money Saving FREE Bonfire Night Fire Works Show Sheffield 2019 - 5th Nov 19
Is the Run on the US Dollar Due to Panic or Greed? - 5th Nov 19
Reasons Why Madrid Attracts Young Professionals - 5th Nov 19
Larger Bullish Move in USD/JPY May Just Be Getting Started - 5th Nov 19
Constructive Action in Gold & Silver Stocks - 5th Nov 19
The Boring Industry That Hands +500% Gains - 5th Nov 19
Stock Market Chartology vs Fundamentals - 4th Nov 19
The Fed’s Policy Is Like Swatting Flies with Nuclear Weapons - 4th Nov 19
Stock Market Warning: US Credit Delinquencies To Skyrocket In Q4 - 4th Nov 19
Stock Market Intermediate Topping Process Continues - 4th Nov 19
Stock Market $SPY Expanded Flat, Déjà Vu All Over Again - 4th Nov 19
How To Buy Gold For $3 An Ounce - 4th Nov 19

Market Oracle FREE Newsletter

How To Buy Gold For $3 An Ounce

Trading Online: How to Find the Best Broker

InvestorEducation / Learn to Trade Oct 24, 2018 - 04:43 PM GMT

By: Boris_Dzhingarov

InvestorEducation

Online trading is a burgeoning global industry. The comfort, convenience, and cost effectiveness of financial trading brokerages has put paid to the institutional systems that governed the industry. Prior to the advent of user-friendly online brokers, traders, investors, and speculators were limited to institutional brokers in their ivory towers.

The age-old model favored the broker and the range of financial instruments that he or she was peddling to traders. In the days of old, traders would call their brokers, requesting them to invest in stocks, commodities, indices, forex, or bonds accordingly. Alternatively, brokers would simply recommend ‘company’ funds which benefited the brokerage enterprise and the broker who was paid a hefty commission.


Beneath the Veneer of Window Dressing

Nowadays, a veritable glut of online brokerages pepper the scene. It is increasingly difficult to source reliable information on these brokers given the opaque nature of many online activities. For starters, it is difficult to discern fact from fiction when an online broker does its own publicity by generating its own positive reviews. Additionally, the window dressing that unsuspecting traders are privy to masquerades as authentic, licensed and legitimate – but this is not always the case.

For these and many other reasons, it's imperative to have access to a structured set of guidelines to determine whether a broker is legitimate, cost-effective, and geared towards meeting traders’ needs. The literature on legitimate brokers covers many important topics, notably licensing and regulation, bonuses and promotional offers, range of markets offered, responsiveness of customer support, privacy and security of personal information, and banking options.Here you can find a list of the best online brokers for UK clients that have been vetted regarding those KPIs. 

FCA Licensing and Segregation of Funds

Foremost among the concerns that traders have when registering and trading online is licensing and regulation. There are several ranking authorities in Europe and the United Kingdom which are tasked with ensuring that financial services enterprises are legally permitted to offer trading and investing options to UK traders.

The FCA (Financial Conduct Authority) is the sole licensing body for ensuring that UK financial services businesses are allowed to provide CFDs, forex trading, futures, and government bonds options to clients. The best brokers should provide all the necessary trading services and options desired by clientele. These include CFDs (Contracts for Difference), forex trading services, social trading options with things like copy trading, et al.

The best online brokers stand out from the competition in several ways. For starters, they take pride in the user experience. User-friendly registrations, comprehensive account verification, validation, and confirmation, and clear KYC (know your customer) and privacy considerations are in place.

Beyond that, top-tier FCA-licensed online brokers also offer safeguards to clients in the form of funds protection in segregated accounts. This means that if a broker goes insolvent, or has liens or judgements against it, this will not adversely affect the trader since their funds are separated.

Value-Added Benefits Offered at Online Brokerages
One of the tell-tale signs of a top-notch online brokerage is educational resources. The world's finest brokers offer in-depth trading tutorials, guides, webinars, seminars, financial analysis (technical and fundamental analysis), market insights, and expert trading tips, tricks, and strategies. This type of information is invaluable to traders, and certainly warrants a berth on the ‘must have’ list of prerequisites.

This comprehensive strategy guide covers the most important elements. They have all been vetted for quality, safety, and reliability. These brokerages pass the litmus test for novice traders, intermediate-level traders, and professionals alike.

By Boris Dzhingarov

This is a Paid Advertorial.

© 2018 Copyright Boris Dzhingarov - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their prsonal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules