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How do I select a stockbroker?

I have been part of a share market club for two years and am looking to start trading. How do I select a broker?

You need to work out what sort of approach to investing you will take. Will you adopt a buy-and-hold strategy for the long term, or are you going to be an active trader?

Some brokers will charge more because they provide access to online tools, charts, live market data and research services.

If you are trading regularly, say at least once a week, then your main objective will be finding a broker with low commissions. 

For advice you can trust book a complimentary first appointment with Switzer Financial Services today.

Important information: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. For this reason, any individual should, before acting, consider the appropriateness of the information, having regard to the individual’s objectives, financial situation and needs and, if necessary, seek appropriate professional advice.

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Published on: Thursday, May 12, 2011

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