Basic 8 features to consider when choosing a broker with which to operate in the United States are:
- Commissions Per Transaction
Commissions are the fee charged by the broker each time we carry out a purchase or sale operation. A good broker has costs for flat transactions, that is, no matter the amount or number of shares of each operation, the commission will always be the same.
- Customer Service
Prompt response to questions or complaints is essential for any broker, so those operating in the United States should not be the exception. You must provide the client with efficient means of communication to answer the requirements in a timely manner and in a short time.
- Minimum Deposit
If you are starting with brokers operating in the United States it is important that you verify how much the broker asks for as an initial deposit. There will be some that will allow you to start operating with small amounts of between 10 and 100 dollars, others ask for higher amounts of between 250 and 500 dollars, and others do not ask for anything to start operating since they offer you the option to lend you the capital initial.
- Trading Tools
Of course, you should verify that the broker has not only the financial instruments to invest in but also the trading tools, such as MetaTrader, to do so in order for the investor to make the best decisions and have a greater probability of success in your operations.
- Additional Charges
Are there hidden fees or additional charges for services? It is important that you know them before choosing a broker.
- Diversity of Ways to Invest
A good broker not only allows you to invest in stocks, but also offers the investor a wide range of investment methods such as options, ETF’s, mutual funds, bonds, etc. When selecting the broker you wish to start working with, make sure it is qualified under a specific regulation, there are several regulations related to geographical regions, US, Canada, Australia, etc.
- Taxes
It is important to note that if you are a resident of another country and want to open an account in a broker that operates in the United States, you must pay taxes to this country for the transactions you make.
- Payment Methods and Withdrawals
The most common is that US banks are used to operate with shares in this country. But for investors living in other countries it is important that the broker offers other options to deposit and withdraw money, such as Visa or MasterCard, Skrill, Netteler, among others.
If you are thinking of investing in North American companies, you should choose among the best brokers to operate in the United States. Remember to check if your country is allowed to invest in a specific broker and remember to consult the regulation under which it is licensed.
Disclaimer: This content does not necessarily represent the views of IWB.