Connect with us

Annuities

How to Invest: 15 Questions to ask your Broker

Published

on

 

Before you decide on a broker, ask the following questions. If they can answer without hesitation, you’re headed in the right direction.

Definition-of-broker
1. How long have you been a broker?
2. Can you tell me about your company’s financial condition? (ask to see their balance sheet)
3. How are your relationships with major banking institutions?
4. Where do you get your rate quotes from? (broker, bank or banks)
5. Are your spreads variable or fixed?
6. How tight are your spreads?
7. Does your brokerage offer fractional pip pricing?
8. What, if any, are your firm’s trading restrictions?
9. Do you permit scalping?
10. Will I earn interest on positive rolls?
11. Is there an opportunity to earn positive rolls at all margin levels?
12. Where are your rollover rates displayed?
13. Does your trading platforms allow hedging?
14. Do you have any policy in place to prevent me from losing more money than I put into my account?
15. Do you offer around the clock customer service availability?

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up For The Capitalist Newsletter

Copyright © 2023 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

SUBSCRIBE TODAY AND GET A FREE GIFT from our editors at the capitalist

The Capitalist will send you business and markets news, data, analysis, and videos from the world.