Many Features Are Important For Good Trading And Rediplus Is By Far The Most Important
Other features that you must make sure you broker can offer you are instant portfolio reporting, trade reporting with time and sale, date protection, tick by tick trading capability, P&L monitoring and quote to quote windows to watch all indicators for any number of stocks you may want to follow.
Most brokerages have been successful in installing these sophisticated technical features on offer to their clients, but also consider the basics, and make sure your prime broker addresses them. Make sure your broker is able to manage accounts of any size, since you don’t want to be limited, or have to move to another broker once your portfolio grows. In this quick paced environment, a top notch execution team is critical to the success of your investments, so make sure you broker has a superb back office staff behind him. Another important feature that any good broker should be able to offer is direct access to all three big exchanges, Amex, NYSE and Nasdaq; a Rediplus trading platform will automatically do this. Visit and check twitter to get ideas about the issues.
The next important feature to watch for in a broker is that you can take advantage of trading both options and futures if you decide to. Just because you are currently not involved in options and futures, you should not deprive yourself of this additional trading opportunity for the future. Another important feature that you should have available, even if you do not use it, or are not eligible for it currently, is margining. How you trade, the size of your portfolio and new market opportunities may mean that someday you will be trading in a different manner, and you need to be prepared for any future growth or change.
If a broker can offer all of these features, you are finally ready to look at that all important issue, pricing. Studying the markets and making bold and intelligent trades is only going to get you so far, if all the profit your hard work earns is hit with high fees and commissions, so be sure your prime broker is as competitive in pricing as he is in features offered.