An online broker is a financial company that helps you buy and sell stocks and other assets, generally through a trading platform. In exchange for their services, brokers charge a fee, also called a commission. The size of this may differ greatly from broker to broker. There may be a fixed flat fee after each transaction, or a percentage of the value of the transaction, or a mixture of both.
If you want to invest in stocks, going through an online broker is the simplest and most cost-efficient way. Of course, it is also possible to walk into your local bank branch and buy stocks there, but this is usually slower and costs more. Today, there are many very good, safe online brokers that offer services at attractive prices, so we recommend that you choose one of them. Use our broker selector tool to find the right one for you!