What are online brokers

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.

Compare broker fees

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!

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Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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