After you have made the decision to dive into the world of investing with a broker or brokerage you imagine that you will be dressed in your power suit and rubbing elbows with high investors in the marketplace. However, as a novice or newbie to brokers or brokerages, many ask what will a broker cost me?
Many new investors ask what the cost is for using a broker. Buying investment opportunities such as certificates of deposit, money market accounts, money market funds and stocks using a broker will cost you a fee. This will vary among brokerages.
Understanding your own needs and requirements is the first step to choosing the right type of broker.