Online broker comparison engine and educational resource IndependentInvestor.co.uk has urged new traders to take care in selecting their broker of choice, in order to choose the most suitable, most cost-effective solution for their trading needs first time around.
Online PR News – 20-December-2010 – – Leading broker comparison site IndependentInvestor.co.uk has urged new traders looking to get involved in spread betting, CFDs and share dealing online to exercise caution when choosing a broker, in order to find the best provider for their trading needs first time around.
With a growing number of Internet brokers tempting new clients with short-term offers and promotions, IndependentInvestor.co.uk believes it is essential for traders to choose wisely, helping to reduce the costs of their trading on an ongoing basis while also delivering the best service and functionality through their trading platform.
However, with credit checks and involved verification processes for most online brokers, it is difficult for traders to be in a position to check out every available option first hand, leading to countless numbers falling short with unsuitable or expensive brokers that aren't designed to meet their needs.
Phil Evans, a spokesperson for IndependentInvestor.co.uk suggested that while there are dozens of top quality brokers for traders to choose from, not all are best suited towards beginners, or investors with particular trading requirements.
"The market for online brokers across investment types has exploded over the last decade, and we're seeing consistent growth in the sector, with new brokers popping up left, right and centre on a seemingly weekly basis. For traders, this is essentially good news, with market pressures forcing brokers to offer cheaper and more effective solutions for their clients. However, with enhanced choice comes a greater responsibility, and it is crucially important for traders to make the right call when choosing their broker."
"Whether it's price, functionality or customer support, each broker has its own strengths and weaknesses, and given the friction in the sign-up process, finding out for yourself isn't always a practical or achievable target. At IndependentInvestor.co.uk, we're committed to putting in the legwork for you, and on behalf of traders worldwide, to make sure the process of choosing the right broker is as easy and as hassle-free as it can be."
IndependentInvestor.co.uk is an independent trading portal, comparing brokers from across different trading markets on a number of key criteria to provide traders with the most up-to-date picture of the market alongside basic, step-by-step resources to help traders perform.