Find Brokers With Mobile Stock Trading Support
Mobile trading is one of the newest and coolest trading tools being offered by brokers in the marketplace today. Mobile trading allows investors to monitor their positions any time of the day or night, no matter whether they are at home, in a restaurant or hiking in Yellowstone National Park. Wherever there is a signal, traders can execute trade orders, allowing them unprecedented access to their money.
So, where would you find such an online stock brokerage and what do you need in order to become wireless? Most brokers are offering this service now. Big names like E*Trade, TD Ameritrade and others allow their customers to access mobile trading platforms via iPhone, Blackberry, or iPad technology 24 hours a day, seven days a week.
When it comes to finding a broker with a mobile trading platform, how do you know which one is best? Here are a few ideas to get you started:
- Use a mobile platform that is compatible with your phone. While this might seem obvious, many traders assume that if a broker offers a mobile app for one phone type, then they will also automatically offer one for any phone. Unfortunately, this is not the case. As a matter of fact, most will only offer mobile applications for one or two phones, and typically, it will only be for the more popular models (think Blackberry and iPhone). So, before you sign up and fund your account, make sure that your broker of choice offers a mobile app for your phone.
- Make sure that you are comfortable with the broker (beyond the mobile trading support). The mobile trading feature is great but if a broker's other features and services are subpar, then it's better to consider other options. There are many top investment brokers available out there that you can evaluate for your needs.
- Get an unbiased third party opinion. Not all services are created equal. So when choosing among brokers that offer mobile services, turn to financial publications that rate these services, such as Kiplinger's, SmartMoney, and Barron's to see how they stack up against each other. These publications employ financial experts that put these brokers through the ringer and offer some of the most comprehensive and well-respected “opinions” in the business. These reviews are available for you to check out online, and can help you with making your ultimate decision about where to put your money.
Mobile trading applications make accessing your investment portfolio easy and convenient. This is still a relatively new technology and while several of the larger brokers offer it in some form, many smaller brokers haven’t yet integrated this capability into their product offerings as of yet. For those that do, finding one that will work with your existing cellular telephone and offer the features you want can be tricky, but if you do your homework, you should be able to find a broker that will meet all of your needs.