If you want to make the most out of your investment and decide to place your money in the money market, and unless you are a broker, you will need to pay somebody to do your trading for you. You will have to incur commission costs. Even as money markets have now gone on the Internet, you will still have to pay broker’s fee. However, unlike trading with a broker at the traditional floor exchange, online brokerages usually charge lower commission fees. Indeed, due to the tight competition among online brokers, you can even manage to avail of a free online trading.
As more and more people get involved in online trading, competition is getting stiff. In fact, companies engage in a lot of advertisements to attract more investors. There are banners that tell of their brokers’ wonderful achievements, claims of making other investors’ stocks earn double in the first three months and so on. Surprisingly, they still do not attract as much customers as expected. To get their fair share of customers, some brokerages offer free online trading for a specific period (usually a month) if you subscribe to their service. So if you are interested in saving up on broker’s fee, you might want to try these free services out especially if you are just starting out and is merely keen on trading a few stocks.