We’re not saying that by switching brokers you will automatically become a better trader and put on more winning positions.

But by dealing through a more appropriate broker for your trading you can reduce your execution costs and use tools that can help you protect your positions for market volatility.

One of the most important factors when choosing a broker is cost.  Obviously, the main cost of trading is if you can the market right and your position makes money.  But you must all factor in commission and fees.  By comparing the spreads and commission charges of the major brokers you switch to a broker that makes your trading more efficient.

For example, if you trade ten times a day every day and your average trade size is 10,000 shares or £10 per point. Your costs could be (on a one point market) £20,000 a year.  If you switch to a broker where the commission is 20% cheaper then you P&L would be £4,000 better off.

Or, you can use an options broker to buy portfolio protection. Not all brokers offer options, so check our options comparison table to see if there is a broker that can cater to your overall trading as well as hedging.

Likewise, some brokers offer better execution tools like guaranteed stops, limit entry orders, reducing slippage and DMA.  By executing orders and protecting your positions you can reduce your losses.

To switch to a better broker review our comparison tables and switch to a better broker today.

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