Among the best sites for online arbitrage are those that offer private brokerages. Private brokers use their experience and knowledge to arbitrage in and out of the stock market. This means the broker is able to place orders on behalf of you and he acts as a middleman in the transaction.
The biggest benefit is that you can place your order for retail arbitrage from a private broker. This means you don’t have to deal with brokers, you don’t have to pay commissions, you don’t have to open accounts, and you don’t have to wait weeks or months for their return. All you have to do is follow the instructions given to you by the broker and watch the stock price move in your favor.
Private brokers do the same thing and sometimes better than a single broker that deals in public exchanges. They make more efficient decisions because they can observe the market and there fore are able to spot losses before others can.
Of course, not all brokers are good. There are even bad brokers out there who get you involved in deals that you probably don’t want to be in. Here’s how to choose the best sites for online arbitrage:
Ask what they offer: Most sites will tell you that they will trade any of the major exchanges and will include the data from the different exchanges. However, not all of them offer the same services and some will require you to place your order directly through them. Check what they have to offer and if they offer the services you need.
Wholesale or retail arbitrage: One of the most important things to look at is the difference between retail and wholesale. Retail arbitrage is the process of placing your order through a private broker. These are the people who act as a middleman and get you into the stock. They receive a percentage of your purchase price, usually 20% if the trade is a buy order.
In addition, they usually charge you an additional fee and will profit on the difference between the retail and wholesale price. Retail arbitrage is the best sites for online arbitrage, but they will get you into stocks, commodities, mutual funds, and other highly liquid assets.
Private brokers will never offer these types of services, but they still provide a wide range of services. Their main function is to act as a middleman and if you want to take advantage of the purchasing power of the major exchanges, they can help you with that as well.
Great prices: The best sites for online arbitrage offer a lot of great prices on all of the services they offer. Because the prices are so low, they are able to pass on their savings to you, the customer.
Same day trades: Some wholesales offer same day trades, but most don’t. While this can be expensive, the convenience is worth it. Your order will be placed right away and you can start receiving the results immediately.
Private brokers are great but remember that not all brokers are equal. So, the one you choose should be the one who offers the best services and price you a better deal.
You can find a full review of all the best sites for online arbitrage by going to the site itself and reading the reviews. This way, you can be sure you are choosing the right broker.
