Thursday, September 4, 2008

Tips for online banking

.Receive full disclosure, prior to opening your account, about the alternatives for buying and selling securities and how to obtain account information if you cannot access the firm's Web site.
.Understand that most likely you are not linked directly to the market, and that the click of your mouse does not instantaneously execute the trade.
.Receive information from the firm to substantiate any advertised claims concerning the ease and speed of online trading.
.Receive information from the firm about significant Web site outages, delays and other interruptions to securities trading and account access
.Obtain information before trading about entering and canceling orders (market, limit and stop loss), and the details and risks to margin accounts (borrowing to buy stocks).
.Review the firm's privacy and Web site security policies and whether your name may be used for mailing lists or other promotional activities by the firm or any other party.

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