What questions should you ask your online broker?

All online brokers are not created equal. There are significant variances in service quality, regulatory compliance, and cost. So, before you decide where to put your money, ask your broker these questions.

Do you have a financial market regulator's license？

　　This is a crucial point. Inquire about an over-the-counter derivatives provider (ODP) license from online brokers who sell contracts for difference (CFDs). CFDs are a sort of derivative that allows a trader to profit from changes in the price of an underlying asset without actually owning it.

　　Do you have a South African office that I may visit？

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