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Hi there! If you’re new to investing, it might seem like a daunting task. You might not know how to start or how to decide where to invest your money. Well, we’re here to help! Here are 4 things to consider when choosing an investment platform.
1. Type of investment
There is a wide range of investment options, but most platforms do not offer them all. Decide how you want to invest your money and review platforms that have those products.
2. Fees
The point of investing is to earn money, but high fees can reduce your returns. Review the platforms’ administration fees and determine which ones align with your budget.
3. Usability
Some platforms are catered toward seasoned investors and are more complex to use. Find a platform that is suited to your experience and investment knowledge.
4. Service
If you have questions about the products or need help troubleshooting an issue, you will have to reach out to someone for support. Quality customer service can make a difference in your experience. Read feedback about what customers are saying about the support available.
Have other tips for what to consider? Share them in the comments!
Thank you, keep investing, and bye for now.
*As with any investment, your capital is at risk and the investments are not guaranteed. The yield is up to 6.75%*p.a. Before deciding to invest, please review our risk statement or consult with a financial advisor if necessary.