2006-07-06 03:51:23 · 5 answers · asked by Jack T 2 in Business & Finance ➔ Investing
Try E*Trade
Currently offers 100 free trades when you open new account.
2006-07-06 03:55:56 · answer #1 · answered by D 2 · 0⤊ 0⤋
You don't give us much info here, or what your criteria are or your agenda or goals.
Are you trading stocks, commodities, futures, options, or all of these? If the latter, TerraNova is the only one that you can trade everything, real time, online, direct access. A lot of online brokerages claim to give you direct access, but if they take more than a second to execute your trade, it aint direct.
Find the articles online that have evaluated and compared online brokerages. I found a good one online in Barron's, but you'll find others in the trading magazines.
This is worth putting a little time and effort into, because it's a pain to switch, so once you choose, you're kinda stuck with it.
Townsend Electronics, the Parent company of TerraNova, is the one that digitized and electronified the Nasdaq. They are technological industry leaders and have a powerful and well built trading system.
I use RealTick at TerraNovaOnline, but it costs $275/mo, even though it is unlimited what you can do with it. I think the Investor package is free to use, and just uses one screen.
What you should try is a free trial of their Investor platform, which is free. You only get one window to trade from. Their rates are good also, but of course, it depends on how often you trade. It will take you months to learn all the bells and whistles of what this program can do.
The other top-of-the line program is TradeStation, but it costs big bucks to join and operate. Some people consider it the Cadillac of trading and technical analysis.
TerraNova is the home of the Day Trader, so they think nothing of you making several hundred trades a day. You don't have to do that, but it's okay here if you do. If you are an active trader, commissions go down to $2 per trade.
2006-07-07 01:36:23 · answer #2 · answered by dredude52 6 · 0⤊ 0⤋
There are many online brokers that will open an account for "free", but you still have to have some money to deposit in the account. Usually it is a minimum of either $500 or $1000. Then you can buy and sell shares of stock with that money. I think Scottrade.com has commissions as low as $7 per trade.
2006-07-06 10:56:35 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you are worried about commision prices
you should use TD Ameritrade. They charge $10.99 per trade no matter how many shares you buy.
Other low commision brokers are a scam. After 1000 shares all other brokers charge you a fee of .01 per share. Including E-Trade.
You can open up a TD Ameritrade account for free.
2006-07-07 20:17:43 · answer #4 · answered by Olivia 4 · 0⤊ 0⤋
Scottrade costs just $7.00
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2006-07-07 03:11:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋