2006-10-28 16:49:19 · 5 answers · asked by spencer 3 in Business & Finance ➔ Investing
If fees are your only concern, TradeKing has really low fees. About $5.95 a trade. Scottrade is right behind the at $7.00. TDAmeritrade at $9.95. I disagree with one responder. Fidelity has somewhat high fees $24.95 unless you have a balance of one million or more or trade like mad. ETrade has low fees also if you trade like mad. Fidelity has the best research hands down.
2006-10-29 00:58:56 · answer #1 · answered by Anonymous · 1⤊ 1⤋
the previous answer was for lenders, is that the kind of broker you are looking for?
for investing "brokers" i avoid them. Invest direct, some companies you can write and some are listed through web sites.
this is the one i use:
https://www-us.computershare.com/investor/default.asp?cc=us&lang=en&bhjs=1&fla=1&theme=cpu
after i find a company that meets all the regular investing criteria then i look at the fees. I usually only buy stocks from companies that have a sales fee of $15 or less and they waive or pay all other fees.
2006-10-29 00:33:11 · answer #2 · answered by hogie0101 4 · 1⤊ 0⤋
Why would you use a broker? All they do is get rich off of fee's You should try a direct lender. I work for one and the broker's send us the loans anyway. (cut ou the middle man).
2006-10-29 00:01:06 · answer #3 · answered by karrie r 2 · 0⤊ 1⤋
According the JD Power's 2005 study Scottrade is the best on-line brokerage firm (see: http://www.jdpower.com/finance/ratings/online_investment/index.asp ) However, personally I use Bank of America's on-line services https://www.baisidirect.com/index.html and I like them alot and find there customer service representatives very helpful (I have used Fidelity, Vanguard, and T.Rowe Price and have no complaints about them either).
Read the articles and help at Investingonline.org for more help as well and good luck investing!!!
2006-10-29 07:55:22 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Not sure about full-service brokers. For on-line trading, it depends on what you look for. Bank of America has recently started to offer free on-line trading to their customers; there're some restrictions, and I don't know what their research tool is like. Zecco.com offers free on-line trading, but their research tool is not that good. Scottrade ($7 per trade) and Fidelity ($9 per trade) have easy-to-use interface and above-average research tool. Ameritrade has fine research tool but poor interface.
2006-10-29 01:30:43 · answer #5 · answered by All About Stocks (Yahoo Group) 1 · 1⤊ 0⤋