2006-11-07 09:45:33 · 7 answers · asked by stevenpdk2000 1 in Business & Finance ➔ Investing
There are a lot of good brokererages depending on what you like and how you trade.
Barron's Online has a great article on brokerages that they publish each year. (I'll try to find you the link for the March 6,2006 article)
For basic stuff, E*Trade, Ameritrade, and Scottrade are sufficient. For more complex trades, I'd recommend Optionsxpress, ThinkorSwim, or interactivebrokers.
Based on what you put in your question, I'd recommend one of the first three, but all are very good. Cheapest probably is scottrade (of the larger online firms). Yes there are cheaper like interactivebrokers, but you'll have to get used to their software based platform (which is doable). They're only about $1/contract on options!
Brokerages like Fidelity are horrible for anyone with any decent experience.
So, decide what's important to you as a trader and compare the brokers! You can use the article, or go to each website as they all seem to have comparison charts!
And if there are particular things that you want to mention as being most important to you (such as executions, cust svc, cheapest trade - which you mentioned, flexibility on allowing you to do certain types of trades, stop and stop limit orders, contingent orders, great graphing, what if scenarios, training, etc), I'll be glad to help discuss this with you too!
If you have any questions, let me know.
Hope that helps!
2006-11-09 14:35:47 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
Hi.
Yes I would suggest you try Stocktrade.co.uk. This is the execution only division of a large group.
However, you may also wish to look at your own bank as they usually have facilities to trade stock and will easily and quickly setup an account for you to get started instantly.
They may even have favourable rates for current customers.
2006-11-07 09:49:41 · answer #2 · answered by faustinoiv 1 · 0⤊ 0⤋
I've been satisfied with Scottrade... good service at the right price of $7 for most trades. They've also won numerous awards.... check them out: http://www.scottrade.com/
2006-11-07 10:28:40 · answer #3 · answered by Mike S 7 · 0⤊ 0⤋
Scottrade.com will sell you stock for about $7.00 per transaction.
Schwab.com will charge about $9.00 per transaction.
Also check out Tweedy Browne.
I have had accounts with both Schwab and Scottrade and recommend both of them
2006-11-07 09:49:02 · answer #4 · answered by Richard E 4 · 0⤊ 0⤋
anybody named Steven, those kind of guys R good at anything. lol.
best of luck.
2006-11-07 09:47:11 · answer #5 · answered by K L 3 · 0⤊ 0⤋
I have had no problems with "scott trade".
2006-11-07 10:44:13 · answer #6 · answered by Kitty 6 · 0⤊ 0⤋