What is the best stock broker?

Answer 1

Unless you have a lot of money to invest, a million plus, an on line broker is perhaps the best. The other brokers do not wish to be bothered with you in general. There are exceptions but they are exceptions.

Among the on line brokers, there are basic brokers which allow you to trade stocks at minimal cost. TDAmeritrade and Scottrade and TradeKing are among those with fees ranging from $6.00 to 10.00 per trade. Then there are the ones that offer somewhat greater services for somewhat higher costs. Schawb and Fidelity and ETrade fall into that category. They offer more research material and somewhat better customer service in general for a somewhat higher commission in general. Fidelity for example has about a $25.00 commision per trade for small accounts but offers a wealth of research material.

Answer 2

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Answer 3

There are a lot of good brokererages depending on what you like and how you trade.

Barron's has a great article on brokerages that they publish each year in the spring. (I'll try to find the link)

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!

Answer 4

Despite their volatility, trading penny stocks can be extremely lucrative. Here are three ways that you can profit from investing in penny stocks https://tr.im/Gfvog

The good news about penny stocks is that you can buy a good amount of shares without going broke. It’s thus easier to get a good stake in a company for less than you would pay for stock of a larger organization. To find a company that you feel confident investing in, make sure to do your research. Don’t just choose a company because you saw an article about it, or because your friend is investing in it.

Answer 5

For online stock broker, I tried a couple and like Ameritrade.

Hope it helps if that is what you are looking for.

Answer 6

The one who has a millionaire as a client. Truthfully, it is all a bit of a crap shoot. No one has a crystal ball and they can just advise you. If they were so great they would not have to be working like the rest of us.