2006-11-16 19:53:40 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
Most brokers have a table that you can get a copy of. Depending on how active you are, the amount you pay can increase/decrease as well.
In general, nowadays, an online broker is the least costly for transactions. Generally, you can pay from $1 to $15 or more online vs. most likely $30-$150 for full service brokers.
There are a lot of good online brokerages depending on what you like and how you trade.
Barron's has a great article on brokerages that they publish each year. (I'll try to find you 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!
2006-11-17 05:36:47 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 1⤋
some charge flat per trade, per month few carge as per total trade size
it varies from 0.10 to 0.75 % + tax of you trading volume
but it is minor part of whole game
u have to do it at right time highsell low buy
for it try aptistock freeware
detail in my other answer
2006-11-16 20:02:43 · answer #2 · answered by dinu_pawar 5 · 0⤊ 0⤋