Do you know of any?
2006-11-27 07:36:50 · 5 answers · asked by Anonymous 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).
But 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!
2006-11-27 08:25:11 · answer #1 · answered by Yada Yada Yada 7 · 4⤊ 0⤋
Scottrade offers $7 stock trades with no inactivity fees, account maintenance fees, etc.
2006-11-27 07:40:20 · answer #2 · answered by Mr Chris 4 · 1⤊ 0⤋
Bank America is scheduled to have no fee stock trading accounts for people who will deposit 25,000 into their bank. Other than that Trade King is about $5.00 and Scottrade about $7.00.
2006-11-27 08:52:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
TradeKing.
2006-11-27 07:41:39 · answer #4 · answered by Anonymous · 0⤊ 1⤋