What is the best website to buy stocks online?

Question

My mother wants to start investing online and she has $1000 to start I dont want to waist her money, please help.

Answer 1

There are a lot of good brokerages depending on what your mom likes and how she'll trade.

Barron's has a great article on brokerages that they publish each year. (Latest one was in March 6, 2006). Kiplinger does one too.

Here’s the link to the Barron’s article.
http://webreprints.djreprints.com/1550280182488.html

Here’s the link to the Kiplinger’s July 2006 article which isn’t bad either.
http://www.kiplinger.com/magazine/archives/2006/07/brokers.html


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 2

there are an excellent type of fantastic on line brokers. the price (fee) for procuring 10 stocks will be below $10.00. you may heavily take a even as in the previous you purchase any inventory to benefit the fundamentals of inventory making an investment. basically procuring the stocks, without understanding isn't too a techniques off from basically playing. you'll make blunders which will value you money.... choosing a broking service while not having an theory of what you want in a broking service is like procuring a automobile because some stranger says it truly is sweet. That makes little experience.

Answer 3

I like scottrade.com as well, for the tools and ease of navigating through their website. Their fees aren't that bad either. If you're a day trader, who trades a lot, or even momentum trader, I'd suggest interactivebrokers.com Their fees are ridiculously low, however, they don't offer many of the niffty tools that you would get from scottrade.... I personally have account in both, so I use the tools from scottrade and make the actual transaction on interactivebrokers.... saves me THOUSANDS each year...

Answer 4

I use Scottrade. They are more than adequate. But your mother isn't going to get stock advice. She will get cheap commissions, still $7 for most things, though there is an extra charge for OTC stuff, but it isn't bad.

Answer 5

I used Sharebuilder.com. You can pay a montly fee or you ocan pay per trade

Answer 6

SogoInvest.