What website has the cheapest place to buy stocks?

Question

and help with doing so..........

Answer 1

There are a lot of good brokerages depending on what you like and how you 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

I like FOLIOfn. For people that make less than 50 transactions a year, it can be as low as $4/trade and $14.95/trade for market or stop/limit trades. For people that trade more often than 50/year and don't need to trade market or stop/limit trades, you can buy and sell stocks two fixed times a day for a lot less than $4/trade. The more you trade, the cheaper per trade because you pay a flat fee ($199/year) regardless of how much you trade. This brokerage company works best for those of us that don't day trade.Trades can be made in specified dollar amounts instead of a certain number of shares, making it very easy to set up trades for those of us that want to have portfolios that are dollar diversified. As some stocks go up in price and others go down, you can very easily dollar re-balance your portfolio. This would only be something you'd want to often do if you enrolled in one of the yearly plans. It's very easy to buy, sell and re-balance portfolios with a large number of different stocks on this web site. They list sample portfolios that have performed well for your use. I don't personally recommend using this feature. They also allow you to back-test your porfolio(s) to see how well it performed compared to popular stock indexes. Don't look here for advice and info about specific stocks. Yahoo Finance is a good place to start looking for specific stock and industry info.

Answer 3

Zecco.

Answer 4

ameritrade and etrade won't help, stick with schwab.

Answer 5

www.ameritrade.com?
or
www.etrade.com
or
www.schwab.com