What are some legit stock trading websites? And is there a limit to how many you can purchase a week?

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, 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!

As for a limit, you can buy about as much as you can afford, and then some (if you're on margin)!

If you have any other questions, let me know.

Hope that helps!

Answer 2

Go with someone like etrade. First of all your account is linked to the bank account that you used to open it so if you want to shift some cash in or out you can do so easily.

Another thing is that whatever cash you have in your etrade that is just sitting, staying liquid or that you have not invested yet earns %6.00 plus. Better than any CD or bank account. Now you can find other sites that might give you slightly better rates on trades but you get what you pay for. All the services and options are worth a dollar or two. Plus as there is no payoff in constantly buying and selling fees are not really the issue.

Good luck and have fun. Once you learn more and more and you get to where you have a decent size account it will change the way you look at things and you will want to always want to put in more and more.

Answer 3

Scott Trade is a decent one. You can get real time quotes, etc. Rates are reasonable. No there is no limit as long as your funds availability allows (ie: You got the money honey you can make the trade)

Answer 4

sharebuilder not for anyone with any real amount of money. High fees but useful for those with little $$. Schwab.com as good as any. Never any limit.

Answer 5

Scottrade
Fidelity
Sharebuilder
TDAmeritrade

And many more.

You can buy as many stocks as you have money to purchase them. You open an account with one of the above brokers, fund you account with whatever amount of money you want to put in there in cash. Once your account is funded, you can buy and sell as you please.

Answer 6

Sharebuilder.com. I have been with that company for a year now and I love their service.

Answer 7

1) Zecco.
2) No.