2007-03-18 17:50:32 · 5 answers · asked by Dirk von Pelvis 1 in Business & Finance ➔ Investing
The answer by its nature is going to be somewhat subjective.
Ameritrade has a flat 9.99 commission. Their research offerings however are somewhat limited as is their their interest on cash balances.
For cheap commissions, Scottrade is very reasonable at 7.00.
For research offerings Fidelity is good. Their commissions are somewhat high unless you are planning on making a large number of trades or maintaining a high balance.
I suspect Frank Castle is correct reguarding E-Trade. I do not have any 1st hand experience with E-Trade.
2007-03-18 21:43:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
For most of the people on Yahoo Answers (folks who are just starting out and don't have a great deal of money to invest) it's best to go with an online broker that has low commissions and doesn't charge a yearly service fee.
Scottrade and Trade King both meet these criteria. I've also heard of a broker that doesn't charge comissions (starts with a Z) don't know if its legit.
2007-03-19 00:56:19 · answer #2 · answered by Adam J 6 · 0⤊ 0⤋
Scottrade is the lowest cost "well-known" broker as far as paying commissions at $7.00 per trade. They also have an outstanding reputation as well.
2007-03-19 03:37:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Cheaper is NOT always better (especially hwen Zecco and sogo are concerned) Scottrade is my preferred choice.
2007-03-19 09:37:27 · answer #4 · answered by Anonymous · 0⤊ 0⤋
E*Trade (If you have more than $25,000.00 USD and less than $250,000.00 USD)
2007-03-19 02:19:03 · answer #5 · answered by Anonymous · 1⤊ 1⤋