Looking for a cheap or deep deep discount broker for self-directed investor in US.
2007-03-30 16:14:29 · 5 answers · asked by Invest-888 1 in Business & Finance ➔ Investing
Probably Interactive Brokers
http://www.interactivebrokers.com/en/main.php
They don't offer much guidance/assistance in picking trades, but a lot of options traders like their rates.
Also remember that you need to look at your total cost, not just your commissions. Fees and interest rates vary between brokerages and could cost you more than commissions.
2007-03-30 16:28:06 · answer #1 · answered by zman492 7 · 0⤊ 0⤋
How does no charge sound to you:
http://www.zecco.com/
I use Scottrade. I'm in the process of leaving them for "ThinkOrSwim", the #1 rated brokerage by Barron's.
On average it may cost you more than Scottrade, but, their platform is simply incredible. Try out their "paper money" demo version (not the web based.... the "software based".
Spend some time with it.... it brings a whole new definition to trading.
2007-03-30 23:48:11 · answer #2 · answered by Common Sense 7 · 0⤊ 0⤋
I use tradeking which charges 4.95 commissions and 0.65 for options contracts.
I've heard of a company called Zecco which has free stock comissions and charges 3.30+0.65 for options.
2007-03-31 02:11:54 · answer #3 · answered by Adam J 6 · 0⤊ 0⤋
TradeKing ($4.95), SogoInvest ($3.00), Just2Trade ($2.50) and Bank of America ($0.00)
2007-03-31 17:29:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋
well at this time reliacne money coz they charege fix brok. so reliance money is best
2007-03-30 23:24:43 · answer #5 · answered by satyen2073 2 · 0⤊ 0⤋