Which online investing company would you use (eTrade, Scottrade....)?

Question

I'm about to try online stocks and investing and was curious which most of you use.

Answer 1

Interactive brokers. 1$ a trade for stocks or options, and access to international exchanges.

Answer 2

Ehm..
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org

I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.

As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
Good Bye

Answer 3

well, since I invest to make money, I go with Scottrade due to their lower commissions.

Answer 4

At Fidelity their fees are somewhat higher, but they offer very good interest on cash balances and have excellent research material. Also they offer free purchases of t-bills. I use Fidelity. If you plan on making a lot of buys and sells, their fees drop based on volume and become as low as $8.00 a trade.

Answer 5

Scottrade is alright. I would avoid E*trade. Like idiots, they extended themselves out into the subprime world and have taken an ugly hit on their books. Does this mean they are going under? Who knows. Its too soon to tell for them, but considering they offer such low rates, their customers are going to soon fell the pain of E*trade's errors as they are going to need to generate revenue somehow to offset the damage to their books. I would keep that in mind, and avoid them altogether.

Answer 6

Scottrade has low fees, and lower minimum orders. They also tend to increase gains when selling by a tiny percent because of the way they execute trades. E-Trade is undergoing lot of difficult issues, and it is a takeover target, and if they get bought out, they prob. will have some issues moving accounts and such.

Answer 7

You know, as an observation, folks who are confident enough to do their own online trading without help generally are confident enough to pick their own trading site, too.

No offense intended. Just an observation.

Answer 8

I used both, and kept Etrade.

Answer 9

I would consider spreading my risk by investing in a mutual fund. The fund managers spend all day every day analyzing many many individual stocks that you couldn't possibly analyze if you spend your day doing anything else.

I'd buy my shares directly from the funds themselves so as not to pay any additional fees.

I'd look at Vanguard, American Century, and maybe certain Fidelity funds.

Answer 10

Scottrade offers lower trading fees.