What is a good onlie broker with no minimum and a good deals and prices per. trade?
♥JaM3rIcaN PrInNc3ss asked:
I am 15 going on 16 and a first time invester. I have been analyzing the stock and have a minimal amt of money. I have lloked at zecco and sharbuilder as well as a few others, but most have a $1,000-$2,500 minimum. So plz in your experince and opinion which broker site would be suitable for me…Plz n thx
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I am 15 going on 16 and a first time invester. I have been analyzing the stock and have a minimal amt of money. I have lloked at zecco and sharbuilder as well as a few others, but most have a $1,000-$2,500 minimum. So plz in your experince and opinion which broker site would be suitable for me…Plz n thx
March 24th, 2010 at 1:09 am
Zecco is pretty good, with $2500 in your account there are no fees and trading is free. Otherwise its $4 per trade which is pretty low. It also has free research and profit and lost. spitgame116
March 25th, 2010 at 9:56 pm
If you’re asking about bokerages, 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. Kiplinger does one too.
Here’s the link to the 2006 Barron’s article.
Here’s the link to Barron’s 2007 – Best online Brokers 3/5/07
Here’s the link to the Kiplinger’s July 2006 article which isn’t bad either.
The had a couple other articles as well.
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!
If you have any questions, let me know.
Hope that helps!
P.S. I just found a link to a review of reviews as well! Here it is: Yada Yada Yada
March 27th, 2010 at 2:47 pm
sharebuilders John N
March 28th, 2010 at 11:49 pm
I like TD Ameritrade…Its pretty good…$9.99 for each trade. Romeo::: ~