Which is the best broker for online stock trading for starters?


broker
sarvendraharkishun asked:


I want to invest in stocks, trading and option trading, but i’m now starting out and have no, or little experience. I would like to know which broker I should join to do online transactions. Thank you.

This entry was posted on Monday, December 28th, 2009 at 12:00 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “Which is the best broker for online stock trading for starters?”

  1. jeff410 Says:
    December 28th, 2009 at 11:44 am

    I like Scottrade. $7 market orders, fast executions, good customer service when I need it, which hasnt been often. Their website provides a lot of good research information. jeff410

  2. Akasanoma Says:
    December 30th, 2009 at 9:55 pm

    Can’t say for sure. But I use Schwab. E-trade has some questionable practices such as charging you maintenance fees on an account which contains worthless stocks. They won’t close your account unless you have sold all your stocks. Some stocks are worthless, i.e. no one will buy them. E-Trade will not close your account unless you sell these stocks that no one will buy. That way they can keep charging you maintenance fees. They will not even accept the stocks as a donation so you could close the account.
    I suggest you visit the broker’s web site and find out what they offer in the way of free (or paid ) research and what useful features they have in their brokerage that would quickly make you a savvy investor.
    Sometimes when you go on the cheap what you get turns out to be expensive so don’t pick the cheapest broker, especially if you don’t really know what you’re doing. Akasanoma

  3. Common Sense Says:
    December 31st, 2009 at 12:55 am

    I use Scottrade. But, for a new trader I would suggest Schwab. They’re better suited to assit with questions you may have. Common Sense

  4. alnjk Says:
    January 2nd, 2010 at 8:29 am

    Definitely Scottrade or Ameritrade. alnjk

Leave a Reply