Online Brokers Trading Commissions Explained
The lower trading commissions have transformed how retail investors trade stocks. If you are looking solely on price, it's quite easy. But if you are looking at the different options pass the price, then the decision isn't so easy.
The reason why many people are looking at OptionsHouse is due to its cheap stock trades. If you are looking for a trading platform that works and is cheap, look no further.
If you don't mind the bad publicity and the fact that they might change the rules again, Zecco isn't a bad choice. Currently, they still offer free stock trades for those that have $25,000 in assets or trade 25 times a month.
OptionsXpress is pretty awesome because they are a great options broker. However, their stock trades are $14.95 which is pretty high. This one is for those that don't mind paying a little extra for a good broker.
Wells Trade is totally integrated with Wells Fargo so it's easy if you are a Wells Fargo customer. If you have $25,000, you get 100 free trades. Otherwise, it's $19.95 so only use this option if you have the funds.
One of the best discount broker is TradeKing, because of its amazing customer support. Their $4.95 a trade made headlines back in the days and continue to be one of the best options out there.
Etrade has a special place in my heart because that's who I started with. The broker is solid and the pricing is $9.99 ($12.99 if you have less than $50,000 in assets).
Scottrade offers seven dollar trades, which isn't bad but not the cheapest. However, their customer support is second to none and they also have the most branches nationwide. In addition, they are the cheapest option that offers face to face interaction.
TradeMonster is relatively new but they are endorsed by Guy Adami and the Najarian Boys on Fast Money. People love OptionsMonster (which they also own) so I would check it out just based on that alone.
Charles Schwab, or Schwab for short, loves customers who have more than $300,000 in household investable assets. Less than that and you don't really get the same quality attention.
TD Ameritrade isn't that great but it works. The less than ten dollar trade was a first of its kind. They also advertise no hidden fees although there's a fee if you transfer your account away from them. - 23226
The reason why many people are looking at OptionsHouse is due to its cheap stock trades. If you are looking for a trading platform that works and is cheap, look no further.
If you don't mind the bad publicity and the fact that they might change the rules again, Zecco isn't a bad choice. Currently, they still offer free stock trades for those that have $25,000 in assets or trade 25 times a month.
OptionsXpress is pretty awesome because they are a great options broker. However, their stock trades are $14.95 which is pretty high. This one is for those that don't mind paying a little extra for a good broker.
Wells Trade is totally integrated with Wells Fargo so it's easy if you are a Wells Fargo customer. If you have $25,000, you get 100 free trades. Otherwise, it's $19.95 so only use this option if you have the funds.
One of the best discount broker is TradeKing, because of its amazing customer support. Their $4.95 a trade made headlines back in the days and continue to be one of the best options out there.
Etrade has a special place in my heart because that's who I started with. The broker is solid and the pricing is $9.99 ($12.99 if you have less than $50,000 in assets).
Scottrade offers seven dollar trades, which isn't bad but not the cheapest. However, their customer support is second to none and they also have the most branches nationwide. In addition, they are the cheapest option that offers face to face interaction.
TradeMonster is relatively new but they are endorsed by Guy Adami and the Najarian Boys on Fast Money. People love OptionsMonster (which they also own) so I would check it out just based on that alone.
Charles Schwab, or Schwab for short, loves customers who have more than $300,000 in household investable assets. Less than that and you don't really get the same quality attention.
TD Ameritrade isn't that great but it works. The less than ten dollar trade was a first of its kind. They also advertise no hidden fees although there's a fee if you transfer your account away from them. - 23226
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Netflix coupon is not really a stock broker but with the money you will be saving with these discount brokers, you may want to use it for some great DVDs.
posted by X - Men @ 3:30 AM
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