Stock Brokers are All Competing for Our Money
Many mistakes, many years later and stand before you is a man who knows about stock brokers. I've almost tried them all so I can quickly tell whether the interface is good or not, without making a single trade. Here's what I think about the different brokers.
Zecco is ultra cheap but it's one of the worst stock brokers out there. At the beginning, they were advertising free stock trades. Then, they changed it to 10 trades per month only. Afterward, they switched it to 10 trades per month only if you have $25,000 in your account. What gives?
OptionsHouse is relatively new but it's making headlines as it provides stock trades at $2.95 per trade. The options pricing is very attractive as well at $9.95 flat fee, making it one of the cheapest brokers out there. There's no bank or anything, but the cost may win you over.
TradeKing used to be the leader with $4.95 stock trades but other people have surpassed them to be the pricing leader. However, this broker has ultra responsive support which might be the determining factor for many.
As the name implies, OptionsXpress is all about options. While it has stock trading offers, options trading is where it really shines. It even has an extensive guide to options trading, which is good for beginners as well as professionals.
Scottrade is not really promoting its business like it should but it does offer a solid platform for traders. At $7 a trade, it is middle of the pack in terms of price and middle of the pack in terms of features.
TD Ameritrade really needs to update their interface, as well as lower their pricing. The price is high, not to mention that the website have been known to be down under heavy use.
Etrade offers one of the best overall stock broker experience out there today. With its amazing array of features as well as a banking division, there are lots of flexibility with this firm. - 23222
Zecco is ultra cheap but it's one of the worst stock brokers out there. At the beginning, they were advertising free stock trades. Then, they changed it to 10 trades per month only. Afterward, they switched it to 10 trades per month only if you have $25,000 in your account. What gives?
OptionsHouse is relatively new but it's making headlines as it provides stock trades at $2.95 per trade. The options pricing is very attractive as well at $9.95 flat fee, making it one of the cheapest brokers out there. There's no bank or anything, but the cost may win you over.
TradeKing used to be the leader with $4.95 stock trades but other people have surpassed them to be the pricing leader. However, this broker has ultra responsive support which might be the determining factor for many.
As the name implies, OptionsXpress is all about options. While it has stock trading offers, options trading is where it really shines. It even has an extensive guide to options trading, which is good for beginners as well as professionals.
Scottrade is not really promoting its business like it should but it does offer a solid platform for traders. At $7 a trade, it is middle of the pack in terms of price and middle of the pack in terms of features.
TD Ameritrade really needs to update their interface, as well as lower their pricing. The price is high, not to mention that the website have been known to be down under heavy use.
Etrade offers one of the best overall stock broker experience out there today. With its amazing array of features as well as a banking division, there are lots of flexibility with this firm. - 23222
About the Author:
If we can educate ourselves in investing terms, we would be able to learn more. investing basics is where I write and help you with that.
posted by X - Men @ 11:05 AM
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