What is the best online trading account?

October 29th, 2009 by admin

I am planning to open a new online trading account to trade the stocks. I am wondering what are my options and which option is the best in terms of costs for each transaction or less overhead costs and no hidden fees?

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    • 7 Responses to “What is the best online trading account?”

    1. Livy says:
      October 29, 2009 at 4:10 am

      I think Scottrade is the cheapest, but it’s bare bones. No short selling, no stop losses (big disadvantage), etc. E-trade and Schwab are similar in pricing to each other; they really push you to fund your account through a checking account though. I believe E-Trade is the most popular in terms of users.

      I prefer TDAmeritrade. $9.99 a trade on stocks, plain and simple. Your account funds that aren’t in stocks are held in a money market that is FDIC insured and earns interest. It has all the options such as short selling and stop losses, and you can trade pretty much anything but currencies.

      Do you research, and if you like you can always open an account at all of them to test it out and get inside, just don’t fund them until you decide which one to stick with.

    2. Charles says:
      October 29, 2009 at 4:34 am

      The lowest priced online broker is TradeKing. I have used and would recommend them. You can see a review at:
      http://online-stock-trading-review.toptenreviews.com/

      All trades are only $4.95. They have a lot of trade options and excellent customer service.

    3. USATrader says:
      October 29, 2009 at 4:48 am

      Try intaractivebrokers.com. If you need hand-holding, not for you. However, if you want no-frills availability of many exchanges and good pricing, solid platform, IB is your best bet.

    4. blogger says:
      October 29, 2009 at 5:25 am

      Interctive brokers charge you .005 cents per share with a minimum of $1.
      So if you are buying or selling 200 shares it will cost $1.

      that is cheap as chips- it also has access to pretty much any market you want to trade

    6. Paul B says:
      October 29, 2009 at 6:37 am

      Hi

      There are many diff types of trading sites but Forex is by far the best way to make money with the lowest risk especially when the economy is unsettled as it is now.

      Forex is the most simple basic form of trading half an hour is all it takes and you can be making serious amounts of money i’m talking 1,600% each month

      the software i got taught me from scratch 2 months ago i still dont know that much but the software does most of it for me

      check it out you wont be dissapointed.

      contact me if you need any help

      best wishes

    7. A.L.L. says:
      October 29, 2009 at 6:45 am

      Not every online stock trading site will work for you because some are stronger in one area, while weaker in another.
      I suggest you browse through site pages, although some parts will be off limits unless you have an account.

      Charles Schwab
      E*Trade
      Firstrade
      Scottrade
      TD Ameritrade
      Wells Fargo

      Personally, I have been using Speedtrader - http://speedtrader.com/ for years and I have been satisfied with costs and service.

      Good luck!

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