Which online stock trading company should I use?
December 8th, 2009 by admin
I have a small sum of money that I would like to use as a stock experiment. Which online company would be best as far as returns, customer support/service and allowing me to learn about trading? Thanks!
Tags: Company., Customer Support Service, online, Online Stock, Online Trading, Should, stock, stock trading, Sum Of Money, TradingPosted in
Scott trade would be my first choice.
Use the guide below to help you evaluate.
Scottrade is good and somewhat cheap too at $7 a trade and they have afterhours and premarket trading but….they only give you what, 3 trades to start? By contrast sogo gives you 100 trades to start and after that they charge you only $3 a trade
https://www.sogotrade.com/Setup/Default.aspx?rf=392837
You need only $500 to open an account without margin(extra money loaned to you by your broker to buy even more stocks). if you want an account with margin you need $2000. All of these online brokers allow you to buy and sell stock very fast in realtime for a fee. The fees range from $3 to $12 and more per transaction. I personally use sogo because they only charge $3 per transaction and no broker goes lower than that.
If you are in India, use this link:
http://www.chittorgarh.com/newportal/online-stock-brokers-list.asp
I recommend you to go with Geojit. I’m benefited from this.
You Should go for Scott trade.