| Who is the best broker overall? |
| Ameritrade Inc. |
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10% |
[ 5 ] |
| E*Trade Financial |
|
6% |
[ 3 ] |
| Scottrade |
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61% |
[ 29 ] |
| TD Waterhouse |
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6% |
[ 3 ] |
| Schwab |
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2% |
[ 1 ] |
| Fidelity |
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2% |
[ 1 ] |
| Investrade |
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0% |
[ 0 ] |
| EX24 |
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0% |
[ 0 ] |
| Sharebuilder |
|
6% |
[ 3 ] |
| Harris Direct |
|
0% |
[ 0 ] |
| FirstTrade |
|
4% |
[ 2 ] |
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| Total Votes : 47 |
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| Author |
Message
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| geb9696 |
 Posted: Sun Jan 08, 2006 7:27 pm Post subject: |
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Investing VP
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| So far everything has been going very well. I like that fact that the commsion is so small. Since I have limited money in the account that was a huge concern for me. Another thing that is nice for me is that they have an office that is only 15 minutes from my house. So if anything goes wrong I can just drive there and they can fix it for me. Lastly they have an option to have an account balance trade conformation mailed to your house after you buy something but it cost $2. This is an option in the preferance section of each account. I did not know about it but when I made my first trade they called my house to notify me about about it and how to change it incase I didnt want to pay the $2 on future trades. So far I like it. |
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| Im Not Warren Buffett |
| Posted: Sun Jan 08, 2006 7:33 pm Post subject: |
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CFO
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| Did you have to pay the $2 or did they clear it with you first? It seems like in the age of email its just a way for them to make a couple bucks... heh I bet that is where all their profit comes from. |
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| geb9696 |
| Posted: Sun Jan 08, 2006 7:39 pm Post subject: |
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Investing VP
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| They charged the two dollars but they told me how to set it so I recieve an e-mail. If you open up an account with them I would change that before you make any trades. |
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| Dave Rathbun |
| Posted: Sun Jan 08, 2006 7:55 pm Post subject: |
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CFO
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| As of next week, Harris Direct will be absorbed by E*Trade. |
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| moreno917 |
| Posted: Mon Jan 09, 2006 8:02 pm Post subject: |
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Investing Associate
Joined: 09 Jan 2006
Posts: 24
This Month: 0
5012.40 e$
Net worth: 8,136.40
Portfolio Value: 3,124.00
Monthly Return: 4.38%
Trades this month: 0
Churn Rate: 0.00%Items
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| nelaina wrote: | so after doing some thinking ive decided to open up a scottrade account. Im funding it with a security that ive owned for a while but was holding onto.
Now i think i have the confidence to get started , and scottrade seems to be the best for me:D |
How have you being doing with your Scottrade account. Any insights? |
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| Benjamin |
| Posted: Thu Mar 09, 2006 11:48 am Post subject: |
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Administrator
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Any new members need to vote here on this? It's good to get as many opinions as possible.  |
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| jdunn72 |
| Posted: Tue Mar 14, 2006 6:02 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
10839.59 e$
Net worth: 10,839.59
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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TradeKing:
"Enter orders for stocks and ETFs (Exchange Traded Funds) in either dollar or share amounts. TradeKing charges the same $4.95 per trade commission for all clients. $4.95 is all you pay, regardless of the size of your account or your trading frequency, and that same rate applies to market, limit, stop and stop limit orders."
I like TradeKing just because they are cheap 4.95 per trade on limit or market orders and they trade options at .65 per contract, and their screener is flat out awesome and even better than the new yahoo java screener, there is no account minimums for cash accounts and you can actually open your account with no cash (of course you can't trade like that) . They are relatively new and based in Boca Raton Florida, that's all I have to say about them. Check them out. I am sure Scottrade is the pick for most of you mainly because they are cheapest, cheers to competition.
Why, did you start this thread Benjamin?  |
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| esquire415 |
| Posted: Fri Jun 16, 2006 3:02 pm Post subject: |
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Investing Manager
Joined: 02 Jun 2006
Posts: 318
This Month: 0
116344.93 e$
Net worth: 116,344.93
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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A friend asked me which brokers I would recommend him with no minimum balance required. I currently use Scottrade for mutual funds (IRA) and LowTrades for stocks.
I'm satisfied with Scottrade except the fact that they charged me $17 each for selling some of my Bridgeway and Royce fund. They told me that they are no longer a NTF (no transcation fee) fund. I thought they should have sent me a memo on this then I would not have sold some of my positions in the fund.
Lowtrades I use because of the low commissions but it is barebones. $5 per trade, market or limit. They have trailing stops (but not trailing percentage stops) at no extra cost.
I told my friend that I'm not really satisfied with Lowtrades. They now charge an inactivity fee plus you are only allowed up to 500,000 sh/trade on penny stocks. If he likes dirt cheap commissions with more features, then he should try TradeKing. I'm planning of transferring to TradeKing which charges $4.95 for all commissions. Choicetrade is another one which charges $5 also for everything.
MB Trading is another low-cost broker to keep an eye on. If you buy or sell 500 shares or less, it will cost you a penny per share. So if you trade 500 shares, your commission will be $5. If you trade more than 500 shares at one time, you are charged a half a cent for every share above 500. So if you buy 1,000 shares, your commission will be $7.50
I say have two brokers. One with ultra cheap commissions and one that has lots of features. Not sure if Scottrade is the best in the features aspect. I think Ameritrade or Etrade wins on this but they require bigger minimums plus I think they charge you for account inactivity. One feature I'm looking for is a trailing percentage stop. |
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| esquire415 |
| Posted: Fri Jun 16, 2006 4:50 pm Post subject: |
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Investing Manager
Joined: 02 Jun 2006
Posts: 318
This Month: 0
116344.93 e$
Net worth: 116,344.93
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| bigdave wrote: | scotttrade is the way to go...
If you are really limited on amount to invest sharebuilder is nice but onyl for the long term as to get in on there low priced deal your stock is bought only once a week or day i think... unless you want to pay the higher fees. |
BTW, I really like Ameritrade's web interface, their trading desk, the research features, screeners, streamers, etc. I have a friend who uses it. I also have another friend who uses Etrade who can compete with Ameritrade with those features. I couldn't say the same for Scottrade.
If you are still undecided here's a link to help you decide:
http://www.brokeradviser.com/?kw=Broker%20Advisors&r=GG_kwBrokerAdvisors
BTW, BuyandHold & Foliofn are better (commission-wise) than Sharebuilder if you plan to hold a lot of stocks. It's like being your own mutual fund manager. But before you delve into fund managing, you may want to test the waters first. A site like eInvesting.com but caters to mutual fund management is Marketocracy.com where you can create a virtual portfolio of stocks and get ranked against fellow members and against real funds. Foliofn.com also allows you to create a virtual portfolio. |
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| jutiki |
| Posted: Mon Apr 02, 2007 1:16 pm Post subject: |
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Investing Sr. Associate
Joined: 06 Aug 2006
Posts: 53
This Month: 0
73147.28 e$
Net worth: 73,147.28
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| wjmathewsx |
| Posted: Mon Aug 13, 2007 1:36 pm Post subject: |
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Investing Associate
Joined: 01 Aug 2007
Posts: 24
This Month: 0
329.57 e$
Net worth: 6,841.95
Portfolio Value: 6,512.38
Monthly Return: -4.56%
Trades this month: 0
Churn Rate: 0.00%Items
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| txga |
| Posted: Sat May 24, 2008 8:47 am Post subject: |
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Investing Associate
Joined: 04 Apr 2006
Posts: 38
This Month: 0
3691.64 e$
Net worth: 9,047.83
Portfolio Value: 5,356.19
Monthly Return: -1.91%
Trades this month: 0
Churn Rate: 0.00%Items
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| I wish there was a good cheap broker. I only wanna put maybe $100 dollars in penny stocks, but that seems impossible. |
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| Hal E. Burton |
| Posted: Sat May 24, 2008 10:24 am Post subject: |
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Investing Sr. Associate
Joined: 06 Feb 2008
Posts: 68
This Month: 0
15743.34 e$
Net worth: 20,487.34
Portfolio Value: 4,744.00
Monthly Return: -10.61%
Trades this month: 0
Churn Rate: 0.00%Items
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| wjmathewsx wrote: | | scotttrade is my people |
I believe it's..."You'z people" plural.    |
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| XzxRAVENxzX |
| Posted: Wed Jun 18, 2008 9:28 am Post subject: |
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Investing Associate
Joined: 18 Jun 2008
Posts: 10
This Month: 0
189.26 e$
Net worth: 5,984.11
Portfolio Value: 5,794.85
Monthly Return: -12.68%
Trades this month: 0
Churn Rate: 0.00%Items
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| I have an account with sharebuilder and it was good, no trouble. It's nice for begginers. No signup fee. |
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