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Who is the best broker overall?


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Who is the best broker overall?
Ameritrade Inc.
10%
 10%  [ 5 ]
E*Trade Financial
6%
 6%  [ 3 ]
Scottrade
61%
 61%  [ 29 ]
TD Waterhouse
6%
 6%  [ 3 ]
Schwab
2%
 2%  [ 1 ]
Fidelity
2%
 2%  [ 1 ]
Investrade
0%
 0%  [ 0 ]
EX24
0%
 0%  [ 0 ]
Sharebuilder
6%
 6%  [ 3 ]
Harris Direct
0%
 0%  [ 0 ]
FirstTrade
4%
 4%  [ 2 ]
Total Votes : 47
Author Message
Benjamin
PostPosted: Wed May 25, 2005 6:06 am Post subject: Who is the best broker overall? Reply with quote

Administrator
Administrator

Joined: 30 Jan 2005

Posts: 2739
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Location: Chicago
256580.50 e$

Net worth: 256,595.50
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0.00%
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Churn Rate: 0.00%

Items

If your best friend was looking to trades stocks for the first time who would you recommend?

Feel free to discuss the latest deals, positives and negatives of the brokers here.

If you would like to see more brokers on this poll please let me know.
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soma
PostPosted: Mon Jun 13, 2005 8:37 am Post subject: Reply with quote

Investing Sr. Associate
Investing Sr. Associate

Joined: 30 Apr 2005

Posts: 163
This Month: 0

39455.64 e$

Net worth: 39,455.64
Portfolio Value: 0.00
Monthly Return:
0.00%
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Churn Rate: 0.00%

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Some may find this link useful:

http://www.forbes.com/bow/b2c/category.jhtml?id=5
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MrInvestor
PostPosted: Mon Jun 20, 2005 11:20 am Post subject: Reply with quote

Investing Manager
Investing Manager

Joined: 07 Feb 2005

Posts: 253
This Month: 0

14127.46 e$

Net worth: 25,787.46
Portfolio Value: 8,945.00
Monthly Return:
-20.06%
Trades this month: 0
Churn Rate: 0.00%

Items

I've used TD Waterhouse for a long time. Scottrade seems to be getting the votes though.
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jumbojack
PostPosted: Mon Jun 20, 2005 4:23 pm Post subject: Reply with quote

Investing Sr. Associate
Investing Sr. Associate

Joined: 21 May 2005

Posts: 103
This Month: 0

30270.18 e$

Net worth: 30,270.18
Portfolio Value: 0.00
Monthly Return:
0.00%
Trades this month: 0
Churn Rate: 0.00%

Items

looks like there's a new kid in town, anyone heard of www.thinkorswim.com ?
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junsta17
PostPosted: Thu Jul 14, 2005 11:27 am Post subject: Reply with quote

Investing Sr. Associate
Investing Sr. Associate

Joined: 26 Jun 2005

Posts: 69
This Month: 0

369.50 e$

Net worth: 6,867.34
Portfolio Value: 6,497.84
Monthly Return:
-13.49%
Trades this month: 0
Churn Rate: 0.00%

Items

wow i want a monkey.
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cwing
PostPosted: Thu Jul 14, 2005 11:38 am Post subject: Reply with quote

Associate
Associate

Joined: 05 Jul 2005

Posts: 227
This Month: 0

9651.82 e$

Net worth: 79,968.82
Portfolio Value: 0.00
Monthly Return:
0.00%
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Churn Rate: 0.00%

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I am about to open up a scottrade account !
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MrInvestor
PostPosted: Thu Jul 14, 2005 11:41 am Post subject: Reply with quote

Investing Manager
Investing Manager

Joined: 07 Feb 2005

Posts: 253
This Month: 0

14127.46 e$

Net worth: 25,787.46
Portfolio Value: 8,945.00
Monthly Return:
-20.06%
Trades this month: 0
Churn Rate: 0.00%

Items

Good luck cwing!
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cwing
PostPosted: Thu Jul 14, 2005 2:06 pm Post subject: Reply with quote

Associate
Associate

Joined: 05 Jul 2005

Posts: 227
This Month: 0

9651.82 e$

Net worth: 79,968.82
Portfolio Value: 0.00
Monthly Return:
0.00%
Trades this month: 0
Churn Rate: 0.00%

Items

Thanks.... I wish I could put more money into stocks I know I could but then I wouldn't have a life.. And we all need to get out and be social.. Very Happy But I think I am doing good for a kid my age. Embarassed
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chahsiubow
PostPosted: Thu Jul 14, 2005 4:18 pm Post subject: Reply with quote

Investing Sr. Associate
Investing Sr. Associate

Joined: 22 Jun 2005

Posts: 118
This Month: 0
Location: ...
13515.20 e$

Net worth: 28,542.10
Portfolio Value: 15,026.90
Monthly Return:
-8.28%
Trades this month: 0
Churn Rate: 0.00%

Items

junsta17 wrote:
wow i want a monkey.


Dude, if you want to hire me as your broker, just give me a ring next time. I can reply faster. Laughing
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MrInvestor
PostPosted: Sat Jul 30, 2005 11:40 am Post subject: Reply with quote

Investing Manager
Investing Manager

Joined: 07 Feb 2005

Posts: 253
This Month: 0

14127.46 e$

Net worth: 25,787.46
Portfolio Value: 8,945.00
Monthly Return:
-20.06%
Trades this month: 0
Churn Rate: 0.00%

Items

Here are a couple broker pricing comparisons:

http://www.scottrade.com/frame_brokers.asp

http://www.ameritrade.com/compare.html

If anyone can find other companies comparisons post them here. I couldn't find them (maybe they don't want to compare Wink)
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soma
PostPosted: Sat Jul 30, 2005 2:24 pm Post subject: Reply with quote

Investing Sr. Associate
Investing Sr. Associate

Joined: 30 Apr 2005

Posts: 163
This Month: 0

39455.64 e$

Net worth: 39,455.64
Portfolio Value: 0.00
Monthly Return:
0.00%
Trades this month: 0
Churn Rate: 0.00%

Items

(Not to take you down or anything, but)

Those broker comparissons that are provided by the broker are usually heavily biased to emphasize any advantage it has over others.

I've seen this a lot with brokers I wouldn't even consider opening accounts with, but they make it seem like their services are the best. I don't blame them (how else are they going to attract people) but it does make it more difficult to figure out what's best.
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MrInvestor
PostPosted: Sat Jul 30, 2005 2:45 pm Post subject: Reply with quote

Investing Manager
Investing Manager

Joined: 07 Feb 2005

Posts: 253
This Month: 0

14127.46 e$

Net worth: 25,787.46
Portfolio Value: 8,945.00
Monthly Return:
-20.06%
Trades this month: 0
Churn Rate: 0.00%

Items

No offense taken.

I hoped to find more comparisons, but this is all I found so far. I'm sure they modify them so it makes them come out the best, but if everone has one you could get a clear picture.

The mighty fool.com has an "unbias" comparison.

It's 4 brokers. Ummm...here you go...choose from these 4 brokers out of the 20 or more out there. Really, please use one of these so we get our commission...thanks.
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Dave Rathbun
PostPosted: Sat Jul 30, 2005 4:07 pm Post subject: Reply with quote

CFO
CFO

Joined: 10 Apr 2005

Posts: 3690
This Month: 0
Location: Texas
395594.79 e$

Net worth: 545,138.79
Portfolio Value: 0.00
Monthly Return:
0.00%
Trades this month: 0
Churn Rate: 0.00%

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http://marketing.harrisdirect.com/harrisdirect/landing/smartmoneyarticle.pdf

This was a reprint of an article in Smart Money, so I guess it's relatively unbiased. However you should look at their ranking criteria and see if what they ranked is also what's important to you. The 8 brokers they evaluated in the final ranking order were:

Harrisdirect www.harrisdirect.com
Muriel Siebert www.siebertnet.com
Firstrade www.firstrade.com
Ameritrade www.ameritrade.com
optionsXpress www.optionsxpress.com
BrownCo www.brownco.com
Scottrade www.scottrade.com
WallStreet*E www.wallstreete.com

I just noticed that E*Trade is not on the list, wonder why they weren't on there... according to the article here's how they picked
Quote:
One thing to keep in mind: We based our rankings on the needs of a hypothetical buy-and-hold customer with an account of more than $50,000 who invests in stocks, bonds and mutual funds and wants the ability to write covered calls. That means our top-ranked site would not be the first choice for a day trader or someone who buys only mutual funds.
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bigdave
PostPosted: Mon Aug 08, 2005 11:08 am Post subject: Reply with quote

Investing Sr. Associate
Investing Sr. Associate

Joined: 13 Feb 2005

Posts: 116
This Month: 0

39049.69 e$

Net worth: 39,049.69
Portfolio Value: 0.00
Monthly Return:
0.00%
Trades this month: 0
Churn Rate: 0.00%

Items

scott trade is the way to go it leaves all others in the dust!
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Dave Rathbun
PostPosted: Mon Aug 08, 2005 11:50 am Post subject: Reply with quote

CFO
CFO

Joined: 10 Apr 2005

Posts: 3690
This Month: 0
Location: Texas
395594.79 e$

Net worth: 545,138.79
Portfolio Value: 0.00
Monthly Return:
0.00%
Trades this month: 0
Churn Rate: 0.00%

Items

E*Trade is buying Harris Direct. Confused That make me mad... I left E*Trade because of some of their pricing policies, and now they're taking over my current broker. Confused

Press Release
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