best online brokerages Archived From: Finance |
has anyone compiled a list of the online brokerages and how much it cost, services, etc? i have been using scottrade, trading at $7 and just recently found out about izone with $5 per trade. |
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Depends on how you define "best". If you mean cheapest, try Zecco.com (free trades). |
Best full featured brokerage is thinkorswim imo. Their free software is unparalleled. |
jlgrandam said:Best full featured brokerage is thinkorswim imo. Their free software is unparalleled.and it gives you 3 free mutual fund trades a month. stock trades are generally $5. |
ditto..Fidelity is perhaps not one of the cheapest..but it's one of the best |
There is no absolute "best" online broker. It depends on what you want and need. Are you actively trading? Stocks? Mutual funds? Do you need a live human to talk to? Everyone's needs are different. While cost is certainly a major factor, it's only one of many. Personally I've been very pleased with both Scottrade and Schwab. I would probably only be at Scottrade except that some mutual fund families that I wanted to purchase were not available at Scottrade. P.S. Do an online search. You'll find articles comparing and rating online brokers. I think there was one not too long ago on www.smartmoney.com. |
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