How Many Stock Brokerage Houses are Available Today
Many mistakes, many years later and stand before you is a man who knows about stock brokers. I've almost tried them all so I can quickly tell whether the interface is good or not, without making a single trade. Here's what I think about the different brokers.
Zecco still advertises stock trading at no cost, but the package it offers is a far cry from the unlimited free trades that it used to promote. Nonetheless, 10 free trades per month (for those that qualify) is still quite good.
OptionsHouse is relatively new but it's making headlines as it provides stock trades at $2.95 per trade. The options pricing is very attractive as well at $9.95 flat fee, making it one of the cheapest brokers out there. There's no bank or anything, but the cost may win you over.
TradeKing, while not the lowest price broker anymore, is still very good. It keeps winning awards like the Smart Money best discount broker award and others, all while maintaining their good pricing and awesome customer service.
OptionsXpress is cool because it focuses on options but they have since expanded into the arena of stocks. They do a fine job on the educational front as well.
Scottrade is not really promoting its business like it should but it does offer a solid platform for traders. At $7 a trade, it is middle of the pack in terms of price and middle of the pack in terms of features.
TD Ameritrade used to dominate but it is not very good. The interface is outdated and the pricing is high. I don't think they are gathering many new comers these days and just servicing old ones.
Etrade, despite its troubles with the mortgage industry is still one of the best stock brokers out there. It has a banking side where you can get high rates, it has a checking account where you can get free ATM withdraws anywhere and you can also trade stocks. - 23200
Zecco still advertises stock trading at no cost, but the package it offers is a far cry from the unlimited free trades that it used to promote. Nonetheless, 10 free trades per month (for those that qualify) is still quite good.
OptionsHouse is relatively new but it's making headlines as it provides stock trades at $2.95 per trade. The options pricing is very attractive as well at $9.95 flat fee, making it one of the cheapest brokers out there. There's no bank or anything, but the cost may win you over.
TradeKing, while not the lowest price broker anymore, is still very good. It keeps winning awards like the Smart Money best discount broker award and others, all while maintaining their good pricing and awesome customer service.
OptionsXpress is cool because it focuses on options but they have since expanded into the arena of stocks. They do a fine job on the educational front as well.
Scottrade is not really promoting its business like it should but it does offer a solid platform for traders. At $7 a trade, it is middle of the pack in terms of price and middle of the pack in terms of features.
TD Ameritrade used to dominate but it is not very good. The interface is outdated and the pricing is high. I don't think they are gathering many new comers these days and just servicing old ones.
Etrade, despite its troubles with the mortgage industry is still one of the best stock brokers out there. It has a banking side where you can get high rates, it has a checking account where you can get free ATM withdraws anywhere and you can also trade stocks. - 23200
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posted by X - Men @ 2:17 AM
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