Which Stock Broker is the Best?
Online brokers are all over so it's hard to figure out which one is really the best. I've compiled a list of the different ones out there and give a brief description of my thoughts on each.
Etrade is one of the earlier players in the discount brokerage and practically invented online brokerages. The user interface is amazing and the commissions are on the higher side in this day and age.
I don't really like TD Ameritrade because it's user interface is really bad. However, the commercials obviously is working because many people use them to trade stocks. The one price trading fee makes things less confusing though which is welcomed when everyone else has a ton of different pricing structure.
Charles Schwab has been taking share ever since Etrade blew up with its mortgage business. It's sad to see Etrade doing so bad but at least they came up with the Etrade baby. Charles Schwab also has a neat 2% reward credit card which is great if you use them as your brokerage.
TradeKing is a deep discount broker and trades are only $4.95 (half of the higher end ones). It offers a great trading community where you can find out what others are trading and executions are quite. In fact, it's won many awards and it's highly recommended.
Zecco has the worst marketing ever but it is one of the few broker that offers free stock trades. If you have over $25,000 or trade 25 times or more, the trades are free. Otherwise, it's $4.50 per trade.
SogoTrade is a nice option because it's $3 per trade. However, it nickel and dimes you on other things like a SEC fee (what is a SEC fee you ask? Exactly!). You may just need to run the numbers to see whether it's going to be cheaper. SogoTrade does seem to do many trades though but it doesn't seem to offer options trading.
Wells Fargo offers free trades for those that have at least $25k with them. This is the good news. The interface isn't so great but it works. Can't complain when it's free right?
Bank of America came to the self trading platform a few years ago when it offered free stock trades for its clients who have more than $25,000 in assets with them (it could be savings, checking among others). A few years later, you don't hear much about them but I'm sure some of their customers are using them since it's free.
OptionsXpress is known for its options trade. Instead of charging you per option like most firms, this company has a set pricing. They also claim to have no hidden fees so it might be a good option (no pun intended). - 23218
Etrade is one of the earlier players in the discount brokerage and practically invented online brokerages. The user interface is amazing and the commissions are on the higher side in this day and age.
I don't really like TD Ameritrade because it's user interface is really bad. However, the commercials obviously is working because many people use them to trade stocks. The one price trading fee makes things less confusing though which is welcomed when everyone else has a ton of different pricing structure.
Charles Schwab has been taking share ever since Etrade blew up with its mortgage business. It's sad to see Etrade doing so bad but at least they came up with the Etrade baby. Charles Schwab also has a neat 2% reward credit card which is great if you use them as your brokerage.
TradeKing is a deep discount broker and trades are only $4.95 (half of the higher end ones). It offers a great trading community where you can find out what others are trading and executions are quite. In fact, it's won many awards and it's highly recommended.
Zecco has the worst marketing ever but it is one of the few broker that offers free stock trades. If you have over $25,000 or trade 25 times or more, the trades are free. Otherwise, it's $4.50 per trade.
SogoTrade is a nice option because it's $3 per trade. However, it nickel and dimes you on other things like a SEC fee (what is a SEC fee you ask? Exactly!). You may just need to run the numbers to see whether it's going to be cheaper. SogoTrade does seem to do many trades though but it doesn't seem to offer options trading.
Wells Fargo offers free trades for those that have at least $25k with them. This is the good news. The interface isn't so great but it works. Can't complain when it's free right?
Bank of America came to the self trading platform a few years ago when it offered free stock trades for its clients who have more than $25,000 in assets with them (it could be savings, checking among others). A few years later, you don't hear much about them but I'm sure some of their customers are using them since it's free.
OptionsXpress is known for its options trade. Instead of charging you per option like most firms, this company has a set pricing. They also claim to have no hidden fees so it might be a good option (no pun intended). - 23218
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There are lots of online discount stock brokers out there so which one is really the best? Zecco may not have the best marketing team but it is certainly one of them.
posted by X - Men @ 1:45 AM
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