Brokerage account

[hellokitty]

I'm looking to invest in some equities and I need recommendations on where to open a brokerage account.

thanks!

[hellokitty]

low fees would be good too

[bonwit904]

There are some cheaper options like sharebuilder and tradeking out there...but they won't offer you the mutual fund, and IPO, exposure that etrade, and schwab do.

I think etrade is about 7.99 a trade, although some pay 9.99 a trade. You can get others like trade king for quite a bit less. If you intend upon trading volume go with one of the cheaper guys. Otherwise go with etrade, schwab, or TD Ameritrade.

[giants84]

Scottrade is good, 7 dollar trades and only a 500 dollar minimum.

[Buegie]

Originally Posted by bonwit904

There are some cheaper options like sharebuilder and tradeking out there...but they won't offer you the mutual fund, and IPO, exposure that etrade, and schwab do.

I think etrade is about 7.99 a trade, although some pay 9.99 a trade. You can get others like trade king for quite a bit less. If you intend upon trading volume go with one of the cheaper guys. Otherwise go with etrade, schwab, or TD Ameritrade.

IIRC you have to make 250 trades/quarter to get the $7.99, otherwise it's $9.99

[KingOfJericho]

Originally Posted by giants84

Scottrade is good, 7 dollar trades and only a 500 dollar minimum.

Yep. This is what I use.

[Freakazoid]

zecco's solid if you want cheap fees and not looking for any frills... $4.50 a trade, and you can get 25 free trades pretty easily per month

[BTM]

I don't use anyone at the moment, but if I were it would probably be Scottrade. I've heard that people really like the E-trade Pro platform, but that their pricing schedule doesn't justify it - Scottrades is very good and their prices are more attractive. I hope to be speaking from personal experience soon

[Bart@AUTOcouture]

http://www.sogotrade.com/

/end

[lauer87]

Depends how much $ you want to invest and what kind of investing your going to be doing.

If you investing more than $10k, and plan on margin investing, I'd give Interactive Brokers a look. They're margin loan rates are extremely low.

[BTM]

Originally Posted by Bart@AUTOcouture

http://www.sogotrade.com/

/end

Wow cheap options

[Buegie]

Originally Posted by Bart@AUTOcouture

http://www.sogotrade.com/

/end

damn, that's cheap...how do you like it?

[akack79]

https://www.wellsfargo.com/jump/investments/freetrades

there's a minimum balance needed though.

[Freakazoid]

SOGOTrade is a bit of the PITA.... I originally started with them.

Slow transfers, you have to actually send a voided check (if you're like me, and pay everything online, you don't even have a checkbook anymore), have to wait for all that fun stuff, etc etc.



edit: I just saw they have apparently they reduced their fees since the last time I investigated them... they are damn damn cheap.... i might have to switch over now

[Freakazoid]

Originally Posted by akack79

https://www.wellsfargo.com/jump/investments/freetrades

there's a minimum balance needed though.

for 'free trades', zecco is better... with a 25k balance you get 25 free trades every month

[Baoer]

wells fargo lets you get away w something like 40% of your mortgage loan = 25+ you're qualified too...i dont have 25k cash hanging around =[ poor poor man

[BigDog]

what kind of volume are looking to do daily? that'll determine a lot of things