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      07-20-2010, 11:32 PM   #1
m0ss
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Brokerage account

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

thanks!
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      07-20-2010, 11:36 PM   #2
m0ss
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low fees would be good too
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      07-21-2010, 12:11 AM   #3
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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.
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      07-21-2010, 12:46 AM   #4
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Scottrade is good, 7 dollar trades and only a 500 dollar minimum.
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      07-21-2010, 07:56 AM   #5
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Quote:
Originally Posted by bonwit904 View Post
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
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      07-21-2010, 08:05 AM   #6
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Quote:
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Scottrade is good, 7 dollar trades and only a 500 dollar minimum.
Yep. This is what I use.
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      07-21-2010, 08:29 AM   #7
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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
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      07-21-2010, 08:31 AM   #8
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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
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      07-21-2010, 01:29 PM   #9
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Send a message via AIM to Bart@AUTOcouture
http://www.sogotrade.com/

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      07-21-2010, 07:42 PM   #10
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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.
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      07-21-2010, 07:59 PM   #11
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Quote:
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Wow cheap options
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      07-21-2010, 08:17 PM   #12
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Quote:
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damn, that's cheap...how do you like it?
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      07-22-2010, 10:35 AM   #13
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https://www.wellsfargo.com/jump/investments/freetrades

there's a minimum balance needed though.
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Last edited by akack79; 07-22-2010 at 10:50 AM.
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      07-22-2010, 12:53 PM   #14
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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
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      07-22-2010, 12:56 PM   #15
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Quote:
Originally Posted by akack79 View Post
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
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      07-22-2010, 02:18 PM   #16
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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
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      07-23-2010, 01:56 AM   #17
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what kind of volume are looking to do daily? that'll determine a lot of things
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