BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board
 
GTB Performance
Post Reply
 
Thread Tools Search this Thread
      07-20-2010, 11:32 PM   #1
m0ss
New Member
m0ss's Avatar
1
Rep
8
Posts

 
Drives: hello
Join Date: Jul 2010
Location: kitty

iTrader: (0)

Brokerage account

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

thanks!
Appreciate 0
      07-20-2010, 11:36 PM   #2
m0ss
New Member
m0ss's Avatar
1
Rep
8
Posts

 
Drives: hello
Join Date: Jul 2010
Location: kitty

iTrader: (0)

low fees would be good too
Appreciate 0
      07-21-2010, 12:11 AM   #3
bonwit904
Private First Class
bonwit904's Avatar
United_States
14
Rep
130
Posts

 
Drives: 2009 335xi, 2011 M3
Join Date: Apr 2009
Location: NJ

iTrader: (0)

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.
Appreciate 0
      07-21-2010, 12:46 AM   #4
giants84
Second Lieutenant
United_States
5
Rep
215
Posts

 
Drives: 13 x6 5.0
Join Date: May 2010
Location: Brooklyn,New York

iTrader: (0)

Scottrade is good, 7 dollar trades and only a 500 dollar minimum.
Appreciate 0
      07-21-2010, 07:56 AM   #5
Buegie
Captain
Buegie's Avatar
United_States
13
Rep
694
Posts

 
Drives: 330xi
Join Date: Feb 2008
Location: CT/DC

iTrader: (2)

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
__________________
Black Dakota | Aluminum | Sport | Premium | Cold | iDrive | CA
Appreciate 0
      07-21-2010, 08:05 AM   #6
KingOfJericho
Major General
KingOfJericho's Avatar
United_States
95
Rep
5,192
Posts

 
Drives: Yes
Join Date: Aug 2007
Location: CT

iTrader: (1)

Garage List
2010 135i Coupe  [2.63]
Quote:
Originally Posted by giants84 View Post
Scottrade is good, 7 dollar trades and only a 500 dollar minimum.
Yep. This is what I use.
__________________
The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost.

2010 S4 Current | 2010 BMW 135i Retired | 2006 Lotus Exige Retired
Appreciate 0
      07-21-2010, 08:29 AM   #7
Freakazoid
Captain
Freakazoid's Avatar
36
Rep
967
Posts

 
Drives: Saturn Redline
Join Date: Dec 2009
Location: Pittsburgh

iTrader: (0)

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
Appreciate 0
      07-21-2010, 08:31 AM   #8
BTM
Banned
United_States
172
Rep
10,314
Posts

 
Drives: A///MERICAN!!!
Join Date: Mar 2010
Location: A///MERICA!!!

iTrader: (11)

Garage List
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
Appreciate 0
      07-21-2010, 01:29 PM   #9
Bart@AUTOcouture
BimmerPost Supporting Vendor
Bart@AUTOcouture's Avatar
United_States
110
Rep
4,151
Posts


 
Drives: '14 GT-R
Join Date: Feb 2006
Location: Fair Lawn, NJ

iTrader: (4)

Send a message via AIM to Bart@AUTOcouture
http://www.sogotrade.com/

/end
__________________
Installs|Service|Sales - BMW Master Tech on staff!
ESS, Akrapovic, Eisenmann, HRE, OEM BMW, Cobb and more!


15-01 Pollitt Drive #6 | Fair Lawn, NJ 07642 | P: 201.666.3500 | Bart@autocouturemotoring.com | Facebook | youTube
Appreciate 0
      07-21-2010, 07:42 PM   #10
lauer87
Lieutenant
lauer87's Avatar
5
Rep
585
Posts

 
Drives: 335xi
Join Date: Sep 2007
Location: USA

iTrader: (0)

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.
Appreciate 0
      07-21-2010, 07:59 PM   #11
BTM
Banned
United_States
172
Rep
10,314
Posts

 
Drives: A///MERICAN!!!
Join Date: Mar 2010
Location: A///MERICA!!!

iTrader: (11)

Garage List
Quote:
Originally Posted by Bart@AUTOcouture View Post
Wow cheap options
Appreciate 0
      07-21-2010, 08:17 PM   #12
Buegie
Captain
Buegie's Avatar
United_States
13
Rep
694
Posts

 
Drives: 330xi
Join Date: Feb 2008
Location: CT/DC

iTrader: (2)

Quote:
Originally Posted by Bart@AUTOcouture View Post
damn, that's cheap...how do you like it?
__________________
Black Dakota | Aluminum | Sport | Premium | Cold | iDrive | CA
Appreciate 0
      07-22-2010, 10:35 AM   #13
akack79
riDIRKulous
akack79's Avatar
70
Rep
3,054
Posts

 
Drives: F32 435i
Join Date: Sep 2007
Location: T E X A S

iTrader: (18)

Garage List
2014 F32 435i  [0.00]
https://www.wellsfargo.com/jump/investments/freetrades

there's a minimum balance needed though.
__________________
2014 F32 435i EBII / Coral Red

Last edited by akack79; 07-22-2010 at 10:50 AM.
Appreciate 0
      07-22-2010, 12:53 PM   #14
Freakazoid
Captain
Freakazoid's Avatar
36
Rep
967
Posts

 
Drives: Saturn Redline
Join Date: Dec 2009
Location: Pittsburgh

iTrader: (0)

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
Appreciate 0
      07-22-2010, 12:56 PM   #15
Freakazoid
Captain
Freakazoid's Avatar
36
Rep
967
Posts

 
Drives: Saturn Redline
Join Date: Dec 2009
Location: Pittsburgh

iTrader: (0)

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
Appreciate 0
      07-22-2010, 02:18 PM   #16
Baoer
Second Lieutenant
6
Rep
207
Posts

 
Drives: AW 335i Coupe
Join Date: Feb 2009
Location: OC, CA

iTrader: (1)

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
Appreciate 0
      07-23-2010, 01:56 AM   #17
BigDog
Captain
United_States
21
Rep
739
Posts

 
Drives: E90 and E65
Join Date: Jul 2005
Location: Chicago

iTrader: (1)

what kind of volume are looking to do daily? that'll determine a lot of things
__________________
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 03:52 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST