I cant remember the online trader organizations

C

Cleveland

New Member
Can you help me Ya know like E-trade and Ameritrade. Are there any others? How bout recomendations? Should I stay away from these type of organizations, I mean do they hide fees to bleed an accout dry?
 
HeXp£Øi±

HeXp£Øi±

Well-Known Member
What kind of broker are you looking for? Do you want to daytrade or invest? And how much are you planning on opening the account with. Some firms require $2000, $5,000 or $10,000 just to open the account. If you want to daytrade what stock do you want to trade, bluechips, pennies? There is a difference, some brokers charge $.01 per share whether buying or selling for trading stocks under $4 and the like. That doesn't pay if trading pennies at the $.005 range. So the type of firm you want definitely depends on the type of trading/investing you want to do. I have a couple of differents accounts specifically for these reasons. I don't use E-trade or Ameritrade, there are better available sites.
 
C

Cleveland

New Member
Well, I was going to start an account with Charles Schwabb, But they require $10K minimum.... Not really looking for any particular type of trading, Just getting in. Maybe buy some AMD while its down.... No day trading or penny stocks, I dont have that kind of time. Just want to try to build some cash, maybe get to $10k from $2K....
 
R

RD_151

New Member
I have an E-trade account, there are no hidden fees that I'm aware of, however, I wouldn't recoment it to ya. I think Ameritrade or Scott trade have lower fees. Now I can't remember, I haven't traded in a while, but if my memory is correct, and it might not be, you get about 5000 shares for whatever they fee is they say for E-trade, I think it was around $10. Oh, an NYSE trade costs more than a Nasdaq trade with E-trade, but I think it was only $5 more. Most of them SHOULD be similar, up to 5000 shares for $x. I could be wrong on the 5000 though, maybe it was only 1000 I can't remember
 
HeXp£Øi±

HeXp£Øi±

Well-Known Member
(Scott Trade)
All Stocks under $1 $12 + 1/2% of principal (online)
$22 + 1/2% of principal (broker assisted)

http://www.lowtrades.com/ <<cheapest
http://www.datek.com/
https://www.mydiscountbroker.com/
http://www.tdwaterhouse.com/
http://www.brownco3.com/


Merrill Lynch, Morgan Stanley and Schwab are all about $40-$45 per trade.
 
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