E*Trade
E*Trade is one of the best all-around online brokers. With its $12.99 commission (plus a $3 handling fee) for market orders (which decreases the more you trade), and its $1000 minimum opening balance, E*trade‘s commissions are lower than those at Schwab or Fidelity. But E*Trade is best for active traders, since there's a $25 fee per quarter if you trade less than three times or have less than $5000 in assets. Barron's gives E*Trade its highest scores, and SmartMoney ranks it as one of the top premium discount brokers. E*Trade offers a wide range of services and products from bonds, mutual funds and options to banking services, financial planning and research tools.
Fidelity
Yet again, Fidelity is rated as one of the best brokers around. It ranks number one with SmartMoney for best premium discount broker and the best "bankerage" by Kiplinger for offering both banking and brokerage service. Despite its high commission of $29.95 per market order and its handling fees and maintenance fees, Fidelity has a minimum opening balance of $2500. It also offers great customer service and numerous branch offices throughout the country where clients can speak with a trained professional. Fidelity also offers research reports and videos from Lehman Bros., a wireless service, and "best-in-class [financial] planning tools," according to Forbes.
Scottrade
J.D. Powers and Associates ranks Scottrade number one in its 2003 survey of customer satisfaction, with perfect scores for overall satisfaction, customer service, cost and integrity. The minimum opening balance is a low $500 and the market orders are only $7, with no inactivity or maintenance fees. Trade executions are fast and there are free real-time quotes. However, Scottrade offers little in the way of research or additional services, so it's best for those who don't need any handholding. Forbes magazine says, "If you just want to trade and nothing else, Scottrade is a good choice."
BrownCo
BrownCo is skimpy when it comes to extra services and handholding, but reviews say experienced traders will appreciate the streamlined, minimalist approach and $5 market orders. The catch? You need $15,000 to open an account, but there are no handling, maintenance or inactivity fees.
E*Trade is one of the best all-around online brokers. With its $12.99 commission (plus a $3 handling fee) for market orders (which decreases the more you trade), and its $1000 minimum opening balance, E*trade‘s commissions are lower than those at Schwab or Fidelity. But E*Trade is best for active traders, since there's a $25 fee per quarter if you trade less than three times or have less than $5000 in assets. Barron's gives E*Trade its highest scores, and SmartMoney ranks it as one of the top premium discount brokers. E*Trade offers a wide range of services and products from bonds, mutual funds and options to banking services, financial planning and research tools.
Fidelity
Yet again, Fidelity is rated as one of the best brokers around. It ranks number one with SmartMoney for best premium discount broker and the best "bankerage" by Kiplinger for offering both banking and brokerage service. Despite its high commission of $29.95 per market order and its handling fees and maintenance fees, Fidelity has a minimum opening balance of $2500. It also offers great customer service and numerous branch offices throughout the country where clients can speak with a trained professional. Fidelity also offers research reports and videos from Lehman Bros., a wireless service, and "best-in-class [financial] planning tools," according to Forbes.
Scottrade
J.D. Powers and Associates ranks Scottrade number one in its 2003 survey of customer satisfaction, with perfect scores for overall satisfaction, customer service, cost and integrity. The minimum opening balance is a low $500 and the market orders are only $7, with no inactivity or maintenance fees. Trade executions are fast and there are free real-time quotes. However, Scottrade offers little in the way of research or additional services, so it's best for those who don't need any handholding. Forbes magazine says, "If you just want to trade and nothing else, Scottrade is a good choice."
BrownCo
BrownCo is skimpy when it comes to extra services and handholding, but reviews say experienced traders will appreciate the streamlined, minimalist approach and $5 market orders. The catch? You need $15,000 to open an account, but there are no handling, maintenance or inactivity fees.
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3 comments:
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RickJ
I have been following a site now for almost 2 years and I have found it to be both reliable and profitable. They post daily and their stock trades have been beating
the indexes easily.
Take a look at Wallstreetwinnersonline.com
RickJ
I have been following a site now for almost 2 years and I have found it to be both reliable and profitable. They post daily and their stock trades have been beating
the indexes easily.
Take a look at Wallstreetwinnersonline.com
RickJ
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