Stock Brokerage Houses are All Competition for Our Money
Many mistakes, many years later and stand before you is a man who knows about stock brokers. I've almost tried them all so I can quickly tell whether the interface is good or not, without making a single trade. Here's what I think about the different brokers.
Zecco is ultra cheap but it's one of the worst stock brokers out there. At the beginning, they were advertising free stock trades. Then, they changed it to 10 trades per month only. Afterward, they switched it to 10 trades per month only if you have $25,000 in your account. What gives?
OptionsHouse is relatively new but it's making headlines as it provides stock trades at $2.95 per trade. The options pricing is very attractive as well at $9.95 flat fee, making it one of the cheapest brokers out there. There's no bank or anything, but the cost may win you over.
TradeKing, while not the lowest price broker anymore, is still very good. It keeps winning awards like the Smart Money best discount broker award and others, all while maintaining their good pricing and awesome customer service.
As the name implies, OptionsXpress is all about options. While it has stock trading offers, options trading is where it really shines. It even has an extensive guide to options trading, which is good for beginners as well as professionals.
Scottrade was one of the oldies and I have a tough time spelling this stock broker correctly. Anyway, it offers $7 a trade and is probably good for you if you like the old style trading platforms. Otherwise, stick with the others.
TD Ameritrade really needs to update their interface, as well as lower their pricing. The price is high, not to mention that the website have been known to be down under heavy use.
Etrade used to be the most innovative and web savvy company but with all the troubles and all these up and coming discount brokerages, Etrade has a tough road ahead. Still, this firm has a solid offering if you don't mind paying a little bit more per trade. - 23305
Zecco is ultra cheap but it's one of the worst stock brokers out there. At the beginning, they were advertising free stock trades. Then, they changed it to 10 trades per month only. Afterward, they switched it to 10 trades per month only if you have $25,000 in your account. What gives?
OptionsHouse is relatively new but it's making headlines as it provides stock trades at $2.95 per trade. The options pricing is very attractive as well at $9.95 flat fee, making it one of the cheapest brokers out there. There's no bank or anything, but the cost may win you over.
TradeKing, while not the lowest price broker anymore, is still very good. It keeps winning awards like the Smart Money best discount broker award and others, all while maintaining their good pricing and awesome customer service.
As the name implies, OptionsXpress is all about options. While it has stock trading offers, options trading is where it really shines. It even has an extensive guide to options trading, which is good for beginners as well as professionals.
Scottrade was one of the oldies and I have a tough time spelling this stock broker correctly. Anyway, it offers $7 a trade and is probably good for you if you like the old style trading platforms. Otherwise, stick with the others.
TD Ameritrade really needs to update their interface, as well as lower their pricing. The price is high, not to mention that the website have been known to be down under heavy use.
Etrade used to be the most innovative and web savvy company but with all the troubles and all these up and coming discount brokerages, Etrade has a tough road ahead. Still, this firm has a solid offering if you don't mind paying a little bit more per trade. - 23305
About the Author:
Don't worry if you aren't paying free stock trades because some companies will give you money for your business. Optionsxpress, for example, is running an optionsxpress promotion code that will reimburse your transfer fees.
posted by Mr. Forex at
1:55 AM
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