Yada Yada Yada
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There are a lot of good brokerages depending on what you like and how you trade. (These are important considerations, so I won't assume I know your preferences other than volume of trades)
Barron's has a great article on brokerages that they publish each year. (Latest one was in March 6, 2006). Kiplinger does one too.
Here’s the link to the Barron’s article.
http://webreprints.djreprints.com/1550280182488.html
Here’s the link to the Kiplinger’s July 2006 article which isn’t bad either.
http://www.kiplinger.com/magazine/archives/2006/07/brokers.html
For basic stuff, E*Trade, Ameritrade, and Scottrade are sufficient.
Based on what you put in your question, I'd recommend one of the first three, but all are very good. Cheapest probably is scottrade (of the larger online firms). Yes there are cheaper like interactivebrokers, but you'll have to get used to their software based platform (which is doable). They're only about $1/contract on options!
Brokerages like Fidelity are horrible for anyone with any decent experience.
So, decide what's important to you as a trader and compare the brokers! You can use the articles, or go to each website as they all seem to have comparison charts!
And if there are particular things that you want to mention as being most important to you (such as executions, cust svc, cheapest trade, flexibility on allowing you to do certain types of trades, stop and stop limit orders, contingent orders, great graphing, what if scenarios, training, etc), I'll be glad to help discuss this with you too!
If you have any questions, let me know.
Hope that helps! |
andre l
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i have used scotttrade for 8 years with no complaints. i have a buddy at work that uses etrade, and he said that they charge a maintenance fee of $15 if he doesn't trade. scottrade has no hidden fees. i don't know if they still do that dirty lillte trick but, you could call them to find out for sure. |
Mike S
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I used to be a stockbroker... and when I left the business, I researched the discount brokers. Result? Scottrade. Like you, I'm low-key and a long-term investor. For $7 a trade and quick execution, I think they are a good value. I've been a customer for nearly ten years... no problems. |
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