What is the best online broker for a new investor??

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What is the best online broker for a new investor??

Suggestions appreciated, with explanations. I only have $600 saved to play with, so im already limited to what i can do. I am concerned with fees and such.

Thanks

Geeeyaaa

Scottrade requires a minimum of $ 500.00 to open an account.

You can easily open one up at any local brokerage near your house. They have over 295 branches nationwide.

Things to bring when applying for an account:

1) 2 forms of picture ID.
2) Proof of social security.

Here's a chart comparison of brokerages in the U.S. :

http://www.scottrade.com/online_broker_comparison/discount_brokerage_comparison.asp

BangkokBob

Whatever you do, do not buy Sirius or XM Satellite stock. They are both headed to the toilet.

Driven Daddy

I recommend Scottrade (scottrade.com). Low fees, low investment minimum, yet a complete and established broker that's been around a while. They have branch offices too in many cities (in case you prefer personal touch or face-to-face).

cmeduck

Here's a good broker to use if you don't have much to invest:
http://www.best-stock-trading-systems.com/sharebuilder_review.html

~ Voter ~

Things are not fair on the Internet.

Companies are making tons of money off us left and right. Every time we buy something, watch an ad, even search the Internet, money is getting dealt all around us. And we donВ№t see a cent.

There is one company out there that wants to change all that. ItВ№s called AGLOCO (short for ВіA Global CommunityВІ) and their slogan is ВіGet Your Share of the InternetВІ. If we join, they will collect some of the money that usually passes between companies and give that money back to US. After all, weВ№re the ones that generated it.

When Google launched, a great search for free was a good deal. Now that Google is making over a billion dollars a month off our searches, obviously FREE IS TOO EXPENSIVE.

If Google can afford to pay AOL 10 cents per search (which they do), they can afford to pay us the same. AGLOCO want to help us make that happen.

So check out AGLOCO and sign-up. If we build the community and refer other members, AGLOCO recognizes that weВ№re the ones making them valuable and we make more money. Sign up by clicking this link: http://www.agloco.com/r/BBDK9783. It has my referral ID in it and I get instant credit. Thanks!

kayak

First learn how to trade BEFORE you put your money at risk.

Go to yahoo financial and set up a theoretical portfolio consisting of shares in companies you would like to own. Its free

Yahoo financial has the best research information I have found. Make theoretical trades for a few weeks/months and track your ability to make/lose money.

When you are comfortable open an account with E*Trade and have fun.

Cali9

I used Sharebuilder. You can pay a very, very small monthly fee to invest and it' user friendly. www.sharebuilder.com. Look @ Sirius stock, they are about to become XM Radio. Stocks might split?!

THDK

you need 5000 at least to set up an account with a brokerage firm.

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