Pros: Minimal restrictions on "what" can be bought
Cons: Stock Must have a bid/ask in order to place an order
Pros: None that I can think of
Cons: fees and restrictions like no one else
Pros: Cheap, HTML 5, Did I mention cheap?
Cons: Have to pay for real-time quotes, DD is almost impossible
“ Zecco has lost its way once they got in bed with Penson (currently in BK) and continuing to clear thru APEX (the spun off Penson) - They are by far the worst brokerage I've dealt with - I have 4 different brokers Sharebuilder - very good for long term investors - not penny stock friendly. Firstrade - Nothing special, in fact, I stopped trading in that account...” --ErnieBilco
“ Scottrade is a great trading platform for a penny stock trader. With commissions of $7 a trade and some very minimal % fee for "penny stocks". A penny stock is a stock priced less than $1 per share. Very cheap to open an account which allows more people to enter the investing world. $500 to open.” --ErnieBilco
“This is my option broker. I have this, and ThinkOrSwim. I hardly trade through ToS because their standard prices are much higher than ChoiceTrade. ToS in terms of education and platform is far superior, but if you want a low cost no frills broker, I think this is one of the best. Current rate is $5/trade + $0.15/ct while ToS is $9.99 + $0.75/ct. It adds up quickly, trust me. Choicetrade does...” --Bermudan Option
“ Nothing but great experiences from ToS. Their platform and Iphone app (primarily what I use) is amazing. The platform does take some getting used to, but is very functional. The iphone app puts all others I've seen to shame. The bid/ask are up to the second, it gives you all the info you need in just a few screens, and the execution speed is great. The commissions can...” --HIHH
“ I opened up the account. Downloaded the Desktop pro platform to trade on. I have been trading stocks and mutuals for long term stuff. I decided to get into the options game with a small account to start. The comisions are very good, less then $1 a contract. But the trading platform is just horrible. I started with the paper trading account to get a feel for it before I risk real money. ...” --cmb
“ Been with them 3 years, fees are pretty good. Options prices are just ok at 10$ + 1$ per ct stock is 4.99 to a max 9.99$ The QT web interface is alright but it often times out. They are coming out with a new interface summer 2012 that should have a mobile app which is a big plus. ” --binks
“Schwab is a good broker if you put a very high premium on customer service, they are always there to cancel transactions for example when stocks split or reverse split, you enter a selling price with an extra zero and don't catch it, they are proactive in helping with any CUSIP changes, etc. You can be pretty sure your money is safe with them, and they are fairly easy with settled cash and...” --rando
“ I've been trading with them for two weeks and everything has gone smoothly. Edit: Dec 5 On Dec 2 they experienced system problems and I have been unable to place any trades. Tonight I looked at their 'user forum' and discovered that their system problems have affected many or possibly all of their accounts. Prior to tonight I thought the problem was just with my...” --Bob Korreck
“ They have good tools, very "options trader freindly" screens, multiple ways to trade, and very good options screeners and options risk graphs. $1.50 per contract is a little high for my tastes. ” --OldFart
