Which online broker is best for Investing Online? Your choice and feedback

ST gets my vote for the $7 trades and easy to navigate site. Was quite simple when I started to easily learn all the functions and such.

I trade in UK where they rob us at $25 per trade that say,s about enough %^&^%*G(*&VR(VR*$$(^%(AND THE REST

I use TD Waterhouse. They are in general cheaper and more trustworthy.

I use Scottrade they have been very helpful and quick to responed to question and have not had any problems as of yet, they have stoped letting you fund the account be echeck, plans are to have something availible at a laitter date. I do not like the fact for the .05% extra charge that the have when stocks a below the $1.00 .

I am looking for my first broker at the moment. So I am looking for one user friendly to newbies.

There is a REALLY Good reason,they stopped the echeck service and if you use scottrade and have not talked to your broker or received a letter from them recently about this, you should call them!!!

Here's the email response from Scottrade, when I inquired about the echeck service. I had received no formal communication from them prior.

Dear Investor,

Thank you for your email. On Oct. 25, 2005, TROY Group Inc., the provider of
the eCheck SecureTM service, reported to us that a computer hacker had
compromised its eCheck SecureTM servers. Because of this, the eCheck Secure
deposit option has been permanently removed from Scottrade's system as of
Friday November 18 at 5 pm eastern time.

As a result, personal information for approximately 137,000 Scottrade
account holders may also have been compromised. Only eCheck customers who
have funded their account at least once are affected. Customers who have
applied for eCheck, but never used eCheck as a method of funding their
account are not at risk.

In the vast majority of situations, there is a very low risk that
information accessed at TROY Group could be used to compromise Scottrade
accounts. However, if you used your Social Security number as your driver's
license or state ID number, please be advised that this may pose a greater
risk of compromise.

All customer who may have been affected by this event have been notified via
letter, including explanation and suggested steps for safeguarding your
personal information.

Changing your Scottrade account number is an option you have but not
required. To further discuss your options, please contact your local branch
office at your convenience.

We are currently researching alternatives and hope to be able to provide one
in the very near future.

Until that time, all funding of Scottrade accounts must be made by
depositing a check, money order or cashiers check or by initiating a wire
transfer from your bank account.

Please accept our apologies for any inconvenience and we appreciate your
patience as we explore alternative methods of simplifying deposits.
Please contact your local branch for further details or questions. You may
obtain the telephone number of your local Scottrade branch office through
our home page in the Branch Locator -
http://www.scottrade.com/frame_branchlocator.asp.

You can use bill pay. Please be sure to use your local branches address and
your Scottrade account number.

I use "lowtrtads.com" a division of Success Trade Securities Inc.
Have had no problems. They charge $5.00 for BUY trades up to 500,000 shares then $5.00 for all increments of 500,000. Sells are $5.00 irrespective of quantity of shares.

ezilift

I like Scottrade. Simple and easy to use. I haven't used anything else besides Sharebuilder and I would not reccomend it. $4 a trade but the trade has to be scheduled for a Tuesday. Other than that it is $15 to buy or sell.

Scottrade

I started with sharebuilder, and its a great place for someone just starting out with very limited funds. I now use scottrade, and over all am content with them except like mentioned by someone else, ya get smacked with an extra .5% on the principal for trades involving stocks under a buck

So how much does Scottrade charge for commission?

I use Scottrade and I'm very happy. I am a new trader and most of the time I have no clue what is being talked about on these boards. So what I do is call Scottrade and talk to a representative and they explain to me what the terms mean and how that affects me. I feel very comfortable with them after only 2 weeks of use. $7 a trade and the .5% aren't half as bad as some of the other charges you can get from other brokers.

http://www.scottrade.com/commissions...ions_sched.asp





http://www.consumersearch.com/www/in...nline_brokers/


http://www.smartmoney.com/brokers/in...ory=2005-intro


http://www.smartmoney.com/brokers/in...-intro&pgnum=2


http://www.smartmoney.com/brokers/in...-intro&pgnum=3


http://www.smartmoney.com/brokers/in...-intro&pgnum=4

alright, just to make sure that I am reading it all right. Scottrade is $7 per trade (but there may be multiple trades per transaction to complete your order). There is a .5% fee for stocks under $1. There is no additional fee for stocks over $1, just the $7 per trade.

Is that correct? Or are there more hidden fees that I am not seeing?

You have it on the fees and with this, say you put in a limit order for 1000 shares of xyz @ $3.10 and 500 shares fill and then the price moves to $3.20
If you want those other 500 shares and you don't think the price will drop back to your limit order ($3.10) Then you would move your limit order to $3.20 and try for them there.
That means you used and then canceled your first order and now have another order which is now costing you a second commission charge if it fills or even partially fills.

You can use a market order and get around this but then the market dictates what you pay.

http://www.sec.gov/answers/limit.htm

http://www.sec.gov/answers/mktord.htm

http://www.sec.gov/investor/pubs/tradexec.htm

http://www.sec.gov/answers/orderbd.htm

Scottrade

Thanks for the info I had talk to my broker about why this was stoped told me they had a problem with one of the servers that they used.
Well he just forgot to tell the whole story still no letter from them as of yet.
Michael E

I have a local Scottrade branch a few miles from home. How convenient.

I use Scottrade and the .5% fee is a bummer. I rather pay that fee though then the in activity fee that Ameritrade charged me in the past when I was out of the country, or the penalty Datek charged me for not keeping my minimum balance. (before the merger)
Also I have gotten away with a lot of free rides with my Scottrade account since I don't have sufficient funds yet for a daytrade account. GoGo Scottrade!