Different Stock Brokers Features
Want to know which stock broker is the best? Find out in the following article where I talk about the more popular options out there. Hopefully, you can find the one you are looking for below.
Etrade Financial really messed up with its mortgage division. During the past 2 years, the brokerage have been posting consecutive quarters of losses and it doesn't even have anything to do with its brokerage firm. It's really letting Charles Schwab and TD Ameritrade take its share and it's just going downhill slowly.
TD Waterhouse acquired Ameritrade to make TD Ameritrade. They also changed it to green but that's about all the changes they made. The online user interface still looks like it's from the 1990s when everything was based on command lines. I would recommend other options over this one any day.
Charles Schwab have been cleaning up in the last year or so, especially with the troubles of Etrade. Honestly, I've been thinking about moving my money to Charles Schwab as well since they offer everything you'd want.
TradeKing is the stock broker that I use after years with Etrade. While I've made a lot of money with Etrade, I just don't want any problems with it going bankrupt. TradeKing also offers commissions at half the cost of Etrade.
Zecco used to offer free trades (actually it still does with restrictions) and their marketing just sucks. They actually changed the commission structure like 3-4 times in the past few years and many people are just pissed at how everything is handled.
SogoTrade is a nice option because it's $3 per trade. However, it nickel and dimes you on other things like a SEC fee (what is a SEC fee you ask? Exactly!). You may just need to run the numbers to see whether it's going to be cheaper. SogoTrade does seem to do many trades though but it doesn't seem to offer options trading.
Wells Fargo offers free trades for those that have at least $25k with them. This is the good news. The interface isn't so great but it works. Can't complain when it's free right?
Bank of America basically has the same offering as Wells Fargo. It matches them with the free stock trades with the same conditions ($25k minimum to qualify for the free trades). I wouldn't be surprised that they will change something though after they set their feet and start integrating with Merrill Lynch though.
OptionsXpress has a weird name because it's not just a options house. It's not the cheapest and it's not the bigger. Everything is just middle of the pack but then if you are into options, they have the most comprehensive tools. - 23223
Etrade Financial really messed up with its mortgage division. During the past 2 years, the brokerage have been posting consecutive quarters of losses and it doesn't even have anything to do with its brokerage firm. It's really letting Charles Schwab and TD Ameritrade take its share and it's just going downhill slowly.
TD Waterhouse acquired Ameritrade to make TD Ameritrade. They also changed it to green but that's about all the changes they made. The online user interface still looks like it's from the 1990s when everything was based on command lines. I would recommend other options over this one any day.
Charles Schwab have been cleaning up in the last year or so, especially with the troubles of Etrade. Honestly, I've been thinking about moving my money to Charles Schwab as well since they offer everything you'd want.
TradeKing is the stock broker that I use after years with Etrade. While I've made a lot of money with Etrade, I just don't want any problems with it going bankrupt. TradeKing also offers commissions at half the cost of Etrade.
Zecco used to offer free trades (actually it still does with restrictions) and their marketing just sucks. They actually changed the commission structure like 3-4 times in the past few years and many people are just pissed at how everything is handled.
SogoTrade is a nice option because it's $3 per trade. However, it nickel and dimes you on other things like a SEC fee (what is a SEC fee you ask? Exactly!). You may just need to run the numbers to see whether it's going to be cheaper. SogoTrade does seem to do many trades though but it doesn't seem to offer options trading.
Wells Fargo offers free trades for those that have at least $25k with them. This is the good news. The interface isn't so great but it works. Can't complain when it's free right?
Bank of America basically has the same offering as Wells Fargo. It matches them with the free stock trades with the same conditions ($25k minimum to qualify for the free trades). I wouldn't be surprised that they will change something though after they set their feet and start integrating with Merrill Lynch though.
OptionsXpress has a weird name because it's not just a options house. It's not the cheapest and it's not the bigger. Everything is just middle of the pack but then if you are into options, they have the most comprehensive tools. - 23223
About the Author:
So many brokerage firms out there but not enough time to test them all, Stock Trading Brokers try to help figure out which stock broker is really the best in the industry. Zecco Discount Broker, while not the most popular, certainly feel a certain niche because of its free stock trades.
posted by X - Men @ 3:24 AM
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