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re: Best Online low-fee DIY Investing Site?

Posted on 3/10/14 at 3:38 pm to
Posted by PenguinNinja
Antarctica (and Japan)
Member since Sep 2011
2082 posts
Posted on 3/10/14 at 3:38 pm to
quote:

I use this, but I'm not hardcore about it. It has a lot of functionality, and a reasonable fee.


I don't want to be hardcore. Just want to have some money that I can afford to lose play with to keep me interested & learn more about investing. I don't intend to get into anything too complicated.

I prefer a functional, but simple, platform/interface.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10232 posts
Posted on 3/10/14 at 4:22 pm to
quote:

I don't want to be hardcore. Just want to have some money that I can afford to lose play with to keep me interested & learn more about investing. I don't intend to get into anything too complicated.

I prefer a functional, but simple, platform/interface.



You want TD or E-Trade based on you comments above. IB, OE and some others have low fees and direct access, but the low fees are based on a certain level of activity. I have an e-trade account also. They dropped my commission to 7.99. It is really good for a lot of things I do. When I trade pennies, or trade volume and need quick execution and direct routing access, I wouldn't use anything but a direct access platform, and I don't. Same with options.

Also, if you're going to have a margin account, some other factors would be if they figure your margin based on portfolio, or individually. Interest rate? If there is either a house call, or Fed call, how many days do they give you, etc.

If you get serious, you can graduate out of e-trade or TD Ameritrade. Brokers will pay your fees incurred for transferring your account.
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