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alexanderjcoop
Alabama Fan
Mobile, AL
Member since Nov 2009
33 posts

Online Broker Recommendations?


Looking to open a trading account not tied to my current 401k and retirement accounts. No large sums just 5k to start and simply buying company stocks I have an interest in. I only expect to conduct a few trades per month on average.

Keys for me are low trade cost, no account maintenance fees and a good iPhone and/or iPad app for trading. This is the best comparison resource I've found so far Barron's

I'm looking at Scottrade, Etrade and TD Ameritrade...any others? Any to avoid?

Any experience with the iPhone/iPad apps? I can't get a read on who has the best one...

Thanks for the advice.









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Siderophore
LSU Fan
Member since Nov 2010
3334 posts

re: Online Broker Recommendations?


Seems like sharebuilder is your perfect match.

No maintaince fees or minis, it costs 8 dollars a trade but automatic investments cost only 4 dollars each (basically preplanned investments that are purchased when the next Tuesday passes after funding. You can also set it to stay active in waiting till enough money is transferred to the account.)

Also can get a premium package that has a lot of features, including 12 free auto investment buys (and each additional only a dollar more) for like 12 dollars a month.

The iPhone app also works really well with its functionality.

Also like the detailed lot/tax info always available






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jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4688 posts

re: Online Broker Recommendations?


I use. TD Ameritrade for my Roth since there is virtually no trading activity I'm not worried about the higher fees.

I use OptionsHouse for my taxable acct that I trade more actively.

They have a good app, rock bottom rates, and have excellent customer service.






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npt817
LSU Fan
Prairieville, LA
Member since Sep 2010
661 posts

re: Online Broker Recommendations?


TradeKing





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BJ titsnbeer
LSU Fan
Gods Country
Member since Mar 2011
180 posts

re: Online Broker Recommendations?


quote:

TradeKing


This






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GrantTheFan
LSU Fan
Baton Rouge
Member since Nov 2010
225 posts

re: Online Broker Recommendations?


I did eTrade for a couple years and there always seemed to be some issue that popped up and customer service wasn't great. I transferred the account to Scottrade mostly because there's an office 5 minutes from my house and I figured when something comes up, at least I can go in and talk to somebody. They've been great and the iphone/ipad app work great as well, all for only $7 per trade.





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Cmlsu5618
McNeese State Fan
Destin/Jacksonville, FL
Member since Sep 2010
1807 posts

re: Online Broker Recommendations?


Merrill Edge has trades for $6.95. Self-direct free option and advisor-based options for a very decent price IMO.





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matthew25
Ole Miss Fan
Member since Jun 2012
3276 posts

re: Online Broker Recommendations?


Does Scottrade have an office in your city?

I will never do business with TDAmeritrade again.






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Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
38791 posts

re: Online Broker Recommendations?


I like scottrade but wish they offered DRIPS





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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3423 posts

re: Online Broker Recommendations?


quote:

but wish they offered DRIPS


I use Sharebuilder. $6.95 per trade and free dividend reinvesment. I have long been a customer of ING Direct, now Capital One 360, and the transactions are seamless from there to Sharebuilder. I do not have any complaints.






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