Wednesday, June 14th, 2017

What is the best stock trading site to us to buy stocks and what fees are you charged?

I am planning to invest 1,000 and want to know the AMS in the best place to use and cu? They are the drawbacks?

Comments

3 Responses to “What is the best stock trading site to us to buy stocks and what fees are you charged?”
  1. walt17jr says:

    I use Scottrade. It cost $7.00 to buy or sell. There are no other fees. Customer service is good. Research tools are also good. I don’t know if they are the “best” but I don’t have any complaints with them

    Drawback: they do not provide investment advice. But with a $1000 account, I doubt you will get much help from any firm.

  2. enoriverbend says:

    $1K isn’t very much money to get started in individual stocks. It isn’t enough money to be diversified easily, and fees (and the spreads) will chew up your returns.

    I’d suggest investing in mutual funds to start if you have this amount, and perhaps setting up an automatic monthly investment plan with the fund. An S&P 500 index or total world market index fund is a great place to start. Try Vanguard or Fidelity:
    http://www.vanguard.com
    http://www.fidelity.com

    If you insist on individual stocks, you’ll want the lowest fees possible. TDAmeritrade is a great low-fee brokerage house and offers account holders a number of very useful tools.
    http://www.tdameritrade.com

    E-trade and Scottrade are two other low-cost competitors that have good reputations:
    http://www.etrade.com
    http://www.scottrade.com

    Sharebuilder is another interesting brokerage — this one is perfect for the small investor who wants to become diversified quickly. That’s because Sharebuild supports partial shares — that is, if you want to invest $500 in a stock that is selling for $200, they’ll arrange for 2.5 shares. The fee structure is designed to be a good deal for monthly automatic investing.
    http://www.sharebuilder.com

    (By the way, I cannot recall offhand what the minimum account is at any of these except Sharebuilder where there was no minimum the last time I checked.)

    There is at least one “zero-fee” brokerage, zecco.com. I don’t have any personal experience with them so I cannot comment.

  3. Jim K says:

    Go with the low cost leader, zecco.com.

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