Brokerage account

hellokitty · 07-21-2010, 12:32 AM

I'm looking to invest in some equities and I need recommendations on where to open a brokerage account.

thanks!

hellokitty · 07-21-2010, 12:36 AM

low fees would be good too

bonwit904 · 07-21-2010, 01:11 AM

There are some cheaper options like sharebuilder and tradeking out there...but they won't offer you the mutual fund, and IPO, exposure that etrade, and schwab do.

I think etrade is about 7.99 a trade, although some pay 9.99 a trade. You can get others like trade king for quite a bit less. If you intend upon trading volume go with one of the cheaper guys. Otherwise go with etrade, schwab, or TD Ameritrade.

giants84 · 07-21-2010, 01:46 AM

Scottrade is good, 7 dollar trades and only a 500 dollar minimum.

Buegie · 07-21-2010, 08:56 AM

Quote:

Originally Posted by bonwit904

There are some cheaper options like sharebuilder and tradeking out there...but they won't offer you the mutual fund, and IPO, exposure that etrade, and schwab do.

I think etrade is about 7.99 a trade, although some pay 9.99 a trade. You can get others like trade king for quite a bit less. If you intend upon trading volume go with one of the cheaper guys. Otherwise go with etrade, schwab, or TD Ameritrade.

IIRC you have to make 250 trades/quarter to get the $7.99, otherwise it's $9.99

KingOfJericho · 07-21-2010, 09:05 AM

Quote:

Originally Posted by giants84

Scottrade is good, 7 dollar trades and only a 500 dollar minimum.

Yep. This is what I use.

Freakazoid · 07-21-2010, 09:29 AM

zecco's solid if you want cheap fees and not looking for any frills... $4.50 a trade, and you can get 25 free trades pretty easily per month

BTM · 07-21-2010, 09:31 AM

I don't use anyone at the moment, but if I were it would probably be Scottrade. I've heard that people really like the E-trade Pro platform, but that their pricing schedule doesn't justify it - Scottrades is very good and their prices are more attractive. I hope to be speaking from personal experience soon

Bart@AUTOcouture · 07-21-2010, 02:29 PM

http://www.sogotrade.com/

/end

lauer87 · 07-21-2010, 08:42 PM

Depends how much $ you want to invest and what kind of investing your going to be doing.

If you investing more than $10k, and plan on margin investing, I'd give Interactive Brokers a look. They're margin loan rates are extremely low.

BTM · 07-21-2010, 08:59 PM

Quote:

Originally Posted by Bart@AUTOcouture

http://www.sogotrade.com/

/end

Wow cheap options

Buegie · 07-21-2010, 09:17 PM

Quote:

Originally Posted by Bart@AUTOcouture

http://www.sogotrade.com/

/end

damn, that's cheap...how do you like it?

akack79 · 07-22-2010, 11:35 AM

https://www.wellsfargo.com/jump/investments/freetrades

there's a minimum balance needed though.

Freakazoid · 07-22-2010, 01:53 PM

SOGOTrade is a bit of the PITA.... I originally started with them.

Slow transfers, you have to actually send a voided check (if you're like me, and pay everything online, you don't even have a checkbook anymore), have to wait for all that fun stuff, etc etc.

edit: I just saw they have apparently they reduced their fees since the last time I investigated them... they are damn damn cheap.... i might have to switch over now

Freakazoid · 07-22-2010, 01:56 PM

Quote:

Originally Posted by akack79

https://www.wellsfargo.com/jump/investments/freetrades

there's a minimum balance needed though.

for 'free trades', zecco is better... with a 25k balance you get 25 free trades every month

Baoer · 07-22-2010, 03:18 PM

wells fargo lets you get away w something like 40% of your mortgage loan = 25+ you're qualified too...i dont have 25k cash hanging around =[ poor poor man

BigDog · 07-23-2010, 02:56 AM

what kind of volume are looking to do daily? that'll determine a lot of things

07-21-2010, 12:32 AM	#1
hellokitty Brigadier General 2954 Rep 3,734 Posts Drives: '17 M3 ZCP DCT Join Date: Jul 2010 Location: Southern California iTrader: (2)	Brokerage account I'm looking to invest in some equities and I need recommendations on where to open a brokerage account. thanks!
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07-21-2010, 12:36 AM	#2
hellokitty Brigadier General 2954 Rep 3,734 Posts Drives: '17 M3 ZCP DCT Join Date: Jul 2010 Location: Southern California iTrader: (2)	low fees would be good too
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07-21-2010, 01:11 AM	#3
bonwit904 Second Lieutenant 124 Rep 204 Posts Drives: 2022 M5C Join Date: Apr 2009 Location: NY iTrader: (0)	There are some cheaper options like sharebuilder and tradeking out there...but they won't offer you the mutual fund, and IPO, exposure that etrade, and schwab do. I think etrade is about 7.99 a trade, although some pay 9.99 a trade. You can get others like trade king for quite a bit less. If you intend upon trading volume go with one of the cheaper guys. Otherwise go with etrade, schwab, or TD Ameritrade.
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07-21-2010, 01:46 AM	#4
giants84 Second Lieutenant 24 Rep 215 Posts Drives: 13 x6 5.0 Join Date: May 2010 Location: Brooklyn,New York iTrader: (0)	Scottrade is good, 7 dollar trades and only a 500 dollar minimum.
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07-21-2010, 09:29 AM	#7
Freakazoid Captain 188 Rep 962 Posts Drives: Saturn Redline Join Date: Dec 2009 Location: Pittsburgh iTrader: (0)	zecco's solid if you want cheap fees and not looking for any frills... $4.50 a trade, and you can get 25 free trades pretty easily per month
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07-21-2010, 09:31 AM	#8
BTM Banned 501 Rep 10,309 Posts Drives: A///MERICAN!!! Join Date: Mar 2010 Location: A///MERICA!!! iTrader: (11) Garage List 2007 BMW Z4 M Coupe [7.20]	I don't use anyone at the moment, but if I were it would probably be Scottrade. I've heard that people really like the E-trade Pro platform, but that their pricing schedule doesn't justify it - Scottrades is very good and their prices are more attractive. I hope to be speaking from personal experience soon
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07-21-2010, 02:29 PM	#9
Bart@AUTOcouture 1054 Rep 4,627 Posts Drives: F95X5M \| E46M3 \| E92M3 \| E60M5 Join Date: Feb 2006 Location: South Florida iTrader: (5)	http://www.sogotrade.com/ /end
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07-21-2010, 08:42 PM	#10
lauer87 Lieutenant 8 Rep 586 Posts Drives: 335xi Join Date: Sep 2007 Location: USA iTrader: (0)	Depends how much $ you want to invest and what kind of investing your going to be doing. If you investing more than $10k, and plan on margin investing, I'd give Interactive Brokers a look. They're margin loan rates are extremely low.
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07-22-2010, 11:35 AM	#13
akack79 Brigadier General 149 Rep 3,167 Posts Drives: G80 M3 Join Date: Sep 2007 Location: T E X A S iTrader: (18)	https://www.wellsfargo.com/jump/investments/freetrades there's a minimum balance needed though. __________________ 2018 F80 M3 6MT ZCP Last edited by akack79; 07-22-2010 at 11:50 AM..
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07-22-2010, 01:53 PM	#14
Freakazoid Captain 188 Rep 962 Posts Drives: Saturn Redline Join Date: Dec 2009 Location: Pittsburgh iTrader: (0)	SOGOTrade is a bit of the PITA.... I originally started with them. Slow transfers, you have to actually send a voided check (if you're like me, and pay everything online, you don't even have a checkbook anymore), have to wait for all that fun stuff, etc etc. edit: I just saw they have apparently they reduced their fees since the last time I investigated them... they are damn damn cheap.... i might have to switch over now
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07-22-2010, 03:18 PM	#16
Baoer Second Lieutenant 15 Rep 207 Posts Drives: AW 335i Coupe Join Date: Feb 2009 Location: OC, CA iTrader: (1)	wells fargo lets you get away w something like 40% of your mortgage loan = 25+ you're qualified too...i dont have 25k cash hanging around =[ poor poor man
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07-23-2010, 02:56 AM	#17
BigDog Major 331 Rep 1,079 Posts Drives: YMB F80 Join Date: Jul 2005 Location: NYC iTrader: (1)	what kind of volume are looking to do daily? that'll determine a lot of things __________________
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