Etrade vs scottrade penny stocks

Choosing an online stock broker is one of the most important aspects of trading. Optionshouse has been around since It is in fact the lowest cost stock broker we have reviewed here at WiseStockBuyer. They also have no inactivity fees. Optionshouse has a good trading platform too, it was awarded 4 stars by Barrons in Optionshouse also offer a free virtual trading platform for testing your strategies.

They also have a neat little app to make it easy to trade on your iphone, ipad or android devices. Click here to visit Optionshouse.

Tradeking have been around since and have established themselves as a high quality broker. They have won many awards from Barrons and Smartmoney. They are small in comparison to the big players like TDAmeritrade and E-Trade, but they are growing.

The platform is excellent to use, the only thing missing is level 2 data, so if you need this, it may not be the broker for you. Tradeking has a vibrant trading community that has different sections for different ability levels. This is unique as most trading communities are aimed at inexperienced traders.

Some of the other reasons to use Tradeking include no hidden fees, no minimum account size, excellent customer service, low margin rates, no fee IRAs. Other than the no level 2 data, the only other gripe I have is the logging in procedure is very tedious and annoying. Click here to visit Tradeking. Trading fees are either a 0.

So you could buy shares of apple for just a dollar. Click here to visit Interactive Brokers. They offer two pricing models. This is perfect if you scale in and out of trades frequently.

Scottrade Review | uqyhadet.web.fc2.com

They offer one of the most advanced trading platform arounds, yet despite this it has a relatively small learning curve. They offer a tool called radarscreen, which has very sophisticated pattern-recognising features, that can pick out high probability trading setups in real time, before other traders see them.

Tradestation have won countless accolades. Click here to visit Tradestation. They have been around since , but only started offering internet trading in They are one of the largest discount stock brokers with over 7 million clients. They also have over local branches.

Their platform is excellent with platforms for both IPad and Iphone too. Click here to visit TD Ameritrade. This is of course the most obvious one and a very important factor.

This is only likely to be an issue if you have a very small account balance. Personally, I think it may be worth saving up some more risk capital before investing in the stock market if you run into these problems as the fees charged for trades is likely to eat up too much of your balance.

I see a virtual platform as very important. Trading is far from easy, so the ability to practice our strategies can be a big help. Thankfully many of the major brokers now offer this. E-Trade is the only broker in the list above that do not have virtual trading. Platforms vary greatly, some are very simple to use and aimed at the beginner, others are more advanced and may be too confusing for a new trader.

Brokers such as Zecco have a simple platform. Optionshouse have a more advanced platform. TD Ameritrade and Scottrade offer different platforms to suit all levels of experience.

Some traders like their broker to provide them with training.

Many brokers do provide this, but the standard of training is rarely any better than you can find elsewhere. It is also worth bearing in mind that if a broker invests heavily in training material, this may be reflected in the fees they charge. Our view is that you are best getting your training from online sources other than your broker from websites such as this one. Many traders like to share their experiences with other like-minded traders. An increasing number of brokers now offer their clients a place to do exactly this with online trading communities.

These communities are usually aimed at new and inexperienced traders. Zecco and Tradeking offer two of the best trading communities around.

Charles Schwab vs Scottrade vs TD Ameritrade vs Etrade

The speed of execution can be very important. For short term investors who makes a large number of trades, the fill price is extremely important.

Most online stock brokers offer access to stocks, ETFs, IRAs and mutual funds, but not all brokers offer access to options, futures and forex trading. OptionsXpress is one of the few brokers that offer all of these services. OptionsXpress and E-Trade both take international clients. In case you are not aware, a full-service broker offers clients much more than just a trading account.

They often help you with matters such as:. Our view is a resounding, no. Whilst undoubtedly some of the services they provide can be useful, the problem is the cost. This is over 15 times more than you would pay to buy stocks with TD Ameritrade and over 30 times more than you would pay with Zecco. On top of this, they often charge yearly maintenance fees, even if the advice they give you results in average or even poor performance.

By using one of these brokers, you make earning good returns much more difficult, especially if you have a relatively small account balance. Our view is stick with a discount stock broker.

Ally Invest vs Scottrade vs Etrade vs Merrill Edge

We have deliberately only included brokers that we would use ourselves here at WiseStockBuyer. Home Stock Tutorials Stock Brokers Reviews Optionshouse Review TradeKing Review TD Ameritrade Review ETrade Review Scottrade Review Penny Stock Brokers Binary Options Brokers Contact More..

OptionsXpress Review Alternative Investments About. Optionshouse Optionshouse has been around since Interactive brokers are also suitable for international traders. They currently have a promotion where they offer 90 days FREE Trading.

Cost per trade This is of course the most obvious one and a very important factor. Minimum Account Size This is only likely to be an issue if you have a very small account balance. Virtual Trading I see a virtual platform as very important. Platform Platforms vary greatly, some are very simple to use and aimed at the beginner, others are more advanced and may be too confusing for a new trader. Training Some traders like their broker to provide them with training.

Trading forums and community Many traders like to share their experiences with other like-minded traders. Speed and Execution The speed of execution can be very important. Other instruments Most online stock brokers offer access to stocks, ETFs, IRAs and mutual funds, but not all brokers offer access to options, futures and forex trading.

What about a full service broker? They often help you with matters such as: Help choosing stocks Determining risk tolerance Research and market analysis Retirement planning Tax planning A wider range of investments such as derivatives Are they a good idea?