Comments on: Which Online Broker is Your Favorite?

By: stockmanmarc

stockmanmarc — Mon, 28 Sep 2009 20:51:10 +0000

I use Interactive Brokers, very cheap and excellent execution.

100 Shares @ USD 50 Share Price= USD 1.00
1,000 Shares @ USD 50 Share Price = USD 5.00

By: Lo. Price

Lo. Price — Wed, 28 May 2008 22:40:29 +0000

Zecco. Though I only have a taxable account with them, a retirement account based on passively managed index funds makes a lot of sense. I think their IRA annual fee is $30/year which is not bad if you have a decent balance. Every month, you can use your free equity trades to buy major sector/style ETFs, with among the lowest expense ratios (say .08-.15) in the business. Think Vanguard and iShares ETFs. For instance, you could make a well-diversified portfolio by investing in 5 different ETFs a month: small-cap blend, mid-cap blend, large-cap blend, a REIT and foreign emerging markets or whatever your preferred mix.

By: Tyler

Tyler — Wed, 28 May 2008 17:31:24 +0000

I love both Sharebuilder (ING direct) and Vanguard… I just cashed out some shares yesterday for a home purchase and was surprised with how good Vanguards customer support was through the process (I had to rush funds). Couple that with the lowest expenses of any major brokerage house and you’ve got a winner.

By: steve

steve — Mon, 28 Apr 2008 03:04:14 +0000

TradeKing.com

By: investorguy

investorguy — Mon, 28 Apr 2008 00:55:44 +0000

I’m a fan of both Zecco (it’s free!) and Sharebuilder (cheap and flexible).

By: Tony Leach

Tony Leach — Sun, 27 Apr 2008 17:39:42 +0000

Hey, it’s great to see so many positive comments about Zecco! Thanks for helping spread the word, everyone.

Tony
Zecco Product Manager

By: mike

mike — Sat, 26 Apr 2008 13:28:33 +0000

Zecco. i have a really good experience with zecco because i got so many free trades with out a hiss problem

By: Zecco Rollovers

Zecco Rollovers — Sat, 26 Apr 2008 04:41:48 +0000

Zecco now has Rollover IRAs!

By: Joshua

Joshua — Wed, 23 Apr 2008 18:26:07 +0000

I use sharebuilder and I am pretty comfortable with them. I was going to set up an etrade but didn’t complete it. I’m just not as trusting as they expected me to be. But ShareBuilder(which is also linked to ING now), is a great financial combo for me.

By: moiah

moiah — Sun, 20 Apr 2008 08:50:35 +0000

Wells Fargo PMA package is the best for price. 100 free trades in three seperate accounts (2 Roth, 1 taxable).

By: Scott Trade

Scott Trade — Sat, 19 Apr 2008 17:34:28 +0000

Scottrade and Zecco. Scottrade for my Rollover IRA, and Zecco for my Roth IRA and regular brokerage account.

Scottrade: $7 per trade, no trading frequency requirements, no annual fee, no inactivity fee.

Zecco: ten free trades per month!

If Zecco had Rollover IRAs, then I’d get rid of my Scottrade account.

I don’t have mutual/index funds–value investing with stocks all the way! Warren Buffett, Benjamin Graham, and Phil Town.

By: Robert

Robert — Sat, 19 Apr 2008 14:02:22 +0000

Why hasn’t anyone mentioned izone? (www.izone.com) It’s Ameritrade’s little known cousin. Five bucks a trade for market and limit orders. Quick, easy, no phone support but lightning trades and incredibly cheap. I’ve been using them for years.

Rob

By: Ben

Ben — Thu, 17 Apr 2008 17:14:42 +0000

I use Zecco as well. I’ve been keeping to under 10 trades a month. The zero cost to trading has been real nice.

Though their site is very simple it doesn’t bother me since they’re saving me thousands $$$.

Ben

By: My Dollar Plan

My Dollar Plan — Thu, 17 Apr 2008 02:48:27 +0000

It used to be Scottrade. Until they started charging for Vanguard and eliminated the ACH transfers. Since then it’s been downhill.

By: kitty

kitty — Thu, 17 Apr 2008 02:40:33 +0000

I’ve been pretty satisfied with TD Ameritrade – $9.99 for stocks/ETFs regardless of how much you have on the account, no inactivity fees and I can do dividend reinvestment. I don’t trade that often anyway, and I don’t touch options. Good research information on the website (after you logon).

Their fee for no-load mutual funds is a bit high, but I prefer to buy mutual funds directly from the mutual fund companies. Besides, most of my mutual funds are in 401K.

By: Brandon

Brandon — Wed, 16 Apr 2008 21:10:25 +0000

i use thinkorswim. i pay .0125 a share (min $5) and $1.50 for options contracts. cant beat that. no inactivity fees and i can call or instant message them with any questions or trading strategies. free webinars everyday. desktop platform is great! wouldnt change if i got paid! (unless it was an amount where i wouldnt have to trade anymore =) )

By: Jeff

Jeff — Wed, 16 Apr 2008 20:53:04 +0000

I have had no problems with Scottrade for 4 years but have never had to actually withdraw any money. Anyone have experience with this? It looks easy and straightforward (request a check) but am just curious…

By: Kira

Kira — Wed, 16 Apr 2008 19:14:49 +0000

For mutual funds – Vanguard hands down. For everything else – USAA. Their rates are great and I can trade from my crackberry. All in one w/ my bank, insurance, credit card, etc. They can’t be beat!

By: Scott

Scott — Wed, 16 Apr 2008 19:05:02 +0000

Zecco

By: Greg

Greg — Wed, 16 Apr 2008 18:13:14 +0000

Scottrade. I switched from Smith Barney, which had a minimum commission of $25 per equity trade. I just wish Scottrade did dividend reinvestment.

By: Kyle

Kyle — Wed, 16 Apr 2008 17:57:43 +0000

I like Scottrade. They aren’t the cheapest anymore but they do tax-basis accounting for you. Firstrade is also good if you are going to reinvest dividends. I haven’t tried Zecco yet, but will likely switch. Can’t beat free trades.

By: unimax

unimax — Wed, 16 Apr 2008 17:52:10 +0000

tradeking and scottrade (IRA).

By: Fiscal Musings

Fiscal Musings — Wed, 16 Apr 2008 16:06:44 +0000

I’ve been happy with Scottrade. It’s simple and inexpensive.

By: Rick

Rick — Wed, 16 Apr 2008 15:48:59 +0000

I do have experience with Zecco, and I like it. I know it has a lot of bad rapport out there, but I have had good experiences with it. You get what you pay for, certainly; there’s no advice, the tools are limited, and (from what I’ve heard) customer services is lacking. But I think of it like Walmart. When I go in to Walmart, I don’t need a lot of attention from the salespeople. I don’t need advice and assistance. I just get my purchases, go through the self-checkout, and get out. It’s the same with Zecco. All I need to do is buy and sell stocks, and for that, Zecco is really good. And it’s free.

By: Troy

Troy — Wed, 16 Apr 2008 15:26:45 +0000

While not specifically broker (I don’t think), I’m a big fan of Sharebuilder. I like their gift program, where you can purchase stock as a gift for a child, and then Sharebuilder sends them this package that really helps them understand what investing is all about. It’s a great way to teach children about money and investing.

By: FlatGreg

FlatGreg — Wed, 16 Apr 2008 14:55:46 +0000

Scottrade!

I’m wondering if anyone has experience with zecco.com.

By: Debbie M

Debbie M — Wed, 16 Apr 2008 14:11:17 +0000

Scottrade. It’s almost the cheapest and yet still is really good. I like that there’s no monthly payment–if you don’t trade, you don’t pay. And I like that when you do trade, it’s a pretty low fee, no matter how big the trade is.

They are a discount broker and thus don’t give advice. But since I don’t trust broker advice, that’s a good thing for me. There is no spam, begging, or any other kind of weirdness. However, when I have gone in to their office to ask questions about forms or procedures, they were there and helpful.

If you’re a day trader or want some hand-holding, this probably isn’t the broker for you. I don’t have anything to compare it to except e-trade; my boyfriend has used both and far, far prefers Scottrade.

By: ryan

ryan — Wed, 16 Apr 2008 12:49:53 +0000

i like scottrade. $7 for equity and $17 for mutual fund trades, no matter the dollar amount. i have never had a problem in three years. much better than $50 TO START to trade a mutual fund at Schwab.

By: James

James — Wed, 16 Apr 2008 12:20:54 +0000

I use Bank of America, because they bought out Quick & Reilly, who I used to use. I guess I’m satisfied with them. The devil you know…

By: Zachary Spencer

Zachary Spencer — Wed, 16 Apr 2008 12:13:20 +0000

I’m a big fan of eTrade. They’ve got some great research tools built in, have no-fee no-load mutual funds for my IRA, and have excellent customer service. I generally get email responses within an hour or two of sending them in.

Admittedly the cost per stock trade is high unless you have $50K in assets with them, but I generally just do mutual funds in my IRA anyway.