EASIEST to use online trading company for beginners ??

Cosmosis · 11-30-2005, 03:42 PM

Hey all, new guy here. I'm just getting into all of this and i'm trying to find an online trading company that is very easy and simple to use for someone who has absolutely NO knowledge of buying and selling Stock shares. All i'm interested in is buying shares and being able to sell them at any time i choose online, something that's quick and simple. Any help would be well appreciated.

Luc1Grunt · 11-30-2005, 03:49 PM

SCottrade. If you have a branch office close by, even better. They can help website details and provide you some basic knowledge. $7 a pop and gainskeeper makes transactions easy to access. Had E-trade, like Scottrade.

BrianB · 11-30-2005, 06:15 PM

if you are new here, take a look at the other posts before creating a new one. there are posts similar to yours on page 1.

deepinwonder · 11-30-2005, 06:26 PM

Doesn't Scottrade limit after hours access (A/H trading closes at 8pm est, not 6pm) and hold your money up for days, so you can't make another trade, right away? If so, I think it bears mentioning, when recommending to others. I do not have those limitations with mine.

Cosmosis · 11-30-2005, 10:58 PM

Quote:

Originally Posted by Luc1Grunt

SCottrade. If you have a branch office close by, even better. They can help website details and provide you some basic knowledge. $7 a pop and gainskeeper makes transactions easy to access. Had E-trade, like Scottrade.

Thanks for that info Luc1Grunt. I went to the site and was wondering if you had to pay the $500 deposit when you go through the "Get Started Apply Now" process or do you pay at a later time when you decide to?

Luc1Grunt · 12-01-2005, 08:31 AM

The 500 is to open the account and is still your money. You can deposit it and use it as soon as it's settled...Mine took 2 days.

If you enroll on-line, someone will contact you from the local branch.

In the past (may now be changed), you have to either mail the check or hand carry it to a branch. They do not let you comletely enroll on line (yet).

You may want to find a friend who has Scottrade and have them refer you. That way, you get 3 free trades and they get 3 as well. If you enroll on your own, you DO NOT get free trades.

They had some hacker scares with E-transfers from a bank account for your future deposits, but it was a precautionary "scare" only and no damage was done. Pretty typical with any online transaction/e-transfers.

Hope that helps, and good luck in your investments.

Cosmosis · 12-01-2005, 03:30 PM

Quote:

Originally Posted by Luc1Grunt

The 500 is to open the account and is still your money. You can deposit it and use it as soon as it's settled...Mine took 2 days.

If you enroll on-line, someone will contact you from the local branch.

In the past (may now be changed), you have to either mail the check or hand carry it to a branch. They do not let you comletely enroll on line (yet).

You may want to find a friend who has Scottrade and have them refer you. That way, you get 3 free trades and they get 3 as well. If you enroll on your own, you DO NOT get free trades.

They had some hacker scares with E-transfers from a bank account for your future deposits, but it was a precautionary "scare" only and no damage was done. Pretty typical with any online transaction/e-transfers.

Hope that helps, and good luck in your investments.

Thankyou very much for that info and good luck in your investments also!

deepinwonder · 12-01-2005, 05:01 PM

Pump the brokerage without explaining what the drawbacks are, real helpful... I even asked you to spell it out, but you deliberately ignored my questions. Why?

Luc1Grunt · 12-01-2005, 05:15 PM

Deep.....me? Not pumping anything. I have no drawbacks from my experience as compared to E-trade. It is cheaper and gives me what I need. This thread is recommendation. ?

Drawback, explaining drawbacks.

deepinwonder · 12-02-2005, 03:15 AM

Drawbacks... like being blocked from pre-market trading, blocked from bidding in after hours on anything but Nasdaq and only up until six o'clock, and blocked from using your money immediately after selling for another buy. I asked those questions, which were ignored, while only the positive side was presented. That's why I used the word "pumping." I had to take the time to look them up myself and I was correct, I've seen those complaints from Scottraders before.

These are all serious limitations that could cost an investor money and opportunity that a cheap seven dollar trade might not compensate for. Other than that, people love it, from what I've read, but I wouldn't put my money in there. I have it much better than you do and access to everything. My trades will be seven dollars soon, too. But right now, I do not recommend my brokerage, because that remains to be seen. Hopefully, in two weeks.

11-30-2005, 03:42 PM	#1
Cosmosis new member Join Date: Nov 2005 Posts: 14	EASIEST to use online trading company for beginners ?? Hey all, new guy here. I'm just getting into all of this and i'm trying to find an online trading company that is very easy and simple to use for someone who has absolutely NO knowledge of buying and selling Stock shares. All i'm interested in is buying shares and being able to sell them at any time i choose online, something that's quick and simple. Any help would be well appreciated.

12-01-2005, 05:01 PM	#8
deepinwonder forum leader Join Date: Jul 2005 Location: nc Posts: 1,183	re: Pump the brokerage without explaining what the drawbacks are, real helpful... I even asked you to spell it out, but you deliberately ignored my questions. Why?

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11-30-2005, 03:49 PM	#2
Luc1Grunt forum leader Join Date: Sep 2005 Posts: 2,146	SCottrade. If you have a branch office close by, even better. They can help website details and provide you some basic knowledge. $7 a pop and gainskeeper makes transactions easy to access. Had E-trade, like Scottrade.

11-30-2005, 06:15 PM	#3
BrianB valued contributor Join Date: Aug 2005 Posts: 109	if you are new here, take a look at the other posts before creating a new one. there are posts similar to yours on page 1.

11-30-2005, 06:26 PM	#4
deepinwonder forum leader Join Date: Jul 2005 Location: nc Posts: 1,183	Doesn't Scottrade limit after hours access (A/H trading closes at 8pm est, not 6pm) and hold your money up for days, so you can't make another trade, right away? If so, I think it bears mentioning, when recommending to others. I do not have those limitations with mine.

12-01-2005, 08:31 AM	#6
Luc1Grunt forum leader Join Date: Sep 2005 Posts: 2,146	The 500 is to open the account and is still your money. You can deposit it and use it as soon as it's settled...Mine took 2 days. If you enroll on-line, someone will contact you from the local branch. In the past (may now be changed), you have to either mail the check or hand carry it to a branch. They do not let you comletely enroll on line (yet). You may want to find a friend who has Scottrade and have them refer you. That way, you get 3 free trades and they get 3 as well. If you enroll on your own, you DO NOT get free trades. They had some hacker scares with E-transfers from a bank account for your future deposits, but it was a precautionary "scare" only and no damage was done. Pretty typical with any online transaction/e-transfers. Hope that helps, and good luck in your investments.

12-01-2005, 05:15 PM	#9
Luc1Grunt forum leader Join Date: Sep 2005 Posts: 2,146	Deep.....me? Not pumping anything. I have no drawbacks from my experience as compared to E-trade. It is cheaper and gives me what I need. This thread is recommendation. ? Drawback, explaining drawbacks.

12-02-2005, 03:15 AM	#10
deepinwonder forum leader Join Date: Jul 2005 Location: nc Posts: 1,183	Drawbacks... like being blocked from pre-market trading, blocked from bidding in after hours on anything but Nasdaq and only up until six o'clock, and blocked from using your money immediately after selling for another buy. I asked those questions, which were ignored, while only the positive side was presented. That's why I used the word "pumping." I had to take the time to look them up myself and I was correct, I've seen those complaints from Scottraders before. These are all serious limitations that could cost an investor money and opportunity that a cheap seven dollar trade might not compensate for. Other than that, people love it, from what I've read, but I wouldn't put my money in there. I have it much better than you do and access to everything. My trades will be seven dollars soon, too. But right now, I do not recommend my brokerage, because that remains to be seen. Hopefully, in two weeks.