Best online brokers

clavocat · 03-22-2006, 11:54 PM

I did search, and i found some stuff, but i own Scottrade now, and the 7$ commisions kill profits, im investing with smaller amounts but I will be very active. I heard Interactive Brokers is good with low commission...any other suggestions, also how does everyone like IB?
Thanks
Chris

one more thing, what does it mean when you guys say its more of a software program, or something like that...you guys said it is different than say scottrade, etrade and ameritrade???

mlegha1 · 03-23-2006, 12:14 AM

www.tradeking.com
has no min balance and commission is $4.95 for the shares above $2.00
IB is good but the min balance is atleast $2000 commission wise it is one of the cheapest out there.

clavocat · 03-23-2006, 12:28 AM

Quote:

Originally Posted by mlegha1

www.tradeking.com
has no min balance and commission is $4.95 for the shares above $2.00
IB is good but the min balance is atleast $2000 commission wise it is one of the cheapest out there.

so all i need is 2000 in there and im good to go? is there any catch that i will see problems with...it seems too good to be true (cheapness wise) thanks for the help

Bman409 · 03-23-2006, 12:56 AM

Quote:

Originally Posted by clavocat

so all i need is 2000 in there and im good to go? is there any catch that i will see problems with...it seems too good to be true (cheapness wise) thanks for the help

There's no "catch" that I know of at IB..

$2000 to start, and you're in.. I've used it for years and I swear by it

there is a $10 minimum monthly "fee" that is waved if you do $10/month (or more) in commissions.

Bman409 · 03-23-2006, 12:57 AM

Quote:

Originally Posted by Bman409

There's no "catch" that I know of at IB..

$2000 to start, and you're in.. I've used it for years and I swear by it

there is a $10 minimum monthly "fee" that is waved if you do $10/month (or more) in commissions.

and what's even better.. it is almost NEVER "down" (ie, inaccessible)

I can think of only 1 or 2 times in the past 2 years and even then, it was for like an hour

clavocat · 03-23-2006, 01:06 AM

Quote:

Originally Posted by Bman409

and what's even better.. it is almost NEVER "down" (ie, inaccessible)

I can think of only 1 or 2 times in the past 2 years and even then, it was for like an hour

thanks, actually ur the one who told me about it, i looked at it and it looks good, beats 7 dollar trades...how do you like the software? and how does it differ from other brokers (ie. scottrade, etrade, ameritrade, etc) like does it have streaming quotes, easy buy/sell, all ur limit orders, good research and charts. thanks again.

roehrigs01 · 03-23-2006, 01:29 AM

I use IB...only $2k to play...actually you can play with less... open an account and x-fer in $500..they will let you play with it that is how I started... use to use Buy&hold..they are a bunch of clowns...pick from about 4K stock at all market buy & sells in 3 1-hours daily windows...

at IB, commisions are cheap, but the accounting is crap pretty much...

and it usually is down at night... like right now...lol

and they will make sure you are not on the edge of a "day trader" violation if you are under $25K....

Bman409 · 03-23-2006, 02:12 AM

Quote:

Originally Posted by clavocat

thanks, actually ur the one who told me about it, i looked at it and it looks good, beats 7 dollar trades...how do you like the software? and how does it differ from other brokers (ie. scottrade, etrade, ameritrade, etc) like does it have streaming quotes, easy buy/sell, all ur limit orders, good research and charts. thanks again.

I have no problems with the software.. streaming data is excellent.. buys and sells are wonderful.. you have a whole host of different kinds of orders you can place (limit, stop limit, market, market on close, etc, etc).

Research stinks.

I don't use the site for any research at all, nor do I use it for charts..

I use a simple subscription to QUOTE.COM for my live intraday charts.

tekbubble · 03-23-2006, 06:46 AM

FolioFn.

There are several plans. I pay $300 a year for 400 free window trades a month, 3.95 limit, market, etc orders. Windows are at 11am and 2pm. Whatever orders you place are executed at the window. Stocks are organized in Folios, which can be atomatically balanced to whatever percentage you set. And they have ready-to-go folios.

rgrbic · 03-23-2006, 10:16 AM

What about Fidelity? Anybody out there trading through them? I thought that with my IRA and rollover IRA, why not trade through them as well?

Thanks...

03-22-2006, 11:54 PM	#1
clavocat valued contributor weekly challenge winner 2x Join Date: Mar 2006 Location: buffalo Posts: 991	Best online brokers I did search, and i found some stuff, but i own Scottrade now, and the 7$ commisions kill profits, im investing with smaller amounts but I will be very active. I heard Interactive Brokers is good with low commission...any other suggestions, also how does everyone like IB? Thanks Chris one more thing, what does it mean when you guys say its more of a software program, or something like that...you guys said it is different than say scottrade, etrade and ameritrade???

03-23-2006, 01:29 AM	#7
roehrigs01 valued contributor Join Date: Feb 2006 Location: Oahu, Hawaii Posts: 294	I use IB...only $2k to play...actually you can play with less... open an account and x-fer in $500..they will let you play with it that is how I started... use to use Buy&hold..they are a bunch of clowns...pick from about 4K stock at all market buy & sells in 3 1-hours daily windows... at IB, commisions are cheap, but the accounting is crap pretty much... and it usually is down at night... like right now...lol and they will make sure you are not on the edge of a "day trader" violation if you are under $25K.... __________________ I don't care which way the market is headed, just as long as I am on the money train... E-Mini Index Futures Trading Blog http://roehrigs01.blogspot.com/[/size]

03-23-2006, 10:16 AM	#10
rgrbic valued contributor Join Date: Feb 2006 Location: Shelby Twp, MI Posts: 29	Fidelity? What about Fidelity? Anybody out there trading through them? I thought that with my IRA and rollover IRA, why not trade through them as well? Thanks...

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03-23-2006, 12:14 AM	#2
mlegha1 valued contributor oct/08 simulation winner feb/08 simulation winner weekly challenge winner 9x Join Date: Jan 2006 Posts: 725	www.tradeking.com has no min balance and commission is $4.95 for the shares above $2.00 IB is good but the min balance is atleast $2000 commission wise it is one of the cheapest out there.

03-23-2006, 06:46 AM	#9
tekbubble valued contributor Join Date: Nov 2005 Posts: 324	FolioFn. There are several plans. I pay $300 a year for 400 free window trades a month, 3.95 limit, market, etc orders. Windows are at 11am and 2pm. Whatever orders you place are executed at the window. Stocks are organized in Folios, which can be atomatically balanced to whatever percentage you set. And they have ready-to-go folios.