It seems like online brokers are showing up at an alarming rate. One would think that the amount of investors is exploding at an alarming rate because there seems to be ad after ad touting the quality of their online financial advice. I want to give you what I believe are the top three brokers. Keep in mind that these are only my opinions. You can find other sites with an entirely different list.
Zecco offers 10 free trades for anybody who holds a balance of at least $25,000. On top of that, they offer $4.50 for each stock trade. This is one of the lowest rates you will find. If you are somebody who makes a lot of trades, you know that finding the lowest rate will save you a lot of money at the end of the year. Zecco is one of the fastest growing brokers on the market and has received some of the highest rankings and positive reviews of all of the brokers. Click here to learn more.
Scottrade offers $7 trades and exemplary customer service. One of the biggest advantages to Scottrade is the local branch offices that can be found all over America. If you have a question, even if you think it’s ridiculous, go to the branch office and they are happy to help you. Their online financial advice website is one of the best I have found. While their trades are a little more expensive, it may be worth it if you need more personalized advice.
Finally, Tradeking offers trades that cost $4.95 which is among the lowest of all of the brokers. The TradeKing Web-based platform features powerful online equity, options and fixed-income trading tools including real-time portfolio information, advanced order entry, customized charting and alerts, free research and integrated news, stock, option and mutual fund screeners, volatility charts, a pricing probability calculator, enhanced option chains and interactive educational information.
TradeKing also features innovative community networking capabilities to help connect like-minded traders for enhanced strategy development and information sharing. While not the most popular, when looking for your source of online financial advice, don’t forget Tradeking. Click here to lean more about Tradeking