Buy Stocks Online With No Fees?
Wednesday, July 8th, 2009 at
4:59 am
Is that possible?
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Some of the online brokerages will offer a limited number of commission-free trades as an inducement to open an account.
And there are many low-commission sites around.
Motley Fool website compare four of the bigger online brokers (Ameritrade, Scott, Sharebuilder, and Etrade) at this page:http://www.fool.com/investing/brokers/co…
Fidelity Investments and Charles Schwab are two other large online brokers.
In general, the larger your account, the more availability of commission discounts there is.
Bear in mind, these are not charities, and they have to make their money somehow. In some cases, you may not be getting the best price on the trade. Every trade has a “spread” between the price you pay to buy and the price you get when you sell, and the market makers and sometimes the brokers make a nice living off that, too.
Not in the United States.
Broker/dealers are in the business to make money, not to give away their time, services, and facilities for nothing.
If they B/Ds did not charge for what they do, why should they do it.
Someone has to pay the fees for the buying/selling and clearing of security transactions.
To be honest I can’t say for sure. A search revealed none. However there are reasons for this. Stockbrokers either on line or full-service require to be online and be members of stock exchanges. This costs money, a lot of money. The way that they recover those costs is to pass it on to you as fees.
There are plenty of cheap online brokers however. Interactive Brokers and ThinkOrSwim are two that I know and there are many more.
you can find a number of brokers that are $5 a trade.
You get what you pay for. A free trade site will make money off how the trades are executed….basically you will pay a higher price for the stock in exchange for low or free trades.
There is no fee lunch.
I want my trades executed IMMEDIATELY. With todays electronic trading.. it takes less than 1 second to execute the trade properly. The free sites take 10 seconds to 1 day.
As a general rule an internet broker who offers simply the service of buying/selling is usually the cheapest and one that gives advice etc a full service broker would charge more. Some brokers may offer a free number of trades to sign with them
sharebuilders.com is what I use….fees are low. no fees, probably none.
Yes.