Online Stock Site To Trade Stocks?
Wednesday, July 8th, 2009 at
12:01 am
Which online site can you buy/sell stocks without a large initial deposit? Also one without tons of fees?
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Filed under: How To
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Sharebuilder
Basic:
$4 per investment $9.95 per real time trade
Standard:
6 free investments per month $2 each additional
$9.95 per real time trade
$12 per month fee
Advantage:
20 free investments per month$1 each additional
$9.95 per real time trade
$20 per month fee
I use them because they are very cheap and if you are a long term buy and hold investor in my opinion they are the best.
It is very simple you just set up an account on-line and fund it using your bank account. You then pick which stocks you would like to purchase and how much of each. They will automatically pull the money from your bank once a month and then buy the stocks that you have chosen. You can skip a month or stop any time by logging on and stopping the automatic funding. You can also do lump sum funding and then buy individual stocks real time.
The down side that I see is if I see a certain movement in a stock and want to buy right now or sell right now I have to do a real time trade. I also have to have the money just sitting in my account to do a real time trade.
Most of the on-line brokers charge minimal fees (say $7 – $15 per trade). However, you will pretty much be limited to buying up to your initial deposit unless you establish a margin account, which will add extra fees to your transactions. Be careful, however, if you are not an active trader, some of the brokers will charge an account fee that can be excessive – for example, ETrade charges $40/quarter unless you buy or sell during that quarter (then the fee is zero).
try http://www.scottrade.com or http://www.etrade.com
Go into Yahoo finance and find other links to discount brokers.
All trade online, but for an extra fee you can trade by telephone.
Check the web sites for details about fees and commissions.
The above will definitely charge a lot less than the ‘full-service’ ‘full price’ brokers who provide worthless advice.
ALMOST ANY OF THEM…ETRADE.AMERITRADE.
SCOTTRADE.
SCHWAB..ETC. DEPENDS ON COUNTRY…TOO.
Open an account with sogotrade, get alot of free trades.
here is referal code
453934
enjoy!
what country you in?
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