untul wobbin

Will it be ok to start a post in the stocks area about our experiences with brokers? This is something all investors need to know, especially the newbies (me). My broker only charges me $7 a trade but the way they won't let me trade for days after they receive my funds has cost me nearly 30 times that so far, & they bury this policy in the legaleze so by the time you run into it, you're just screwed. On top of that, they keep new deposits for 2 months unless you can prove your bank has sent them the funds & even then they still put a 30 day hold on new deposits

I feel this will help to improve information about undesireable broker practices & it may save some folks from some extremely stressfull & costly situations

keithsan

complain, you want to complain, here


let-em have it.

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Lets make some BANK!!!

mbarbee1

Tell me which broker you are using. I'm getting ready to choose one myself and would appreciate some input.

Thanks
Mike http://www.thepennystockblog.com/bul...lies/smile.gif

keithsan

i've had a few and still have a couple. they all have there issues but i'd take the little more expensive ameritrade, if you trade enough you get some nice free live charts in their strategu desk, level 2's etc.., saves some money from buying other services.

I havent played with the screeners as much as i'd have liked I've messed with them a bit but more for higher end and nothing i like yet.

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Lets make some BANK!!!

StockTrader6080

If you are trading 200 shares or less, Interactive Brokers is a world-wide broker and only charges $1 a trade. 10 trades = $10, as opposed to a $7 a trade broker, who will charge you $70 for 10 trades.

That difference in trading fees makes a big difference in how much the stock price has to move for you to pay the broker and make a profit. At $1 a trade, the stock price only has to increase 0.02 for you to break even, as opposed to requiring a 0.14 move if you are paying $7 a trade.

OptionsHouse (which trades stocks and options) charges a flat fee of $2.95 a trade for unlimited shares.

Keith

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Goodbye mutual funds Hello CoolTrade Robotic Traders

Nicole

That other broker looks good, but it also looks complicated. I use Scottrade and it is very easy, it also has a knowledge center which explains everything. You can check charts of prospective companies and it will tell you about all the technical information and whether the chart is registering a bullish or bearish signal based on whatever indicator you select. Its very straight forward and being somewhat new in trading stocks, I like it and am very comfortable with it. If I was a person who traded more frequently the $1/trade would look very appealing. To anyone that is really new and unfamiliar with stocks, I just wanted to suggest Scottrade.