Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Anonymous
Anonymous asked in Business & FinanceInvesting · 1 decade ago

What online stock trading company should I use scottrade etc...?

I am in school with a part time job and I am wanting to get into buying stocks. I am not sure if I should go with a broker or online.

10 Answers

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer
  • Anonymous
    4 years ago

    1

    Source(s): Auto Binary Signals http://netint.info/AdvancedTradingTechnology
  • 1 decade ago

    I use them and would recommend them for the level of investing that I do. But I'm new to it. If you can get a word of mouth recommendation to a local broker, I would stick to that but Scottrade is good to me. You have to have $500 to start and can add money to your account regularly or in lump sums. Keep in mind: It's $7 for MOST trades no matter how many stocks you buy or sell so if you buy a couple of stocks at $10/share, it will take you a long time to make enough from those stocks to account for the $7 to purchase AND the $7 to sell. So make your purchases count. Don't get caught up in buying and selling often.

    I'm also impressed that I get emails and proxy information about my companies.

  • 5 years ago

    I use Scottrade and it has been wonderful. The customer service has been excellent, and the website is easy to use. They offer stock reports from Standard & Poors, which helps beginners a lot. Its also just 7 bucks a trade with no extra fees.

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    I like Scottrade myself. Zecco is cheaper, but you pay more fees if you are going to be trading on the margins. Also, if you are new to this you can find some free online sites that allow you to set up a fake profile and trade stocks in pretend land to get used to how it works and learn what you are doing without having any money out there to lose. Good luck!

  • Anonymous
    7 years ago

    So..

    I've been trading the market for just a few months. My cousin actually told me about this website ( http://pennystocks.toptips.org/ ) and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.

    For more info: http://pennystocks.toptips.org/

    Good Bye

  • 7 years ago

    Scottrade is awesome. If you want a few free trades use referral code EVXB3796. I recommend it!

  • 1 decade ago

    From what I've heard about the company you said, it sounds inexpensive and simple. I probably wouldn't trust a broker but thats just me. I've known so many who have the sad story of their "broker or bookeeper" screwing them.

  • Joe P
    Lv 6
    1 decade ago

    I have heard some horror stories about several of them. Fidelity is top notch and has reasonable commissions and you don't have to fight with them to get your dividends like some of the others.

  • 1 decade ago

    charles Schwab

    Ask Chuck

Still have questions? Get your answers by asking now.