Please recommend a broker

[HEAVYCHALK]

what broker would you guys recommend for opening up an IRA acct? thanks.

 

[wiesman02]

scottrade

 

[HEAVYCHALK]

yeah i was looking at charles schwab, scottrade and optionsxpress. does any have any experience with any of those brokers?

 

[Illini]

Depends on what you plan to invest in. If you're just going to put it in mutual funds, then Ameritrade, E-Trade, Scottrade......they will all work just fine. If you are going to trade stocks or options......Interactive Brokers is the only broker to go with.

 

[WorldNumberOne]

Depends on what you plan to invest in. If you're just going to put it in mutual funds, then Ameritrade, E-Trade, Scottrade......they will all work just fine. If you are going to trade stocks or options......Interactive Brokers is the only broker to go with.

why IB over Scott ? are they that much cheaper ?

is their trade execution time as quick as others ? i assume it is.

 

[Illini]

why IB over Scott ? are they that much cheaper ?

is their trade execution time as quick as others ? i assume it is.

They are the premier broker, the ones that all the pros use. Their execution time is better than anyone's. And they are dirt cheap. My trades are all $1. It's 1/2 cent per share, $1 minimum. Options are 75 cents a contract, $1 minimum. Scottrade is $7 trades for stocks, and I'm sure options are at least that much. There's no comparison.

 

[WorldNumberOne]

They are the premier broker, the ones that all the pros use. Their execution time is better than anyone's. And they are dirt cheap. My trades are all $1. It's 1/2 cent per share, $1 minimum. Options are 75 cents a contract, $1 minimum. Scottrade is $7 trades for stocks, and I'm sure options are at least that much. There's no comparison.

dont see how their cheaper . if i buy 2000 shares of something it will cost me 11 bucks there . instead of 7 at scott .

anything under 1000 shares would be cheaper .

which is actually the amount i would be looking to buy at the present time.

 

[Illini]

dont see how their cheaper . if i buy 2000 shares of something it will cost me 11 bucks there . instead of 7 at scott .

anything under 1000 shares would be cheaper .

which is actually the amount i would be looking to buy at the present time.

$10, not $11, but I think there might be maximums, maybe $5 per order. Don't know for sure, cause I don't trade at that level. Who the hell trades in 2,000 share increments? Someone that doesn't give a fuck what they're paying in commissions, that's who. ope:

For the majority of traders, it would be dumb to trade with any other broker. Why pay $7 when I can pay $1?

 

[WorldNumberOne]

2000 shares would be :

$ 1 for the trade .

.005 * 2000 = $ 10.00

10 + 1 = 11

not that it matters .. or do i have that wrong ?

not trying to argue over 1 dollar . just want to get the facts.

and you're right . anyone blowing 5 figures on a trade isnt concerned with the fee's .

 

[Illini]

2000 shares would be :

$ 1 for the trade .

.005 * 2000 = $ 10.00

10 + 1 = 11

not that it matters .. or do i have that wrong ?

not trying to argue over 1 dollar . just want to get the facts.

and you're right . anyone blowing 5 figures on a trade isnt concerned with the fee's .

It's a $1 minimum commission per trade, not a $1 extra fee. I think you added $1 like it was a fee, and that's where the misunderstanding is.

 

[PatsFan1283]

Scottrade is fine. $7 a trade........ETrade is good too....TDAmeritrade just won some big award from Barrons for best broker. Definitely a ton of alternatives as far as discount brokers go..

 

[TerryDurrence]

I’m happy to be a Binary options Trader.. I have an account with CTOption and so far.. I haven’t notice any widening in spread or any other suspicious activities regarding to charting. Customer support is also good, always available to answer question when needed. https://ctoption.com/

 

[thekinggambler]

Capitalone investing is nice. 6.95 a trade or you can enroll in there plan for $12 a month and get 12 free trades a month