Stock Trading and Other Things

Which online stock brokers are the best with the least amount of fees?

Have been watching the stock market well and have been doing my research about certain stocks. Since I am new and have never traded before I do not know which online broker to use. The fees baffle me. When they say $7 a trade is that all I pay for trading nomatter the # of shares? Are there any more fine print fees that I will pay such as maintainance, taxes, etc? Also, which is the best online broker for a beginner that will not pound me with crazy fees. I would like to get my foot in the door but I also do not want to get hurt with an outrageous loss. After I get a feel of the broker and what the average chargers are then I can set my goals higher. Please help me with me question. I would greatly appreciate it!!!

Public Comments

1. I have been using TD Ameritrade for a while now. $9.99 per trade not matter how many shares or whether it is a limit or market order. They are very cheap with options too, the lowest in the industry. They execute trades quickly and are very reliable. They've been around for a very long time and are not going anywhere. I'd sign up with them.

2. I use http://www.sharebuilder.com
They are easy to use, offer investment facts and education, and are cheap. I can check my stocks on line at any time for free.
One-time trades are only $4 each trade. (No matter how many shares in the same company)
Usually the fee is "per trade", not "per transaction". Many sites do not have maintenance fees. You would pay taxes only IF you made money off of the investments. Unless you were HUGELY successful, this would not be much. You DO have to report the money sitting there.
The other fees involve what you do with the money. If you just keep re-investing the money you make in the same trade, no fees. If you withdraw $$, there is a fee.

3. Some companies charge maintainance.
Some companies have limits to the number of shares you can buy.
You must ALWAYS PAY TAXES (Unless you are outside of the United States of America)

Scottrade is a good choice for you.

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4. scott trade is the best at 7.00 a trade. when they state that price, it doesn't matter how many trades you make. its 7.00 to buy and 7.00 to sell. its the cheapest to buy into as for as little as 500.00 you can open up the account where others charge more. myself and alot of my friends that are wealthy use scott trade. if you want margins, puts, or calls, that is a little extra. you get live active trading 24/7 and no brokers to deal with. pick the companies you are interested in and type their name in your search engine to get info on them. pick a few stocks that are cheap under 5.00 or so to play with until you get the hang of it. you can make money out of it. my friends got me into it and i didn't know anything about it and in a few months made a few grand. talk to any of your close friends you know that use scott trade and talk with them about the market. you'll learn alot by watching cnbc about the market. good luck!