What would be the best bank account to open for online trading?
I want to open an account with a bank just for online trading separate to my own personal account. What would be the best account for online trading?
Thank you
nic
Public Comments
1. banks rape you.......
ameritrade, etrade, fidelity, just not a bank, they screw you.......
2. If you are going to trade, what do you need a bank account?
Most traders keep their investing capital with the brokerage firms where they have open accounts.
It much easier, quicker, and cheaper. Brokerage firms usually pay a higher rate of interest that banks.
From an accounting view, keeping your money with the brokerage firm isolates your investing/trading capital easier. All investing assets are in the same account and will be shown on one statement
3. Paypal is best.