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Posted: 7/25/2013 10:01:19 PM EST
Been wanting to invest outside my 401k and bank sponsored IRA for awhile. I am having trouble deciding which online broker to choose. What do I need to watch out for in regards to fees and which company would be the most beginner friendly? Any input would be helpful and FBHO.
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Posted: 7/25/2013 10:03:47 PM EST
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I'd drive all night just to get back home
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Posted: 7/25/2013 10:15:02 PM EST
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Originally Posted By Barrelburner:
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NRA member.
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Posted: 7/25/2013 11:03:59 PM EST
[Last Edit: 7/25/2013 11:16:00 PM EST by Zero_Dark_Early_33]
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Originally Posted By Barrelburner:
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How do you fund a scotttrade account? You have to go to a branch office or wire transfer? I don't see an option to use a bank card, and how do you withdraw money if needed? Unless I'm missing something thats seems to be a drawback?
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Posted: 7/25/2013 11:14:47 PM EST
[Last Edit: 7/25/2013 11:17:44 PM EST by Tunabomber]
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Originally Posted By Barrelburner:
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In regards to funding, I set up links to a couple of my bank accounts. You can also set up a Scottrade bank account and use that to transfer to and from your brokerage account.
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Posted: 7/26/2013 2:26:35 AM EST
[Last Edit: 7/26/2013 2:28:34 AM EST by ColonelHurtz]
Scottrade is great. Good interface and research tools.
Very simple to execute trades and track your account.
Offices everywhere in my AO and I've found the customer service to be excellent.

They are moving into providing more traditional "bank" type services like credit cards and debit cards linked to your account but right now you can open a checking account linked to your account.

If you decide to go with them, IM me.
I have a referral code for you that makes your first three trades free.
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Posted: 7/26/2013 2:31:57 AM EST
I've been happy with Fidelity.
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Posted: 7/26/2013 2:35:13 AM EST
I have been very happy with scottrade myself.

To fund it, you simply link it to a bank account. The minimum funding to open an account is $500.
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Posted: 7/26/2013 2:38:38 AM EST
Take a look at ditto trade,

I use Etrade , it's good for the pennies

Scott's trace is also good has a lot of useful tools.
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Posted: 7/26/2013 3:02:20 AM EST
I've been using SogoTrade for over 5 years and am satisfied with it. I don't think you can go wrong with any of those mentioned here.
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Posted: 7/26/2013 3:06:34 AM EST
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Posted: 7/26/2013 12:44:53 PM EST
[Last Edit: 7/26/2013 12:47:04 PM EST by Zero_Dark_Early_33]
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Originally Posted By ColonelHurtz:
Scottrade is great. Good interface and research tools.
Very simple to execute trades and track your account.
Offices everywhere in my AO and I've found the customer service to be excellent.

They are moving into providing more traditional "bank" type services like credit cards and debit cards linked to your account but right now you can open a checking account linked to your account.

If you decide to go with them, IM me.
I have a referral code for you that makes your first three trades free.
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Thanks and will do I am leaning toward ST. If I do go with ST will definetly IM you for your ref code.
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Posted: 7/26/2013 12:45:52 PM EST
Has anyone tried TD ameritrade?
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Posted: 7/26/2013 12:46:37 PM EST
I use Etrade because I like the baby commericals.
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Posted: 7/26/2013 12:49:12 PM EST
[Last Edit: 7/26/2013 12:59:15 PM EST by ma96782]
I use Scottrade and recommend it to family and friends.

Not to mention, that the staff at the local office are friendly and easy to talk to.

Aloha, Mark

PS.........How to start an account?

I believe you could do it all on line. But for me........I signed up on line. Then, I took my personal check down to the local office (I wanted to see it for myself). A couple of days later I was trading stocks.

Adding funds can be done on line or by visiting the Scottrade Office. By the next trading day, my money is available to trade with (margin account).

Getting money out is as simple as writing myself a check or using a debit card.

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Posted: 7/26/2013 12:52:31 PM EST
[Last Edit: 7/26/2013 12:52:39 PM EST by graysonp]
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Posted: 7/26/2013 12:59:47 PM EST
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Originally Posted By Zero_Dark_Early_33:
Has anyone tried TD ameritrade?
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Yes. I like it.
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Posted: 7/26/2013 1:27:01 PM EST
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Originally Posted By absael:
Yes. I like it.
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Originally Posted By absael:
Originally Posted By Zero_Dark_Early_33:
Has anyone tried TD ameritrade?
Yes. I like it.


Same, bells, whistles, plenty of flashy lights, perfect for me.



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Posted: 7/26/2013 1:37:21 PM EST
Scottrade. A local office has been instrumental in helping me get started, they had all the answers to my numerous questions
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