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/biz/ - Business & Finance

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22039 No.22039[DELETED]  [Reply] [Original]

Online Brokers General

>Which one is the best?
>Which is the worst in your opinion?
>Which do you recommend for a beginner?
>How much do you recommend to start with?
>Which fees do you need to specifically look at if you aren't a high roller?

If you also have a link to reviews you find worthy, that'd be great. Also, any experience is welcome in this thread.

>> No.22071

>>22039
Vanguard and TIAA-CREF (if you can get in) are the only places you should be buying stocks. Smallest fees, highest diversification. Day trading with no knowledge will bring doom.

>> No.22155

>>22071

Thank you for responding. How much should I start with?

I don't want the whole get rich quick. I have a family and would like to see some profit each year though. (I know some years will not be profitable).

>> No.22166

TD Ameritrade is the best. Low fees, good customer service, they do a good job providing the tax documents on time every year as well. They also bought thinkorswim a few years ago so they have the best research software too.

>> No.22181

>>22155
http://www.marketwatch.com/lazyportfolio/portfolio/yale-u-portfolio

You should always have 6 months emergency funds in your accounts. Vanguard requires a minimum 3000 dollar investment for their low cost index funds. You should never ever sell these funds, they will be with you when you are 65. You must save save save.

>> No.22196

>>22155
>>22181
Currensee might be the way to go, it's professional day traders that will trade for you and take 15% off of whatever they make.

Day trading isn't something to do casually or on "feelings".

Feelings being anything that isn't hard practiced strategies.

>> No.22210

E-Trade for all ausfags out there. Really low brokerage fees

>> No.22225

>>22196
Buying index funds right from vanguard costs like 0.15%-0.20% Expense Ratio

Using brokers is unnescessary unless you are buying individual stocks

>> No.22240

>>22225
They actually trade for you based on their strategies and take a percent.

You basically pick from a bunch of profiles, give them your money, then wait for results.

>> No.22253

>>22240
But no broker can beat the market except for Buffet or institutional investors that also do venture capital. You would be better off buying a cheap Index fund from vanguard and riding the market.

You are way better off learning about asset allocation and efficient markets and just buying right from vanguard or tiaa-cref

>> No.22257

>>22071
what is the fee per trade

>> No.22270

>>22257
https://personal.vanguard.com/us/funds/snapshot?FundId=0970&FundIntExt=INT#tab=3

This one is 0.05%

Most brokers charge 2.2%, which over time will completely drain your gains over time.

>> No.22402

>>22270
Im using a broker platform that charges 7.50 for a stock transaction, 7.50 for buying a stock and same amount for selling, regardless of the number of shares Im operating

>> No.22443

>>22270
the expense ratio and fee per trade are completely different things ya dingus.

>> No.22502

im looking for a stock broker for short to medium term trading, what should I be looking for? any suggestions? I live in europe

>> No.22496

Anyone use BlackRock iShares?

>> No.22535

what about generictrade?

>> No.24037

What about Charles Schwab, are they any good?

>> No.24151

Canadian fags what platform pls?

>> No.26860

Interactive brokers

>> No.26897

I tried to set up an account in TD Ameritrade, just for research so I could paper trade, and got rejected because I'm European and live in Europe (non-UK).
Any help?

>> No.26970
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26970

>tfw $8.99 a trade
>tfw no discount for buying penny stocks and have to actually pay more due to buying thousands of shares at a time

>> No.27077

>>26970
>buying penny stocks

>> No.27558

>>22166
>One of the highest discount brokers online
>Low fees
Do you even wat?

>> No.28714

>>22166
>>22210
Shills pls go. Both of these turds charge nearly $10 per trade. That's about as high as discount brokers typically go. I like Scottrade. $7 and no fees for pretty much anything unless you buy foreign or there's a merger or something.

>> No.28742

>>22071
>Vanguard

They wanted a form filled out every time I sneeze or blinked.

My family has had alot of luck with TD Ameritrade and the ThinkorSwim platform. But you do actually need to know what the fuck you are doing because there is nobody there to tell you're fucking up

>> No.28766

>>28714
>>27558
Check out the thinkorswim platform, its really technical and you can trade anything you want, forex. and options. I wouldn't recommend it if your just buying and selling stock though.

>> No.28867

>>28766
I've seen it, and yes, it's very nice. But saving money on your trades is nicer.

>> No.28972

Anyone here use Optionshouse?

I saw they have low fees and margin rates but I have no idea if they are any good otherwise.

>> No.28993

>>22039
TradeKing $4.99 trades, probably get screwed on penny stocks though.

>> No.29299

Anything for Britfags?

heard stuff about nutmeg but word is they have high fees