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/biz/ - Business & Finance

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773363 No.773363 [Reply] [Original]

Best Brokerage?

>> No.774539
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774539

>>773363
No

>> No.774547

>>774539
>what is a broker
>what is a spread

>> No.774550

>>774539

Didnt they have a ton of hidden bullshit fees?

>> No.774560
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774560

>>773363

Here's a comparison website.

https://www.nerdwallet.com/investing/best-online-broker

>>774539

I want to believe, but it seems too good to be true.

>> No.774882

Here's something to read before trusting your broker:

http://blog.themistrading.com/wp-content/uploads/2015/03/What-Every-Retail-Investor-Needs-to-Know.pdf

I'm pretty sure, those "no fees" brokers fuck you even more.


Here is JP Morgan admitting it officially (forex market):
https://www.jpmorgan.com/pages/disclosures/fx_notice


Here's another broker comparison by Nasdaq:
http://www.nasdaq.com/investing/online-brokers/

>> No.774988

>>774550
only fee i've seen is a $0.02 round trip fee. thats not charged by them.

>> No.774989

>>774539
has anybody taken money out of their robinhood app yet? so far it seems legit. i'm afraid i'm gonna get charged some unmentioned withdrawal fee.

some of the cons i've seen
>slow execution times
this can be solved by placing limits on your orders
>slow price updates
this can be solved by using something like yahoo finance to check the up to date prices