Best online brokerage for small tmie investor?

Question

i want to invest 100$ to start off and when i make money, just put it back in and hopefully build up to something more one day, but i only have 100, which brokerage should i choose?

Answer 1

You can't really do much investing with $100.  It is not worthwhile for companies to go through all kinds of paper work for a $100 account.  And not to mention the commission fee and sometime maintenance fee will eat up all your potential profit plus some more.

I would suggest that you put it in some high yield saving account and work really hard to get the saving up to $500.  Then you can open a brokerage account at Scottrade, http://www.scottrade.com

Best wishes.