Few questions about investment?

Question

Hi, I'm starting to invest some of my funds into a brokerage and I was wondering which one you would recommend; Charles Schwab or Etrade, because I've been told these 2 were one of the best firms. What is the official website for Etrade? If any experienced investors would like to give me some advices, I would be more than appreciated. Thanks.

Answer 1

Here's a survey made by Barrons on online brokers that might help answer your questions. http://homeruntrades.blogspot.com/2008/0...

Hope this helps!

Jim http://jsforex.blogspot.com

Answer 2

I use Schwab.  Schwab charges a fair commission and executes your trades as quickly as possible.

Both ETrade and Scottrade charge lower commissions but accept "payment for order flow" to send your order to off-exchange dealers (so-called dealing centers) rather than to exchanges.  I think this is a conflict of interest as well a a possible delay in execution.  How much does this hurt the customer?  Difficult to measure.  I avoid the whole thing by dealing with Schwab.

Answer 3

scotttarade

Answer 4

Charles Schwab has been around alot longer thatn E-Trade but both firms enjoy well earned reputations.

Like all major brokerage firms, they have their own websites and provide both on-line and in-house services for their clients

Customer need to select the site that is best for them.  Traders have requirements in a site, while investors have other requirements.  

Although most sites are geared to general securities and commodities, however customers may have special needs for the types of products they trade, and the markets in which they trade.

If you're new to investing, it would be in your best interest to use Charles Schwab