Looking for a good cheap place to invest online.

Question

Just looking to play around and do some stock investing. I'm talking 50 dollars here, 50 dollars there. Mostly for fun.

Answer 1

I use Scottrade.com it is only $7.00 a trade.

Answer 2

If you are looking to only invest small amounts of money, you will need a brokerage account that does not have account minimums.  That would eliminate Scottrade because they require a minimum of $500.

I currently use Firstrade ( http://www.firstrade.com/ ) and they do not require any account minimums.  They are a cheap place to invest.  Their commission rates are lower than big name brokers such as Scottrade, Etrade, Ameritrade, and Scottrade.  I've been using them for quite awhile now and I would definitely recommend that you check them out.

I would not recommend using Zecco because they do not even offer their free trades deal until you deposit at lest $2,500.  In addition, Zecco has been rated for having the worst research and customer service in the industry.  Remember, you get what you pay for.

Answer 3

I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Good luck and happy investing!

http://friends.zecco.com/r/a7a2877caab81...