Sharebuilder Account?

Question

While looking for something else online, I saw that Sharebuilder has some sort of partnership with Walmart. I've heard not so great things about the latter but does anyone have feedback about opening a Sharebuilder account?

Please spare no details!

Answer 1

Sharebuilder is owned by ING (one of the largest banks in the world). Using them depends on what you're looking to accomplish.  If you're new to investing you might be better off dealing with Charles Schwab (better support, higher cost). You could also consider getting into no-load Mutual Funds or DRIP's, which would cost less.

Answer 2

Sharebuilders, although a registered broker/dealer it is not a full service B/D  

The types of accounts that you have are limited to basically a cash account.

You can invest in only certain equity securities that are in the firm's data base.  Not all listed securities have been included nor has many NASDAQ securities.

If you are looking to be an investor, start off with one of the larger more popular firms that provide full service and have all products available for you.

Look into Schwab;, Fidelity; TDAmeritrade; these would be at the top of the list of many new investors.