What's The Best Online Stock Broker For A Teen?

Question

Hello, I've been wanting to start trading stocks for a while now. I'm 15. Which (online) broker should I use? I'm probably going to put like $200 in to start. Thanks

Answer 1

I'm afraid until you're 18 you need your parents consent to let you trade stocks, though I'm pretty sure you won't have any difficulty.

There are many online brokers to use & depends on what investment strategy you're using. Active trading or investing in the long haul.

For $200 minimum, if you're just trading stocks through buying low & selling high then TD Ameritrade would be best.

If you're just investing & saving for the long term then sharebuilder would be recommended.

The other sites like e-trade are good except when you have a disadvantage w/ low funds. You should look over such sites that will give you the most benefit. If you want to know more about more about stocks, don't hesitate to contact me.