What can i use to buy stocks?

Question

What is the best website to use to buy stocks. Right now im using tradeking.com but it takes sooo long to deposite money but the trades are only $4.95. I want to use bank of america but the trades are $10 each. What else is there thats fast and cheap?

Answer 1

One of the best websites for exploring the world of online trading is:

Money-and-investing.com

Here you will find all kinds of general info, AND you'll find a rating of the various online trading companies.  Check it out ... find the link on their main screen under "Online Investing Basics".

Good luck!

Uppity Wench

PS I used TD Ameritrade, but switch last year to Fidelity ... better research.

Answer 2

Zecco.

Answer 3

I used to use Scottrade and switched to Firstrade because Scottrade did not offer DRIPs (dividend reinvestment).  At $6.95/trade, Firstrade is a bit more expensive than TradeKing, but I think they are still worth checking out.  I would not recommend Zecco.  They have poor customer service and an unfriendly website.

Answer 4

depends. if you have $2500 in funds or greater, you might want to try zecco.com . With that much, you're given 10 free trades a month and it's about $4 or $5 after that. Also depends on your trading habits. Are you looking to cash in quick gains etc.. are you going to long your positions?? Scottrade has a great format and it's only $7/ trade. Those would be my top 2. Deposits for any of those will always take a few days, especially when you first setup an account as it takes time to verify your identity and establish a connection with your bank account. Etrade and some of the others get a bit crazy with $12/ trade or higher. there are better values in my top 2. happy hunting.

Answer 5

All major brokerage firms provide their clients with on-line services, including trading platforms, latest market & financial news and research.

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.

It seems that the most popular firms for on-line investing all of which provide excellent platforms and services are; Scottrade; Chas.Schwab; TDAmeritrade; Fidelity; E-Trade and Thinkorswim

Fast and cheap is not always the best,  I can understand you considering changing brokerage firms, and if you determine that you should, consider going with a regular broker/dealers and not a bank owned subsidiary brokerage firm.

You never let commissions be the determing factor in selecting a brokerage firm.  If you are an investor, commission differences are immaterial in the long term, if you are a trader, the are other more important factors than the commission schedule.