What site to use when investing and buying shares online?

Question

Which websites can i use to trade and buy small amount of shares and invest in companies and all that that stuff for cheap. Can i please get the name of the sites and the pricing please. and are they any good?? thank you!

Answer 1

One of the best sites on the web right now is Sharebuilder.com You can make dollar cost average purchases for $4.00 a trade and there are literally thousands of stocks, ETF's and Index funds to choose from. You can set-up a regular account, IRA, or maybe a child's savings account for college. It's a great deal.

Answer 2

The on-line broker you choose will depend on your experiance level and needs.  The least expensive brookers are the ones for the more experianced traders.

For example;

Interactive brokers......... it costs me $1.00 to buy 200 shares.

                                                      $5.00 to buy 1000 shares.

ThinkOrSwim:                it costs me $5.00 to buy 200 shares.

                                    it costs me $9.95 to buy 1000 shares.

I use both. I love the ThinkOrSwim platform, esp the charts.

Both have many "order types", Interactive Brokers platform is hard to learn.

I use IB for mostly large share day trading. TOS is for everything else (80% of my trades).

These brokers will be great for you in a few years...... after you've got the basics down..... to start... I'd suggest;

Charles Schwab Or Fidelity Investments, they're more costly... but significantly more geared to the new trader.

Answer 3

Another good one not mentioned is TD Ameritrade.  They offer excellent trading tools, great customer service (24/7), and very low cost, 9.99 per trade flat rate.