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Overwhelmed - which on-line brokerage?
*** I think I answered my own question now that I have spent a couple of hours playing with TOS.***
Hi all,
I am finally ready to get back into the market after cashing out in 2008 and am overwhelmed by the number of on-line brokers available.
I intend to be an active trader, not a buy and hold investor. I will NOT be day trading. I have some experience with Merrill Lynch (prior to 1996) and I have not made my own trades since about 2000 (had an e*trade account). I was using a broker through 2008. My former broker has become a stalker of late and I was on the hunt for a new broker, when I came across this forum. I also had several recommendations from friends to just use an on-line broker and to make my own trades.
I have a fidelity.com account (funded but have not made any trades) and am wondering which brokerage offers the best service, research and pricing (if that is 1 brokerage company). I went with fidelity because they allow extended hours trading (not that I would ever trade during extended hours) but it seemed like a good option to have if needed (i.e., to get in on a new IPO before market hours).
I am willing to research in one place and trade in another if there are brokerage sites with great research but not so great execution.
The on-line services that I have found, and would love to read recommendations for/against are:
E*TRADE
eOption
Fidelity
Firstrade
Interactive Brokers
Merrill Edge
Options House
optionsXpress
Schwab
Scottrade
ShareBuilder
SogoTrade
TD Ameritrade
thin****wim
TradeKing
Vanguard
WellsTrade
Zecco
Thanks in advance for any advice!
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I really like TDA and recommend them.
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Good day, I would recommend E-Trade for simplicity, Schawb for tools and interactive brokers for spreads and breadth of financial instruments. Also, read their TOS to get a better understanding of how their system works.
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Thin****wim is pretty good and they are offering a solid platform. You might be able to negotiate your commission as well if you are willing to bring in a certain amount of money.
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