Allstocks.com's Bulletin Board: what broker do you use? i want to switch

my profile login | register | search | faq | forum home

»	Allstocks.com's Bulletin Board » General Investing Topics » what broker do you use? i want to switch

UBBFriend: Email this page to someone!

Author

Topic: what broker do you use? i want to switch

narbeh
Member

Rate Member

posted

i'm currently with Etrade. anybody have any other suggestions? $12.99 flat rate for all stock trades is OK, but I want cheaper and a smooth transition to another broker. any suggestions? what do you all use

--------------------
double commas and climbing

Posts: 285 | Registered: Jan 2006 | IP: Logged |

Dustoff 1
Member

Rate Member

posted

Ameritrade! the BMW of trading...

The cheap outfits are like driving a used Hugo..

Posts: 10729 | From: oregon | Registered: Feb 2005 | IP: Logged |

DWS
Member

Rate Member

posted

Ameritrade.... No complaints here... quick in and out for fund transfers 2...

--------------------
Its all good.

Posts: 85 | From: VA | Registered: Jan 2006 | IP: Logged |

schantz34
Member

Rate Member

posted

scottrade is 7 bucks

Posts: 57 | From: Boston | Registered: Feb 2006 | IP: Logged |

Phoenix
Member

posted

quote:
Originally posted by narbeh:
i'm currently with Etrade. anybody have any other suggestions? $12.99 flat rate for all stock trades is OK, but I want cheaper and a smooth transition to another broker. any suggestions? what do you all use

I have Scottrade, but they are terrible for pinks/pennies: $7+ 1/2% commission.

Choicetrade is only $5.

Ameritrade is another good choice -- you can get Level 2 for around $10 a month I think, or for free if you trade enough.

Posts: 287 | Registered: Jul 2005 | IP: Logged |

narbeh
Member

Rate Member

posted

well I also need it to be somewhere that I can transfer my portfolio with ease (if thats even possible).

--------------------
double commas and climbing

Posts: 285 | Registered: Jan 2006 | IP: Logged |

narbeh
Member

Rate Member

posted

OK so Ameritrade and Choicetrade. Any others I should consider? My primary concerns are to

A) transfer my account from Etrade with ease
B) be able to use ACH and easily transfer money into and out of my account
C) have immediate fund availabilty (since ACH takes 3 business days to clear just like a check, Etrade gives you the benefit of a doubt and lets you use the amount your transferring in even though it may get rejected)
D) CHEAP STOCK TRADES!!! MARKET, LIMIT, STOP LIMIT, etc. I don't need any options contracts or mutual funds and such

--------------------
double commas and climbing

Posts: 285 | Registered: Jan 2006 | IP: Logged |

bdgee
Member

posted

Choicetrade and Lowtrade

Get both; requires no funds to open either; both have $5 trades; choicetrade lets you set stops on OTCs, Pinks, and under a dollar stocks...even sub-pennies; Lowtrades gives free realtime data and a streaming desktop free if you have $500 equity and is both better and cheaper for L2s (free with 25 trades a month); Lowtrades provides both Premarket and after market trading and the phone service when you need it is much much better with lowtrades...

The combination is excellent. If you don't want these two, do get two brokers...it's a safety factor at times...

Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005 | IP: Logged |

Machiavelli
Member

Rate Member

posted

Choicetrade as stated above.. all things being equal the stop/losses you can put on penny stocks is worth it more then anything else...

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

Posts: 4669 | Registered: Mar 2004 | IP: Logged |

narbeh
Member

Rate Member

posted

well I like to keep all my things in one place (just a personal preference). but why 2 brokers?

--------------------
double commas and climbing

Posts: 285 | Registered: Jan 2006 | IP: Logged |

T e x
Member

posted

quote:
Originally posted by narbeh:
well I like to keep all my things in one place (just a personal preference). but why 2 brokers?

to trade different types of issues...

take advantage of one strength over another

to be more in control...

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005 | IP: Logged |

Printer-friendly view of this topic