I'm in search to change broker and wondering if you guys can list any good broker that you guys can think of?
I'm currently using Scottrade, $7 + 0.5% commissions for buy, and again $7 + 0.5% for selling... So usually totalled with at least $14 bux for round trade. I don't mind about the fees, but the execution time bothers me... Their sliding ticker showed of my executing amt but they wont execute my trade that was set. So scottrade has bad executing timing.
Please list of which broker you prefer? Reference to amount to sell and buy, execution time, research engine, etc...
Thank you
Posted by Thorn on :
Good to know about ST. As for execution times, Ameritrade trades I do have taken about 2-3 seconds tops (I can see the MM move to the price I set in that amount of time after hitting "confirm"). Sometimes there is more of a delay (a few more seconds) when I edit my order, but I suspect it's because I've been idle too long.
According to Double L, lowtrade has slow execution times.
Posted by TTmaster99 on :
I'm wondering abotu margin interest, which has best rate? and what's the min amount to have a margin account? I know scottrade has minimum of $2000...
Posted by SH21 on :
ya but tdirect you can only by max 1 mill shares
Posted by TTmaster99 on :
That's kinda little... 1mil shares, in micro pennies, can easily exceed 1mil shares
Posted by TTmaster99 on :
That FreeTrade.com is little bit weird... First 20 trades are free, then after that, they have some weird rating for the 21st and up trades...
Posted by SH21 on :
wow, max $3 a trade, damn thats good, ill have to look into switching to them after i amke enough
Posted by TTmaster99 on :
But FreeTrade.com, it doesnt have ANY of the ticker or anything... I believe that's what they said, so you have to do your own research elsewhere on the internet... Beside Yahoo (like 30 min delay of market price), I dun think there are any other free market tracker out there that's good...
Posted by TTmaster99 on :
Hmmm, FirsTrade.com seem pretty good... Think FirstTrade.com is good for beginners...
Posted by chadsly on :
Ameritrade has been very good for me. When I have enough money, I think will use both Ameritrade and Freetrade. That way I can use Ameritrades resources (excellent in my opinion) and use Freetrades cheap trades.
Posted by Thorn on :
I thought Freetrade used the same tools as Ameritrade. What tools are you referring to?
Posted by chadsly on :
I think Freetrade has the same researching tools as Ameritrade (since they are both owned by Ameritrade), but they are more expensive on Freetrade.
Posted by glassman on :
Their sliding ticker showed of my executing amt but they wont execute my trade that was set. So scottrade has bad executing timing.
i don't unnerstant...
i see them POST my trades with different PPS on the ticker ALL the time, but MY expenses always tally, and i am using limit orders ALWAYS...
i have had good execution in general compared to other brokers... AON orders often don't go thru quickly, but i have learned to stick with them most of the time,
Posted by Thorn on :
Market orders can be slow. It's better to not use market orders though.
One note about broker fees: watch out for the hidden fees, such as having to pay for L2, software, etc. Often the fees are worth it due to the low commissions, but only if you trade a lot.
For example, I'd much rather have 20 free trades on Freetrade and pay $29 for tools than to pay $10.99 on each of my first 20 trades and get the tools free....
Posted by chadsly on :
Well stated Thorn.
Posted by TTmaster99 on :
Interesting Thorn... I never thought of that...
Posted by Going Short on :
ETrade has free L2's. You can sign up for that for free for 90 days. Once you make 15 trades within a qtr, it is free.
Firstrade.com is good for beginners who do not want to buy more than 5K shares. If you go over that, it will cost you 1/2 cent per share. Not good with pennies, but great for trades below 5k.
Posted by Going Short on :
ETrade charges 29.95 for L2's if you do not make more than 15 trades.
Posted by AmHaYs87 on :
Someone Help me out... I Heard about ZeccoTrading? Anyone know Anything about them... or what Broker do you use? Why?
Posted by Machiavelli on :
wow.. talk about a old thread lol i use Choicetrade.com ... check out their website...