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What is the best online broker for a new investor?? |
Suggestions appreciated, with explanations. I only have $600 saved to play with, so im already limited to what i can do. I am concerned with fees and such. Scottrade requires a minimum of $ 500.00 to open an account. I used Sharebuilder. You can pay a very, very small monthly fee to invest and it' user friendly. www.sharebuilder.com. Look @ Sirius stock, they are about to become XM Radio. Stocks might split?! Things are not fair on the Internet. I recommend Scottrade (scottrade.com). Low fees, low investment minimum, yet a complete and established broker that's been around a while. They have branch offices too in many cities (in case you prefer personal touch or face-to-face). First learn how to trade BEFORE you put your money at risk. you need 5000 at least to set up an account with a brokerage firm. Whatever you do, do not buy Sirius or XM Satellite stock. They are both headed to the toilet. Here's a good broker to use if you don't have much to invest: |
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