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I'm shopping for an online broker so I can open up a high-risk account that I can play with on the side.
So, anyone actually use an online broker like e-trade, td waterhouse, fidelity, schwaab, etc.? Reviews? Comments? I want a one stop shop for research, fast execution, customer service, and access to a vast array of investment vehicles.
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And let's get some investment/stock talk going around here...We mess around with cars, guns, booze, and tobacco...so why not some investment talk?
I'll be using my online broker to trade in Chinese securities for some high-risk fun...
I find it humorously ironic that a Jew in NYC is asking for financial services recommendations on a car board hosted in Sweden. I understand the post and its rationale, but it's just funny in the context of common stereotypes.
I find it humorously ironic that a Jew in NYC is asking for financial services recommendations on a car board hosted in Sweden. I understand the post and its rationale, but it's just funny in the context of common stereotypes.
JPM and GS have my accounts with my long positions that are my bread and butter - I ignore them until I get my statements - but I want to play on a more daily basis. I figure gentiles and non-New Yorkers probably know more about online trading than a New York Jew...How's that for stereotypical rationale?
Looking into Zecco - I don't like what I'm reading about E-Trade or TD...
Last edited by glowrider; 7th November 2009 at 18:03.
I don't like e-trade, but I do like their commercials with the baby. Funny stuff.
Pretty much no matter what you want to trade I'd point you to www.interactivebrokers.com. I don't know what type of securities you're looking to trade, but they have anything you could want. Their platform is also the best I've seen. Oh, and their fees are as low as they come as well. Basically it has anything you would want, nothing you wouldn't want. No nonsense.
I use E-trade -- not super active, probably a few trades a month. I like their research options, but I don't play around with enough $$ for it to make much of a difference and I don't use a personal adviser and their customer service is fair.
__________________ 2008 Space Gray/Black Full Merino Leather/Alum. trim Loaded - every option (minus heated steering wheel) Interior:Hardwired Valentine One with Concealed Display, Blinder Xtreme M25 (J16) Laser Jammer, Bimmian Interior Xenon Lighting Kit and ///M Racing Pedals Exterior: Hartge Front Spoiler Lip, Hartge Rear Diffuser, Vorsteiner Vented and Domed Hood (Double-Sided CF), Hamann Roof Spoiler, H&R Springs and 15% Tint "Performance": ASR Cold Air Intake, RPI GT Section 3 Muffler, Custom Fabbed Straight-Pipe Section I, Evosport Power Pulley and Hybrid Rear Badge
+1 on Interactive IF you are a semi-pro at day trading and need no supervision. They are very good if you want to trade FOREX and things like that.
However TD is the best if you are just starting out trading on your own. Their back office clearing can.... lets just say, "fix" a mistake if you make it. I don't get the same warm and comfy feeling from Interactive or even Scott trade.
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"Motion does not equal progress"...Cos
Malo periculosam libertatem quam quietum servitium...
+1 on Interactive IF you are a semi-pro at day trading and need no supervision. They are very good if you want to trade FOREX and things like that.
However TD is the best if you are just starting out trading on your own. Their back office clearing can.... lets just say, "fix" a mistake if you make it. I don't get the same warm and comfy feeling from Interactive or even Scott trade.
I don't need mommy on my shoulder - but what do you mean that TD can "fix" a mistake? That doesn't sound kosher...
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TradeKing and OptionsHouse seem to have moved to the top of my list...I'm reading excellent stuff about them - seem to have the best rates for stocks and ETFs (not going to trade options or spreads really), no mins., no fees, and best rates for margin trading if I want to go with a margin account.
However, I do like that etrade and TD have iphone apps. Mobile access is a big frickin' deal...
Last edited by glowrider; 7th November 2009 at 20:04.
I use Fidelity and their Active Trader Pro program. The program has been able to trade every type of security I've ever used, and provides easy access to lots of information. Having used a number of the trading programs out there, this one is by far the best in my opinion.
One downside though: Fidelity will hit you with big commissions if you trade penny stocks. Fees are reasonable otherwise. Hope this helps!
I use Fidelity and their Active Trader Pro program. The program has been able to trade every type of security I've ever used, and provides easy access to lots of information. Having used a number of the trading programs out there, this one is by far the best in my opinion.
One downside though: Fidelity will hit you with big commissions if you trade penny stocks. Fees are reasonable otherwise. Hope this helps!
How do they do at tax time prepping a sched. d-1?
Meh, just looked, software is PC only. Yuck.
Last edited by glowrider; 7th November 2009 at 21:23.
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