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what broker do you recommend and why?

kidgas

Contributor
Jul 25, 2007
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I can't say that I am "experienced" although I have been investing in stocks/options since 1999. I currently use Fidelity for my retirement accounts. I have 2 Etrade accounts. I just recently opened an account with optionsxpress. Reasons: I wanted to keep my retirement accounts separate from my other accounts. The commissions are a little higher but my trading is somewhat less. Also, there is a brick/mortar office within 30 minutes so if I have a problem I can get in someone's face.

Etrade: I like the website and because I have become accustomed to it, navigation through the site is easy for me. Optionsxpress because they offer portfolio margin. It seems like the commissions are slightly lower as well.

I have used Schwab and Ameritrade in the past. Not that they were bad, but I just moved funds from Schwab to Etrade about 7 years ago. Ameritrade was fine. As you can see, everything I like to do is online.
 

1320Trader

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Aug 14, 2007
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Maryland
Im using Scottrade and I haven't had any problems so far. What kind of trading are you going to be doing? Swing, Day, Long term?
 

MJ DeMarco

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Jul 23, 2007
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I use Ameritrade for stocks.

OptionsXpress for options.

I recommend both ... Ameritrade has a lot of free tools if your account is valued over $500K. Advanced Analyzer is what I use to screen stocks.

TradeStation is exceptional too however I've yet to fund that account.
 

Peter2

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Aug 2, 2007
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I use Etrade and OptionsXpress. I'm happy with both.

Edit: I just noticed that I'm the first Senior Member here. :party:
 

MrDoctor

New Contributor
Aug 13, 2007
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I use scottrade because the exection is fast, the customer service is excellent, and the fees are cheap.

Their research tools are not impressive, but when you get some money in yor account (above 250k,) you get scottrade elite, which rocks!
 

Yankees338

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Jul 24, 2007
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Is Scottstrade less expensive than Ameritrade?

Also, which offers the best/most features?
 

piranha526

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Aug 20, 2007
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I use Ameritrade (since the 90's) and optionsXpress since the first year it opened. They are both excellent. As MJ states, other services are better for a day trader such as TradeStation or CyberTrader. Brokers like these require approx. 40k shares traded each month to qualify for their best plans (per share structure).
 

tchandy

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Aug 16, 2007
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I use USAA and Sharebuilder. Both work for me. Sharebuilder didn't have great customer service when I called them to confirm information on my Sharebuilder tax statement. I currently have nothing in that account.

Tom
 

Edge

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I primarily trade options through Think or Swim. Most people I know use them or OptionsXpress or IB.
 

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wesrosstx

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Sep 24, 2007
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Dallas, Tx
I use Choice Trade. I have a small portfolio and they offer $5 trades. I have not had a problem with them in the last 3 years. The system is easy to use but it is stripped out so no bells and whistles. I like E-trade's platform but I can live without it.
 

LightHouse

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I was thinking about setting up with Scotttrade, anyone with quams about them? it will be a sub 25k account so i wont get all the supergood stuff to start.
 

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