The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

what broker do you recommend and why?

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

kidgas

Contributor
Jul 25, 2007
532
49
33
Indiana
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

New Contributor
Aug 14, 2007
64
14
19
37
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

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
30,916
114,301
3,751
Fountain Hills, AZ
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

Fastane Legend. RIP.
Aug 2, 2007
413
175
32
Palm Beach, FL
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
76
8
12
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!
 

piranha526

Contributor
Aug 20, 2007
112
23
23
New Jersey
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

Contributor
Read Millionaire Fastlane
Aug 16, 2007
460
95
46
Kansas, for now
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

Contributor
FASTLANE INSIDER
Summit Attendee
Sep 20, 2007
352
73
59
44
Kansas
I primarily trade options through Think or Swim. Most people I know use them or OptionsXpress or IB.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

wesrosstx

PARKED
Sep 24, 2007
15
0
10
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

Legendary Contributor
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
Summit Attendee
Speedway Pass
Aug 13, 2007
4,126
6,291
1,516
Northern VA
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.
 

Sponsored Offers

  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2020
I'm on the fence with joining. I've been job searching for about 2 months and I can't get hired...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
If you read the last message then you know I'm removing my courses from Udemy next month. You...
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
PS. what do you think about the idea of setting up live Busking experiences on Air BNB? I could...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Hi Mj, I just bought it. And reading it. I think is a great idea to write using the stories to...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Just got off the phone with @LightHouse. Having just a 45 minute conversation with him has...
  • Sticky
MARKETPLACE Kill Bigger Incubator
@Kak Thanks for the reply. Whats interesting is that I have an idea that's been cooking which...



Forum Sponsor

sponsor

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom