Top 5 Online Investing Discount Firms to Check Out
Top
5 Online Investing Discount Firms to Check Out
If you want to become involved in any type
of investing - especially the stock market - then it's a good idea these days
to go through an online brokerage company. Since they are not full-service,
their rates are typically lower than what the average broker charges. The
discount firms offer recommendations on low-cost stocks and other affordable
investment opportunities and won't charge a fortune for commissions on trades.
Here are a few of the best discount brokerage firms for you to look into:
 |
| Top 5 Online Investing Discount Firms to Check Out |
Interactive Brokers
This is a very strong option for more
advanced, frequent traders. New traders might not really like the inactivity
fees and high balance requirements, so only consider this discount firm if you
already have a bit of experience. The fees are only $0.005 per share and
clients can trade using more than 20 currencies on 120 markets in 30+
countries. The marketplace is searchable and connects users to a variety of
services, including hedge funds, advisors, business developers, research
analysts, and more.
Robinhood
The way this discount brokerage company
works is that clients do not have to pay any trading commissions. Instead, you
would have to pay a monthly fee up front for the "Gold Service". This
gives you access to a lot of margin loans. To ensure you get the best possible
price, the orders are not routed. Both the mobile app and website are very easy
to use - even for beginners.
 |
| Top 5 Online Investing Discount Firms to Check Out |
Lightspeed
This is one of the best discount brokerage
firms for high-volume traders who have some experience. It is not uncommon for
Lightspeed traders to trade more than 1,000 times per year. It also allows its
clients to trade through both its 3rd party and in-house trading platforms.
However, the Lightspeed Trader platform costs $100 each month for the software
fee. Commission spending applies towards this monthly fee.
TD Ameritrade
This is a versatile trading platform for
everyone, from beginners to active traders. It does have higher-than-average
commissions when compared to the other best discount brokerage firms, but to
make up for it, it provides some superior research and tools to help increase
the chances of success. The service team is second to none as well. There are
knowledgeable, licensed reps that are available via email, chat, phone, and
in-person for support.
Zacks Trade
If there is one company that truly deserves
to be among the " best discount brokerage firms ", it's Zacks Trade.
The firm offers competitive rates and innovative platforms. It allows members
to find stocks and EFT Trades from $3 (1 cent per share). If you switch to this
firm, it will even pay the transfer fee (up to $150) on full account transfers
($5000 minimum). You'll also get versatile trading options and a feature-rich
workstation to optimize efficiency and speed in trading.
No comments:
Post a Comment