Which online stock trading company should I use?
I have a small sum of money that I would like to use as a stock experiment. Which online company would be best as far as returns, customer support/service and allowing me to learn about trading? Thanks!
Scottrade is good and somewhat cheap too at $7 a trade and they have afterhours and premarket trading but….they only give you what, 3 trades to start? By contrast sogo gives you 100 trades to start and after that they charge you only $3 a trade
https://www.sogotrade.com/Setup/Default.aspx?rf=392837
You need only $500 to open an account without margin(extra money loaned to you by your broker to buy even more stocks). if you want an account with margin you need $2000. All of these online brokers allow you to buy and sell stock very fast in realtime for a fee. The fees range from $3 to $12 and more per transaction. I personally use sogo because they only charge $3 per transaction and no broker goes lower than that.
Filed under: Stock Trading
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Scott trade would be my first choice.
Use the guide below to help you evaluate.
References :
http://hubpages.com/hub/select-online-broker
Scottrade is good and somewhat cheap too at $7 a trade and they have afterhours and premarket trading but….they only give you what, 3 trades to start? By contrast sogo gives you 100 trades to start and after that they charge you only $3 a trade
https://www.sogotrade.com/Setup/Default.aspx?rf=392837
You need only $500 to open an account without margin(extra money loaned to you by your broker to buy even more stocks). if you want an account with margin you need $2000. All of these online brokers allow you to buy and sell stock very fast in realtime for a fee. The fees range from $3 to $12 and more per transaction. I personally use sogo because they only charge $3 per transaction and no broker goes lower than that.
References :
If you are in India, use this link:
http://www.chittorgarh.com/newportal/online-stock-brokers-list.asp
I recommend you to go with Geojit. I’m benefited from this.
References :
Personal experience
You Should go for Scott trade.
References :
my source.