What investment company to use
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  1. 06-08-2009 07:40 AM #1
    vannahmom
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    Default What investment company to use

    Good morning all I have a quick question I have only been investing for a year but I have only used Sharebuilder to invest with. Is there a better investment company I could use online. Sharebuilder does not have very many penny stocks to invest with and it is hard to find stock to trade with them. What other companys are there that I can use to trade that do not cost that much. Thanks so much for any help.
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  2. 06-08-2009 12:05 PM #2
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    geo27565
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    Default HI

    HI my friend I use scottrade.to me they are very good its $ 7 commision trade and for limited its a half 1 1/2 % .and whe I need them they are only a call away. most people say sottrade is to high on limited orders trus thst but i love scottrade if i need them I can go in or call in to the office.
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  3. 06-08-2009 12:16 PM #3
    jojo
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    Default Scottrade.com or Nobletrading.com

    I use Scottrade, but Nobletrading.com, I believe will let you place online trades for OTCs. You have to call in for restricted stocks (usually under $1.00) at Scottrade. I cannot say how good Nobletrading is, but Scottrade is very reliable.
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  4. 06-12-2009 06:57 AM #4
    bhb7654321
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    Default Etrade

    I use Etrade and I love them. Sure my trades are a little pricy, but everything is online and if you make 30 trades a quarter, they give you access to level two quotes and some really great trading software with trades at 9.99 for limit otc orders.
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  5. 06-12-2009 08:02 AM #5
    geodel2000
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    Default Ameritrade here

    I think that it's a very comprehensive site, ease funds txfr, low startup, 9.99 trades, streaming tools and alerts, and a phone call usually connects me to a human, one that I can understand by the way!
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  6. 10-06-2009 01:21 PM #6
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    itrade420
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    Default the Canadian needs advice too

    I made my first trade today with Waterhouse, the Canadian equivalent of Ameritrade. So far I am not pleased. They advertize trades for as low as $7 per trade, however that is only if you make 150 trades within a quarter, regular trades are $39 online, $42 over the phone.

    This morning I bought 900 shares of a stock @ $0.086, roughly cost $77, I had $100 in my Waterhouse WebBroker acount and when I couldnt buy the stock online I was asked to buy this stock over the phone with them. The rep said I would be charged a $42 (fee) which I convinced him to drop to $29 >.< and he purchased the stocks for me, and informed me I would need to add roughly $15 into my webbroker account within 3 days to cover the cost of my fee.

    I went to TD bank to inquire about my TD waterhouse account and if prehaps there was a promotion I was missing out on. I keep seeing adds for $7 trades, and a month of free trades with Ameritrade, however TD bank only set up the acount, they do not know much about the inner workings of that aspect of their company.

    I have yet to call, but its on my to-do list for this afternoon. Regardless I think that prehaps there is a better company in Canada that is pennystock and low budget friendly. At this point if my stock goes up 50%, I'll break even at sell, and that doesnt seem right to me.

    EDIT: Just spoke with a webbroker rep and the lowest rate for any transaction is $29.oo, if you make more then 30 transactions in a month they lower that by half. I dont belive this is a good company if your just getting started and want to play the market.
    Last edited by itrade420; 10-06-2009 at 04:01 PM. Reason: called rep
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  7. 11-03-2009 05:12 AM #7
    Joshtaylor
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    Default reply:

    Thanks for sharing the information.It is definitely going to help me some time.
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