VladTheImpaler
The Sensational Prince
Any experience with these?
Thoughts on these brokers?
Thoughts on these brokers?
ETrade, Schwab, or TD Ameritrade?
- Thread starter VladTheImpaler
- Start date
MillionMills
Superstar
I've been with TD ameritrade for years. Never had to speak to a broker once
I joined TD Ameritrade for PaperMoney trading through Thinkorswim. I set it up on a whim one morning and it took maybe 20, 30 minutes. A few days later one of their representatives called me to build an investment profile - I thought that was neighborly of them. Haven't touched Thinkorswim in the past couple of months though, been too busy. But man, if I had put real money into PMC :wowhand2:. When I sold my PaperMoney shares I made around 2 grand off of 100 shares, and I think I paid around 14-18 grand for them about a month prior. So I'm sure you could imagine how folks who have thousands of shares must have felt. PaperMoney is good if you want to get acclimated with no risk. You can adjust how much you have in your account so that it matches what you have for real, and then try to make smart, realistic moves. Or you could dump in 6 figures and buy what you want. It's all up to you. The prices are delayed 20 minutes from the actual market and there's no after hours trading, but that's really a non-issue.
That said, Thinkorswim isn't easy to use, the learning curve is kinda steep. But you really have nothing to lose to I'd say go for it.
That said, Thinkorswim isn't easy to use, the learning curve is kinda steep. But you really have nothing to lose to I'd say go for it.
All of them are about the same in terms of fees. TD Ameritrade offers the most when it comes to overall platform and abilities.
If you are just screwing around then I'd also look into Robin Hood for commission free trading. Just don't expect to become a professional day trader using Robin Hood trade executions
If you are just screwing around then I'd also look into Robin Hood for commission free trading. Just don't expect to become a professional day trader using Robin Hood trade executions
If I remember correctly, I used this site to make my decision: Compare Online Brokers - StockBrokers.com
I hope TradeKing will have a banking feature now that Ally Bank owns them.
JahFocus CS
Get It How You Get It
I've been with TradeKing for about 5-6 years now... pretty good online brokerage IMO.
Have there been any changes or emails/notices of changes since Ally acquired them?
JahFocus CS
Get It How You Get It
MrWestGrand
The Negotiator
I use to work for Etrade, so I endorse them. They have banking products, as well as the personal brokerage accts come with checks,and funds rest in a money market.
levitate
I love you, you know.
I've have Scottrade.
Got tired of paying but/sell fees so I liquidated and switched to Robinhood.
Got tired of paying but/sell fees so I liquidated and switched to Robinhood.
I use TD Ameritrade still learning as i go, haven't had any problems with them as of yet.
Posted this in the boiler room thread a couple of weeks ago. For those who are not aware:
Charles Schwab just lowered their trade fees from $8.95 to $6.95 starting March 1st.
They also lowered the expense ratio for some of their index funds:
Here's How Charles Schwab Is Waging Its War On Stock, ETF And Fund Fees
Charles Schwab cutting fees again
Shares of Charles Schwab (SCHW) fell Thursday as the leading online broker announced that it will cut its trade commissions on stocks and ETFs starting Friday and lower expenses on its index mutual funds starting March 1.
Schwab will reduce its standard online equity and ETF trade commissions from $8.95 to $6.95, making them lowest among rivals such as Fidelity, Vanguard, TD Ameritrade (AMTD) and E-Trade (ETFC). Commissions at those competitors range from $7 to $20.
Expenses on Schwab's cap-weighted index mutual funds also will be aligned with their ETF counterparts, putting them among the lowest in the industry. Investment minimums are being eliminated for those Schwab funds and a single share class will be used, enabling even the smallest investor to pay the lowest possible fees, according to Schwab.
"Any investor will pay the same best rate across the board," Schwab CEO Walt Bettinger said in a call with analysts. He described his firm's latest moves as "critical for growth in the future."
The new expense ratios on Schwab S&P 500 Index Fund (SWPPX) and Schwab Small-Cap Index Fund (SWSSX) are 0.03% and 0.06%, respectively. Schwab U.S. Aggregate Bond Index Fund, set to launch Feb. 23, will charge 0.04%.
Competing index funds from Fidelity and Vanguard cost anywhere from three to five times more for a $5,000 investment, Bettinger pointed out.
Charles Schwab just lowered their trade fees from $8.95 to $6.95 starting March 1st.
They also lowered the expense ratio for some of their index funds:
Here's How Charles Schwab Is Waging Its War On Stock, ETF And Fund Fees
Charles Schwab cutting fees again
Shares of Charles Schwab (SCHW) fell Thursday as the leading online broker announced that it will cut its trade commissions on stocks and ETFs starting Friday and lower expenses on its index mutual funds starting March 1.
Schwab will reduce its standard online equity and ETF trade commissions from $8.95 to $6.95, making them lowest among rivals such as Fidelity, Vanguard, TD Ameritrade (AMTD) and E-Trade (ETFC). Commissions at those competitors range from $7 to $20.
Expenses on Schwab's cap-weighted index mutual funds also will be aligned with their ETF counterparts, putting them among the lowest in the industry. Investment minimums are being eliminated for those Schwab funds and a single share class will be used, enabling even the smallest investor to pay the lowest possible fees, according to Schwab.
"Any investor will pay the same best rate across the board," Schwab CEO Walt Bettinger said in a call with analysts. He described his firm's latest moves as "critical for growth in the future."
The new expense ratios on Schwab S&P 500 Index Fund (SWPPX) and Schwab Small-Cap Index Fund (SWSSX) are 0.03% and 0.06%, respectively. Schwab U.S. Aggregate Bond Index Fund, set to launch Feb. 23, will charge 0.04%.
Competing index funds from Fidelity and Vanguard cost anywhere from three to five times more for a $5,000 investment, Bettinger pointed out.
