September 15, 2009
Online Trading Rates Comparison
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In order to get started with online share trading, an investor needs an online brokerage house that helps them in the process of buying and selling of shares. A new investor is always circumspect... |
In order to get started with online share trading, an investor needs an online brokerage house that helps them in the process of buying and selling of shares. A new investor is always circumspect about online share trading, he thinks that it is not safe or he might be cheated on his investments. For this its very important that investors zeros down on some good brokerage house that provide reliable services at a competitive rate.
Here are listed some of the top online trading houses along with its rates comparison:
FIDELITY
It is rated as overall the best broker online.
Experts have constantly given high scores to fidelity for its supreme analytical tools, even though it charges a little higher commission than its other competitors. You wont be scratching your head when you surf its website. It's easy to use and understand with a host of analytical tools and valuable tips at your disposal. $ 19.95$ is its base commission fees which is according to the market order but the customers are not burdened with maintenance or handling fees. This rate is higher than some of other online trading houses, but there is a drop in the commission rate if you are a very active trader or you have high account balance. In order a open an account with fidelity you must have a opening balance of 2500$ (minimum amount). Fidelity has its branches all across the country where investors can go and seek assistance of trained financial advisors.
TD Ameritrade
It is widely recognized as the online broker with the best discount scheme.
TD Waterhouse and Ameritrade merged in 2005 and the result was TD Ameritrade. Experts felt that it would take time for this merger to stabilize. But over time, its rating has improved significantly. Barons have rated TD Ameritrade as one of the best online broker. After the merger the new firm has actually benefited from the superior analytical tools of TD Waterhouse and the refined trading process of Ameritrade. Commissions are as low as 9.99$ for whatever amount of share you trade. In order to open an account with TD Ameritrade you do not need any minimum investment.
Scottrade
It is popularly known as "no-frills" online trading house.
If what you are looking for is value for money, then Scottrade is the place to be. Trading through this broker is fast, convenient and light on the purse as well. In order to open an account with Scottrade you must have a minimum opening investment of 500$. Commissions are as low as 7$ with no maintenance fees. But the one major drawback is its limited help in way of research and analytical tools. It has approximately 300 branches over the country where you can go and talk to an expert.
Recommended Reading
- Which Online Stock Trading Company should you choose?
- How To Find The Best Online Stock Trading Company
- Online Stock Trading Comparison of Related Books
- Online Stock Trading Account
- Compare Online Stock Trading Brokerage Firms
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