Discount online stock trading for beginners
Discount online stock trading for beginners
TDAmeritrade and E*trade are discount brokers. There are as many discount brokers as there are dollar stores in America today. We’re familiar with the big dogs like TDAmeritrade. For example, for a $2000 minimum deposit, you can open an account and only pay $9.99 per trade with no monthly fees. That’s not bad as all the others I’ve seen are higher and then some do have monthly fees as well.
You might want to check the fine print on that $2000 deposit though to see if there is a penalty if your deposit falls below a certain amount. You want to be aware of all the fees up front. Other discount companies penalize you if you don’t make a certain amount of trades each month. Again, read the fine print.
If it sounds too good to be true, it probably is. Since 2002, the SEC has announced action taken in almost 50 internet related stock trading scams. Now its one thing to look for the best deal among recognized discount brokerage companies, but its another thing entirely to fall for one of these internet scams. Be especially wary of unsolicited
Article continued below...
