Here’s a list of discount brokers and the commissions they charge. I’ve also listed transfer out fees and account minimums. Transfer out fees or ACAT fees are fees brokerages charge when you move your assets to another broker without selling liquidating your securities. ACAT fees are important if you are thinking of just trying out [...]
This is more of a rant… Every time I do a fund transfer to Fidelity, I have to wait for 5 business days before I can begin trading, which amounts to 7 calendar days. A full week. My only basis for comparison is Scottrade. With Scottrade, the ACH transfer is almost instantaneous. No 5 day [...]
OptionsHouse is yet another discount broker offering low trade commissions. Even though I like my current broker Scottrade, the commissions were killing me. I decided to check out OptionsHouse. Here’s a quick review. Objectives I’m not a day trader and I could care less about research tools. Most of the information I need I can [...]
Having invested a considerable amount of my savings in the stock market, I certainly would like to know how the markets are performing. But I want facts not Jim Cramer’s opinions and being glued to the TV or financial websites is unhealthy to your financial well being, especially in these times! This tool from SmartMoney [...]
Discount stock brokers are dime a dozen. So many have cropped up over the past few years, picking a true low cost broker can be a daunting task. I’ve compared a number of low cost brokers and I noticed one hidden fee that most brokers are not up front about. Say you wanted to try [...]