Forex Digest

I am wondering what online trading broker offers the cheapest commisions other than Zecco.com which offers free trades but only 40 per month. I am looking to make about 15-30 trades per day and need a commission that is $1 or less. Any ideas?

I did see a commercial on CNBC for $0.25 trades... but i forgot the name.

zecco.com offers $0 commissions but only gives you 1% on any cash balances. Remember, they are going to make money off of you somehow.

2007-08-03 10:36:45 by tmac5445

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I want to invest in stocks, trading and option trading, but i'm now starting out and have no, or little experience. I would like to know which broker I should join to do online transactions. Thank you.

I like Scottrade. $7 market orders, fast executions, good customer service when I need it, which hasnt been often. Their website provides a lot of good research information.

2006-04-18 18:52:49 by sarvendraharkishun

I've got Scottrade (www.scottrade.com) which is $7. I've heard of izone (ameritrade's service www.izone.com) which is $5 with $5k minimum deposit.

Are there cheaper online brokers that are legit?

Thanks.

It all depends how big is your transaction...
Those pay-per-transactions brokers are making a killing from people that actually are not using properly: i.e they have small number of shares in every trade.

You should try Interactive Brokers, but they have a per-share fee: 1$/100shares...7$/1000 shares ..etc

2005-12-08 16:27:52 by Archon810

I am looking pretty seriously at Etrade because of their mobile apps and they seem to be reputable... I have $1,000 to invest. Any advice? What experiences have you had with what companies?

Smart Money does a great annual review.

http://www.smartmoney.com/investing/econ omy/smartmoneys-annual-broker-survey-231 19/

2009-05-21 08:24:57 by Jack D

Most online stock brokers allow you to track a trend of a certain stock. However, I haven't found any that would allow you to filter out stocks on certain parameters.

Are there any online stock brokers that have tools which allow searching for stocks based on certain criteria? For example, searching for all stocks which price and trading volume have been going up together the last 3 days.

Many third-party trading tools allow you to do this -- eSignal, NinjaTrader, Wealth Lab, etc. There may be some programming or programming-like activity required. You may be best off doing lots of research on such platforms to find out whether they'll let you do what you want and do it relatively easily -- that could save you quite a bit of time later. These also generally cost some amount of money per month to use, although in some cases brokers may pay those fees for you if you trade enough volume.

Short term/technical-type trading is really quite risky, especially for a new person, so please be careful, no matter what platform you use. The failure rate is by most accounts over 90%.

2009-08-24 20:18:53 by Hakuna Matata