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What broker does everyone use? - DividendDragon - 10-06-2014
Just out of interest.
I use Hargreaves Lansdown, expensive at £11.95 a deal but I like the premium service, bells and whistles such as the app.
What about everyone else?
RE: What broker does everyone use? - Kerim - 10-06-2014
All of my non-401k money is at Vanguard. Not the cheapest for brokerage, and their tools are not the most advanced, but it is really a vestige of my all-indexing days. I still really like them philosophically, so don't mind staying there.
RE: What broker does everyone use? - rapidacid - 10-06-2014
TD Ameritrade here. I like the Think or Swim client.
RE: What broker does everyone use? - ChadR - 10-06-2014
I use E*Trade. At $9.99, it isn't the cheapest place, but I don't trade enough for it to matter much.
RE: What broker does everyone use? - fredr142 - 10-06-2014
I use Wells Fargo Advisors. I got in a good deal with 100 free trades a year. So long as I don't change my account it should stay that way. I also have a Vanguard account, TSP, and an American Funds account from when I was a kid that has grown nicely.
RE: What broker does everyone use? - Jimbo - 10-07-2014
I have a brokerage firm out of Denver Cetera that I use for my IRA and Roth.
I am in the last stages of transferring my kids accounts to MerrillEdge, in the process of transferring a trust that I have to them also, $6.95 per trade.
I also have an old TD Ameritrade account for a small account $9.99 per trade.
Jim
RE: What broker does everyone use? - DividendDragon - 10-07-2014
Feeling ripped off paying $18 a trade!
I don't trade much so don't really mind.
Paying a BIG premium for the service
RE: What broker does everyone use? - rapidacid - 10-08-2014
(10-07-2014, 07:42 PM)Lewys120 Wrote: Feeling ripped off paying $18 a trade!
I don't trade much so don't really mind.
Paying a BIG premium for the service
Discipline will play a big part in your success early on.
Keep your trades to an absolute minimum. At $18 a trade with minimal capital I'd be looking to accrue ~$3K before purchasing a new equity or adding to an existing one, keeping my transaction cost to ~0.6%
If you accrued $1K 3 different times and made a purchase at each $1K you'd be pissing away nearly 2% of your hard earned capital in transaction fees alone
RE: What broker does everyone use? - DividendDragon - 10-30-2014
Unfortunately the average price here in uk is around $15 a trade.
RE: What broker does everyone use? - alexg - 10-30-2014
Scottrade. $7/trade. No maintenance or inactivity fees.
RE: What broker does everyone use? - Roadmap2Retire - 10-30-2014
Canada checking in.
Questrade. $4.95/trade. Free to buy ETFs, $4.95 to sell.
RE: What broker does everyone use? - Joey Batz - 11-05-2014
A friend and I share a Scottrade account, but my main account is TD Ameritrade.
My 401k at my old job was Vanguard. Now it's held by T-Rowe Price.