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monkeyjason said: "I'm planning to start investing in stocks...
however I'm having trouble finding a broker....
I'm currently looking at Ameritrade, Scottrader or Interactive brokers....
I don't know which one is better or is there other recommendation....
currently I'm attending University... therefore I dont' have a lot of $$$ to start an expensive account...
thx soo much....."
AlfredSokol said: "Either Ameritrade or Scottrade should both be good choices."
BenHouston said: "I use scotiamcleod direct investing, can be somewhat pricey, but its Canadain
Its around 23.00 a trade."
monkeyjason said: "I really would like to join ameitrade.....
but I cant' I saw on their website that the mini for an account is 2000US....
and I only have 1000CAD to invest
so I join TD caz I have an account with them
but they are damn expensive 29 a trade......"
HappyHarry said: "Wow, $29 each way for a total of $58 if you buy and sell?"
poldo said: "[QUOTE=monkeyjason]I'm planning to start investing in stocks...
however I'm having trouble finding a broker....
I'm currently looking at Ameritrade, Scottrader or Interactive brokers....
I don't know which one is better or is there other recommendation....
currently I'm attending University... therefore I dont' have a lot of $$$ to start an expensive account...
thx soo much.....[/QUOTE]
If you are on a budget and you want ot minimize expenses and most of all if you are going to invest for the long term (and you should since you're young)
consider
[url]http://www.buyandhold.com[/url] or sharebuilder.com
I believe buy and hold is a bit better as they also offer real time tades.
let me explain a bit, they both offer trading of a selected group of stock ....
a very large selections ie. you won't find penny stocks but the selection as I say is very large, indexes, funds etc..
the fees for b&h is $2.99 per trade , $6.99 for unlimited trading share builder should be similar, you can set automatic deposit and also invest automatically in your portfolio at several intervals
if you have a position that pays dividends you can reinvest them for free
this keeps expenses down to a minimum
the real time trades aren't that great better off with a dedicated "real time trading" brokerage like the other mentioned .
cheers"