Best Discount Brokerage Firms: Top 5 Online Investing Discount Firms to Check Out

Expert Author George Botwin
If you want to become involved in any type of investing - especially the stock market - then it's a good idea these days to go through an online brokerage company. Since they are not full-service, their rates are typically lower than what the average broker charges. The discount firms offer recommendations on low-cost stocks and other affordable investment opportunities and won't charge a fortune for commissions on trades. Here are a few of the best discount brokerage firms for you to look into:
Interactive Brokers
This is a very strong option for more advanced, frequent traders. New traders might not really like the inactivity fees and high balance requirements, so only consider this discount firm if you already have a bit of experience. The fees are only $0.005 per share and clients can trade using more than 20 currencies on 120 markets in 30+ countries. The marketplace is searchable and connects users to a variety of services, including hedge funds, advisors, business developers, research analysts, and more.
Robinhood
The way this discount brokerage company works is that clients do not have to pay any trading commissions. Instead, you would have to pay a monthly fee up front for the "Gold Service". This gives you access to a lot of margin loans. To ensure you get the best possible price, the orders are not routed. Both the mobile app and website are very easy to use - even for beginners.
Lightspeed
This is one of the best discount brokerage firms for high-volume traders who have some experience. It is not uncommon for Lightspeed traders to trade more than 1,000 times per year. It also allows its clients to trade through both its 3rd party and in-house trading platforms. However, the Lightspeed Trader platform costs $100 each month for the software fee. Commission spending applies towards this monthly fee.
TD Ameritrade
This is a versatile trading platform for everyone, from beginners to active traders. It does have higher-than-average commissions when compared to the other best discount brokerage firms, but to make up for it, it provides some superior research and tools to help increase the chances of success. The service team is second to none as well. There are knowledgeable, licensed reps that are available via email, chat, phone, and in-person for support.
Zacks Trade
If there is one company that truly deserves to be among the " best discount brokerage firms ", it's Zacks Trade. The firm offers competitive rates and innovative platforms. It allows members to find stocks and EFT Trades from $3 (1 cent per share). If you switch to this firm, it will even pay the transfer fee (up to $150) on full account transfers ($5000 minimum). You'll also get versatile trading options and a feature-rich workstation to optimize efficiency and speed in trading.

-

Commentaires

Enregistrer un commentaire

Popular Posts

Affordable & Effective Marketing Tips to Promote Your Business Online

Image
There are many ways that you can market your business without having to spend a lot of money and if you know what they are, then you can get started. You can do this simply by creating some stunning content and having it posted on your blog or even by writing for an industry-related magazine. These are just a few of the many options that you can pick and choose from, so make sure that you are considering what options are going to be ideal for you. Affordable Marketing Tips Make sure that you are looking at the budget that you have for marketing and that you are thinking of how you can get the most for your money. Here are some great tips that can help you to save money or get marketing done at affordable prices, including: • Creating some of the best and most unique content that is found on the internet and posting it on your blog • Create your own My Business Google account to ensure the visibility on various sites like Google Maps • Build an email list of interested c
Lire la suite

Today in the Market - Wed 08/01

Powered by Apple Inc.'s strong earnings, the S&P 500 index was lifted higher at the open. Registering the day's high at 2825.83 led by Technology and Financial stocks, the index reversed gains as investors remained cautious ahead of the closely watched FOMC (Federal Open Market Committee) statement release. Sentiment was further dampened on renewed trade tensions following news that the Trump administration plans to increase tariffs on Chinese goods valuing to $200 billion to 25% from the previously announced 10%. The index fell sharply alongside the FOMC statement release, registering the day's low at 2805.85 as the Federal Reserve signaled another imminent rate hike. Paring some of the losses as investors digested the Fed announcement, the index closed off session lows at 2813.36, down a slight 2.93 points and losing 0.10% over previous session's close. Energy sector led the day's declines, losing 1.33% in today's session. Oil prices remained vo
Lire la suite

Recaps: Finishing the Job in Full

For many brands and services, recaps are one of the most useful ways clients can receive data pertaining to their product. Recaps answer important questions. Are they hitting their target demographic? Is their product perhaps enticing to a market they hadn't thought of? Is the product well received by the consumer? What is the gender and age range of their average buyer? These are only a few concepts; the benefit of recapping is honestly endless, but this can give you an idea of its importance. Recaps are essentially the client's bird's eye view into an event and how it played out. You want to create a recap that makes the reader feel like they are there. First and foremost, pictures are of utmost importance. While the old phrase goes that a "picture tells a thousand words," when it comes to promotional marketing, it might just be a million. Photos not only allow the client to see what a venue was like, and what the models and consumers looked like, but they can
Lire la suite