Make the change today.. Or, open a second account!
These brokers make good choices for beginners because they have excellent customer support, are easy to use, have online trading communities, and most have low or no minimum deposits, and virtual/paper trading. Our top picks in this cateogry are optionsXpress and TradeMONSTER.
TradeMONSTER® is ranked by Barron’s among the best of the best, and is their number one rated broker for options traders. The broker received a 4.5 star rating in the options trader category, and a four-star rating in trade experience, trading technology, research amenities and customer service and education.
E*TRADE® is one of the most popular and well known online discount stock brokerages. Many of you are probably familiar with their advertising campaign which features the “E*TRADE Talking Babies” to help promote their services. E*TRADE is a publicly traded company under the symbol ETFC, and has a market capital of around $3 billion.
optionsXpress® is an award winning online brokerage that has some quite unique features. This is one of the few brokers that offers futures trading, helping investors diversify into yet another market type.
TradeKing® is a highly rated online broker that has won several awards from various investing publishers for both its trading tools and customer service. They offer a super low stock commission of $4.95 (Note: this applies to stocks over $1).
Scottrade® is a well established discount brokerage with a history going back 30 years now. This fact may not be obvious because of the relatively recent advertising you may have noticed for Scottrade. In fact, the company was started in 1980 and started offering online trading in 1996.
Zecco® is a deep discount brokerage that offers trades for a flat rate commission of $4.95 ($6.95 for equities priced under $1). While Zecco did used to offer slightly cheaper trades, and even free trades depending on your balance and activity, the new rate is still quite cheap.
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