Posts Tagged ‘Brokers’

Online Brokers Offer Traders Faster Trade Execution & Better Reliability

Online Brokers Offer Traders Faster Trade Execution & Better Reliability

Traders and investors are turning to online brokers as opposed to full service brokerage firms. As the internet continues to improve its speeds and reliability more and more traders are moving to online firms. Since the trading industry depends on super speeds for its survival performing buying and selling transactions over the internet are sometimes much faster than those performed over the telephone.

Most online brokers provide a robust software platform for their clients to use in order to execute their orders and do some comparative analysis on market trends and global news. Traders and investors are finding it easier to use online brokers than ever before. The platforms are easier and more intuitive and there are many frequently asked questions available to help new and experience traders with even the most difficult definitions and explanations of how the exchange and markets function.

Financial statements are being offered online for traders and investors to see real time accurate information on their accounts, trading and transactions. These reports also include trending analysis, charts and other helpful information that will allow traders and investors to make better trading decisions. Online brokers are becoming close to a full service brokerage firm and most now include telephone support and service in the event their software platform or the internet has issues of any kind.

Experience and new traders alike are finding that buying and selling stocks through an online broker is easy and cost effective. They are also reliable and available for transactions twenty four hours a day, six days per week. These are the types of things you need to make sure you review and consider before opening a trading account.

Once you have examined all the various fees, charges and other requirements or terms and conditions then it is time for you to sign up and begin buying and selling stocks and options on the market with your new online broker. You will find that they are less expensive but just as robust in services as some full service brokerage firm.

For the Best Online Brokers comparisons, reviews and resources visit http://www.yourbrokerguide.com.

Hi my name is Andy, I hope to be able to contribute to this site through my posts and look forward to talking with you all. I am interested in a variety of things, such as investing, and stock market stuff, computers and internet, obviously, as well as sailing,water skiing, pretty much any types of water sports actually.

TD AMERITRADE offers fair, straightforward pricing with no hidden account fees. It’s time for fresh thinking from your online broker. www.tdameritrade.com
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What to Look For When Comparing Online Brokers

What to Look For When Comparing Online Brokers

If you are looking for an online broker then you should start searching the internet. Many people are using online brokers instead of full service brokerage firms because they are less expensive, extremely reliable and provide information to help you do your own marketing analysis. Whether you are an experienced trader or just starting out, online brokers are a great way to buy and sell stock.

The software and web services platforms online brokers use make buying and selling transactions fast and reliable. As the internet increases in dependability and advances, so the stock and options trading industry increases in value and competence. All you need to do is find the best online brokers available.

It could be difficult to find the best online broker because of the competitive nature of this industry. They are all competing for your business and make more frequent claims of low transaction fees and free offerings. It is best to compare the various online brokers to determine which would meet your specific investment requirements.

Some brokers offer a flat rate fee for transactions while others charge a commission based on the number of trades you make per day or other designated duration of time. There are others that also charge fees for handling your account, and have a minimum amount required to setup a new trading account. It is best to review all the various fees and charges associated with your broker before you begin submitting transactions.

Online brokers often have a terms and conditions clause that you must read thoroughly. These sometimes include information that can impact your account or your transactions if you are not aware. Some of these types of terms and conditions could include closing your account if you are inactivity for a specific duration of time. They could also include minimum account balances that must be maintained at all times along with what the interest rates would be for you to earn income while your money is in the trading account.

For the top Online Broker comparisons, reviews and resources visit http://www.yourbrokerguide.com.

Hi my name is Andy, I hope to be able to contribute to this site through my posts and look forward to talking with you all. I am interested in a variety of things, such as investing, and stock market stuff, computers and internet, obviously, as well as sailing,water skiing, pretty much any types of water sports actually.

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Online Brokers – Is an Online Broker the Way to Go?

Online Brokers – Is an Online Broker the Way to Go?

Online brokers are becoming the trend for traders and investors. Even those that are not that experienced with this industry are turning to online brokers to make their financial investments. The appeal of brokers who process buying and selling transactions through the internet is that they are fast and inexpensive.

Trading on the various markets and exchanges requires quick action and with today’s internet speeds this is an optimal platform for making buying and selling transactions. These trades are also becoming more reliable all the time as the internet improves its speeds and the online brokers improve their software platforms.

The software platforms used by traders and investors not only provide a means to process buying and selling transaction orders but they also have links to information about market trends, industry terms and definitions, and news links. All this information is vital for investors and traders to make decisions on the stocks and options they decide to make investment opportunities.

Online brokers biggest advantage over full service brokerage firms is one of costs. Full service brokerage firms usually require a commission based on a spread or the amount of the transactions and the frequency of the client’s buying and selling habits. The online broker is a flat fee per transaction and does not depend on spreads or amounts.

Both online brokers and full service brokerage firms have minimum amounts for establishing new accounts for trading. Of course their minimum amounts vary for each broker. Some have hidden fees that are associated with account maintenance fees, or certain transactions such as stop loss events and other special circumstances on a trade.

Online brokers are growing in popularity and becoming a way for the average person to begin buying and selling on various exchanges and markets across the globe. At one time this was reserved for investors and traders with large sums of money, but that is no longer the case.

For the top Online Brokers comparisons, reviews and resources visit http://www.yourbrokerguide.com.

Hi my name is Andy, I hope to be able to contribute to this site through my posts and look forward to talking with you all. I am interested in a variety of things, such as investing, and stock market stuff, computers and internet, obviously, as well as sailing,water skiing, pretty much any types of water sports actually.

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Comparing the Services of the Top Online Brokers

Comparing the Services of the Top Online Brokers

The top online brokers usually offer the better customer service than those of its competitors. Providing fast, reliable support to all their clients will be the secret to maintaining a successful online brokerage and retaining their client base. The trading industry is extremely competitive and most online brokers offer software platforms for fast internet access to perform buying and selling transactions.

To differentiate top online brokers from others can be found in their excellent customer support and service. If something happens to the platform, traders and investors need to know they can depend on their online brokers to perform the transactions for them through the telephone or provide a quick resolution to the platform issue.

Before you begin using an online broker you should review their website and other information to discover the type of customer service they provide. See if they have any guarantees on telephone availability and support so you can continue trading no matter what the circumstance. Top online brokers understand the importance of traders and investors have fast access to the exchanges and market in order to execute their orders and trades.

Do some investigation to make sure your online broker has telephone access and whether there is an actual person at the end of the telephone or whether there is a recording. If you have to be on hold when you call your online broker then you will miss out on your buying and selling of stock and options. This could mean financial disaster for experience traders who earn their living through buying and selling of stock.

Identifying top online brokers can be difficult but one of the key components of finding that top broker is locating the one that has excellent customer service and support through the internet and through a telephone call. A broker that does not put their clients on hold for any reason would definitely be considered a top online broker.

For the Best Online Broker comparisons, reviews and resources visit http://www.yourbrokerguide.com.

Hi my name is Andy, I hope to be able to contribute to this site through my posts and look forward to talking with you all. I am interested in a variety of things, such as investing, and stock market stuff, computers and internet, obviously, as well as sailing,water skiing, pretty much any types of water sports actually.

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Best Online Brokers

Best Online Brokers

When you are trying to decide the best online brokers for you, first determine your priorities and what type of investor you are. Other items to consider when you are choosing the best online brokers are commissions, fee structures, balance requirements and customer service.

E*TRADE is an inexpensive option for best online brokers for active traders who are experienced and don’t need a lot of technical advice. You will need a minimum of ,000.00 to open an account with E*TRADE. There is a .99 fee for both market and limit orders. Also, you are required to pay .00 per quarter to use their services.

Fidelity’s commission fee for both limit and market orders is .95. The minimum amount of funds to open an online account with Fidelity is ,500.00. There is no quarterly or annual fee to use Fidelity’s services. This is the best online brokers for investors with a higher net worth who likes all the frills of a full service broker. Because Fidelity is considered a full service broker they provide a wide range of investment tools and calculators and are rated extremely high for customer service.

Scottrade only charges .00 per market and limit orders. The minimum opening balance is only 0.00. This is one of the best online brokers for being inexpensive. Because they are inexpensive they don’t offer a lot of technical or research support, you are basically on your own. Scottrade does not charge a quarterly or annual fee. Scottrade does charge an additional fee of 0.5% of the total principal in addition to the .00 flat commission fee.

Charles Schwab might be considered by some as the pioneer in the discount broker world, but they are definitely not the cheapest of the best online brokers. Charles Schwab charges .95 for both limit and market orders and they also charge an additional .015 for all shares over 1,000. You will be charged a .00 per quarter service fee to use their brokerage services. You also need to be aware that if you purchase more than 5,000 shares, Charles Schwab will charge you .003 for every additional share.

TD Ameritrade was formed when TD Waterhouse and Ameritrade merged. TD Waterhouse was acquired by Ameritrade in 2005 and charges a flat fee of .99 for per trade for any amount of shares. There is no minimum account opening amount. According to current investors, TD Ameritrade rates very high for customer support and research tools in the best online broker’s area.

Sharebuilder is one of the best online brokers for new investors. They provide a wide range of investment strategy support. Sharebuilder has no minimum opening account balance requirement. With Sharebuilder you can also set up automatic investments for buying and selling stocks online for only .00 per trade. Regular limit or market orders will cost you .95 each. As a side note, Sharebuilder is part of ING Direct.

Firstrade is a relatively unknown broker as far as best online brokers. It appears as if they charge .95 for market and limit order commissions with no quarterly or annual fees. Firstrade does not have a minimum opening funding requirement. However, as with most discount brokers you will receive little or no technical support.

Vanguard is considered more of a full service broker like Fidelity and Charles Schwab. Because you will receive additional services you will pay more than you would if you choose a discount broker as your best online brokers. Vanguard is going to charge you .00 per market or limit order trade. You will also have to pay a .00 annual service fee. The opening balance for Vanguard is ,000.00.

This is only a small sampling of the best online brokers. Each online broker has different requirements for opening account balances, quarterly or annual fees and commission structures. You will need to decide which broker is going to fit your needs and goals.

Jayme Hanson operates an information site about Learning How To Invest. Articles include information on Investing Money Advice, Online Brokerage Firms and Money Market Investing.

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Online Stock Brokers – Are They Good Investments?

Online Stock Brokers – Are They Good Investments?

The dot-com boom and bust could have never taken place without the emergence of online brokers. First, there was E-Trade (ET), which was quickly followed by rival Ameritrade (AMTD). Then, veteran discounter Charles Schwab (SCHW) joined the field of online stock brokers.

Several other companies came and went during the boom and bust, and the stock prices of these online brokers have been volatile, but historically, the online stock brokers have been good investments in their own right.

E-Trade – Godfather of Online Stock Brokers

E-Trade was the first of the online brokers. It went public in August of 1996 at a split-adjusted price of .81 per share. E-Trade stock now trades around per share, so any lucky investor with ,500 in extra money and the foresight to see how big online brokers would become back in ’96 would now have close to ,000 to show for his hunch.

Then again, if he would have sold out in 1999 when the stock hit its all-time high, he would have pocketed nearly three times as much.

Today, E-Trade is probably not a good buy. Intense competition among the online stock brokers have driven down the price of trades – that’s great for E-Trade’s customers, just not its own investors.

In an attempt to cut down on the competition, E-Trade tried to take over other online brokers in 2005, but failed when in a defensive move, online stock brokers Ameritrade and TD Waterhouse combined to form TD Ameritrade.

TD Ameritrade – Two Online Stock Brokers In One

Ameritrade was the second entrant in the field of online brokers when it went public in March of 1997 at .25 per share. Don’t you wish you would have picked up 1000 shares back then? If you did, you’d now be sitting on a cool ,000 and change.

Like most other online brokers, Ameritrade’s stock has been very volatile. In less than six months in 1999, it shot up from single digits to around per share. Then it began a long, painful slide for two and a half years, all the way back down to , before making four year a climb back to its current level of respectability.

The biggest news for Ameritrade came in 2005 when it purchased TD Waterhouse. The two online stock brokers formed a single company, now known as TD Ameritrade.

Charles Schwab – The Great Grand-Daddy of Online Stock Brokers

Charles Schwab has always been an innovative person and company. Schwab was the first discount brokerage firm of note in the U.S.; providing an avenue for investors to trade stocks without all the bells and whistles or the extra fees that come with them. Thus, it was only natural that this pioneering company would quickly join the ranks of online brokers.

Because Schwab’s business is more diversified than the other online stock brokers, its stock has not been as volatile. In fact, SCHW is currently trading near its five-year high, something shareholders of the other online brokers could only dream of.

Going into the future, this model of diversification is likely to lead to further growth, as Schwab just recently applied for and received a bank charter, which will allow it to do banking business for its clients.

Options Xpress – The New Kid on the Block

Options Xpress (OXPS) went public in January of 2005 at .09 per share. The stock quickly plummeted by 35 percent before staging a major bull run all the way to .94. As the youngest of the online stock brokers, Options Xpress probably has the most room for growth.

Furthermore, since the industry has been seeing its share of mergers and acquisitions, there is a good possibility that a larger company, such as E-Trade, may launch a takeover bid for Options Xpress. When this happens, share prices almost always go up.

Options Xpress did see its share price decline significantly in June of 2006, and as a smaller, newer company, it may be the riskiest of the online brokers.

Before acting on any investments discussed in this article, be sure to talk to your investment advisor.

William Smith the author provides much more financial information on many subjects as well as the secret to his success in the market along with 5 Free power stock picks emailed daily so grab your Free subscription on his website at Online Stock Brokers (All is Free)

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Types of Stock Brokers | Stock Market Basics

Types of Stock Brokers | Stock Market Basics

When you are beginning the search for your first (or next) online stock broker, you must first decide which category of brokers you are going to choose from. You need to determine which is going to be the best fit for your trading style and the costs you are willing to pay.

There are three categories of online stock brokers to pick from. They vary depending on their service levels, trading costs and the type of access to stock information.

1. Full Service Brokers – These are mostly the traditional big name firms who offer their own research, a very broad product portfolio and a staff of stock brokers to advise you on your trades.

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While these brokers offer the most service, you pay more in commissions and fees. For most online traders, they want to do most of this work themselves. To pay the extra commission for the services of their broker staff then is not worthwhile

2. Direct Access Brokers – This category of brokers is very different than the traditional stock brokerages both in terms of what they offer and who their typical customer is. These brokers offer traders direct access to market data and for making their transactions. They often have their own software that you download onto your computer to make the direct connection and there are few extra services offered.

This category is important to day-traders and others who do serious trading and where minutes and seconds can make a big difference in their success.

3. Discount Brokers – Most online traders and especially beginners choose from the category of discount brokers. They are called discount brokers because when they first started, they focused on providing the tools for individuals to make their trades, but without the involvement of human stock brokers. This obviously saved a lot of cost and so the commissions they charged were a lot less.

Today, these are some of the most well-known and visible stock brokers including e*Trade, TD Ameritrade, TradeKing, Zecco and Scottrade. As their business has evolved, they now offer more advanced services like phone-in trades, branch offices, broker consultations and research.

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Discount Stock Brokers – Why Pay For Bad Advice?

Discount Stock Brokers – Why Pay For Bad Advice?

In the days before discount brokers, only the wealthy invested in stocks. After all, before discount stock brokers, commissions on trades were typically over 0.

In order to get your commission down to 1 percent, as recommended, you’d have to buy ,000 worth of stock at a time.

The Father of All Discount Stock Brokers – Charles Schwab

Luckily, there came Charles Schwab, first of the discount brokers. His namesake company slashed commissions down to around per trade, which made it more affordable for middle class people to invest.

As more discount brokers entered the field, Charles Schwab cut rates even further. Schwab was always looking for ways to streamline operations, cut costs, and pass the savings on to customers. These strategies are what made them the greatest of all discount stock brokers in the pre-internet age.

Dot-Com Boom – A Real Boom for Discount Stock Brokers

Without Charles Schwab, the person and company, stock trading probably would have forever remained the domain of the rich.

But as Schwab ushered in an entire crop of discount brokers, these new firms were always looking for ways to innovate. One of these up-start firms was E-Trade, the first of the internet-based discount brokers.

By not even having physical offices or human “brokers” sitting behind desks, E-Trade was able to cut costs even further. As other discount stock brokers went online, competition intensified and the cost of trades continued to go down.

Soon, everyone with an internet connection and a little extra money was checking out the online discount brokers, opening accounts, and making easy money during the fabled dot-com boom.

Now You Have Your Pick of Discount Stock Brokers

There are now dozens of online brokers to choose from. E-Trade, Ameritrade (now known as TD Ameritrade, after acquiring rival TD Waterhouse), and Charles Schwab have been joined by new brokers such as Options Xpress, Fidelity, FirstTrade, ScottTrade, and Sharebuilder.

Although the number of web-based brokers might seem staggering at first, the good news is that the crowded market place is great for the consumer. The price of trades with discount brokers has been pushed down to around .

A few discount stock brokers charge more than this, but in doing so, they offer extra perks. Competition has led many discount brokers to offer nearly full-service level features.

What About the Offline Discount Stock Brokers?

The bad news, if there is any, is that brick-and-mortar discount brokers have become pretty much a thing of the past. After all, it’s extremely difficult to compete with the low prices of the online brokers when you have to maintain an office in the real world.

Most offline brokers are “full-service brokers,” meaning you pay them to give you advice. For interested investors, this advice certainly isn’t worth paying for. In fact, the average full-service broker knows a lot less about the market than you probably do if you’re reading this.

Take Edward Jones, for example. It’s advertising campaign is designed to send the message that “investing is hard” and that “only professionals should do it.” Yet if you look online, you will see that Edward Jones aggressively markets its offices as franchise opportunities.

A kid right out of college with well-heeled parents could open an Edward Jones in your neighborhood – do you want to pay for his advice?

If you’re uncomfortable making tough investment decisions, look into some diversified mutual funds. If you want to be in stocks, you probably don’t need a full-service broker to hold your hand.

Investigate the different discount stock brokers and find the one that’s right for you.

William Smith the author provides much more financial information on many subjects as well as the secret to his success in the market along with 5 Free power stock picks emailed daily so grab your Free subscription on his website at Discount Stock Brokers (All is Free)

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How To Trade Penny Stocks On Etrade – Compare E-Trade and Other Top Online Brokers

How To Trade Penny Stocks On Etrade – Compare E-Trade and Other Top Online Brokers

How To Trade Penny Stocks On Etrade

The process of evaluating trading brokers for you to sign up with is not as difficult as you may think. First of all, there are several very solid choices to put on your short list of brokerages to review. These include the big names of E-Trade, Scottrade and TD Ameritrade. It may include lesser known but highly rated brokers like TradeKing or optionsXpress. It may also include the online services of some of the big brokerage houses like Fidelity and Charles Schwab. While there are definitely differences with each of these, you can be confident that choosing from any broker on this list is a safe bet.

E-Trade is probably the biggest name of all the online brokerages. More than any other brand, they have maintained advertising campaigns over the years with television, print and online ads, among others. And they are a top-tier broker by any standard you may use. E-Trade consistently rates highly in terms of customer service, research quality, trading platform and tools, and in other categories. That is why they are the choice of experienced traders and investors. But these high service levels come at a price, with E-Trade being toward the higher end of cost when you compare them to the grouping of brokers listed above. How To Trade Penny Stocks On Etrade

When doing your research, it is important for you to think about the kind of trader you are, or will be. If you are looking for information on how to choose your broker, you are likely a beginning trader or toward the new end of your trading career. New traders tend to start basic, so they won’t be using the most sophisticated tools that are available from some of these brokers. And new traders haven’t found their successful trading formula yet. So there is a learning curve period that they must progress through that is characterized by smaller trades (with fewer shares) and lots of buy and sell orders. So cost can be a particularly important consideration as you try to maintain your profit margins in this situation.

But here is the important question for you when evaluating who will be your online broker. First, of all the strengths and weaknesses of these brokers, which are most important for me as a beginning trader? And second, how can I get the quality that I am looking for with the lowest possible commissions and fees? How To Trade Penny Stocks On Etrade

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Thinkorswim Options Commissions – How to Compare Online Brokers’ Commissions

Thinkorswim Options Commissions – How to Compare Online Brokers’ Commissions

Thinkorswim Options Commissions

Are you trying to save money on your trading commissions by considering a new online broker? If so, then you’ll need to sit down and compare their plans in a practical way. Thinkorswim Options Commissions

Here’s how I would do the math:

I would start out with my trading results from 2009. I’d be looking at my profit & loss numbers for the year, and what I paid in commissions.

Let’s say my profit for the year was ,000, and that I paid 00 in commissions on 100 stock trades ( per trade). Note: I’m using round numbers here to keep it easy.

If potential new online broker X charges a trade – I’d save a trade times, 100 trades. That’s 0.

But is it enough to move the needle? After all, that would improve my profits for the year by just 1% (0 divided by ,000). That’s not worth switching for – unless you are experiencing customer-service hassles.

On the other hand, if you make 1,000 trades a year and could save a trade, you’d save ,000. That could feed a family for a year And if you’re a megatrader moving thousands of trades a month, the savings could easily go into the six figures.

So for active traders, the decision may seem pretty easy – go for a cheaper broker because they savings could be meaningful.

However, there are other issues to consider, like execution quality. Will your trades be completed in a timely fashion at the best possible prices? Thinkorswim Options Commissions

This is a tough issue to figure out, especially when it comes to highly-liquid markets like equities where orders can be placed and filled in the blink of an eye.

My rule of thumb is that on stock orders, you should get a slightly better price than the one you specify on limit orders at least some of the time. If I had to guess, I’d say that Thinkorswim gives me price improvement on one out of three stock trades – pretty good. On options trades, it happens occasionally – not nearly as often as I’d like.

If you never get price improvement, then you can do better elsewhere.

So how can you calculate the potential effect of crappy executions? Here’s one way, albeit a rough one:

Take your trading results for 2009, and subtract a minuscule amount – 0.2% or less.

Then, randomly select a few of your trades from 2009, and do the following to your profit or loss on each: hurt your results by 5%. Either add 5% to your loss or reduce your profit by 5%. This is intended to simulate the impact of the broker not being able to get your most important trades done during busy periods.

Take these numbers, and factor them into your estimates on how a new online broker impacts your P&L. If you’d save 0 on commissions with a possible negative impact on the execution side, you really have no reason to switch unless you are dissatisfied with customer service, or are getting hit with silly service charges.

If it seems like I’m overemphasizing customer service, it’s because I am. Customer service should be your number-one concern when choosing an online broker. Fancy charting packages and cheap commissions are great on their own – but you won’t care about them if you’re left on hold for 45 minutes. Thinkorswim Options Commissions

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