Stock and Mutual Fund Brokers

 

Bank of America - 15th SmartMoney June2010. Commission and fess can be pricy for nonbank customers. Commission 14.00, Interest on cash .55. E*TRADE Securities - 6th SmartMoney June 2011. 3rd Kiplinger's Jan, 2011. Strong in research and trading tools; smartphone apps include live quotes. Commission 9.99, Interest on cash .40.
Fidelity.com - 1st SmartMoney June 2011. Robust mix of investments, tools and banking services. Commission 7.95, Interest on cash .10. 1st Kiplinger's Jan, 2011. Finra.org - Free service to see the disciplinary record of more than 850,000 brokers and their firms. Kiplinger recommend Apr, 2010.
Firstrade.com - 8th SmartMoney June 2010. 9th Kiplinger's Jan, 2011. Good mix of products, but light on research. InvestForLess.com Buy load funds without paying a commission, and invest modest amounts in low-cost share classes that often require initial minimums of $100,000 or more. Scottrade is its custodian. Kiplinger recommend April, 2010.
Just2Trade.com - 12th Kiplinger's Jan, 2011. Bare-bones broker boasts the lowest commissions. Merrilledge.com - 8th SmartMoney June 2011. 10th Kiplinger's Jan, 2011. High fees.
OptionsXpress.com - 9th SmartMoney June 2011. 5th Kiplinger's Jan, 2011. Big emphasis on tools; new phone applications have options quotes. Commission 9.95, Interest on cash ..02. A Mecca for options buffs. Schwab.com - 5th SmartMoney June 2011. 6th Kiplinger's Jan, 2011. Offers more advice and research than many competitors. Commission 8.95, Interest on cash .50. When you open a High Yield Bank Investor Checking account, which earns a competitive rate, you automatically open a brokerage account, but you don't have to deposit funds or securities into it. You get free checks, unlimited check writing and free money transfers. Schwab reimburses all ATM fees worldwide. Schwab provides a retirement drawdown hierarchy, search "write you own retirement paycheck." Broadest list of funds.
Scottrade.com - 3rd SmartMoney June 2011. 7th Kiplinger's Jan, 2011. Nearly 500 branch offices nationwide. Online trades quick and easy. Commission 7.00, Interest on cash .15. Needs better web site. Sharebuilder.com - 10th SmartMoney June 2011. Expanded research and tools, but ranks low in banking and investment products. Commission 9.95, Interest on cash .03.
Siebertnet.com - 10th SmartMoney June 2010. High marks for customer service, but the web site was sluggish. Commission 14.95, Interest on cash .01. 13th Kiplinger's Jan, 2011 Impressive range of investment choices; abysmal Web site. Sogotrade.com - $3 trades mentioned in April 2010 Kiplinger's.
WallStreete.com - 7th SmartMoney June 2010. Commission 7.99, Interest on cash .02. TradeKing.com - 4th SmartMoney June 2011. 8th Kiplinger's Jan, 2011. Best in customer service. Commission 4.95, Interest on cash .05. First broker to incorporate social networking.
Just2Trade.com - 9th SmartMoney June 2010. Cheap trades are geared toward active investors. Short on research. Commission 2.50, Interest on cash .01. TDAmeritrade.com - 2nd SmartMoney June 2011. 2nd Kiplinger's Jan, 2011. Commission 9.99, Interest on cash .80.
Vanguard.com - 7th SmartMoney June 1011. 4th Kiplinger's Jan, 2011. Low costs and superb customer service. USAA.com - 11th SmartMoney June 2010. Most affordable, with a wide array of products. Commission 5.95, Interest on cash .30. 14th Kiplinger's Jan, 2011 costs are high, and Web site and investment choices are lacking.
Zecco.com - 11th Kiplinger's Jan, 2011. Ten free trades a month with $25,000 balance, 4.50 otherwise. Spiffed up Web site. Interest on cash .03. Few investment choices.  

 

 

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