What online stock trading company should I use? I want to use 2000 to purchase a stock?

by David Jenyns on November 20, 2011

Question by Paper P: What online stock trading company should I use? I want to use 2000 to purchase a stock?
Can anyone recommend me an online trading company such as ScottTrade, eTrade, AmeriTrade, etc. Which one offers low fees and can u tell me about your experiences? I want to purchase a thousand or two of a low priced stock, what are the boundaries if I wanted to take the money back out after a year of positive growth? Please help, economy sucks.

Best answer:

Answer by muncie birder
Scottrade should work well for you. It is the least expensive of those you mentioned. I personally use Ameritrade but it is slightly more expensive.

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boer84 November 20, 2011 at 11:59 am

I use Sharebuilder (or ING Direct)

I don’t like paying the commission, but to get over that I buy a lot of stocks at a time to offset the commision. I only use the basic investment options, but you can sign up for a account with more options, which you pay a monthly fee for, but you pay less fees when buying stocks or mutual funds. Most mutual funds they sell you have to pay a $ 1000.00 minimum or a monthly payment of $ 100 till the minimum amount is met

Hope this help.

pokeskickazzzz November 20, 2011 at 12:36 pm

I use TDAmeritrade and have for years…. I really like it but if ScottTrade existed at the time I probably would have gone with them since they are cheaper

scottrade is good for beginners! November 20, 2011 at 12:53 pm

I love Scot trade . It works good for me. Scottrade 7 free trade number: MRPK4807 . Open the new Scottrade account? Type this referral number: MRPK4807, both you and me can get 7 free trades. Thank you! Hope you make great money with Scottrade.

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