sharebuilder

[James282]

I'll vouch for scottrade, though I don't use a lot of their research tools so I'd probably be better off at a no-fee trades brokerage. Scottrade is very reliable with timely deposits - I've never withdrew though so I dcan't comment there.

James

[Dazarath]

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$4 a trade is the lowest cost I know of, so it is more than competitive.

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Zecco, Wells Fargo, Bank of America all $0 trades.

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Catch?

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I think the other two you need to keep some minimum amount in your accounts for the free trades, and it's a limited amount per year. But unless you're a trader of some sort, 25 trades/year should be more than enough, IMO.

[jman3232]

well then would Zecco be a better choice? I have most of it coming out of a CD now and i want to put it into an account, so all the options are open.

[GoblinMason (Craig)]

Zecco sounds amazing...Do those of you that use it, What disadvantages do you see ancompared to scottrade and the like?

-Craig

[Shadowrun]

is it free to sell on zecco as well?

on sharebuilder even though its 4$ to buy (only on tuesday WTF???) its like 15.95 to sell.

[Shadowrun]

from their site

"At the heart of our market-busting change lies our promise of zero dollar trade commissions. That’s right. The price war is over. You won. You can make up to 10 trades in any one day up to a total of 40 trades a month at no cost, and after that you only have to pay a paltry $3.50 per stock trade. Option trades only cost $3.50 plus $.60 a contract."

http://www.zecco.com/aboutus/TheZeccoStory.aspx

[GoblinMason (Craig)]

What about limits and stops for zecco?

[gull]

Zecco's trades are free (stock trades, not options). There is no catch. Some people say their customer support is pretty bad.

[Nomad84]

I read somewhere that some brokerages take kickbacks from market makers. The implication was that market makers "buy" business from brokerages and possibly don't fill the order at the best price available at that time in the market. Is this true? From the customer viewpoint, how would you know that your trade had gone through at 1/8 off of the current market price? If you are buying 50 shares of something, that's a $6.25 difference. Not too much, but more than the difference in the price of trades from one brokerage to the next, in many cases. What if you were buying more? I'm pretty sure I saw this in some book about the day trading phenomenon. No clue if it's accurate. Does this kind of thing happen?

[Jeff_B]

Why would I choose sharebuilder over zeeco?
I mean from what i have read its $4 to buy $12.95 to sell... that means with a $100 investment I need a return of 16% which is to me is fairly high just to break even?