Trading stocks can be a risky business if you are not familiar with the stock market. Making the right investments can lead to an investor making a large amount of money. This will only happen if the right investments are made at the right time. Some people are able to do this on their own. Many people are not so familiar with the process and they need some help. This is where a stockbroker will come in. Stockbrokers help people manage their investments and make the right choices at the right time. There are many companies that specialize in managing stocks and charge minimal fees in order to manage their client’s investments. Below is a list of five of the top online stock trading companies that can help you manage your investments.
1.) TD Ameritrade
TD Ameritrade is a great stock brokerage company for beginners who are looking to advance in the investment industry. It has a stock trading fee of $9.99, which is a little higher than most companies have. They do have three different trading platforms to helps all levels of traders. You can do mobile trading with two different applications right on your phone. You can trade virtually which will allow you test out what your trade may do in the future to your entire portfolio. You can also chat with other investors and watch CNBC broadcasts to keep up current stock information.
2.) E* Trade
If you are a long-term investor or a low-frequency investor then E* Trade may be the right stock trading company for you. They do have a high rating fee of $9.95, but they do have a lot of positives to outweigh the cost. They have a great mobile trading app that you can access right on your phone. With the application you can directly deposit checks into your trading account. You can also have access to every investment product. This means that if you have stocks, you can also have access to ETFs, mutual funds, bonds and more. This company allows you to branch out and have even more investment opportunities.
3.) Scottrade
This company has a lower trading fee than the two companies listed above at just $7. One of the big things that sets Scottrade apart from other places is that they have outstanding customer service. They have a reputation of building relationships with every single one of their account holders. They want to help you make the right decisions and keep you as a lifetime customer. They also have over 500 local branches if you want to talk to someone in person about your investments. You may have to use older technology with this company, so having the option to go in and speak with a person may be your best bet when using this company.
4.) OptionsHouse
OptionsHouse is a company that is geared toward a certain type of investor. People who like to only trade and like to trade frequently will love this company. They specialize in quick trading with their easy to navigate website that pulls up results about your search in seconds. They also have very low trading fees. The cost is $4.95 for new traders and $3.95 for current traders. This company will help you with your trades and get them done fast, but not for people who want to seek broader investment opportunities.
5.) TradeKing
TradeKing also offers a very low trading fee of $4.95 that appeals to many investors. They also offer top-notch customer service along with their easy to navigate site and wonderful trading and investing tools. They also offer research tools for not only stocks, but for ETF’s, mutual funds, and others as well. They also have Trader Network. This is a place where thousands of investors go to share all of their ideas about trading, research and market analysis. Communicating with others at a low price can be a very good tool when investing with a company.