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Deciding on a brokerage Edit

In choosing a brokerage, it is not enough to know what the commissions are. It is also important to know what it is that you want out it, as not all brokerages are the same. Aside from cost of buying and selling stock, what kind of research is being made available. What other services exist?

If all you want is to buy and sell and nothing else, then going for the lowest commission rate is best. On the other hand, maybe you could use better access to research. For example, would you like access to Standard & Poors Research? You could go directly to Standard & Poor and pay them upfront. Or alternatively you could choose to use one of the Brokerages that provide their research as part of their own research package.

Once you know what you looking for in a brokerage, you can more effectively select one for your own use.

Comparison Chart Edit

Brokerage Website Commission NewsChartsScreeningAlertsMin. Funding
A.B.Watley Direct http://www.abwatley.com 9.95YesYesYes?
Accutrade http://www.ameritrade.com 29.95 YesYesYes?
Barry Murphy & Company http://www.barrymurphy.com 29.95 YesYesNo?
Cambridge Discount Brokeragehttp://www.cambridge-discount.com 15.00NoNoNo?
Charles Schwab http://www.schwab.com 12.95 YesYesYesYes
Cutter & Co. Brokeragehttp://www.cutterco.com 25.00 YesYesYes?
Cybertraderhttp://www.cybertrader.com 9.95 YesYesYes?
Downstate Securities Grouphttp://www.downstate.com 20.00 YesYesYes?
Fidelity Brokerage Serviceshttp://www.fidelity.com ? YesYesYes?
First Discount Brokeragehttp://www.1db.com 19.75YesYesNo?
First Trade Securitieshttp://www.firsttrade.com 6.95YesYesYes?
Freedom Investmentshttp://www.freedominvestments.com 15.00YesYesNo?
Geared Tradinghttp://www.gearedtrading.co.za5.00YesYesNoYesZAR20k
Gorilla Tradeshttp://www.gorillatrades.com 5.00YesYesYes?
Investrade Discount Securitieshttp://www.investrade.com 7.95YesYesNo?
Interactive Brokershttp://www.interactivebrokers.com 1.00????USD5k
Mercantile Brokerage Serviceshttp://www.mercbrokerage.com 18.00YesYesYes?
Muriel Siebert & Companyhttp://www.siebertnet.com 14.95YesYesYes?
Mytrackhttp://www.mytrack.com 12.95YesYesYes?
Netvesthttp://www.netvest.com 14.00YesYesYes?
Online Brokerage Serviceshttp://www.mytradz.com 7.95YesYesYes?
Regal Discounthttp://www.eregal.com 11.95YesYesNo?
Scottradehttp://www.scottrade.com 7.00YesYesYes?
Seaport Securitieshttp://www.seaportsecurities.com 14.95YesYesYes?
Securities Researchhttp://www.securitiesresearch.com 35.00YesYesYes?
Sloan Securities Corphttp://www.sloansecurities.com 19.95YesYesYes?
Stockcross Financial Serviceshttp://www.stockcross.com 20.30YesYesNo?
TD Ameritradehttp://www.tdameritrade.com 9.95 YesYesYes?
Vanguard Brokerage Serviceshttp://www.vanguard.com 25.00YesYesYes?
Well Fargo Investmentshttp://www.wellsfargo.com 19.95YesYesYes?

Schwab Edit

Besides the website, Charles Schwab can be access via phone or at one it many offices located across the country. Plus you can trade in Bonds, Mutual Funds, Options, and Futures.

Scottrade Edit

Besides the website, Scottrade can be access via phone or at one it many offices located across the country. Plus you can trade in Bonds, Mutual Funds, and Options.

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