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Online discount brokerages

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2:54 am
March 22, 2010


itconsultant

Irving, Texas

Member

posts 34

5

Interactivebrokers.com is one that i use. It charges 1$ per trade upto 250 shares. I have not tried penny stocks. They are one of the largest broker dealer and are publicly listed company. you can trade options, futures ,currencies and many other country stocks. 

4:54 pm
February 24, 2010


Jae Jun

Admin

posts 1331

4

Haha thanks.

Who knows, maybe one day, but for now, I sleep much better at night not touching other peoples money.

2:43 pm
February 23, 2010


Alex MacKinnon

Canada

Member

posts 4

3

Thanks a lot Jae.

What does your future hold ? Will you be managing other people's funds one day ?

I think that it is clear that you should.

Cheers.

1:12 pm
February 23, 2010


Jae Jun

Admin

posts 1331

2

I have 2 accounts. My 401k which is self run and what I use for everything on this site and a smaller $2000 portfolio on Tradeking.

If the stock price is above $1, my 401k I pay $7.95 on commission and tradeking charges $4.95. If you try to buy penny stocks, expect huge fees. Tradeking wanted to charge $50 in commission for when I tried to buy some real cheap stuff. Very annoying and I want to switch away from them because of this.

Sogotrade looks to be the best at the moment. Flat $4 I believe, no matter what the share price. No minimum for the discount brokerages.

For test portfolios, I just use tickerspy or marketguru. Or just use the google investment spreadsheet that I have available on the site.

10:21 am
February 23, 2010


Alex MacKinnon

Canada

Member

posts 4

1

Hi Jae,

First off, hell of a site.

Secondly, what discount brokerage do you use to hold you portfolio(s)?  If you don't mind, could you let me know what you pay for an average transaction, and is there an account minimum?

Also, what is your favorite site to set-up practice portfolios ? (fake cash)

CHeers.

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