Online Stock
Which online stock brokers are the best with the least amount of fees?
Have been watching the stock market well and have been doing my research about certain stocks. Since I am new and have never traded before I do not know which online broker to use. The fees baffle me. When they say $7 a trade is that all I pay for trading nomatter the # of shares? Are there any more fine print fees that I will pay such as maintainance, taxes, etc? Also, which is the best online broker for a beginner that will not pound me with crazy fees. I would like to get my foot in the door but I also do not want to get hurt with an outrageous loss. After I get a feel of the broker and what the average chargers are then I can set my goals higher. Please help me with me question. I would greatly appreciate it!!!
I use http://www.sharebuilder.com
They are easy to use, offer investment facts and education, and are cheap. I can check my stocks on line at any time for free.
One-time trades are only $4 each trade. (No matter how many shares in the same company)
Usually the fee is “per trade”, not “per transaction”. Many sites do not have maintenance fees. You would pay taxes only IF you made money off of the investments. Unless you were HUGELY successful, this would not be much. You DO have to report the money sitting there.
The other fees involve what you do with the money. If you just keep re-investing the money you make in the same trade, no fees. If you withdraw $$, there is a fee.
StockVal: Australia’s leading online stock evaluation service
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