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:: online
brokers
    
there
are numerous online brokers of varying quality. here are a few we
know of that might be of interest to you.
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| A
more modern alternative to a traditional trading account is
a 'spread betting' account. These accounts provide
a much simplified process compared to ordinary accounts, allowing
you to, for example, trade indexes and futures as easily as
you trade stocks. Additionally, spread betting accounts are
tax free, which will REALLY help you build up that account
size! Rapidly overtaking traditional brokers in Europe and the
UK, the 2 best spread betting firms are:- |
Capital Spreads
www.CapitalSpreads.com |
CapitalSpreads
has a reputation as the fastest, easiest, most liquid trading firm around. Long established, they have an excellent
simple browser freindly system, and you can even open up a free
'virtual' account and paper trade with live prices to see how
good you are before committing any cash. |
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| Best
of the rest:- |
Intrade
www.intrade.com |
Second only to CityIndex,
Intrade have been coming up fast for a while. Their spreads
are competitive, and customer service is generally regarded
as good. |
| However,
if you really MUST open a 'traditional' trading account, try:- |
AmeriTrade
1-800-454-9272
www.ameritrade.com |
Ameritrade (merged with
Datek) offers unlimited share trading via the web for $10.99.
Customer support is good, and they offer extended hours trading
and options trading. |
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Charles Schwab
1-800-435-4000
www.schwab.com |
Charles Schwab offers
a complete array of brokerage services. Perceived as 'higher
quality' than Ameritrade, their commissions are as low as $14.95
for active traders, or $29.95 over the internet for non-actives.
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ETrade Securites
1-800-786-2575
www.etrade.com |
ETrade provide trading
in stocks, options and mutual funds. Commissions go as low as
$14.95. Extra facilities available for active traders. |
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Investrade
1-800-498-7120
www.investrade.com |
With commissions as low
as $7.95 per trade (unlimited shares), you can trade online
for without fear of broker costs eating your profits. Option
commisions go as low as $14.95. |
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Scottrade
1-800-619-7283
www.scottrade.com |
Scottrade has 75 local
offices, and their commissions go as low as $7 for online trades
- this is one bargain basement broker you can't beat! |
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TD Waterhouse
1-800-453-5080
www.waterhouse.com |
TD Waterhouse do commisssions
as small as $9.95. Additionally, they offer free research, quotes
and plenty more if you are on a budget. |
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