I've used and use a few firms, and like scottrade
https://www.scottrade.com/online-brokera...
$500 minimum to open, clearly stated fees. Branch offices. Decent analysis tools.
Free trades in referrals, but I only bothered with it once because of my account type.
https://www.scottrade.com/online-brokera...
https://www.scottrade.com/online-brokera...
Just make sure that you have a position big enough to absorb trading fees. To illustrate, if you bought 2 shares for $70, you would need the stock to have a 20% gain just to break even after buying and selling fees taken into account assuming $7 per trade fees (which is VERY cheap)!
Since you know what you want to buy, any discount broker will do (eTrade, etc.). Some do have account maintenance fees if you do not make a minimum number of trades, so make sure that you investigate these fees. All brokers will charge a commission for making a trade. And finally, all brokers require a minimum deposit to open an account (usually $500 or $1,000).
If you have little money to invest, how do you plan on making money trading?? Trades are $9.95 a piece, and near 20 bucks per round trip. I don't know how much you plan on investing, but trading costs are likely to eat up your profits (if any).
There is a difference between stock trading and stock investing. Be clear on which it is you're doing.
Scottrade is who I use. Low fees and great service for those of us who do our own research. But I invest as opposed to trade.
Alright so I'm 19 years old and i know a little about stocks, but its this company that stocks is at about $35 a share and i believe it will increase by a lot over the course of this year. I wanted to buy stocks in this company but i wanted to know what would be my best option for stock trading? i know there is like Scott Trade, E*Trade, AmeriTrade & etc but whats best for a beginner with little to initially invest? I wanna avoid anything with monthly charges, i wouldn't mind paying per trade(i think thats fair). But what do you guys with more experience think is the best option for someone like me?
