How to Trade Stocks Online

bsmath By bsmath, 18th Aug 2010 | Follow this author | RSS Feed
Posted in Wikinut>Business>Investment

This article explains how to trade stocks online using a computer. It lists several websites
that trade stocks and gives details of their prices and capabilities.

How to Trade Stocks Online

Investing online is a good way to invest . Quite a bit of money can be saved by sending payment online instead of by phone or in person. The fastest way to invest online is to use a credit card, although using a check or money order is safer. One drawback, however, is the fact that many people are not proficient at using a computer. Also computers are expensive. Following are many online brokerages that do not cost much to start investing.

Sharebuilder

One of the best online brokerages for beginners is Sharebuilder. Their Basic Subscription is free.

Real time trades are $9.95 each transaction. Mutual Fund trades are free. There is no account minimum, and gains and losses are tracked. A portfolio builder is included with the free

account. There are many benefits included with the Standard for $12.00 per month, or the Advantage for $20.00 per month. If there is not enough money in the Sharebuilder account,

paying a $5.00 fee allows a checking or savings account to be deducted up to available cash.

Zecco Trading

Zecco Trading is $4.50 per trade unless there is $2,500 in the account. In that case, ten free trades per month are included. A cash or IRA account can be opened for $0. Real time quotes for the market price of any stock is available. It will give you the marketing price, opening price, high of day, low of day, etc.

Options Xpress

Another online broker is Options Xpress. Options, stocks, futures, mutual funds, etc. can be traded at Options Xpress. They claim no hidden fees. Free real time quotes are available to funded customers. They offer a free 10 day "test drive". An Individual, Joint, or IRA account can be opened. It was voted a top online brokerage by Barron's for the past few years. They have a live chat you can use online, charts you can use, and up to the minute news. They also offer webinars and tutorials. Their Virtual Trade tool can be used to practice investing before any real money is used.

Scottrade

Their slogan is "More trade for your money". The minimum to open an account here is $500.00.

Their products and services are stocks, bonds, options, certificates of deposit, mutual funds, fixed income investments, and IRAs. They have an online community that is for Scottrade customers to discuss Scottrade's products and services. Their online commission for stocks is $7.00 per trade. There is no fee for Mutual Funds. Access to online stock news and research is provided by Standard & Poor's. Standard & Poor's services available through Scottrade include Snapshot, S&P Market Movers, S&P Word on The Street, and S&P Economic Insight.

Charles Schwab

The very famous Charles Schwab requires an initial investment of $1,000.00 unless the customer agrees to $100.00 transfer per month using Schwab Link. The fee for trading stocks is $12.95 plus $0.015 per share over 1,000 shares. Having more than 120 trades per year or more than $1,000,000.00 in an account will reduce the fee for trading stocks to $8.95. Stocks, options, ETFs, mutual funds, and fixed-income investments online are available. They have a college savings plan. There is a link to a lot of information about how to save for college.

Fidelity

Fidelity.com has many different types of accounts. The general account is called a Fidelity account. The minimum to open an account is $2,500.00. There is no annual account fee. Online transactions cost $8.00-$19.95 depending on the amount per transaction or number of transactions. They also have retirement accounts like Rollover IRA, Roth IRA, and Traditional IRAs. They have a Fidelity Account for Businesses, Charitable Giving And Estate Planning like

Fidelity Charitable Gift Fund and Fidelity Private Foundation Services. Lastly, they have Life Insurance And Annuities like Fidelity Investments Life Insurance Company and Income Annuity.

Ameritrade

They say "Turn to Amerivest for an investment that's tailored to you." They claim "Your account, the way you want it." There is a $2,000.00 minimum deposit to open an account. IRAs, however, have a $1,000.00 minimum deposit to open an account. A portfolio planner and watch list that tracks any stocks available to invest in is available. Stocks and Exchange-Traded Funds are $9.99 per transaction.

E Trade Financial

Stock and Options trading is $6.99 to $9.99 per transaction. There are no minimums or account fees. The $6.99 per trade fee is available after 500 or more trades per month. To qualify for the $9.99 per trade fee, there must be 10-49 trades per month or a balance of $50,000.00. Quotes are available after entering the desired stock in the search box on the home page. It is not FDIC insured.















https://us.etrade.com/e/t/home

Tags

Stock Market, Stock Market Index, Stock Market Investment, Stock Market Investment Strategy, Stock Market Trading, Stock Offering Price, Stock Trading, Stocks

Meet the author

author avatar bsmath
I have a Bachelor of Science in Mathematics and a Classical Studies Minor. I took Spanish in high school
and several languages in college including Latin, ancient Greek, French, and German.

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