Brokers

Official TSP Center polls.

Moderator: Aitrus

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Which broker do you prefer? Why?

E-Trade
4
7%
TD Ameritrade
10
17%
ING Direct (Sharebuilder)
3
5%
Scottrade
11
19%
Fidelity
5
8%
Other
26
44%
 
Total votes: 59

User avatar
Jahbulon
Posts: 3901
Joined: Wed Nov 17, 2010 1:22 pm

Brokers

Post by Jahbulon »

Which broker do you prefer? Why?

E-Trade
TD Ameritrade
ING Direct (Sharebuilder)
Scottrade
Fidelity
Other

User avatar
Sad Al
Posts: 107
Joined: Tue Jun 08, 2010 11:50 am

Re: Brokers

Post by Sad Al »

I chose Schwab for a sentimental reason: that is who my dad used. However, their stock trades cost $8.95, no restrictions on the number of times you must trade to get that price, and they have low cost ETFs that you can buy and sell for no trade cost. The ETFs include some similar to the TSP funds, of course, but also offer some additional options like REIT and value ETFs.

BigMike
Posts: 220
Joined: Wed Sep 29, 2010 12:45 pm

Re: Brokers

Post by BigMike »

Fidelity. No good reason. Started with them and stayed with them.

User avatar
Winner
Posts: 621
Joined: Wed Jan 06, 2010 10:40 am

Re: Brokers

Post by Winner »

Etrade - too expensive ($7.99-$9.99 plus $.75 per option contracts), but I started with them for more than a decade and know their tools very well.
“A brave man knows the circumstances and consequences of what he may encounter ahead…..but moves forward anyway.”

User avatar
Jahbulon
Posts: 3901
Joined: Wed Nov 17, 2010 1:22 pm

Re: Brokers

Post by Jahbulon »

I have been with TDAmeritrade forever, but recently transferred over to Scottrade.

The $9.99 per trade to $7 was just too much to turn down.

JayJ
Posts: 300
Joined: Wed Sep 17, 2008 6:47 am

Re: Brokers

Post by JayJ »

TDAmeritrade - by far the best internet interface & research tools (started with them when they were "Waterhouse")

I also use Scottrade for one account

In the past I have used Schwab, Legg Mason (that became Citi/Smith Barney Morgan Stanley), Ferris Baker Watts (that became RBC) and another one that I have forgotten

wrigley615
Posts: 4
Joined: Sun Jan 02, 2011 3:42 pm

Re: Brokers

Post by wrigley615 »

I can compare Etrade and Fidelity and imo, Etrade has much better research tools and better customer service (Fidelity customer service is not bad though). That being said, Fidelity has cheaper commissions thus I do most of my research with my Etrade account and trade with Fidelity. Etrade also added a number of etf's that trade for free, much more than Fidelity offers now. I've heard for high volume traders that TradeKing is the way to go but I don't trade enough that it matters all too much. Like Jay says, I've never heard a bad thing about TD Ameritrade either.

User avatar
phxmrc
Posts: 21
Joined: Thu Jan 14, 2010 12:38 pm

Re: Brokers

Post by phxmrc »

I use Just2Trade. Very basic services but at $2.50 a trade, need I say more?
Following Daily Strategy #116218

User avatar
flight23
Posts: 1342
Joined: Mon Jul 26, 2010 10:47 am

Re: Brokers

Post by flight23 »

I use optionshouse almost exlusively now, ditched Fidelity they were terrible compared to what you get at Optionshouse for traders. Fidelity research info is ok I guess but almost all research is BS... cant trust analysts.
@GlobalCollapse on Twitter
http://twitter.com/#!/GlobalCollapse

User avatar
Jahbulon
Posts: 3901
Joined: Wed Nov 17, 2010 1:22 pm

Re: Brokers

Post by Jahbulon »

http://www.optionhouse.com/promotions/

Options House is offer 100 free trades for new accounts. Trades are only $3.

User avatar
tkdawg
Posts: 5
Joined: Tue Feb 15, 2011 11:39 am

Re: Brokers

Post by tkdawg »

I was with HarrisDirect then Etrade acquired them us I have stayed with them. My wife says don't change because when people ask her who I trade with she can never remember the name but always says the one with the talking baby. I do get fast trades and cust service is always good.

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Fund Prices2022-08-18

FundPriceDayYTD
G $17.00 0.01% 1.56%
F $19.04 0.12% -8.83%
C $65.31 0.24% -9.23%
S $70.24 0.46% -15.82%
I $33.59 -0.29% -14.83%
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