Which Online Stock Broker Should You Use?

★ SUMMARY ★
Who should I pick?
I get this question a lot – people are always trying to figure out what broker I use or what broker they should use. When you’re first learning how to trade, it really doesn’t matter what broker you use. Get something that has good technical data, good news feed, good execution time and good tools available for your use.

When you’re a beginner trader, it will take you some time to evolve your skills and see what kind of trading you really want to focus on. If you end up trading only stocks, there are hundreds of brokers…if you’re trading stocks AND options, there are a lot fewer choices.

Beginners, I recommend you start out with a big standard brokerage company, like a Scott Trade, E-trade, Ameritrade, etc. Get it and immerse yourself so you can develop your skills.

Broker List:
Scottrade: http://scottrade.com
TDAmeritrade: http://tdameritrade.com
Light Speed: http://lightspeed.com
Options House: http://optionshouse.com
Options Express: http://optionsxpress.com
Etrade: http://etrade.com
Trade Station: http://tradestation.com
Fidelity: http://fidelity.com

Posted at: http://tradersfly.com/2013/10/online-stock-broker-use/#more-1068

★ SHARE THIS VIDEO ★

★ SUBSCRIBE TO MY YOUTUBE: ★
http://bit.ly/addtradersfly

★ ABOUT TRADERSFLY ★
TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.

Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better.

Stock trading and investing is a long journey – it doesn’t happen overnight. If you are interested to share some insight or contribute to the community we’d love to have you subscribe and join us!

FREE 15 DAY TRIAL TO THE CRITICAL CHARTS
— http://bit.ly/charts15

GET THE NEWSLETTER
— http://bit.ly/stocknewsletter

STOCK TRADING COURSES:
— http://tradersfly.com/courses/

STOCK TRADING BOOKS:
— http://tradersfly.com/books/

WEBSITES:
— http://rise2learn.com
— http://criticalcharts.com
— http://investinghelpdesk.com
— http://tradersfly.com
— http://backstageincome.com
— http://sashaevdakov.com

SOCIAL MEDIA:
— http://twitter.com/criticalcharts/
— http://facebook.com/criticalcharts/

MY YOUTUBE CHANNELS:
— TradersFly: http://bit.ly/tradersfly
— BackstageIncome: http://bit.ly/backstageincome

source

41 COMMENTS

  1. I hope you can help me with this one Sasha. As I was researching, many of this brokers does not allow opening an account for non U.S. citizens. Do you know some good one that allows or some international one who is verifed and i can rely on? Thank you in advance. Btw great videos.

  2. What if im in the US id love to get a broker that ignores the pattern day trading rule with under 4 thousand to trade? Any help im a complete beginner your advice would mean the world

  3. Most of the traders considered their broker for many kinds of bonus. Bonus is like something motivational and inspirational thing you get from your broker. But it is useless to have more and more bonus which actually doesn’t work. I have got ECNCAPITAL as my broker from whom I get various kinds of bonuses. This broker is regulated trading broker from highly authorized market place and I can use their bonuses without any restrictions.

  4. Hi Sasha just discovered your channel and really like your style! I currently have Merrill Lynch and the commissions are enormous just to trade a stock. So I want to get started in DIY online stock management. I see that the basic choices cost a fraction per trade.

  5. Hey Sasha. Great Video,

    I'm looking to invest in an S&P 500 Index Fund and just keep investing in that fund for the long haul. I am a broke college student lol. Where would you recommend I buy these index funds from? I would need the fund to be no more than $1,000 minimum deposit.

    Thanks!

  6. Thanks for the tips Sasha! You provide vital information to a beginner like me 🙂 Keep up the good work! Do you know what online broker is best for Nikkei 225 or any list of brokers you know for trading in Nikkei 225 stocks? I really need your advice pls. thanks

  7. What if you just want to but about 200 shares of a stock and keep it for a year and sell it. So no other trades or transactions, is it worth the effort to open up an online account or are the fees too high to make any profit that way?

  8. @Sasha Evdakov (TradersFly) Hi there,i'm learning and doing a lot paper trading,my trades doing well atm,1 from 5 is a loss only,i have this broker PLUS500,but i don't know… ,it looks kinda sketchy,they don't take any commissions,they give like 50x buying power,and i'm from Europ so i dont find a good broker atm,and this PLUS500 don't trade these nasdaq,nyse,otcbb stocks.I was trying to registrate to E-Trade but is says only USA,and i'm in France atm.Could help me in anyway?

  9. hi, i got a question! I am located in Spain and I want to start to get involved in Penny stocks market. But I see i will have to pay for not only comission but also exchange fees. Therefore I dont know if i am doing right by getting involved in penny stocks. My idea was starting an account of 500$. Waiting for your advice!

  10. sasha can you please do a video series on strictly charts within thinkorswim. I would guess i'm not the only one who would like to know how to analyze much better. When you left click in thinkorswim all these analyze tools come up and are all over the place. Please help us become chart masters / addicts

LEAVE A REPLY

Please enter your comment!
Please enter your name here