Loyal3 Brokerage (No Fees), especially good for beginners.

Discussion in 'Online Brokers' started by troutski, Jul 18, 2014.

  1. troutski

    troutski Guest

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    Loyal3 offers no-fee trades, which includes buying and selling. The company even offers IPOs with certain balance requirements, but otherwise no minimum balance exists. This particular broker is best for beginners because your investments are limited to $2,500 or less per month. However, you can invest as little as $10.00 into a stock for free. Companies like Amazon, Apple, Google, Pepsico, and a few dozen others are available for trade. You can invest by bank transfer, debit, or credit card.

    For beginners, I think it's unbeatable. For veterans, it's probably not the best option. The no-fee structure is great for investors in general, though.
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    How do they make their money if they don't charge fees for transactions?
     
  3. troutski

    troutski Guest

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    You know, I actually have no idea. It's a legitimate broker, though. I've been using them for about 10 months with some great results. Trades aren't executed in real time, though. They use batch orders every day, so that's a downside for serious investors. Casual investors won't care as much. I'm more than happy to profit from their free trades!
     
  4. jondjacob

    jondjacob Well-Known Member

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    Okay, I listened to the video on the site (because it sounded too good to be true), and what the gentleman speaking said actually made a bit of sense.

    http://bcove.me/q608poxs

    They don't charge investors because they are actually charging the companies who are offering the stocks for the service of getting investors to invest in these companies. Interesting idea, and I'm intrigued by the thought of getting no cost trades in, but they don't buy in real time - so your purchase price etc could fluctuate from what you might place it at.
     
  5. troutski

    troutski Guest

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    If you're looking for longer term gains rather than selling short, then Loyal3 works perfectly, especially if you're not investing tons of money. It works for me, although I obviously can't invest in a stock they don't currently offer purchases for. I let Tradeking handle all of the other stocks. The ability to purchase with a credit or debit card is useful, tool, although I don't use credit to purchase stock.
     
  6. komodo

    komodo Member

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    Presumably if they don't charge trading fees, they make money by taking a wider spread, i.e. they give clients a worse price than a normal broker would. Since they're appealing to beginners and not even executing in real time this is easy to to - they can simply say they were unable to obtain the best market price if anyone questions the pricing. There's no such thing as a free lunch!
     
  7. dariel2323

    dariel2323 Well-Known Member

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    The page has good deals. I liked it and I'll be going to analyze it, then comment. I had never heard of this site. Look for information on other sites, I always do that before testing. Thank you for submitting the site.
     
  8. crimsonghost747

    crimsonghost747 Senior Investor

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    There is no such thing as "charging the companies to get people investing in them" No company that is already listed on the stock exchange would pay just to have a tiny broker allowing their clients to sell their shares.

    A company has to get money somehow, to upkeep their services and to pay their employees etc.
    Also buying them in batch at the end of the day... so yeah easy for them to say that "yeah we bought it for $11.50 at 11am when in reality they got it for $11.40 at another time.

    No thanks.
     
  9. Parassd

    Parassd Active Member

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    This is great, assuming it is true. Doesn't matter if they buy in real time, investors who want to earn money in the long run would be happy to get profits out of this opportunity. My question is who can trade? And in which market? I'm from India, I'd rather not go through the headache of opening a demat account and contacting a brokerage firm and hire a broker and stuff like that, I wanna know whether investing here is simple or not and is it available for people around the globe?
     
  10. dianethare

    dianethare Senior Investor

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    Should i or not check this site out?...i'll go with your word troutski...do my research then give feedback later.
     

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