What is the BEST online broker site for newbies?

Discussion in 'Online Brokers' started by LuckyGirl08, Sep 22, 2014.

  1. LuckyGirl08

    LuckyGirl08 Guest

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    I am a newbie with the whole stock thing. I would like to know what is the best online broker site for new people like me. I am trying to get as much information as I can before I make any decision on where to invest my money. Any and all advice will be helpful for me.
     
  2. pumbata

    pumbata Guest

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    After doing research on my own a few years ago I personally decided to go with TD Ameritrade. TD Ameritrade offers brokerage accounts with attractive basic qualities to newbies and people looking to open trading accounts without extremely high minimum initial deposits.
    Some of the benefits of TD Ameritrade include:
    -Mobile Phone App
    -No Minimum Opening Amount
    -Flat rate $9.99 trading fees on Stocks, Indexs, etc.
    -Access to Mutual Funds, ETFs,
    -Access to Commission-Free ETFs
    -Free and Easy Dividend Reinvestment on many stocks, funds, etc.
    -Great research tools including stock and mutual fund screeners.
     
  3. troutski

    troutski Guest

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    I'd go with TradeKing. You get tons of investing resources, no minimum balance requirements, and $4.95 trading fees for buy and sell orders. The company allows you to manage your investments with ease, including dividend reinvestment. TradeKing offers a decent smartphone app to manage everything, and I'd give them a four out of five rating for investors of all experience levels.
     
  4. dianethare

    dianethare Senior Investor

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    Thank you LuckyGirl08 for asking the question, i have also gained something of importance from this well of wisdom, am grateful :).
     
  5. Rosyrain

    Rosyrain Senior Investor

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    I just signed up with an account for TD Ameritrade, but have not had a chance to really play with it yet. I am very new as well and it seemed easy enough.
     
  6. GenevB

    GenevB New Member

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    Hey everyone, I'm also new to this kind of stuff and I'm looking into the best online broker site for newbies, I think I shall go with TradeKing, from what I've read so far this is the best website out there. I will keep you updated.
     
  7. teastocks

    teastocks Well-Known Member

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    Hello this is something that I have been looking into as well because I see that there are a lot of people who get scammed so I am just hoping that taking my time will allow me to choose the right one for me.
     
  8. Profit5500

    Profit5500 Senior Investor

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    I guess TD Ameritrade I do not use it. I never traded stocks so I might check that site out. If they are not having a minimum investment to use then that would be better to go with so won't have to risk too much.
     
  9. cameronpalte

    cameronpalte Well-Known Member

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    I would plan on starting with Scottrade - TD Ameritrade is good but Scottrade requires less money & also is cheaper to trade.
     
  10. eagletal88

    eagletal88 Guest

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    I am using Fidelity currently. I don't believe it is the most beginner friendly because of the high initial deposit for traditional/Roth IRA accounts, ($2,500). Commission costs are on the higher end, ($7.95 per trade). But overall, I am happy using them for an online brokerage. I am curious about the phone app, Robinhood. I need to do more research on that.
     

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