By admin, on February 4th, 2012%
Question by John S: Has anyone recently opened an online brokerage account? What did you need for it?
When I opened up my etrade account 1.5 years ago, they didn’t ask for any additional requirements. However, every other online brokerage I attempt to join asks me for my social security card and government ID. Has anyone else been required to do this?
Best answer:
Answer by JackE*trade also asked for it. You probably just don’t remember. The Patriot Actriot Act required them (and still does) to get this info from you.
You will not be able to . . . → Read More: Has anyone recently opened an online brokerage account? What did you need for it?
By admin, on January 25th, 2012%
Question by yee haw: Do some online brokerage firms not let you set a stop loss order?
I noticed the only orders it seems you can make on this online brokerage firm are: market,limit,stop market,stop limit,trailing stop market and, trailing stop limit orders. But for some reason I didn’t see a stop loss order option.
Best answer:
Answer by Trade While You GolfThe stop market and stop limit are both stop loss orders.
The difference between the two is that in the first case, when the stop loss price is hit, the order becomes a market order -> your position is . . . → Read More: Do some online brokerage firms not let you set a stop loss order?
By admin, on January 15th, 2012%
Question by Skooby: Best online brokerage for someone with small amounts of money?
Also, for someone that won’t be an active trader. I’m gonna be a buy and hold type. Not every week or even every month. I’m going to save up about a 1,000 or so dollars every 3 months then purchase an EFT.
Which online brokerage would be best to do this with?
Best answer:
Answer by heyteachScottrade works for me. It’s $ 500 to open an account. No maintenance fees. Trades are $ 7 market or limit order. Been with them for years.
Give . . . → Read More: Best online brokerage for someone with small amounts of money?
By admin, on November 27th, 2011%
Question by ellerkampbrian: How to manage your own portfolio online without allowing brokerage fees to take too much of your money?
I recently decided to try and take control of my own portfolio and open an online brokerage account. I would like to take at least 20 positions, but that would mean at least 199 dollars in brokerage fees alone. Since I have only about 1000 dollars per month available to invest, how can I diversify without spending close to 20% on brokerage fees alone? I also invest in mutual funds, but I want to . . . → Read More: How to manage your own portfolio online without allowing brokerage fees to take too much of your money?
By admin, on September 13th, 2011%
The Differences Between Online Brokerages and Investment Advisory Services
When initiates delve into the deep, turbulent waters of the investment world, knowing just enough to cause problems often does just that. Even experienced investors can lose a fortune in moments. Choosing the right level of broker involvement-investment advisory services or online brokerage services -will give you a better chance of success.
Investment Advisory Services
The umbrella category of investment advisory services can encompass those of an online brokerage, but the key word is advisory. You can opt to allow the broker to manage your . . . → Read More: The Differences Between Online Brokerages and Investment Advisory Services
By admin, on July 28th, 2011%
Question by Madtrix: What is the best online brokerage for day trading?
I am thinking about doing some day trading this summer instead of finding a summer job. Does anyone have tips on what brokerages are good and any other advice.
Best answer:
Answer by Snowflakego to sharebuilder.com they have great stock advice and tips, and not only that they have links to other sites as well for investing………..and never forget the S&P 500!
Add your own answer in . . . → Read More: What is the best online brokerage for day trading?
By admin, on July 22nd, 2011%
Question by kubilai: How long does it take an online brokerage to execute share changes after a merger?
I owned shares of an NYSE-traded security that executed a merger on Friday eliminating the security and issuing fractional amounts of the new security. But my shares are still in limbo because my online brokerage hasn’t converted them to the new security yet. How long does this generally take?
Best answer:
Answer by dashel_gabelliIt’s not always the brokerage – mergers, acquisitions and the such need the work of the transfer agent who will physically take the old shares and issue new ones. . . . → Read More: How long does it take an online brokerage to execute share changes after a merger?
By admin, on June 17th, 2011%
Question by N S: What is the best online brokerage option for a beginning investor?
I am 19 and just starting out and wondering which online brokerage to use. Ameritrade? Scottrade? E Trade? ING? What’s the best for a beginner?
Best answer:
Answer by Stockwillrisewww.optionsxpress.com
Do u have experience making money in the stock market?
Give your answer to this . . . → Read More: What is the best online brokerage option for a beginning investor?
By admin, on June 1st, 2011%
Question by Lucy: what’s the difference between online real estate brokerage and traditional brokerage?
Online real estate brokerage: Myfavoriteagent.com; Shore Capital Corporation, etc
Traditional real estate brokerage: Century 21, Keller Williams, etc
1) Which one is better for new agent?
2) How do the online brokerages get customers given their name is not even well-known?
3) Do you know which brokerage doesn’t charge desk fees, monthly fees, etc?
Best answer:
Answer by godgedEvery brokerage has their own set of rules, fees, compensation packages, etc.. Doesn’t matter whose name is on the door, they are all independantly owned and operated. With myfavoriteagent you . . . → Read More: what’s the difference between online real estate brokerage and traditional brokerage?
By admin, on May 31st, 2011%
Question by aaron_3719: what is a good online brokerage to put my money towards Mutual funds?
I’m looking to expand my investment but also have some kind of liquidity and i think mutual fund is the best option. I’m not looking for anything long term. What are some good online brokerages do you guys recommend?
Best answer:
Answer by JestepIf you’re not looking for long term, then don’t invest, just keep it in a savings account or CD. Nothing is safe for the short term.
Know better? Leave your own answer in . . . → Read More: what is a good online brokerage to put my money towards Mutual funds?
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