Which is the best online broker for a teen investor??
Which is the best online broker for a teen investor??"Best" is pretty subjective, so I don't know if there is really one that is universally considered the best. In my last post I mentioned Scottrade and Zecco being two online brokerages worth looking at. Look back at the post here:http://boards.fool.com/hey-mininick-its-awesome-to-see-anoth...I hope this helps,Aaron
I agree with Aaron, and I would add TD Ameritrade ($10 commission I believe) as an option as well. Those three have some of the lowest commissions out there, and commissions make a big difference when you're first starting out and investing relatively small sums of money at a time. I personally use Scottrade and have been very satisfied. They finally released an iPhone app a few weeks ago in case that factors into your decision at all. Good luck, and keep asking questions! It's one of the best ways to learn.Best,Jordan
If you are looking for a no frills - no assistance type then Firstrade and Scottrade are worth looking. If you need advise and help along the way then Fidelity and Schwab seem to be good options.
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