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Author: TMFCogitarius Big gold star, 5000 posts Old School Fool Home Fool Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 46856  
Subject: Re: Safe Online brokerages Date: 10/26/2012 12:28 AM
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Hi Subu - 'risk' is a very subjective issue in any such selection. For example, by paying unusually low fees to any corporate entity for its services, you're automatically taking on the risk of (a) it not surviving for very long (b) facing high future fees to help it survive (c) your identity and/or assets being used to help it stay afloat.

Swings and roundabouts :)

One way of checking out a broker's 'safety' as a going concern is to see how it fared during the 2008 meltdown. ETrade, for instance, was in dire straits.

In terms of safety of your assets, my experience with Schwab has been that they're extremely safety conscious in authorizing any transactions. Painful sometimes, but intended for your own peace of mind.

I'd strongly recommend them to any one as a safe bet.
MDP Home Fool
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