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Author: Rayvt Big gold star, 5000 posts Top Favorite Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 254106  
Subject: Re: Online Broker of Choice Date: 3/25/2013 11:59 AM
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IB is not good for a small or beginning investor. A few cents per share, but $1 min per trade and $10 min per month. Their trading platform is the opposite of simple to use.

OH is fine. They are geared for options, but do stocks just fine.

J2T is fine. Worst thing I've encountered is that inan IRA you can't use proceeds from a sale to buy until 3 days later. Everyplace else lets you buy the same day, you just better not sell what you bought within 3 days.

I have multiple accounts at each of these.

I've heard lots of bad customer service reviews [of various brokers]
Me too. But most of them are stupes complaining about penny stocks. Or newbies being a P.I.T.A. to the broker. The way they have commissions so low is that they automate everything and don't have a lot of people to hand-hold inexperienced people. When BrownCo was still around, they refused to take accounts unless you had 5 years experience.

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25 trades a year is WAY too much trading for account sizes of $4K and $16K. You need to re-think what you're doing.

For 4K, I'd just put it in something like FCNTX until it grows larger
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