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Author: ToSubu Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 46827  
Subject: Safe Online brokerages Date: 10/25/2012 4:00 PM
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Dear List members

Since any investment strategy should ensure safety of principal, having a safe broker is an essential part of the strategy

The broker should also NOT be too expensive , that he makes trades impossible

Could you please share your experiences with various online / discount brokers you know of ... ?

Interactive brokers is one name that springs up, but are there any other ?

RE Hypothecation risk is also often times mentioned, though I can't fathom who is the angel and who's the devil in that game

Of course, all posts / replies are for sharing information only and I *will* do my own due diligence before investing with / opening an acct. with anyone ...


thanks for sharing

regards
Subu
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Author: haywool Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46622 of 46827
Subject: Re: Safe Online brokerages Date: 10/25/2012 7:43 PM
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Hey Subu !

Welcome. At the top of this page, find "How To Invest" ... run your mouse over it ... below that click on "Find a Broker". There are many.

Personally, I use Scottrade and TD Ameritrade

Best,
Rich (haywool)

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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: 46623 of 46827
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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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46624 of 46827
Subject: Re: Safe Online brokerages Date: 10/26/2012 7:03 PM
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The best place to post your question is the Discount Broker discussion board--

http://boards.fool.com/kiplingers-broker-ratings-30321628.as...

They are most up to date on how discount brokers compare. Personally I use Fidelity brokerage services. They claim to be the largest discount broker. No complaints.

As to safety, your investments are insured by SPIC. That does not insure the success of your investment choices, but it does insure against theft of assets from your brokerage account.

Some brokers carry additional insurance. That can be a question to ask.

Reading postings on the Discount Brokers board will probably remind you of questions you haven't asked yet.

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Author: ToSubu Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46625 of 46827
Subject: Re: Safe Online brokerages Date: 10/30/2012 3:46 AM
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Thanks a ton pauleckler and all those who replied

As pauleckler said, I shall check the other list



Regards
Subu

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Author: hondodog Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 46626 of 46827
Subject: Re: Safe Online brokerages Date: 10/30/2012 2:07 PM
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i will chime in and agree with Cog on Schwab...

while they are not the cheapest $8.95/trade this is the same price for market or limit orders....

commission free Schwab ETFs (others $8.95)
several commission free mutual funds
commission free Global Trading desk (until March) (have not tried this feature)

i don't trade warrants, options, etc, but i understand they are also quite affordable....

while they are principally online, they have a human presence, in many cities, and solid telephone service, and have been very helpful to me, well trained, and effective.

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