The Motley Fool Discussion Boards

Previous Page

Fool Community Help Desk / Ask A Foolish Question


Subject:  Re: discount brokers Date:  8/12/1999  12:27 AM
Author:  TMFBalder Number:  58701 of 283092

<< At the moment i'm dealing with etrade, but I'm thinking of dealing with scotstrade because trades are cheaper. Weather i go with etrade, amertrade, scottstrade or who ever. I'm concern with the protection of my investments. >>

Hello Eire and Welcome Aboard!

That's a very legitimate concern. Most of these guys carry private insureance in addition to the government mandated SIPC coverage.

However I will tell you that after looking at the lot (including those you mentioned) I passed on all of them and went for the brokerage arm of large mutual fund family. It's true that I pay more per trade but I sleep a whole heck of a lot better too.

All The Foolish Best!
Peter Lincoln
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us