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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.
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No. of Recommendations: 0
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<< 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
TMF BALDer
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