No. of Recommendations: 0
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
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.