How Much Does It Cost To Open A Broker Account
Online trading is getting really popular these days. Because most people love convenience, they prefer to do their trading transactions at the comfort of their own home. This is made possible through electronic trading system, where investors can sell or buy stocks online even without going to the exchange floor of the stock market just as before. All they need is a set of computer with internet connection, and they also need to open an account with an online broker. Because there are several online brokers available today, finding the one that would best meet an investor’s needs is made easier.
There are plenty of advantages for opening an online brokerage account. Aside from the fact that investors can enjoy convenience and more free time, they can also save a lot of money because most online brokers charge lesser amount of transaction fees compared to full service brokers. It is important to ask how much does it cost to open a broker account with particular brokerage firms before choosing to hire one.
Choosing a broker that is reliable when it comes to customer service and offers various trading tools is an advantage. If you are wondering how to open a brokers account, you can search the internet for a variety of brokerage firm available. There are several cheapest online brokers available such as Zecco and TradeKing.
TradeKing is one of the most preferred online brokers by various online stock investors. If you are the kind of person who want to learn from the pros and to connect with your fellow traders, then TradeKing is right for you. TradeKing offers access to their network facility as soon as you open an account with them. Through this, traders get a chance to interact with their fellow investors, share investing ideas and techniques, and eventually learn from the experiences of one another.
When it comes to price, TradeKing is among the online discount brokers which offer the cheapest transaction fees. Their fair and simple pricing is also one of the reasons why they are famous among online traders. They charge $4.95 for stock and ETF trades, and $4.95 plus $0.65 per contract when trading options. In addition to this, TradeKing is also popular for giving the best customer service to their clients. In fact, TradeKing caters to the needs of their customers with a sense of urgency as they offer short hold times, quick email responses, and they are even for instant online chat.
OptionsHouse: Another Recommended Online Broker
When it comes to the best trading tools, OptionsHouse comes first on the list as well. They offer free access to a comprehensive suit of trading tools such as streaming real-time quotes, interactive advanced charting, sophisticated stock and options screeners, options strategy builder, and custom stock and market alerts. With OptionsHouse, you can trade up and pay less. They charge reasonable fees as well, and at $3.95 per trade – one of the lowest prices around.
OptionsHouse also offers great and responsive customer service. They make sure to make themselves available to assist customers via phone, email, or chat.