What is the best way to go about buying and selling stocks?
I'm about to set up an account through USAA, but I was wondering if there was a better place to trade through. Like maybe Etrades or something. USAA will give me 25 free trades for signing up with them too.
- Anonymous1 decade agoFavorite Answer
On the USAA website under item #1 (second paragraph) it says that the free trade offer expired on 12-31-2008.
The standard commission rate (the "GOLD" commission level) is $11.95 with online statements ($13.95 for paper statements).
The "PLATINUM" commission level requires that you make 25 or more trades/90 days or 16 or more trades/90 days and have $50,000.00 in assets to get the lower commission rate.
Consider Sharebuilder or Scottrade.
You could enroll in the Sharebuilder "BASIC" automatic investment plan.
NO account minimum requirement.
NO subscription fee for the "BASIC" plan.
$4.00 commission charge using the plan.
Using the plan you can buy stock any Tuesday that the market is open.
Note: For real time online trading the commission charge is $9.95.
NO account maintenance, service, or inactivity fees.
Tutorial and webcast available to customers.
Excellent trading platforms (very user friendly).
Excellent customer service (398 Branch offices nationwide).
$500.00 minimum to open an account.
$7.00 online trading commission for stock over $1.00 a share.
- Anonymous3 years ago
1Source(s): Auto Binary Signals http://netint.info/AdvancedTradingTechnology
- 1 decade ago
Like the previous answer, Scottrade is good. My friends and I use Scottrade.
If you do decide to open with Scottrade, use this referral code "EJVR8926". So you and I can get 3 free trades.
- 1 decade ago
at tradeking you can trade for $4.95/trade. you also don't have to have a minimum balance.