Stock Brokers

[Dzielak51]

This is to see what the majority of us traders use for brokers.  This can help newbies out when deciding what broker to go with.

Please reply after voting stating what broker you have and rate it 1-5 with 1 being Unsatisfied and 5 being Satisfied.

[Dzielak51]

I use Scottrade and I give them a 4

[Matt]

Scottrade 4

[boomer]

This is to see what the majority of us traders use for brokers.  This can help newbies out when deciding what broker to go with.

Please reply after voting stating what broker you have and rate it 1-5 with 1 being Unsatisfied and 5 being Satisfied.

Scottrade 3.5

[Allen]

Scottrade

4

[HappyAlien]

I use scottrade cause that's who I've been with for a long time and I like their screener, they get a 4, would have got a 5, but there are some penny stocks that you have to call them to trade, and they charge higher fees on pennies.

I use ZECCO for pennies and they get a 3.5 due to a rather cumbersome website, having to log in constantly, and you have to pay 20 bucks extra per month for a screener. However, they have very fast execution speeds and flat fee of $4.50 no matter what. And you get 10 free trades a month if you have 2500 in the account.

Using Scottrade and Zecco TOGETHER gets a 5. IMO they complement each other. I use scottrade's screener for all the stocks, but only trade pennies on Zecco for lower fees and fast execution.

Hope this helps

[Stretcher75]

Scottrade 4

[Dr PennyStock]

TDAmeritrade 5, I will soon open an account with Zecco to try them also.

[jotuk6771]

Zecco 4

[cheffrey85]

Think or Swim - 4

[Shali]

I use Scottrade Elite, which is decent for day trading. Although, Scottrade uses a market maker so there's a middleman involved, and I've been told by professional traders that they're "notorious for screwing their customers." Serious day traders may want to consider TradeStation, which is Direct Access Trading with a superior platform.

I opened an account with Zecco because it was costing me, at times, $100 per trade at Scottrade for a penny stock. The flat, cheap rate is great. In March, however, they're discontinuing the 10 free trades per month unless you have $25K or make a  minimum number of trades (I think it's 30). The website is cumbersome, as alexaco stated, because you have to keep logging back in. And if you're in a hurry, it can be frustrating. You may also have to wait for a while to speak to customer service if the website is down (this happened once). But the trades are executed quickly and I think they might actually be direct access (no mm's).

The two sites do complement each other well.

[delt01]

TD Ameritrade. 4

I just started with it and like it so far.  I haven't dug enough into it as much as I should have to this point but will soon. I need to check into differing fees for penny stocks because one time it seemed like it was higher then the other day I sold some and it seemed normal. ??

[Dr PennyStock]

I don't understand what you are saying, but, with TDAmeritrade, all orders are $9.99 flat, independently of the number of shares you trade, you pay $18.88 for a round trip.

[Homefree]

zecco  4

[sherwood]

zecco    4