What is the best online stock trader for a beginner in the stock market?
I am 14 and I want to begin investing in the stock market. What is the best one for a beginner?? Scot trade, E*trade or any other good ones that are well known and trusted. btw I know that I am underaged, my mom will open the account. Thanks I will, but I don't know if my mom has a broker.
Public Comments
- scott trade is your best bet for your money, Etrade is OK too, they are both about the same.
- Hey man im in the same position as you are. My parents let me use their broker and use their account. Whatever money i make they let me keep but i dont have to pay for a startup fee. You should check that.
- I have accounts with E-Trade, TD-Ameritrade and Banc of America (Bank of America's online brokerage). They are all good. E-Trade is the most user-friendly and helpful. TD-Ameritrade has research that I like. Banc of America has been the CHEAPEST so far for me. They don't really have a set commission schedule it seems. Sometimes I'm charged $9.99 for a trade, and sometimes it's only $6 or $3. I never know. All of them are good, and I'm glad you want to trade so young. I started when I was 14 as well, and it's really so addictive! I've worked in the industry now for several years, and I wouldn't want to do anything else.
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