Online Stock Broker Reviews

Picking a good online stock broker very much depends on the type of trader you are.

Are you a confident market trader who really just needs to get your trades executed quickly and easily at the lowest cost or do you require more hand holding? Perhaps you are also looking for investment advice or are interested in more complex transactions like options.

If you intend to make all your own stock trading decisions it’s unlikely you will need a full service broker. The services on offer at the different types of broker may differ so you need to be aware of what you should be looking out for.

To help you we have compiled the online stock broker reviews below so you can decide which best fits your individual needs. We encourage you to look at numerous stock brokers so you’ll be in a better position to make an informed decision.

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OptionsXpress

Average User Rating: (see user reviews):


OptionsXpressWebsite: www.optionsxpress.com
Fees:
From $9.95 / stock trade. Options +$1.25 / contract. No broker assistance fees. Currently offering $100 bonus for new accounts!
Account Minimums: None*
Transfer Fees:
Nil.
Virtual Trading:
Yes
Trading Platform:
Xpress Router trading technology for fast, accurate, competitive price quotes.
Tools / Resources:
Split level training guides covering Options, Futures, Stocks, Bonds, Mutual funds & ETFs
Customer Service:
Recognised by Barron’s, Forbes, Kiplinger’s and Smart Money as one of the world leaders in online stock trading.

See Our Full OptionsXpress Review Here

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Scottrade

Average User Rating: (see user reviews):


ScottradeWebsite: www.scottrade.com
Fees:
$7 / online stock trade. Options +$1.25 / contract. $17 / trade by phone, $27 Broker assisted.
Account Minimums: $500*
Transfer Fees: Up to £100 reimbursement on transfer costs.
Virtual Trading: Yes
Trading Platorm: Website, Mobile & Elite platforms
Tools / Resources: Investment education, know how news and interactive learning
Customer Service: J.D. Power and Associates has ranked Scottrade the ‘Highest in Investor Satisfaction with Self-Directed Services‘.

See Our Full Scottrade Review Here.

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TradeMonster

Average User Rating: (see user reviews):


TradeMonsterWebsite: www.trademonster.com
Fees: $7.50 / stock trade. +$15 for broker assisted. Options minimum $12.50 / contract.
Account Minimums: None*
Transfer Fees: N/a.
Virtual Trading: Yes
Trading Platorm: Extensive and advanced trading strategy and predictive platforms.
Tools / Resources: Excellent training guides for options trading.
Customer Service: Very good.

See Our Full TradeMonster Review Here.

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Updated: November 19, 2013 by admin