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Which is the best online stock broker?

Discussion in 'BlackHat Lounge' started by BlackSeng, Dec 6, 2010.

  1. BlackSeng

    BlackSeng Jr. VIP Jr. VIP

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    I just hit 21 yesterday :p So I want to start an investment account - as planned since I was young.

    And yes, I have knowledge in stocks, but I need experience. Of course, I will play small only.

    So anyone knows of a good online stock broker?
    I'm looking for an online broker that supports options and penny stock trading.
    I'm eyeing on Tradeking.

    Any other suggestion or reviews?

    P.S: I'm living in Singapore (Asia) if geographical location is an issue.
     
  2. BlackSeng

    BlackSeng Jr. VIP Jr. VIP

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    Ah crap, nvm... I can't start a tradeking account in my country.
     
  3. kiloh

    kiloh Junior Member

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    I've used both Scottrade and tdameritrade for the past 6 years. Both have low commissions and you can trade penny stocks, never had a problem with either of them.
     
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  4. m0rph

    m0rph Newbie

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    Do you have any qualifications that would enable you to pick better stocks than the market average? Do you have ANY idea of the fees you're paying to pick your own stocks?

    If you don't I'd suggest just opening an account with Vanguard for one of their Index funds. Or one of the many others who offer index funds.

    Google for "best investment advice you'll never get" and read about what they advised Google Employees about to become millionaires on how to invest their money.
     
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  5. whiteninja

    whiteninja Regular Member

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    Invest in gold, silver, and copper. Leave the stock market alone right now, only the insider traders are making any real money off that right now. Sure, you might have some good trades but it will even out or you'll even lose money in the long run. But if your really determined just go with scottrade.
     
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  6. mark0v

    mark0v Junior Member

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  7. Apprentice

    Apprentice Newbie

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    Hi Blackseng,

    from SIngapore here as well.

    you can try Etrade. they have office in SIngapore
    19.99 USD per trade, definitely much better than local brokers.
     
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  8. alexandraM

    alexandraM Junior Member

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    if you trade currency, you can make all the money you need just from trading one currency pair. There are many broker to choose from that also offer metals, cfd's, oil, and more. All that AND 24 hour trading 5 days a week.
     
  9. BlackSeng

    BlackSeng Jr. VIP Jr. VIP

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    Whoa oh, currency is a nono for me.
    I know it's profitable, but it's very risky.

    But of course, the higher the risk of an investment, the higher the profit/payout yield.

    But Forex is simply tooooooooooooo risky. I've seen the volatility... it's simply retarded.

    Thanks for the recommendation, though.
     
  10. eloquenceeee

    eloquenceeee Regular Member

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    I myself don't really dabble in the stock market yet. However, my parents use Scottrade. They used to use Etrade but switched.
     
  11. alexandraM

    alexandraM Junior Member

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    if you risk 2% on a stock trade and 2% on a currency trade, what makes 1 more risky than the other? Either way you have to use your rules for entry and exiting. And the Eur/Usd is not a volatile pair
     
  12. PitchBlack*

    PitchBlack* Junior Member

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    $19.99 is absolutely outrageous for a single trade. IF this is infact how much etrade charges, stay away.

    I personally use Questrade. As low as $4.95 on stock trades. You should look into if they offer service in your country.

    But Take a look at the following: http: //www.optionshouse . com, Fraserdirect. com. sg and interactivebrokers. they are best I can find in terms of what you are looking for.

    Goodluck trading.
     
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  13. dertixo

    dertixo Newbie

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    TDAmeritrade and Options house for futures Global Futures
     
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