Online Stock Trading Software

Stock trading question?

Is there an online site that I can trade stock for less than “$9.99 per trade” that most company’s have? I don’t need all of their software or other things that are included with the price you pay per trade, just a place to make orders and have them done quickly.

Yes, there are several places. At Scottrade, you can trade for $7, and it has a minimum deposit of $500. However, there are cheaper places. Two good ones to check out are SogoInvest.com and Zecco.com. At SogoInvest.com, the commissions are up to $3 per trade (there are other packages which are cheaper but might have a subscription fee) and the first 90 days are just $1 (the $3-per-trade package has no other subsciption fees). At Zecco.com, you can trade for FREE. You get up to 10 trades per day, up to 40 per month for free. If you exceed that, it’s $3.50 per additional trade. However, you need $2,500 to open an account (IRA’s don’t have a minimum). If you don’t have that much and won’t be opening an IRA, go with SogoInvest.

PS: I have used Scottrade and Zecco. My girlfriend uses SogoInvest. I am familiar with all three and they are pretty similar and have fast executions.

Day Trading Online Stock Market Technical Analysis 6-17-2009

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