Opening an online trading account is easy, picking the right online trading company might be not as easy. There are mainly eTrade, Ameritade, Scottrade and TradeKing.
Each company has it's advantages. Some are nice, some sound good and some are very expensive. The most expensive company is not necessarily the best for everyone. If you want to save an average of 45% in stock trading commissions, and 32% in option trading commissions, then TradeKing is probably your best bet.
At TradeKing, you'll pay just $4.95 per trade, plus 65 cents per option contract† - even for broker-assisted trades. Regardless of how large or small your account, or how frequent you trade, you will be charged the same price, with no hidden fees.
SmartMoney reviewed them and came to this conclusion:"One firm managed to earn five stars for best overall service: TradeKing ... Live chat worked without a hitch, our e-mails got answered in a speedy average of five minutes, and a phone rep even called us back to clarify his response to one of our questions. Now that's service."
If you like to trade options, another alternative is OptionExpress. They specialize in options trading. Consumers can find new investment opportunities with more than 40 free research and trading tools.
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