Stock Brokerage Reviews » active traders

SOGOTRADE Review – Low Discount Broker

ashivapu — Tue, 15 Sep 2009 06:29:14 +0000

At its best SOGOTRADE is a stripped down version of all the core resources and tools you need to properly trade stocks. There are no bells and whistles here; however, you’re rewarded with extremely cheap commissions.

Besides the cheap trade commissions, most people seem to be raving about the overall interface involved with their web service and helpful customer service. A clean organized interface helps you easily conduct trades, while minimizing the time needed.

Deals and Offers

SOGOTRADE will cover up to $100 worth of fees if you want to transfer your account to them.
Open your account with a minimum of $500 and get 30 free trades.
Open account with minimum of $2500 and get free 1 year subscription to McAfee Virus Scan.
Get 25 free trades when you refer a friend.

Stock Brokerage Details

Commissions: Stocks $3 per trade; Options $3 plus $0.70 per contract.

Account Minimums: $0 and no inactivity fees ($500 initial deposit required)

Overall, SOGOTRADE is still a brokerage that needs to grow and expand some more. The tools and resources available don’t really enhance the trading experience; however, the cheap commissions and amazing deals makes it a great option for cheap online stock trading.

Best Stock Brokerage For Active Traders

ashivapu — Wed, 19 Aug 2009 06:21:46 +0000

While there are various classifications for what makes somebody an active trader, for this purpose, we are considering traders who execute multiple trades in a week. The deciding factor for most active traders is how low are the commissions.

Active traders are looking to quickly enter and exit stocks, obviously the higher the commissions, the longer they might have to hold on to make the trade worth playing. The following stock brokerages have been considered best for active traders because of their low commissions and ability to get security prices at low values. Also, check out how to lower your commissions with your current brokerage.

The following is a chart of the best online discount stock brokerages for active stock traders.

Broker	Commissions (stocks/options)	Acct. Minimum	Best For
OptionsHouse	$2.95 / $9.95	$1000	Everybody
MB Trading	Direct: $.01 per share for first 500 shares and $.005 per share for unlimited additional shares ($1 min) Smart: $4.95 for up to 10,000 shares and $.005 for additional.	$1000	Active Traders
Interactive Brokers	varies/cheap	$10,000	Active Traders
SOGOTRADE	$3/$3+0.70 per contract.	$500	Cheap Trades

Check out a complete list of our stock brokerage reviews.

Want to take your trading to the next level? Learn how to use technical analysis to accurately predict price movement.

Zecco Review – Free Online Stock Trading

ashivapu — Fri, 14 Aug 2009 03:26:25 +0000

While Zecco has been on the scene for just a couple of years, their initial 100% free stock trading basically changed the entire game for all online stock brokerages and has drastically lowered the barrier for more people to enter the stock market.

Understandably, as Zecco started to grow and increase its members count, the 100% free online trading is not what it truly used to be. Now members are eligible to get 10 free trades per month as long as they maintain a balance of $25,000 or execute 25 trades in a month. Any other trade is still reasonably low compared to other stock brokerages at $4.95 per trade.

All that being said, Zecco still has room to improve when it comes to the tools and applications that it provides; however, you need to weigh whether you would rather have the cheap commissions or more sophisticated tools.

Talk to other members. Thanks to ZeccoShare now members can discuss and share trading ideas with each other for free. Have a question? Post it on the message boards.

Now trade Forex. Just recently Zecco launched their new Forex service along with a virtual platform to practice Forex trading without risking any money.

Stock Brokerage Details

Commissions: Stocks $4.50 flat-rate; Options $4.50 plus .50 per contract

Account Minimums: $0

Overall, what Zecco lacks in available tools and resources makes up for in the extremely cheap trading commissions. Whether you are a new trader or just somebody looking to cut down on commissions cost, Zecco is worth giving it a try.

Interactive Brokers Review – The Ultimate Stock Brokerage

ashivapu — Thu, 13 Aug 2009 22:24:40 +0000

First off, if you are not an experienced and active trader and not trading over $10,000, then check out other stock brokerage reviews. Only the real traders come to play at Interactive Brokers.

Interactive Brokers is home to many professional and institutional brokers. With this stock brokerage, you can trade stocks, options, futures, FOREX, bonds, funds, and foreign markets.

What makes Interactive Brokers enticing is their extremely low commissions. Because the company does everything in house they are able to carry that over to their low prices. That being said, low prices also equals not the best customer support and tools. Again, that is why Interactive Brokers is really a good solution for just experienced traders.

Trading platform can be tested before signing up.

Stock Brokerage Details

Commissions: Because most IB users are trading larger volumes, commission structure varies. See chart here.

Account Minimums: $10,000. 21 or younger is $3,000

Fees: Interactive Brokers does want its users to perform a certain amount of trades per month. Failure to do so results in inactivity fees. See detailed chart here.

Overall, Interactive Brokers is good for only those traders that are experienced, do not need much support or tools, and able to really trade over $10,000. While it seems like a lot of requirements, traders that are able to meet them will experience extremely low commissions for the volume traded.

Experience institutional-type commissions and access when you sign up with Interactive Brokers.

MB Trading Review – Voted Best For Active Traders

ashivapu — Thu, 13 Aug 2009 20:43:01 +0000

Recently rated 4.5 stars out of 5 by Barron’s Online Broker Survey, MB Trading was also voted best in 2009 for active traders.

Unlike brokerages such as E*Trade and TD Ameritrade, MB Trading is more of a pure trading brokerage, with the ability to trade stocks, futures, options, and forex, that makes it a great solution for actives traders.

Tools that cover any type of platform. What was once their weakness, MB Trading has gained several awards on their variety of trading applications which include, a streaming platform, PC-based platform, and mobile application for the BlackBerry.

Stock Brokerage Details

Commissions: Stocks $0.005 per share or $4.95 flat rate; Options $0.95 per contract; Futures $0.95 per contract; Forex $0.50 per $10,000 traded

Account Minimums: $1000

Overall, MB Trading offers competitive commission fees to entice most active traders and tools to satisfy the self-directed trader; however, if you are a fairly new trader or non-active trader, then you might consider another option.

Experience cheap commissions when you sign up for a MB Trading account.