Online stock trading can be a tricky investment unless one is aware of exactly what they are doing. People have always made money with the stock market, but many have also lost their entire savings by playing the market. With the introduction of the internet, people can now do trades at home with their computer. Online stock trading has become a hot option in order to increase one’s wealth. Many different professional trading businesses are on the net, but a few are better known and have a proven track record. This proven record can influence a person to do business with them over others.
One of the best known online stock trading companies that has a proven track record since 1983 is E*TRADE Financial. E*TRADE has a wonderful website that is easy to navigate and offers the option of various trades for fees as low as $6.99 depending on how many stocks a person is going to trade. By using E*TRADE, a person can increase their wealth quickly and easily if they just follow the instructions given by E*TRADE.
Another online stock trading company that is very well known is Scottrade. According to their website, they claim that they are cheaper than E*TRADE. They offer $7 trading for shares on the NYSE, AMEX, NASDAQ, and OTC. However, if a broker is used, that fee jumps to $27. The website of this online stock trading brokerage is much easier to navigate than E*TRADE. Scottrade also offers a multitude of platforms that an investor can trade on if they so desire. The company does have the most branch offices nationwide compared to E*TRADE and Fidelity. Scottrade offers 302 offices that have experienced brokers ready and willing to help with free stock trading information.
Fidelity is another well know online stock trading company that many investors use. As far as value, Fidelity is one of the most expensive houses to use. Their prices range from $19.95 to $8.00. Of course, this all depends on how many trades a person will do in one year. Information on this website is harder to understand if a person is a novice to the internet stock trading scene. One may have to contact customer service in order to set up their first trade. A downfall of this online stock trading website is that an entire page is devoted to “fine print” and that can only mean extra fees for a person investing.
Online stock trading has been a great addition to the worldwide web for many people. However, various people have tried to make money on the web without doing the proper research, and this has lead to a great many losses. Stock trading can be very confusing, and the best way for a novice to try their hand at online stock trading is to use the services provided by a professional such as E*TRADE, Scottrade, or Fidelity. With their guarantee, little money may be lost.