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Scottrade or TD Ameritrade for beginners?

November 2nd, 2010 | | Tags: , , | 4 Comments | |

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I’m pretty new to investing, I’m 19. I am planning on buying up to 00, most likely it will be 0.I found it on some site that starts with "penny" so I think it’s a "penny-stock".

I don’t have a ton of so which company is the best for me which in least expensive, and which company is the easiest to work with and best "deal"?

I’ll take any good advice too.

Thanks.
Or are there even better one that are well known for beginners?

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4 Responses to “Scottrade or TD Ameritrade for beginners?”

  1. Common Sense Says:

    E-Trade is mediocre at best.
    TD Ameritrade is better than Scottrade. Scottrade is cheaper… but not great for new traders.
    Schwab or Fidelity are best for new traders.

    TradeKing is good, better pricing… but far from the cheapest.

    Read:
    http://webreprints.djreprints.com/2390280139740.pdf#view=fitV,100

  2. msc Says:

    Scottrade has the lowest commissions, and good service. I personally like E-Trade also.

  3. Gabe Says:

    im about your age, and started with the samae amount of money, i used ameritrade, even though the comissions were 3 dollars higher than scottrade, but mainly its which one you feel comfortably with

  4. Kenny Says:

    TradeKing at $4.95 is about as cheap as you will get in the US.

    No minimums for opening a standard account and no inactivity fees so there is no pressure put on you to enter a trade within a certain period of time.

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