Best place to invest online?

Water Cooler Investing
#1

Lowest fees/ ease of use/ safe/ intuitive etc

Which is the best route to go?

#2

No one knows. This is one of the great mysteries of our time.

#3

I use Scottrade is 7/trade.

#4

i heard good things about IB if you stick with equities

#5

I use IB. It’s pretty good. They are not the cheapest but they have deep borrow in small and microcap names. Someone like Fidelity probably gets better fills but it’s a bitch to trade through them for sub $5 shorts. Just depends on what he / she wants to do, it varies considerably by broker (or at least way more than you would expect for what seems like a commodity service).

#6

If you are doing infrequent trades, Scottrade or the like with $5/7 commissions is fine. I have my Roth IRA with Scottrade and like it. My personal account is with IB because I love the $1 commissions. Makes it a lot easier to DCA into things, or take small positions without fees being bothersome. Downside is there is a minimum monthly charge if you don’t generate enough in commissions.

#7

Thanks.Yeah, I’d probably be pretty infrequent

#8

online brokerages that charge more than 2 dollars per trades are ripoffs btw.

#9

http://www.stocktradingtogo.com/compare-online-brokers/

You’re welcome.

#10

perfect. Thanks

#11

Those commissions are ridiculous lol

#12

At times it seems it would be beneficial to have a broker in every larger geographic region. For example, I found this great comp on the Faroers but hesitate to invest because comissions will likely exceed any profits. Then again, the tax mayhem of having many brokers is kind of offputting.

#13

try https://brokerchooser.com/, they have a great comparison table and also a questionnaire which was pretty helpful for me. They are focusing on european retail investors.

#14

I use TD Ameritrade and like to stick with a B/D that is publicly traded. Gives you peace of mind. This debacle is still fresh in my mind and I feel sorry for those that had significant assets tied up.

https://en.wikipedia.org/wiki/Peregrine_Financial_Group

#15

https://www.robinhood.com/

#16

I like a broker site called eToro. But I advise to read some reviews (for example https://foxytrades.com/etoro-review/) before setting account and starting investing. For me it works. I like the possibility to copy other successful traders. But there are some negative aspects as well (not the smallest platform fees and no short term trades allowed).

#17

And for what trading instrument are you looking for?

#18

Lending Club

… For old times sake

#19

Step 1) Buy bitcoin

Step 2) For maximum security, transfer your bitcoins to my wallet

Step 3) …

Step 4) Profit

#20

Flipping industrial dumpling machines from Alibaba to Amazon to eBay and back. Arbitrage, people.