What is the best online stock trading site for a newbie investor?

[negativex83]

A little about me:

23 year old
Plan to put in $10,000 to play with
Will probably be trading everyday (depending on the market of course)

I guess I need a site with no maintenance fee and low trade fees.

Any input is appreciated.
Thanks!

 

[ibu guru]

Two with good reputations for new & small investors are TD Ameritrade and Scottrade. They have online tutorials, fairly user friendly websites, fairly economical. Some sites may be cheaper, but are designed for more experienced traders with larger accounts. Don't consider sites with minimum accounts of, say, $5000 or more, because it is probably geared to the more experienced trader. Do look for tutorials and "practice" accounts.

 

[daigle451]

i use scotttrade..... keep in mind the trade plus 3 day rule (for settled funds) .. i would also recommend maybe picking 2 stocks at 5,000 or one play at time with all your funds for more buying power and quicker gains (or losses)

 

[A nobody]

All major brokerage firms provide their clients with on-line services, including trading platforms, latest market & financial news and research.

Customer need to select the site that is best for them. Traders have requirements in a site, while investors have other requirements.

Although most sites are geared to general securities and commodities, however customers may have special needs for the types of products they trade, and the markets in which they trade. For example I use Fidelity for investing. Scottrade for equities trading and ThinkorSwim for option trading

It seems that the most popular firms for on-line investing/trading all of which provide excellent platforms and services are; Scottrade; Chas.Schwab; TDAmeritrade; Fidelity; E-Trade and Thinkorswim. In your situation, you may be best served if you select Scottrade or Ameritrade

Becareful, some one thought Sharebuilders would serve your purpose, Sharebuilders is NOT for those that want to trade, the firm can not properly handle "trading" orders or trading accounts