Monday, February 19, 2007

Have it Your Way

Sharebuilder compares themselves with 4 other online brokerage firms and all of them have what some may consider pretty hefty minimum deposit policies. TD Ameritrade’s minimum is listed at $2000 and Schwab’s is $2500. After I verified this information on the respective web sites, I chose Sharebuilder for that reason.

Another important criterion to consider when you compare online stock trading brokerage firms is the price of the trades or online market orders. Sharebuilder charges from $11.95 to $15.95 depending on which plan you choose. Since I chose the freebie plan, my market trades would compare online stock trading brokerage firms me $15.95 each.

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