These days discount online brokers are everywhere. Many people are still trading with some of the original brokerages that are charging over ten dollars per trade. Those people should ask themselves why don’t they switch to a broker whose commission is under five dollars. What are they getting that makes it worth the cost?
Large brokerage house are like big banks, they take your money and give you very little back in terms of interest or service. Even though they claim great customer service, they mainly cater to those with fat wallets!
Online discount brokers like Optionshouse, or Tradeking offer paralleled service like the big brokers do, but for a lot less cost. Tradeking has a flat $4.95 commission across the board. Why purchase stock for $15 when you can get it for $5? Isn’t it the same stock?
Before you open a brokerage account you should be on the lookout for bonus offers. Many discount brokers offer new account bonus to entice people to sign up. One example of this is that there is a current Tradeking Promo going on. Tradeking offers cash or transfer credits to new account holders. So you can see that getting a brokerage account bonus is definitely worth the time to find one.
These days anyone can purchase stock, so why pay more to do it? Seek out the discount broker for your needs and stop fattening the big guys wallets!
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