Discount Brokers

Peter Leeds takes a look at Dişcount Brokers The Peter Leeds team reviewed every discount broker. After eliminating what we felt to be the worst ones, we were left with 23. "No fees or compensatlon was pald by any of the brokers, nor would It have been accepted. charles SCHWAB ZIONS O EOPTION O TRADING DIRECT DIRECT T.Roweltice ZEDGE optionshouse optionsXPRESS D Ameritrade TradeKing Trading BIe ck EXTRADE OSOGOTRADE SPEEDTRADER FINANCIAL TradeStation AFidelity TFIRSTRADE LIVEVOL Scottrade Lightspeed Interactive Brokers ELowTrades trading shareBuILDer.cn COMMISSIONS The average commission cost per trade was about $7.25. Typically the fees are dependent on the: • price of the shares • activity level of the investor • size of the portfolio • the type of investment (options, bonds, equities) O TRADING DIRECT D Ameritrade TradeStation LowTrades O TradeStation TradeKing O EOPTIONT LOWEST HIGHEST NO EXTRA FEES Many brokers will charge higher commission rates to trade penny stocks. While 26% of them do not treat penny stocks any differently than other shares, 74% of them do. MONEY REQUIRED The amount initially required to open an account varied from zero to $35,000. ZERO optionsXPRESS SOGOTRADE HOLDINGS EXTRADE EDGE D Ameritrade FINANCIAL GUVEVOL LowTrades D Ameritrade ZIONS DIRECT shareBUILDer.cping NO FEE TradingBI ck TFIRSTRADE TradeKing hdta the charles Fidelity Fidelity optionsXPRESS HOLDINOS SCHWAB optionshouse ON THE PHONE We ranked all the discount brokers based on their professionalism and helpfulness on the phone. While some stood out, others were not very good. lineractive Bde TradinoBIek Lightspeed TradeStation charles optionsXPRESS HOLDINGS LowTrades D Ameritrade SOGOTRADE EMAIL HELPFULNESS & PROFESSIONALISM Some of the discount brokers were excellent in their e-mail responses. However, many were not good at all, while even more never bothered to reply! t TRADING DIRECT PROFESSIONAL HELPFUL PROFESSIONAL HELPFUL Scottrade charles TradeKing Scottrade Ameritrade optionsXPRESS Trading BI ck shareauDer Lightspeed trading SPEEDTRADER GLVEVOL E-MAIL WAIT TIMES How long does it take to reply to an e-mail? For some of these discount brokers, we had to give up after 7 days! SPEEDTRADER EOPTION charles SCHWAB TradeStation optionshouse Interactive ZIONS Brokers SOGOTRADE DIRECT Ameritrade Lightspeed trading TROmeice Scottrade GLIVEVOL E TRADE t TRADING DIRECT FINANCIAL ELowTrades Trading BI ck S Fidelity EDGE shareBuILDer.c optionsXPRESS TradeKing FIRSTRADE 2. ABOUT PETER LEEDS Peter Leeds uncovers penny stocks of exceptional quality for subscribers of the Peter Leeds newsletter, which is one of the most popular financial publications of it's kind. Over 35,000 subscriptions sold! PETER LEEDS AP Associated Press Penny Stocks NVEST IN NBC DUMMIES 'ENNY OCBS The Boston Globe FOX HD BUSINESS TOCKS YAHOO! Los Angeles Times PeterLeeds.com f in t You Tube 8+ This disinterested information is for entertainment purposes only, and is based on what we believe to be full and accurate information provided and collected. The rankings and information in this report represent opinion only, based on contacts and interactions with each of the discount brokers. Immedlate/live chat Immedlately suju z suju 10 mlns 30 mlns 30 mlns sınou 4 hours 5 hours 5 1/2 hrs- 9 hours 21 hours 20 hours sunoy pz 24 hours 2 days 3 days 1 week - NO reponse 1 week - NO reponse 1 week - NO reponse 1 week - NO reponse