A variety of websites offer active trading on the stock market, allowing anyone from soccer moms to college students the flexibility to buy and sell stocks online from the comfort of their own home. Now more than ever, individual investors and aspiring day traders have direct access to Wall Street through their computers and smartphones with resources that were once exclusive to brokers.
Offering advanced tools, resources, charts, and comprehensive information at affordable prices, online trading websites give amateur traders more options than ever before. These tools may be no guarantee of success, but traders using one of these excellent websites can feel confident that they are utilizing some of the best stock trading services available.
Many people will likely be familiar with Scottrade’s ubiquitous television advertisements featuring founder and CEO Rodger Riney. The object of much praise and glowing reviews from professionals and customers alike, Scottrade may be one of the best companies offering online trading services. J.D. Power ranked Scottrade number 1 in investor satisfaction eight times since 2001. With no account maintenance fees and a low $7.00 commission rate for trades, it’s no wonder Scottrade receives such high marks.
Because E*Trade has integrated services from a variety of providers, it offers a comparatively extensive variety of account features. From mutual funds to online banking, E*Trade’s major strength is the convenience as an all-in-one package for money management. CEOworld Magazine recently named E*Trade number 1 among online investments stock brokers.
New investors may think of Charles Schawb as their father’s brokerage firm, but the company is still relatively young, offering inexpensive trading services since 1971. Nevertheless, Charles Schawb was a pioneer in the field and continues to offer high quality service, support, and comprehensive access to investor resources. Charles Schawb won J.D. Power’s top award for investor satisfaction in 2009, making this company a solid and reliable choice for any trader.
Like E*Trade, TD Ameritrade offers mutual funds as well as access to online banking. With the ability to trade unlimited shares for $9.99, as well as highly detailed charts and resources which will be appreciated by meticulous traders. Ameritrade also offers noteworthy customer service and support, and is listed as one of the five best online brokers by Dogs of the Dow, a web-based community of stock traders.
Fidelity Investments offers a unique guarantee on trades. According to CEOworld Magazine, it is the only online brokerage firm to guarantee a one second execution on all trades or else the commission fee is waived. This should provide some peace of mind to nervous day traders who want to make sure that their trades are executed as promptly as possible. Fidelity was also ranked fifth among all brokerages in J.D. Power’s investor satisfaction survey in 2009.