What’s a good Online Stock broker? How it works?
February 28th, 2011 Filed under: Investing Tips — Investing Author
Stat_721 asks the question: E-Trade offers 60 days free trading but I am planning to go in for the long run. Lets say I am going to purchase about 20 shares of a stock as soon as I sign up. that would be free right? because that is under the “60 days free trading” time period.. what about later on, past the 60 days when I want to sell? will i have to pay the $9.99 to sell all the shares or is it $9.99 to sell each individual share of that stock that I own? how does it work?
Answer:E-Trade and TDAmeritrade work about the same way. They are both reliable on-line brokers. I use TDAmeritrade.
The cost of 9.99$ is for each transaction, so if you sell 100 shares, it will cost 9.99$. If you sell one share at a time, you will be charged 9.99$ each time.
If they offer 60 days free trading, I would think that this means 60 days from when you open the account, but, as always, make sure you read the small print.(Investing)
