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Home / Personal Finance / Choosing a Discount Broker

How to Choose and Use a Brokerage Account

In the articles that follow we cover how investors can choose and then use a discount broker -- including brokers other than this area's six sponsors listed below. We also just wouldn't consider ourselves Fools if we didn't include an article on why we think discount brokers are superior to full-service ones. So dig in, and Fool on!

Discount Broker Quick Facts
 
American Express Brokerage
Online Commission Free* or $14.95
Touchtone Commission $19.95
Broker Assisted Commission $44.95
Cash Account Minimum None
IRA Account Minimum None
MS Money/Quicken Compatible No
Dividend Reinvestment Yes
*Free trades require higher balances. See details.
More Details  More Details Open an Account  Open An Account

How to Choose a Discount Broker
If you know how to set up a checking account, it's a cinch to pick a discount broker. In fact, the more Foolish of an investor you are, the harder it is for you to go wrong.

Using Your Account for the First Time
Ready to get started but a bit confused by the lingo? Learn about market orders and different types of accounts so your trades will go smoothly.

The "Other" Brokerages
Looking for special services the traditional discounters don't offer? There may be an alternative broker that meets your needs.

How Secure Is Your Online Account?
Are basement-dwelling computer hackers lying in wait for you? Hardly. Online trading is one of the safest transactions you can make.

Equal Time to Full-Service Brokerages
Lower fees are just one reason that discount brokerages are stealing business from the old guard. So what do full-service brokers have going for them, anyway?

Other Resources
We know we're not the only game in town. Here are other places to look for information on discount brokerages.

First Article: How To Choose a Discount Broker »



 See Also

  • Discount Broker Discussion Board
  • Personal Finance
  • Fool's School

    Note: The information and links on this page are provided for your convenience only. The Motley Fool is not a registered broker-dealer and does not endorse or recommend the services of any brokerage company. The information and services that can be accessed through these links are provided by the individual brokerage companies, not The Motley Fool. The brokerage company you select is solely responsible for its services to you, the user. The Motley Fool will not be liable for any damages or costs of any type arising out of or in any way connected with your use of a brokerage company's services. Please read our disclaimer.
     


  • Today's Features

     Choosing a Broker
  • Introduction
  • How To Choose
  • Your First Trade
  • The "Other" Brokerages
  • Security
  • Full-Service? Not!
  • Other Resources
  • Glossary of Terms
  • Compare Brokers
  • Fool Disclosure



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