Top ten brokerage firms 2014 - C Squared Trading

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Top ten brokerage firms 2014

Top ten brokerage firms 2014

In financial parlance, brokerage is the facilitation of trading of financial securities, generically known as marketable stocks, of a broker who serves as the middleman between the seller and the buyer. The brokerage agent typically converses with both parties and works with them to bring them to a decision. The client buys through the broker in different modes. It could be an upfront payment of cash in exchange of securities or via credit with certain terms and conditions. The client earns profit by taking advantage of the fluctuating market conditions which would create movements in the prices of the securities. It is then at the discretion of the client to sell the securities or keep them for appreciation of prices. The seller or the original owner of the securities makes money by trading their securities at much higher prices than their acquisition cost. In finance, it is formally called markup over cost. Brokerage agents, being a middleman of the two, gains by commission or percentages of the selling price or any fixed amounts as determined by the firm they are working for. Whatever the rate may be, the broker absolutely gains.

Tradeking: Just recently Tradeking and Zecco joined together, making it the 6th most powerful online trading broker. Their site was purposely created for iPhones but, it has been proven to also work well on Android phones and other kinds of tablets. On trades, you pays $4.95 per trade and ETF exchange and $4.95 plus $0.65 per contract for options. Tradeking does not have account minimums. Tradeking’s customer relations and response has been ranked No. 1.

TD Ameritrade: TD Ameritrade is an old popular broker.  It offers a variety of research and trading equipment whereby both old and new investors have found  very useful when researching stocks. TD Ameritrade is ranked a top selection for investors who want to get closer to the same analytical tools tested by Wall Street and other high-profile investors.

E*Trade: E*Trade has a wide range of investment preferences suitable for every investor who may have an interest in a fully operational online broker.  E*Trade offers services that focus on stocks, ETFS, worldwide investing options and futures.

Fidelity: Fidelity is a fully operational trading site that is highly competitive in the online sector of trading. The costs are $7.95 for unlimited online U.S. equity trades and its members can select from thirty ETFs with no commissions. It provides a variety of funds to choose from and offers retirement and debt handling services.

Scottrade: Trade once a day, once a month or once a year withouth having to worry about non-active charges. Scottrade does not have any setup or yearly maintenance fees. Most Investors are only charged $7 for any trade of stock. One of Scottrade’s policies is genuine, clear pricing with no hidden fees when someone wants to open an account with them.

Charles Schwab: A minimum of $1000 is needed to open an account with Charles Schwab.  Though not cheap, this is one of the most trustworthy brokers. This broker is considered the pioneer in the broker world. To buy or sell stocks or trade ETF’s, you will be charged only $8.95.

TD Ameritrade: If you are a small stock or a penny stock buyer or seller, then this is the best brokerage for you as they do not charge additional fees. You will be charged $9.99 for both market and limit orders. The account opening process is easy, and all you need to deposit is $1000 as starting balance.

Firstrade: The great advantage to join with Firstrade is that you do not need to deposit any minimum balance to open an account. Also, there will be no annual or quarterly fee. You will not easily find such a deeply discounted, trustworthy broker. Firstrade takes only $6.95 commissions per trade, which attracts many investors. But there are some markups in commission when you are going to buy or sell penny stocks under $1.00.

Vanguard: Vanguard is a more complete online agent or broker– just like Schwab & Fidelity. So it should come as no shock that you must pay more than you would with E*TRADE or some other strong, lower priced agent. You need $3000 as an opening balance and there is an annual service charge of $20 for accounts with less than $50,000.

ShareBuilder:  ShareBuilder broker has won a place in the top ten broker list due to it’s flexibility. This broker doesn’t have any minimum deposit requirement. The main attraction of this broker is the very low trading cost. ShareBuilder offers stock trading at $6.95 per trade, which is extremely low compared to the other brokers. ShareBuilder also has low cost broker assisted trading at $19.95. ShareBuilder’s platform is very user friendly.