Is Etrade for plebs? What is the best brokerage software /biz/
>>1153733
scottrade, but theyre really expensive.
Etrade is good once u get the reduced commission fee
>>1153733
use 1broker tds or ameritrade think or swim
Those are the two best, 1broker has slightly lower fees but I prefer think or swim.
Can someone tell me about robinhood? I just heard about it recently. It's looking really good to me, but i was wondering what you guys thought about it.
TD Ameritrade is God Tier, but it costs a lot of money in commissions.
>>1153783
Yes TD Ameritrade is great but you better hope you figure out how to make money quick because commissions will punish you if you lose money.
>>1153733
I started out on Etrade. But the trades were too expensive, so now I'm with OptionsHouse. The UI isn't as slick but it gets the job done at the right price.
>>1153782
No commissions. No real analysis support, you need to use other tools to check charts and stats. You have to wait 3 days after you sell before you can use your money.
It's a great no barrier entry point. If you trade fairly frequently or small amounts it's fantastic because you aren't paying commissions. Try it out with like $100 and see if you like it: http://share.robinhood.com/michaeb38
What the hell is up with etoro?
>>1153733
ib as your broker tdameritrade for tos charting. if you pay 10 a trade you're an idiot.
>>1154484
>You have to wait 3 days after you sell before you can use your money.
does RH seriously not have margin accounts? how? how do they make money?
>>1154554
> IB requires $10k
> IB sign up is shit if you dont have an iFail.
>>1154558
>Individuals age 25 or younger USD 3,000 (or non-USD equivalent)
I think a lot of people who can't put together 10k fit this.
>IB sign up is shit if you dont have an iFail.
ok...but they're a better broker.
You don't actually need 10k for IB. I know atleast 5 people who started there with less than that.
>>1154603
What's the minimum?
>>1154556
The same way a bank does: they lend out cash. That's why there's a 3 day settling period.
