All posts by Mason Weber

Scottrade Review

Scottrade is a veteran in the discount broker niche after more than 30 years in business. They’ve gained a consistent reputation for having an insanely high level of customer satisfaction. They offer a wide range of investment vehicles and personal support at 496 branches across the U.S.

What they offer: $7 trades, fast executions, low margin rates, mobile trading tools, and the highest level of customer satisfaction we’ve seen. Especially good for their no fee IRA accounts.

PROS CONS
  • High investor satisfaction.
  • Scottrade Mobile for mobile research & trading access.
  • $500 minimum to join.
  • Access to wide variety of international investments.
  • Low margin rates.
  • Separate platforms for trading stocks and options.
  • Scottrader & ScottradeELITE software is not mac compatible.
  • No LiveChat feature.
  • No FOREX trading access.

The Verdict: Scottrade offers a very competitively priced service and it seems everyone who uses them absolutely loves them. $7 trades aren’t the cheapest around, but expect them to make up for it in service.

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OptionsHouse Promo Codes

Here is a list of current OptionsHouse promotions (pick wisely). OptionsHouse definitely offers the best promotions among the discount brokerages that we’ve seen.

Sadly, you can only claim one per account 🙁

Follow these 3 steps to claim your OptionsHouse promo offer:

STEP 1: Click one of the banners below to activate the OptionsHouse bonus you wish to claim.
STEP 2: Open and fund your OptionsHouse account.
STEP 3: Claim your bonus once your account is approved.

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TD Ameritrade Review

TD Ameritrade Review

TD Ameritrade has been around for more than 35 years, and has solidified a reputation as one of the best, if not the best option for self-directed investors and traders. They placed just a small fraction of a point behind the #1 rated broker (TradeStation) in Barron’s 2011 review. With the recent platform integration of last years #1 ranked brokerage (thinkorswim), we fully expect them to be sitting in the top spot next year.

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optionsXpress Promo Codes

Need an up-to-date optionsXpress promo code? You’re in luck! In case you haven’t heard, you can now get a cool $100 when you open and fund an account today.

Follow these 3 steps to claim the latest promo code from optionsXpress:

STEP 1: Click on the banner below to activate the optionsXpress promo code you wish to claim.
STEP 2: Open an account (there is no minimum to open an account).
STEP 3: Claim your free bonus once your account is approved.

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OptionsHouse Review

OptionsHouse, LLC was founded in 2005 and is owned by PEAK6 Investments, a market maker that has been in the options and derivatives business for years. At $4.75 for stock trades, they come in at a slightly lower price point than most brokers, and their options trading tools are second to none (Evidence: for the past 3 years, they have been ranked “Best for Options Traders” by Barron’s Annual Broker Survey).

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TradeKing Review

TradeKing has only been around since December 2005, and they’ve wasted no time carving out a reputation as a serious power player in the discount broker niche. They have recently been setting the pace for innovation in the online broker space, and late last year they merged with another leader in the social trading sphere, Zecco Trading. They have also recently expanded their already formidable free education resources, including video tutorials, live webinars, iPhone and Android apps, and options playbook for all levels of traders.

What they offer: Ultra-low commissions, top rated customer service (Smart Money, The Wall Street Journal magazine ranked them #1 as of June last year). TradeKing is known for it’s slick trading platform, great research tools, mobile trading access, and arguably the best options trading tools around. Also, they now offer 50 currency pairs, and the ability to trade gold and silver in real time.

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How To Pick Your Next Discount Broker

Picking a new discount broker has never been easy. There are just so many options and so little time to research them all. So how do you know if the broker you pick is the right one for your trading needs?

In this article, we’re going to go over several things that you’ll want to keep in mind when picking your next discount broker. We’ll include the key considerations like commissions/fees, tools, research, education, and investment offerings, and link to a few brokers that excel in each category.

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OptionsXpress Review

optionsXpress just celebrated their 10 year anniversary last year, and looking back, it’s clear they’ve wasted no time climbing to the very top of several broker ratings (including ours here at the Online Broker Review). Other review boards that have awarded them the top spot in the past include Barrons, Forbes and Kipplingers. Originally they focused solely on option trading, but now offer a much wider variety of investment vehicles including stocks, mutual funds, futures, and fixed income investments.

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Firstrade Review

Firstrade has been around since 1985 and have watched more than a few brokers come and go. They have recently updated their platform to provide a more robust service to their customers, but do they still command a place among the best in the eyes of investors? Read on to find out…

What they offer: $6.95 per trade, no fee IRA accounts, education savings plans, wide selection of mutual funds, service in English and Chinese (Cantonese & Mandarin), new mobile trading apps and social media features. Member of FINRA & SIPC (Securities Investor Protection Corporation). International accounts are available for some countries outside the U.S., but not for Canadians right now.

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