I want to start investing. What brokerage site do you use?

IB

IB

>>1728247
>>1728250

Thank you.

How much money have you made since you started investing?

>>1728232
Lots of people here use the Robinhood app for Android. It's free but has its drawbacks.
I use Scottrade. Easy to set up, good tools and $7 a trade. No other fees. There are others to look at that are similar though.

>>1728255
Thanks for the response. How much success have you had since you started investing?

>>1728232
I use Loyal3.com Its fee free like Robinhood, but with a limited selection. It lets you buy partial stocks though so you can pick up some expensive shit like Amazon for less than $800, and you can set it up to auto-invest.

The Sperm Bank

I make a deposit twice a day

usually coinbase.com

How people feel about eTrade? Was planning on opening an account with them. I like the eTrade pro software and the fees are pretty average overall.

robinhood

pros-
usa only
no fees for buying/selling
simple

cons-
no dividend reinvestment (pretty minor nitpick)
no research tools besides news reports, do your research somewhere else
if you need an exact price then you have to do limit orders, otherwise you may go a little above or below due to delay on buy/sell orders


other discount brokers (td/ameritrade/tradekings/scottrade)

pros-
various tool enhancement devices and programs, more in depth help
free trade scenarios are possible
been around a long time

cons-
medium to average/high cost for putting in a trade or a sale, 4.95-15 dollars
may be fees
minimum account requirements are possible


DRIP account discount brokerages via preferred brokers of select companies

pros
discounts or sometimes minor perks when buying at brokerage a DRIP stock uses like no fees
cons
more paperwork if you have lots of these spread out between many companies
money moving in and out (sales) extremely slow, usually at whim of weekly or monthly sale of company shares, i.e. their favorite day or two days of the month they do trading.
sometimes fees depending on company

best choice
============
robinhood if usa, otherwise probably drips of companies that offer no fee setup, followed by discount brokerages with tools. Tools are only useful if you want really want to get into a lot of trading. Most data can be accessed about companies without paying for it.