Online Trading Portal
Stock and securities trading was one of the first things to go online. Today there are a number of organizations which run their own online trading portal. This article takes a look at some of the best portals which you can check out if you want online stock trading service.
Let us begin with a name that has established itself in the online stock trading sector, none other than Merrill Lynch. Merrill Lynch is meant for the heavy investor. The basic services are charged at a price of $29.95 while a broker assisted plan is more expensive. Merrill Lynch has years of experience when it comes to stock and securities trading service and the experience is reflected in its service. Merrill Lynch asks for a minimum investment of $2000.
On the positive side Merrill Lynch has the ability to support you from almost anywhere in the country because there are more than 600 offices of the company. This online trading portal has a number of tools to allow the investor to exercise complete control over his investment portfolio. There are different types of quotes and alerts. You can view your assets using different charts and graphs. If you want to enter high volume trading, this is the way to go.
Another popular online trade portal is Tradeking. Tradeking is one of the most economical options when you want to choose online trading portal. The fee is a flat $4.95 regardless of what type of trading is going on. If you are an average investor, Tradeking might just be for you but if you are a seasoned trader, it is better to go with Merrill Lynch because that portal has all that you may want. Among the most popular features missing are virtual trading, wireless trading and even the basic automated trading feature is absent. Tradeking is also limited when it comes to the number of trading options available to a user. It is possible to invest in stocks, mutual funds and some bonds released by the Treasury of United States. This is the best service for everyone who shall be making his entry in the world of online trading. The third popular online trading portal that you can opt for is Thinkorswim. This portal provides varied plans according to which the fees are charged. The charges are $9.95 and you have to open a $500 trading account. You have to pay the same $9.95, regardless of the volume of trade that takes place from your account. The main advantage with this online trading portal is that you need not be an expert in trading. The site has a number of features to get you started and to keep you in touch with the way markets are functioning.
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