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Updated almost 8 years ago on . Most recent reply
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Online Stock Investing Platforms
Hello BP
I know this off topic and understand if no one really knows but I am looking for online stock trading platforms like e-trade or scottrade. I am trying to figure out which ones are the least expensive to deal with. Or if anyone knows a great forum like BP that focuses on stock market investing, that would also help.
Thanks
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@Rich Hupper I like to do some stock trading on the side and the company I go through for some of my personal investments is motif.com.
The platform is great because commissions are low, $5 per stock purchase, ex. 100 shares of Match Group would be a $5 commission charge. They also have what they call motif's which a category Or sector you can invest in, for example if you wanted to invest in online gaming, they have a motif for that. Each motif contains up to 30 different companies and you only have to invest $250 at a time, the commissions for a motif is $10. You are able to create your own motif as well if desired.
Downside is that you would want to do your own research as this obviously doesn't have advisory services which is why commissions are so little, if you're looking for a company that has more of an advisory role than you would want to look for a company more similar to Edward Jones. Hopefully this helps, good luck.