Tuesday, May 26, 2009

2009 SmartMoney Broker Comparisons

SmartMoney just released their 2009 Stock Broker Comparisons. Click here for the comparison page where all the meat and potatoes are. Click here for the summary of the best and worse in each major category.

Top 5 rated overall were Etrade, Fidelity, Schwab, TradeKing, and then TDAmeritrade.

Some of these Brokers who are paired with a bank can offer some good deals on equity trades as long as you maintain a minimum combined balance. The only problem is that it applies only to equity trades. So before you consider jumping ship on your current account, look at the other commissions you might end up being charged for mutual funds, options, and bond transactions.

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