If you don’t already have a brokerage account, you’ll need one before taking advantage of our recommendations. There are a number of different brokers that you can choose from. But to help get you started, we’ve listed some of the most popular brokerages below. You’ll find a quick description of their fees and links to open your account and an toll-freecustomer service number. Just remember that this list is just for information purposes to get you started. We don’t recommend one broker over another, and it’s up to you to figure out which broker best meets your needs.
E*Trade – www.etrade.com – 800-387-2331
E*trade is one of the best known brokers in the business because of their eye-catching advertisements. The company requires a minimum of $500 to open an account. For most investors, E*Trade charges $9.99 for every trade. E*Trade also has a nice online platform with fancy reports on your account
EverTrade Direct Brokerage – www.evertrade.com – 855-236-5166
As part of Laissez Faire’s paid marketing relationship with EverBank, we’re proud to share the forward-thinking approach to investing offered by their subsidiary, EverTrade Direct Brokerage, Inc. When you trade with EverTrade Direct Brokerage, Inc., you’ll have vast and worldly opportunities right at your fingertips. You’ll be able to invest, real time, in 25 markets all around the globe. From foreign bonds and equities to domestic stocks, options and mutual funds, you’ll find it all at EverTrade. Again, while Laissez Faire does have a paid marketing relationship with EverBank, we do not receive financial compensation if you open an account with EverTrade.
InteractiveBrokers – www.interactivebrokers.com – 877-442-2757
InteractiveBrokers (or IB) is a no-frills company that is a little light on customer service but has very low fees for trading. The company requires you to have $10,000 to open a regular brokerage account, or $5,000 to open a retirement account. IB only charges $1.00 for a stock trade, or a penny a share if you’re trading more than 100 shares, and also offers discounts if you’re making large trades. If you’re internet-savvy and an experienced online investor, IB is a great brokerage. If you think you might need a little more support with your account, I would use one of the other options.