Online Broker Reviews |
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"We kicked the tires plenty. To put the brokers to the test, we opened accounts at all the firms surveyed, pestered customer-service representatives with questions and e-mails, and used many of each Web site's tools. We scored everything from how easy it is to calculate an account's cost basis to interest earned on cash to how market orders are handled. We judged Web sites on their design, and reviewed the fines and settlements brokers paid to regulators and customers." http://www.kiplinger.com/magazine/archives/2008/11/best_online_brokers.html |
"For this report, we found several current and comprehensive reviews from some major financial publications. A review at SmartMoney takes the top spot in our chart as the best comparative evaluation of online brokers. This year, for the first time, SmartMoney's review does not divide brokers into two groups -- premium and discount. The editors explain that online brokers no longer fit neatly into categories, as each one tries to offer the broadest range of products and services at the lowest cost." |
"The one sure-fire, no-doubt bull market out there right now is the online brokerage business. Stocks and bonds – who knows if they’re headed up or down? With online brokers, the boom in new account openings that began as the stock markets crashed last fall has kept right on going. An informal canvas of a few firms found that account openings are up in the range of 19 to 26 per cent year over year, and that’s not including the impact of the tax-free savings accounts introduced on Jan. 1." |