I am 14 and I want to begin investing in the stock market. What is the best one for a beginner?? Scot trade, E*trade or any other good ones that are well known and trusted.
btw I know that I am underaged, my mom will open the account.
Thanks I will, but I don’t know if my mom has a broker.
HAROLD
Comments
scott trade is your best bet for your money, Etrade is OK too, they are both about the same.
Hey man im in the same position as you are. My parents let me use their broker and use their account. Whatever money i make they let me keep but i dont have to pay for a startup fee. You should check that.
I have accounts with E-Trade, TD-Ameritrade and Banc of America (Bank of America’s online brokerage). They are all good. E-Trade is the most user-friendly and helpful. TD-Ameritrade has research that I like. Banc of America has been the CHEAPEST so far for me. They don’t really have a set commission schedule it seems. Sometimes I’m charged $9.99 for a trade, and sometimes it’s only $6 or $3. I never know. All of them are good, and I’m glad you want to trade so young. I started when I was 14 as well, and it’s really so addictive! I’ve worked in the industry now for several years, and I wouldn’t want to do anything else.
