| Hello ! In this article, I will answer the question "What | | | | Since you are reading this, I will presume that you |
| is a Cheap Stock Broker?" When it comes to online | | | | are most likely interested in the original subject of |
| trading, one can hardly go a day without seeing an | | | | this article: What is a cheap stock broker? More |
| ad on television for online stock brokers advertising | | | | importantly, who are they, and how do I find them? |
| that they have the best price and service available | | | | You may not be so interested in who has the most |
| for just about any investor out there. | | | | branch offices or who has the most TV ads. While |
| Scottrade, E*Trade, and TDAmeritrade ads all make | | | | having the ability to go and sit down with the a |
| claims to be a cheap stock broker. | | | | real-life stockbroker would be nice, it will also have its |
| Here I will show you that while these brokers are all | | | | cost. Of course, that personal, one-on-one interaction |
| priced below $10.00 per trade (if you meet certain | | | | comes with a price. I am sure that I don't have to tell |
| minimum requirements), they are not necessarily a | | | | you that the cost of that interaction is passed on |
| cheap stock broker. Any company has huge | | | | through a higher commission. |
| advertising budgets, a staff of stock brokers, and | | | | Making a stock purchase with the smallest |
| even local branch offices. | | | | commission possible is the name of the game. My |
| That can translate into more overhead and expenses | | | | thought is that a truly cheap stock broker is one that |
| for the company. More expenses mean more | | | | charges $5.00 maximum for each trade. Even better, |
| expensive products. All companies have to do | | | | and what do you know, there are actually a few |
| something to offset overhead - - so they pass it on | | | | companies that offer free trades. Now that is what I |
| to you and me, the consumers. | | | | call a cheap stock broker! |