by Answerbag Staff on March 24th, 2010

Answerbag Staff

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Is e*trade stock buying for me?

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  • by Brandon Monahan on March 24th, 2010

    Answerbag Experts

    Great Answer

    Professionally Researched. (What's this?)

    On One Hand: E*Trade Financial

    E*Trade offers a plethora of resources for investing, including but not limited to: help sections filled with information about the difference between buying stocks and mutual funds and the ability to invest in stocks, mutual funds, bonds, IPOs and more. E*Trade gives you access to every kind of investment, but its flat rates are higher than other brokers.

    On the Other: Other Stock Brokers

    The other competitors include Scottrade and Ameritrade. According to E*Trade vs. Scottrade vs. Ameritrade, "Scottrade is a great place for beginning investors" and "Ameritrade offers plenty of options for beginning investors, and is ... simple and straightforward." With lower rates on investments and easier-to-use websites, Scottrade and Ameritrade seem to be a better choice for all but seasoned investors.

    Bottom Line

    E*trade is right for you if you want to really learn the tools of the trade. If you want to know every investment option and really take charge of your financial future, E*trade can probably get you one step closer. But if you want your investing to be cheap and easy, Ameritrade or Scottrade are probably better choices.

    Source:

    E*Trade vs. Scottrade vs. Ameritrade

    Optionetics - Online Broker Reviews: E*Trade

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