whats a good online stock broker site for a teenager?
March 13th, 2010 | 
Author: I know a lot of different and recently asked a different question just trying to get other points of views from people. Thank you for your help.
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I know a lot of different and recently asked a different question just trying to get other points of views from people. Thank you for your help.
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As you know, to open an account with any broker/dealer in the United States you must by 18 years of age
All major brokerage firms provide their clients with on-line services, including trading platforms, latest market & financial news and research.
Firms are not geared toward customers based on their age or extent of investing/trading experience. Customer need to select the site that is best for them. Traders have requirements in a site, while investors have other requirements. I personally use Scottrade for equity trades while using ThinkorSwim for option transactions. For investments I prefer Fidelity.
Although most sites are geared to general securities and commodities, however customers may have special needs for the types of products they trade, and the markets in which they trade.
It seems that the most popular firms for on-line investing all of which provide excellent platforms and services are; Scottrade; Chas.Schwab; TDAmeritrade; Fidelity; E-Trade and Thinkorswim.
I use TD AMERITRADE (I am 18 too). I trade a lot and it only costs $10 a trade for any size order. Its the best online broker out there
Check out a brokerage called Zecco. They have free trades, and you do not have to have a lot of money to open an account.
As with any kind of investment, you have to do your homework and be very careful.
So I started when I was 13 years old and traded with Scottrade under my Dads name. Overall I hated Scottrade as it was expensive for the money plus didn’t offer me much it was more of the average joes trading site. Now I don’t know your age or starting capital but if you can somehow round of $3,000 which is the minimum for Under 21s then they are by far the best of the rest. For one they are the cheapest at $0.005 per share with a $1 minimum so usually it only costs me $1 per trade but they also have a great trading platform along with great analytics. If you want more simplified I would recommend E*Trade or Zecco.
Scottrade.com