Thread: Buying Stocks
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Old 10-15-2004, 06:57 PM   #2 (permalink)
pcockren
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most online brokerages will have fees apply as to how high your balance must be and what not...most also have minimum opening deposits(for example, Ameritrade is $2000 for brokerage accounts and $1000 for IRA accounts)...others may be different. They all charge you on a per trade basis, but some give you a certain number of trades free per month depending on your account balance. Watch out for companies that let you put in a minimum deposit of say $1000 but charge you $25 per quarter when your balance is not like $5000...this happened to a friend of mine that was on e-trade(it was an ira account). Supposedly Scottrade is a good company to use if you are not looking to get in right away for thousands of dollars...I am a user of Ameritrade for my IRA account and am very happy...hope this helped
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