Which Broker?

[JMoney]

Ok, being a new trader I finally realized how much commissions hurt. I'm looking to switch to a good brokerage with good comission prices. Currently, I hold an account at www.murielsiebert.com. Their commissions are $15 dollars. Also, they restrict the amount of shares that you can buy. This is another thing that I do not like. Could some share with me your experiences with your brokers so I can get an idea of who I want switch my account to? Thanks.

[eliteG]

Justin,

Great posts first off  . 

Secondly...use the search feature on this sight ,(right underneath your user info)  to search for brokers...you'll get this thread:
http://www.3stocksonfire.org/trading/index.php?topic=230.0

search works really well.

-g

[setravis]

Justin check out ........www.lowtrades.com
I think they have trades for 5 bucks, limit or market
and penny stocks are not treated different.

[stocky]

SCOTTRADE if you want quality.

MB Trading if you want value.

[AussieTrader]

I use Ameritrade $10.99 each way regardless of volume or if OTC etc. There is a trade off between super cheap and good quality (by that I mean speed of execution / fills, tools, etc). Ameritrade provide me a lot of tools and resource for free which I utilise. My opinion is that a $21.98 roundtrip trading cost is a very low effective business expense.
There is a ton of choice out there.
Mike

[poiss]

I use http://www.interactivebrokers.com. Unbeatable data quality and execution speed (IMHO). Different trading platforms, 50+ markets. Nothing is for free, but price is reasonable. Also works perfectly with TA software like Medved Quotetracker, Amibroker etc.

[andyman]

Fully agree poiss,

i checked a couple of brokers and finally landed at IB. There may be others which are a cent cheaper, but the price/service ratio seems to be best at IB.

I can recommend IB without doubts.

Regards

andyman

[golfqtee]

Scottrade charges a premium for stocks under $1.00. Keep that in mind with Scottrade.  I am currently opening a lowtrades account for the penny's, but Scottrade is only 7 per trade above $1.00.