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Alias Born 09/29/2013

Re: None

Thursday, 04/10/2014 4:56:40 PM

Thursday, April 10, 2014 4:56:40 PM

Post# of 841
I am currently with Sharebuilder, and I'm looking for a new broker for... reasons.

First is they have no trading tools whatsoever. They have charts, but at a 15 minute delay, it's better to look elsewhere.

Commissions are pretty crazy. They charge $6.95/trade with $0.007 per share under $1. The commission maxes out at 15% of the total trade, which makes it quite hard to trade pennies effectively.

Order executions are extremely quick, usually within about 30 seconds of placing the order, I saw it pop up on the stream.

I originally got this for trading NASDAQ and other higher stock prices, but you can't beat the profit margins of pennies. Sucks I didn't realize the fees until I already made the account. Such is life though I guess.

Hope this helps anybody interested in Sharebuilder since I'm not seeing much information on the intro.
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