Scottrade

[P0ppy]

I should have replied to my message because I called my local Scottrade to find my answer.

You only have to wait 3 days to buy stocks under $4 when you deposit money. There is no waiting period on buying any stocks after you sell no matter what their price is. But like you said, you have to wait until the trade is processed before you can sell.

I went with Scottrade because there wasn't any hidden fees like some of the other brokers, low trading costs, and there is a local branch within 15 minutes of my house.

I know that there might be some smaller brokers who have lower fees but I wanted to go with one of the major online brokers. After making comparisons, Scottrade was the clear winner.