Online brokers

**Mosguy** Tue Apr 24, 2007 6:35 pm

Online brokers
Hey everyone,

I am on my way to opening an account to begin my value investing. I just have a problem with discount online trading accounts in terms of reliability and more importantly peace of mind. I guess with money I take so seriously I might be more comfortable with a more brick and mortar brokerage house even though I would be using many of their full services....Am I crazy or just paranoid??

Lil' help please. :( :?:

**vik589** Wed Apr 25, 2007 11:22 am

Mosguy....i have been using scottrade for the past 2 years. I usually access and manage my account over the web. I have found them to be quite reliable in terms of executing buy and sell orders on time, providing shareholder information for the companies that i am invested in etc. They also have a pretty good research section aswell with a lot of info on current and past company financials. They have a gainskeeper feature that comes in handy while calculating your gaines and losses for tax purposes.

If you do decide to have an online account though i would suggest that you only access it from you own personal computer and keep the account number and password well protected ( i guess that goes without saying). Never access your account from a public computer. There have been cases where people have accessed their accounts from public computer like in a library and airports only to later find out that those computers were bugged with account number and password sniffers and as a results their account security was compromised and money had been stolen. Online trading is very convinient but you need to take precautions to make sure no one has access to you account info.

**aquaswim47** Sun Jun 24, 2007 12:28 am

Hi
You got to use Zecco as long as you have at least $2,500