Barron's annual online broker survey

Discussion in 'Retail Brokers' started by range, Mar 7, 2004.

  1. range

    range

    There is alot in this year's survey, published this weekend. Here is the Best Brokers table:

    Best Brokers

    For Long-Term Investors

    We looked for long-term planning tools, multiple ways to trade, (including talking to a live broker in person as well as on the phone), the ability to specify your wish to reinvest dividends online and the availability of online banking. After re-weighting the original ranking and adding these new items, here are the brokers who will do the job best over the long run:

    Fidelity Harrisdirect
    optionsXpress Schwab
    E*Trade Scottrade
    SiebertNet Ameritrade Apex

    Direct-Access for Active Traders

    We added additional points for the ability to implement an automatic trading system or to set up conditional trades, plus the quality of trend analysis and same-side/same-day pricing. After re-weighting the original ranking and adding these new items, here are the brokers who will do the job best for frequent traders:

    TradeStation ChoiceTrade
    Terra Nova RushTrade
    Interactive Brokers PreferredTrade
    Schwab - CyberTrader NexTrend

    Sources: Barron's survey of online brokers; company reports