I only have an etrade brokerage account because that's what my employers use for espp. I see people generally recommend Fidelity or schwab for trading. Do these offer anything that a platform like etrade wouldn't? Is there an advantage in opening a second brokerage account? #personalfinance #investments #brokerage #fidelity #etrade
I use TDA. ThinkorSwim is pretty awesome
The same stocks are available on all platforms and the fees are typically the same. Their offerings start to diverge as your wealth grows and needs get more complex. For example they differ on provided loan/borrowing options, mortgage discounts, wealth advisory services, roboinvesting quality, ease of executing various tax optimization strategies, physical branch/office locations…
might get shit on for the stupid question, but could anyone explain to me why most ppl consider robnhood bad?
It’s not horrible but it has a history of instability and pissing off regulators. Also its stock is trading low compared to competitors and if they go out of business you’d need to use SIPC filing to get your stocks back which can be a headache. And there’s not much advantage besides the nice options UI
very helpful answer, thank you!
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I have both and like Fidelity. The interface is a bit nicer. I can always go to an office if needed (which I never have). And they have some really low cost ETFs that charge lower percentage than the gold standard of low fees (Vanguard). That being said, these advantages are not huge and it probably makes very little difference for the likes of you or me.