My Super-Duper-Cheap Broker: Sogo Invest

I currently do all my stock trading with Sogo Invest, for the simple reason that they've got the lowest commissions of any broker I've found. How low? Well, right now they offer a 90 day trial period where you pay $1 per trade. After that, you have a choice of trading accounts that charge commissions ranging from $1.50 to $3 per trade.
  • For their Platinum account, you pay a monthly subscription fee of $15 a month. This gets you an unlimited number of trades at $1.50 commission per trade.
  • For their Gold account, you pay a monthly subscription fee of $10 a month. This gets you an unlimited number of trades at $2.00 commission per trade. (This is the account I have.)
  • For their Bronze account, you pay no monthly fee, and are charged $3.00 commission per trade for an unlimited number of trades.
What account makes most sense for you depends on how many trades you make in a given month. If you make very few trades, Bronze is the best deal. But if you find yourself making a lot of trades - say over 10 a month - you'll definitely save on commissions by upgrading to a Gold or Bronze account.

So far I've been very satisfied with their service and execution - maybe you will be too. You can learn more about their trading features and tools at SogoInvest.com.

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Brokerage Services

The following companies provide discount and retail brokerage services to individual investors seeking to buy or sell stocks, options, mutual funds and ETFs:

Banc of America Investment Services

About Banc of America Investment Services:

Now offers no-commission online equity trades for customers maintaining $25,000 minimum Bank of America account balances (not yet available in all regions). Build and manage a diversified portfolio that could include mutual funds, stocks, bonds, and other investment products. Includes access to industry leading tools, news, and research to help manage your portfolio.

CyberTrader

About CyberTrader:

Active traders choose CyberTrader because they get: the ability to trade equities and derivatives in one platform, competitive commissions, Ken Tower research, a large selection of online education, and more. And they get it all with equity pricing as low as $.006 per share up to 2,000 shares.

E*TRADE Securities

About E*TRADE:

Whether you are an active trader, serious investor, or just getting started, E*TRADE Securities offers you a wide array of products and services with the power, price, and service you need to make the most of your investments. Choose from investments including stocks, options, mutual funds, bonds, and IPOs (Initial Public Offerings).

Interactive Brokers

About Interactive Brokers:

Offers advanced trading tools including: integrated technical, fundamental and price/risk analysis tools, real-time margin and activity reporting, over forty order types, and a paper trading facility to test trading strategies. In 2006 Barron's awarded Interactive Brokers its top star ranking overall and for lowest cost broker.

Scottrade

About Scottrade:

Scottrade offers easy-to-use trading platforms and low transaction fees for Listed and Nasdaq Stocks, Bulletin Board Stocks, Pink Sheet, and Canadian Stocks. Investors may also request an options account, or choose from thousands of funds, both load and no-load, including more than 1,000 No-Load, No-Transaction Fee (NTF) mutual funds.

SogoInvest

About SogoInvest:

SogoInvest.com is an online brokerage that allows investors of any kind, beginner or expert, to buy and sell stocks in real-time for $3 or less. We offer sophisticated stock trading tools like our new search engine scanning software, free to customers with funded accounts, as well as some of the lowest commissions in the industry.

Do you have an additional brokerage service to suggest? Please feel free to post your recommendation in the comments below.

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Trading Signal Services

The following services provide trading signals recommending the purchase or sale of stocks, options, futures, commodities, ETFs and mutual funds:

Elliott Wave International: Specialty Services

Based on the Elliott Wave principle of market behavior, Elliott Wave International provides Intraday Forecasts, Opportunity Alerts, and On-Demand Forecasts for traders to use in identifying price targets and planning trades. Expert analysts are available for subscribers to contact for specific market predictions.

GStock.com

About Gstock:

GStock is a Virtual Supercomputer formed by many computers calculating a huge amount of investment stratagies with one goal - to pick the best profit making strategy for each stock.

Prosignal.com

About Prosignal:

Prosignal is a web site that provides professional trading signals for the financial markets. These markets currently include U.S. stocks, indices, mutual funds, and bonds. We provide a subscription service for the average investor, as well as premium products for investment firms which utilize our proprietary services for their clients.

StockSignals.com


About Stock Signals:

Stock Signals provides investors with technical analysis of global equity markets and has outperformed benchmark indexes with own portfolios. Currently Stock Signals covers the Scandinavian, US, UK and German equity markets.

Stock Signals Ltd.


About Stock Signals Ltd.:

Stock Signals is an innovative Canadian Company that publishes a daily Buy - Sell - Watch List for North American Equities that compose the major North American Indexes. These include the S&P TSX Composite, Dow Jones Industrial Average, Nasdaq 100, and the S&P 500.

Timing Signals

About Timing Signals:

Market beating results trading QQQQ (Nasdaq index ETF) or Mutual Funds in minutes a day. Easy, powerful, and accurate market timing signals from a sophisticated computer program. Clear, unambiguous timing signals posted daily in the member area - updates posted online each market day. Since June 2004, the NASDAQ 100 timing signals are up 665% while buy and hold returned only 21%

Do you have an additional signal service to suggest? Please feel free to post your recommendation in the comments below.

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