ShareBuilder Stock Brokerage Review
In continuation of TWI’s stock brokerage reviews, we will be looking at ShareBuilder. Other brokerages being reviewed this week include: Zecco, TD Ameritrade, OptionsHouse, and TradeKing.
ShareBuilder is unique from other stock brokers in that it targets those not completely familiar with the world of trading stocks or don’t want to deal with the hassle of trading stocks. As part of ING Direct, ShareBuilder aims to help people looking for other investment opportunities.
- Buy stocks for as low as $4.
- No account minimum.
- No inactivity fee.
ShareBuilder is not your typical stock brokerage. It is better to look at it as a “wealth builder for dummies” or an automatic financial adviser. With various research tools and calculators, you can pick what you want to buy or receive suggestions through the automatic investment plan.
- Real time trades are $9.95, while trades through the automatic investment plans are $4.
- Tools are fairly basic.
- Receive $50 when you transfer $500 into your ShareBuilder account.
ShareBuilder is perfect for beginners and people looking to invest in the stock market in addition to the normal “safe” banking activities, which would probably be suitable for most people.
A compatible service with more emphasis on self-trading would be TradeKing.