Best online brokers

Every trader looks for a list of the best online brokers. It’s possible to find some information on several discussion forums and when searching through Internet and a Google search. That’s the way I started the search for my broker.

I opened my first brokerage account with a stock broker several years ago. Since then I’ve discovered some important characteristics that make a good online stock trading broker.

I found that most important is:

• good execution
  - to have good fills for my limit and especially market orders
• accessible customer service
  - to be able to contact some representative of the company in any urgent case without delays

I tried several Web based and then direct access stock trading brokers. Finally, I found one that I liked very much. I personally met with the representative of this broker (later I discovered he’s one of directors of company :-) ), and he was a really nice person. I like how he talks about his business.

So I opened account with them, and I’ve traded on this account ever since.

What do I like about this brokerage house?

• Most important is customer support – it’s great. I can always discuss what I need. I can use email, or the Yahoo messenger service to contact the right person in a minute. I can call, of course, but it’s usually not necessary.
• They have a good commission structure
• • Accounts are held by the Penson Financial services company for clearing, custody and protection.
• They have really good stock trading software
• I also receive good fills for my limit and market orders.
• It’s a good broker for swing trading, position trading but also for very active day trading.