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Five brokers' secrets you should know before trading online
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No one knows where the market will head this year or if the wrangling in Washington will lead to real progress on the deficit. But there is one financial trend we do know is not changing anytime soon: Retail investors are overpaying their brokers for trading online. A recent NerdWallet study found that over 17 million investors with the three largest online brokerages – Schwab, E-trade, and TD Ameritrade – are paying on trading fees and brokerage services that most of them don’t need. Here are five brokerage secrets you should know before trading online:
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Over 17 million investors with the three largest online brokerages – Schwab, E-trade, and TD Ameritrade – are paying on trading fees and brokerage services that most of them don’t need, according to a recent NerdWallet study. Here are five brokerage secrets you should know before trading online:
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By Tim Chen , Contributor
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