Good for Dollar Cost Averaging and Buy & Hold Investors
Sharebuilder is good for dollar cost averaging and buy and hold investors. This is true because it's 1 of the few brokers wbeeplet you reinvest dividends for free as well as buy fractional shares and buy stock monthly automatically. The problems are that the commissions for regular market and limit orders are way to high for the service you get. Zecco is a much better value. With sharebuilder you can buy a stock as low as $4 and change but only on a Tuesday at a market price. All sell orders are approximately $15. Which I believe is a buried fee. It fooled me. Their gains-keeper is nice but you only get it if you sign up for a fee based monthly plan. All i all unless you want automatic dollar cost averaging or fractional share purchase-ability the better, cheaper broker is zecco
Sharebuilder is good for dollar cost averaging and buy and hold investors. This is true because it's 1 of the few brokers wbeeplet you reinvest dividends for free as well as buy fractional shares and buy stock monthly automatically. The problems are that the commissions for regular market and limit orders are way to high for the service you get. Zecco is a much better value. With sharebuilder you can buy a stock as low as $4 and change but only on a Tuesday at a market price. All sell orders are approximately $15. Which I believe is a buried fee. It fooled me. Their gains-keeper is nice but you only get it if you sign up for a fee based monthly plan. All i all unless you want automatic dollar cost averaging or fractional share purchase-ability the better, cheaper broker is zecco