Sharebuilder Review

Doru
November 03, 2007 - 16:10
— Great features and low cost commissions

Sharebuilder is a great online brokerage with easy to use features like automatic investing and low comissions. Some of their features include: No Account Minimums, Automatic Investment Plan, Real-time Trades, Express Funding, Investment Guidance, Options Trading, Margin Borrowing, Research Tools and other. They offer couple of montly fee programs if you want free automatic trades and lower fees on real time trades. For example the standard program which costs $12 offers 6 free automatic trades and $14,95 for each real time trade and Advantage program which costs $20 offers 20 free automatic trades and $11.95 each rea time trade. Each program comes with extra features, for standard program it also includes stock grades and gain and loss tracking and the advantage program it also includes portfolio tax tools, stock reports and IPO priority notification. If you subscribe to the Basic program you will not pay any montly fees but you have to pay for each automatic investment $4 and $15.95 for each real time trade. The Basic program doesn't include many of the feature that they include in the montly fee based programs, like stock grades, stock reports, gain and loss tracker and more. Based on these programs you can choose how much you want to pay and how you want to pay for the brokerage services. It is very important to note that If you chose Basic program and you have to pay $4 per automatic trade, each fee is substracted directly from the investment amount you set up to invest each week or month, therefore, if you want to invest $50 regulary you better make it $54 so you can cover the brokerage charge. All in all I believe that Sharebuilder offers a greater flexibility and choices when it comes to their fees and investment options compared with other online brokerages firms.

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