Brokers Rating's goal is to range brokers (Brokers Archive) and provide analysis of the rates (Voting Statistics). This rating is based on votes from all sorts of traders from beginners to seniors. If you have ever traded a live account with any of these brokers, please rate it. You may rate several brokers, but only once a day. First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate brokers by the actual number of votes. Monthly voting statistics can be found here.
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Broker
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Against
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Stats
Status
1
HY Markets
68%
32%
2
Charles Schwab
65%
35%
3
Muriel Siebert
62%
38%
4
Scottrade
61%
39%
5
thinkorswim
60%
40%
6
City Index
57%
43%
7
Smith Barney
57%
43%
8
Sharekhan
56%
44%
9
TradeKing
56%
44%
10
Morgan Stanley
55%
45%
11
WallStreet*e
55%
45%
12
Edward Jones
54%
46%
13
MF Global
54%
46%
14
Australian Securities Exchange
54%
46%
15
SogoInvest
52%
48%
16
Charles Stanley
52%
48%
17
ShareBuilder
52%
48%
18
Merrill Lynch
51%
49%
19
Zecco
50%
50%
20
Firstrade
50%
50%
21
OptionsXpress
50%
50%
22
Wallfort Financial Services
50%
50%
23
GCI Financial
50%
50%
24
E*TRADE FINANCIAL
49%
51%
25
Fidelity
49%
51%
26
WachoviaSec
49%
51%
27
Wells Fargo
49%
51%
28
MARSCO
49%
51%
29
T. Rowe Price
49%
51%
30
TD AMERITRADE
46%
54%
31
MB Trading
44%
56%
32
A.G. Edwards
40%
60%
33
Bank of America
39%
61%
* Brokers Rating accepts no liability for any errors in the information. For the most recent information, please visit the brokers's site.
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01-12-2008 Jake // Zecco This company does not have clear rules when they handle your account, they will tell you one thing and then do the opposite. You'll lose money for no apparently reason. Their accounting method is out of wack and their website is very stupid. they have ads all over and on high volume hour, you can't log into your account. STAY OUT OF ZECCO!!! Unless you have alot of money and you don't care about people taking it from you then stick your head in Zecco.!
22-10-2008 Donald // Scottrade I've used Scottrade for a few years. Great service and anytime I need to call them they are very helpful and work with me. Only have good things to say about them.
16-10-2008 Sean // Scottrade Cannot get a 15 min. chart except in their elite platform, which requires $25,000 account .
15-10-2008 Bernard // Firstrade Annoying live support, have not intention to reply your question.
29-09-2008 Bill McGann // Merrill Lynch Not for small investors (under $500,000). They sit on your money and won't do anything to help you.
E*TRADE FINANCIAL Corporation Reports Monthly Activity for January 2010// 02-22-2010 E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) released its Monthly Activity Report for January 2010. The Company ended the month with more than 2.6 million U.S. brokerage accounts - including gross new brokerage accounts of 31,494 - and more than 4.4 million total accounts. U.S. brokerage accounts decreased by 2,392 in the month, including a reduction of 5,870 escheated accounts. Daily Average Revenue Trades ("DARTs") from U.S. operations for January were 172,445, an increase of 21 percent from December and up four percent from the year ago period.
U.S. net new brokerage assets were positive $0.6 billion in the month, reflecting the Company's focus on growing the online brokerage business. During the month, customer security holdings declined by four percent, or $4.4 billion, and brokerage-related cash declined by $0.5 billion to $20 billion. Customers were net buyers of approximately $1.4 billion in securities in January. Bank-related cash and deposits declined by $0.4 billion, as the Company continued to execute its ongoing strategy to reduce bank-related deposits.
Schwab Reports Monthly Activity Highlights// 02-19-2010 The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of January 2010 include:
* Net new assets brought to the company by new and existing clients in January 2010 totaled $6.0 billion.
* Total client assets were $1.401 trillion as of month-end January, up 27% from January 2009 and down 2% from December 2009.
* Client daily average trades were 354.7 thousand in January 2010, up 8% from January 2009 and up 23% from December 2009.
Morgan Stanley Infrastructure Partners Acquires 40% Economic Stake and 50% Voting Stake in Southern Star Central Corp.// 02-18-2010 Morgan Stanley (NYSE: MS) announced today that its dedicated infrastructure group, Morgan Stanley Infrastructure Partners, will acquire a 40 percent economic stake and a 50 percent voting stake in Southern Star Central Corp., parent company of Southern Star Central Gas Pipeline (Southern Star), an interstate natural gas pipeline and storage operation servicing the Midwest region of the U.S. Southern Star is the primary gas transmission and storage facility provider for several major Midwest cities and power generation providers. Southern Star serves the major metropolitan areas of Kansas City, Springfield, St. Louis, St. Joseph and Joplin, Missouri; and Kansas City, Wichita, Topeka and Lawrence, Kansas. Southern Star serves its customer base primarily under long term contracts, which provide for a stable and predictable cash flow profile.
Charles Schwab Outlines Fundamentals for Independent Advisor Succession Planning and Firm Valuation// 02-18-2010 SAN FRANCISCO--(BUSINESS WIRE)--As independent investment advisors become more focused on succession planning and mergers and acquisitions (M&A), Charles Schwab and Co., Inc., a leading provider of custodial, operational and trading support for approximately 6,000 registered independent advisors (RIAs), is releasing two new and instructive Schwab Market Knowledge Tools® (MKT) reports to help advisors implement succession planning, value their firms and understand (M&A) deal structure.
U.S. STOCK MARKET INDICES// 02-19-2010 DJI closed higher on Thursday and above the 62% retracement level of the Jan-Feb decline crossing. Today's rally was supported by a higher Dollar and favorable earnings reports, which raised optimism that the economic recovery will be sustained. The high-range close sets the stage for a steady to higher opening on Friday. SPI closed higher on Thursday and above the reaction high crossing as it extends the rally off this month's low. Gains in energies and copper prices helped to underpin today's rally in the March S&P 500 index. The high-range close sets the stage for a steady to higher opening on Friday. NDI closed higher for the fifth day in a row on Thursday as it extends this month's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term.
COFFEE// 02-19-2010 Coffee closed higher on Thursday and above the 20-day moving average crossing confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends today's rally, the reaction high crossing is the next upside target. Closes below the 10-day moving average crossing would temper the near-term friendly outlook.
BULLION// 02-19-2010 Gold closed slightly lower on Thursday after paring losses sustained after the International Monetary Fund announced that it would sell 191.3 tons of gold on the open market. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends Tuesday's rally, the reaction high crossing is the next upside target. Closes below the 10-day moving average crossing would signal that a short-term top has been posted.
ENERGY// 02-19-2010 Crude Oil closed higher on Thursday and above the 62% retracement level of the January-February decline crossing as it extended the rally off this month's low. Today's rally was supported by reported outages at Buzzard oil field. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, the 75% retracement level of the January-February decline crossing is the next upside target.
FOREIGN EXCHANGE// 02-19-2010 EUR/USD closed lower on Thursday as it consolidates below the 50% retracement level of the 2008-2009-rally crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are diverging and have turned neutral hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it extends this winter's decline, the 62% retracement level of the 2008-2009-rally crossing is the next downside target.
