Daily Advisor
Almost everyone, if not all, Steemians that exist are somewhat of crypto enthusiasts. Many of us are still involved in traditional assets such as common stocks. Like crypto exchanges, there are many brokerages out there. I have only had experiences with a few of them. I can only speak from my limited experiences as a citizen of the USA.
I use only Robinhood and Fidelity Investments. I do my purchases and trading through Robinhood. Fidelity is the place where I check out analysts reports and technical tools.
Since I am a cheap millennial (or is it Gen Y?), I find the zero commission on Robinhood attractive. The downside is that the platform is rather minimalist, as it gets the job done, but simple to use. I would have to pay $4.95 a trade on Fidelity. It's a steep price to pay unless I drop a few grand at once.
In converse, a basic Robinhood account is only allowed to deposit $1000 a day. More if you have a Gold account. That's already a lot for an average pleb like me, but not worth it for the bigger players. When it comes to methods of transferring money, Fidelity offers more venues to on board its users.
Another interesting, but seldom looked at feature, is setting your beneficiaries. Robinhood does not offer this feature and would have to work with the executor of the estate when you pass away. Fidelity, does make this process easier, especially when you have NetBenefits.
To reiterate the point of this poll:
Which stock brokerage firms do you use?
If you could, please share your experiences. What are some perks or cons to those services?
I have only listed the ones I have tried or have heard of. Feel free to write in other options.
Fidelity Investments
Charles Schwab
Wells Fargo Advisors
TD Ameritrade
Robinhood
Etrade
Vanguard
Ally Invest
Others (please specify)
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Others (please specify)
(90.0%)
9
/ 10
Etrade
(10.0%)
1
/ 10
