My First Broker Account

If you remember last week I wrote about the Visa IPO. Well as soon as I finished that post I opened an account. The broker I chose was Scottrade for two simple reasons, the $7 dollar trades and their $500 dollar minimum to open an account. I also looked at E-Trade, with them you can trade globally, trade currencies, banking and lending but their price per trade is a bit higher than Scottrade’s and their minimum to open an account is $1000. If I’ve had $10,000 to invest I would have gone with them because of all the services they offer. When I finished signing up I logged in into my new account to check everything, after I was sure how everything worked I logged out and I was finally ready for that IPO and my first ever trade!!. I will tell you more about that on another post.