From local brokerage to online

[redaddiction]

Originally Posted by swampman46

I don't like paying $112-114 per trade at EJ. And they tell me that's with a 50% discount! Time to look at online brokers. Can someone tell me what I can expect and what the process is to switch? Would I have to sell off equities (and pay taxes), then move cash to say...Etrade? I did online broker years ago-but with cash I had in the bank-so it was fairly straight forward.

I use Scottrade. $7 per trade. Takes 5 minutes to set up an account onlline. I see there is an option to transfer stocks from other brokerage firms to my account. There are forms to fill out.

What are you getting for that $112 per trade? WOW!