Brand new investor just trying to find out which online broker is best for a small time investor like me? I don’t have much to start out with and I’m looking for a broker with small fees and no minimum balance.
As general rule the very low priced brokers are not "user friendly" to newbies.
For the newbie I suggest;
Charles Schwab
Fidelity Brokerage
If you have no investments now….. I’d suggest only investing in a well diversified mutual fund or ETF.
Don’t try to invest in penny stocks or small cap stocks looking for a quick hit/winner.
Read as much as you can. There is a direct relationship between knowledge of investing and success.
Investing is not gambling. Investing is not playing a hunch. Investing is not putting all your money in one stock because you heard it was going up.