ShareBuilder is a no frills, low cost online broker that was recently acquired by Capital One 360, a division of Capital One. As a no frills broker, ShareBuilder does not offer most of the advanced trading and research tools provided by other top ranking online brokers. ShareBuilder is a really great trading platform if all you need is a basic stock investing broker that provides low cost pricing.
ShareBuilder offers great flexibility when it comes time to enter trades. It allows you to enter up to six orders at once with a Multiple Order Entry form. You can trade just as easily using a mobile device (iPhone, iPad, Android, and BlackBerry) as you can using their online platform.
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Amongst the various features provided is the ability for you to set up recurring scheduled investment purchases. As an example, you are able to set it so your account will automatically invest a particular amount (i.e, $200) each month in a particular stock, ETF or fund. The firm charges only $4 for automatic investing trades and will reinvest (for free) any dividends or capital gains that you earn.
MarketConsensus News recently published a comparison-ranking review on the top five US online trading sites and brokers, but ShareBuilder did not make it onto the top 5 list as the selected brokers provided more advanced trading capabilities.
ShareBuilder offers one of the cheapest costs per trade compared to a lot of trading firms, charging only $6.95 per trade.
Tradable Products: ShareBuilder allows you to trade Stocks, ETFs, Funds, and Options. It provides both Cash and Margin accounts.
ShareBuilder Margin Interest Rates
Margin interest rates effective 4/01/2013.
Below are some consumer complaints that you should take into consideration
- Customer service issues
- Very basic trading tools
- Speed of trade executions is not up to par with other brokers
- Limited tradable products
- Unable to trade international markets.
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