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Scottrade

Founded in 1980 as Scottsdale Securities, the stock brokerage firm now known as Scottrade began offering its clients online trading in 1996.

Scottrade has a high number of branch locations - over three hundred nationwide - when compared to other online securities brokerage firms. In addition, Scottrade offers free financial education summits in cities across the United States.

Among brokerage firms, Scottrade offers a low commission rate of $7 per trade. Also, Scottrade requires a low threshold amount a client has to meet to open a new account and start trading online. Scottrade also promises its clients no "hidden fees," such as inactivity fees or account maintenance fees.

Besides the potential to make better trades, Scottrade offers their on-the-go customers the ability to trade, get quotes in real time, and check their account balances via cell phone, Pocket PC, or any device with a wireless connection to the Internet.

You can't buy and sell stocks without a brokerage firm or an online trading account. Brokerage firms like E-Trade, Fidelity, OptionsHouse and Scottrade are all reputable firms that offer a trading platform and additional information about stocks. Their range of price and services may vary, so it's important to shop around to ensure the brokerage firm you choose will match your needs.