Sharebuilder.com Review
Tuesday, April 7, 2009 19:35When prices are rock bottom the normal reaction is to buy. That is what we recently decided to do when we opened an account with Sharebuilder.com.
Before we decided to go with Sharebuilder.com we researched many different online trading sites and the ING company had what we were looking for.
Site Navigation:
The website is very well formatted and easy to navigate. For a begginer like me the design and different tools were easily found and not once did I not find myself lost among the many different links that were availible.
Tools:
No Account Minimums, Automatic Investment Plan, Real-time Trades, Mutual Funds, Express Funding, Investment Guidance, Options Trading, Margin Borrowing, Research Tools, Real-time Quotes, and Gain & Loss Tracking are the features offered with the basic account.
Since we were looking to start small the No Account Minimum was a feature that we really needed since we didn’t have multiple thousands of $$$ to invest. One of the other really cool features is Automatic Investment Plan. The Automatic Investment Plan is similar to 401k account through your job. You can set up accounts that invest automatically the dollar amount you specify but instead of being limited to the mutual funds that are provided by the firm managing the 401k account for your company.
Although it does offer analytical tools that are very easy for begginers to use they do not offer the indepth analyst that you can find for free on sites like Google Finance and finviz.com.
Support:
Not only is the support staff helpful but are friendly as well. The guides for investors just getting started is very in depth and informative.
Price:
$9.00 trades and $4.00 per trade on Automatic Investments, on the Basic Plan.
Summary:
Overal the ease of navigation, the features, price, and the helpful guides make this a great online service that we must give a 4.5 rating. The only thing that we feel this service lacks is more in depth analysis.