At least for the time being I have decided to stop updating Online Broker Review to focus on my other business interests. You can take a look at my other projects at brettdidonato.com and follow my blog at brettdidonato.com/blog.
Hey everyone please check out the new Online Broker Review app for iOS 7. It is available for both iPhone and iPad so please install, rate (5 stars!) and review. Thanks!
New offers have been added for TD Ameritrade. You can get $600 or trade free for 60 days by opening a new account. See the details on the discounts page: http://www.onlinebrokerrev.com/main_menus/broker-discounts-and-special-offers.php
Scottrade has announced a new dividend reinvestment program (DRIP) that they are calling a Flexiable Reinvestment Plan (FRIP). What’s a FRIP? Scottrade collects all dividends payed from your stocks and ETFs into a pool. The pool will then reinvest dividends back into purchasing additional shares of stock in the original security or in a selection of up to five predefined securities. There are no fees associated with the program. It’s a very cool spin on the DRIP concept. One limitation however is that fractional shares are not purchased, so dividends that total less than the price of an additional share of stock will sit idly in the pool. Check out our full breakdown of the dividend reinvestment programs offered by all of the top brokers:
Say hello to the brand new Online Broker Review! We have redesigned the entire website from the ground up to provide a better look, cleaner navigation and faster page loads. We hope you like it.