Director of Media Relations at The Motley Fool, Chris Hill, said the point of the company is to educate people. Inc. However, the people at The Motley Fool admittedly try to make understanding finances easier for the common person. If you re making your own decisions, then online trading makes even more sense since it s so much cheaper than the huge commissions you re likely to pay to a full-service broker. It offered online investing services through Internet companies such as America Online and Compuserve. They can get up to 100 free real-time quotes each day, stock alerts, breaking news, charts, and analysis.
Customers have the option of free Internet banking and free check writing.
Pennings also mentioned disadvantages to trading online. Pennings said he only uses one online broker. I ve never compared it to the others. Ameritrade is another of the popular online brokerages. Customers can set up IRAs, trade mutual funds, and open Margins and Options accounts.