Sharebuilder Review & Promo Code ($50 Bonus)

Sharebuilder provides you with many different fees and commission pricing to suit various financial needs.

Stocks - Stocks and other automatic investments comes at a basic plan with a flat rate of $4.

Options - Option trades come under two programs - basic and advanced. The basic program charges $9.95 for each trade plus $1.25 for every contract while the advantage program charges $7.95 for every trade plus $0.75 for each contract.

Mutual Funds - Mutual funds are offered at a rate of $19.95 for every online transaction.

Phone trades - Sharebuilder offers you the ability to make phone orders for ETFs, mutual funds and stocks at a rate of $19.95 for every trade.

Adminstrative fees:

Wired out funds: $30
Wired in funds: No cost
Check request: $5
Direct Registration System: $30
Stop payment: $25
Check copy: $10 for each copy
NSF charge for every returned item: $5
Non collectible deposit: $5 for every returned item
Express delivery: $25

Pros
-Sharebuilder charges very little money for its Automatic Investing Plans
-Offers you the ability to purchase fractions of a stock
-Dividend reinvestment and capital gains reinvestment at no additional cost
-No minimum account balance is needed to open a cash account

Cons
-Real time trades are charged an expensive fee of $9.95
-Offers a very few choices with respect to mutual funds
-Tools offered for trading are quite basic in nature

For an even more in-depth look at the pros and cons, check out this ING Sharebuilder review.

While Sharebuilder offers a number of tools to help you in your trading and investing goals, most of these are not as advanced as those of some of its competitors.

Profile Analysis - This tool helps you in understanding your style of investing and risk tolerance and shows you what trades and investments you stand to gain or lose from.

Personalized Portfolio - Sharebuilder lets you tailor your portfolio to your personal needs and lets you enter your strategies and preferences. It then searches the market to highlight the investments that are best suited to your personal needs.

Automatic Investing - The Automatic investing plan lets you pay a flat rate of just $4 for stocks, funds and ETFs and integrates your portfolio into your investment plans in a simple and easy process.

Sharebuilder provides certain resources for educating you with the nuances of the trading market. These resources include webinars, live events and various articles pertaining to trading and investing principles and terminology.

Sharebuilder is known for having one of the less efficient customer services in the market and was rated as the worst customer service in a recent broker survey conducted by Smart Money Magazine.

Sharebuilder charges no minimum balance to open a cash account. A minimum balance of $2000 is needed to open a margin account.

If you are going to open account, be sure to claim the bonus found below!