Is it safe to open an online investment/stocktrading account?

bigfranky75 asked:


In this crazy economic environment, with all of these banks and investment houses folding, is it a safe bet to open up an account with TD Ameritrade, Scottrade, SOGO, or a similar online brokerage company? If so, any thoughts and/or suggestions?

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One Response

  1. SDD Says:

    It’s quite safe. Accounts are insured by SIPC. Schwab, Ameritrade, WellsTrade are all good brokers.