This is a good entry, link below, about the different cheap brokers out there. I am a fan of dollar-cost averaging, where you buy the same stock every month. That’s how ShareBuilder works. Now, according to the post, SogoInvest is a good competitor to it. I use InteractiveBrokers, which costs me $10 per month and I get 10 free trades. However, dollar-cost averaging is difficult, since I cannot buy portions of the share, as you can with ShareBuilder. In any case IB is cheap and I like it but I might consider SogoInvest later.
ReferenceSogoInvest.com – New Discount Brokerage, $3 Trades, MyMoneyBlog
Sogoinvest is all right, if you don’t need useful trade tools or research information available from other brokers. If you don’t mind your ACH money transfert to take five days. And if you don’t mind having inaccurate account summary/position information while the market is closed.