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Originally Posted by soma
scottrade
But the thing is, to get in and out of your xm position, you have to pay 14 dollars. And let's say that you invest the full $200. That would mean commission alone would cost 7% of your initial investment, so you would have to have at least a 7% return on your 200$ just to break even.
Just something you should consider before starting investing. It's not easy money, but best of luck.
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I've used Scottrade for a few years and would recommend it. I agree with soma about the commission. You might want to wait until you can put in more for your intial investment.