SiebertNet was founded in 1967—making it the oldest discount brokerage. This company was started by Muriel Siebert the first female member of the New York Stock Exchange and the first woman Superintendent of Banking for New York State. This extensive experience has allowed Muriel Siebert and her firm to learn what investors need and they have put together a really competitive service with high-touch customer service.
SiebertNet Standout Features:
SiebertNet charges a flat rate of $14.95 per trade. There is a $34.00 minimum fee for options trades. Their option trade rate is one of the highest around; however, their margin rates are set at only 1-2% over base rate.
SiebertNet offer stock, options, over 15,000 mutual funds (6,539 of them with no load and 1,985 with no transaction fee) and EFT trades as well as a varied collection of money market funds. They can also help you set up an IRA for retirement or an education savings plan for you or your children’s higher education.
They offer bonds; however, you can’t trade bonds online. You have to go through their customer support service.
Muriel Siebert really offers a superb service for mutual fund investing.
This website is easy to navigate with well–labeled tabs and links. They also provide virtual tours and tutorials that will teach you the ins and outs of the service. They have recently updated or changed their site, which can be confusing at first, but they offer information to help understand the changes that have taken place.
SiebertNet provides its clients with many investment tools and educational resources. There are alerts so you can set your desktop to notify you when a change in a stock occurs. Also, there are charts and graphs and level I and II quotes.
This online broker offers streaming news, newsletters and analyst research reports so you can make educated decisions and better plan your trading strategies.
Siebert actually offers some of the best research tools, including screeners, an EFT tracker, real-time analyst actions, Edgar Online, GainsKeeper and much more. They even offer 500,000 pay-as-you use research reports through Reuters.
SiebertNet has seven locations nationwide, their website is full of helpful documentation and you can contact the firm through email or phone. The rumor is that Siebert has well above average support by telephone, which is always nice to hear.
SiebertNet ranks as one of the best online brokers in the nation. They do not offer the lowest fees, but they have above average research tools and stellar, educated customer support.

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