SiebertNet Reviewer's Comments

SiebertNet was founded in 1967—making it the oldest discount online brokerage. This extensive experience has allowed Muriel Siebert and her firm to learn what investors need and want from their broker.

SiebertNet seems to cater to clients with large accounts who are active traders.

Fees/Commissions:  

SiebertNet charges a flat rate of $14.95 per trade. There is a $34.00 minimum fee for options trades. This is one of the more expensive flat–rate commissions among online stock trading services.

Investments Offered:  

SiebertNet will help you set up an IRA for retirement or an education savings plan for your or your children’s higher education.

They offer bonds; however, you can’t trade bonds online. You have to go through there customer support service.

Trading/Investment Features:  

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.

Security:  

SiebertNet is a member of the SIPC, provides a secure website for data transfer and guarantees full fraud protection.

Ease of Use:  

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.

Support/Customer Service:  

SiebertNet has seven locations nationwide, their website is full of helpful documentation and you can contact the firm through email or phone.

Summary:  

SiebertNet ranks as one of the best online brokers in the nation. Larger and active investors will find that this broker fits their needs; however, new investors can find lower commissions somewhere else.