I have ME for many years, actually it was BOA account at first.
30 free trades per month is nice, save your trading cost.
It could lock your cash up, but I think it is a good idea, because you don't want to bet too much at first.
I used it as separate lab to test out my trading ideas.
Paper trade and back test is not enough.
Only last year, I added IB because the cost of trading is also low, about $1.00 for buying 100 shares and $1.03 for selling 100 shares.
If you are doing DT, ME is actually not good.
Right now, I use IB to do short term, ME to do the short-mid term, and use company 401K to do long term.
Good luck.
|