USAA offers an online and mobile platform for traders to trade stocks and options. The account can be opened very quickly, and traders can make use of the smart tools of USAA to make intelligent investment decisions.
USAA begins the process with a holistic education to the beginners. Aspiring traders can learn the basics of stocks compared to other financial instruments, how to gather relevant information, how to understand financial statements of companies, along with the basics of ETFs, portfolio management, and the use of leverage.
The training provided by USAA is supported by its research and trading tools to help make successful trading moves. USAA gives information about the macro elements of trading like the importance of balancing the portfolio, world stock market capitalization, the cost of market timing, and much more. USAA also provides insights into the market through its quarterly and annual market reports.
USAA also equips traders with robust tools like stock screeners to search stocks based on pre-defined criteria. The trading platform of USAA is highly developed and provides fast and reliable order executions. The portfolio can also be accessed through mobile devices, and the trades can be placed from anywhere using USAA mobile app.
USAA offers low commission rates on trading stocks, ETFs, and options. Some ETFs can be traded without commissions as well. The minimum commission per stock trade is $8.95 while for stocks priced at less than $1, an additional $0.01 per share charge is applied. There is an additional charge of $0.75 per contract for trading options. USAA also charges an additional commission for broker-assisted trading.
Overall, USAA provides reliable and secure online and mobile trading in stocks, options, and ETFs at low commission rates. Traders can also benefit from independent and comprehensive research to help them make their stock selections.