MyStockFund

Mystockfund.com is a site for people who want to try out investing, but don't want to come up with a chunk of cash to do it. This site is not for people who want a lot of research tools to look up stocks, bonds, or ETFs before a purchase. Go to a fancier, more expensive site for that! The strength of www.mystockfund.com is its low cost (basic plan is two investments per month for $5.98) and its 'fractional investing' plan. Every Thursday of the month, you have an opportunity to buy thru automatic investing. You can invest as little as $10 per buy, so in many cases this is less than a full stock. So for the basic plan is will cost you a minimum of $20 per month (securities purchases) plus $5.98 in fees (total $25.98 a month). The average person who is curious about online investing could likely afford this. You can switch the week any time you'd like (2nd Thursday of the month in February, 4th Thursday in April). You can also turn off your investments entirely for awhile. The stock/bonds/ETFs available for automatic investing are extensive, but not exhaustive. If you are interested in purchasing one not on the list, you can do that in 'real time', but these purchases are much more expensive ($12.99 per buy). Bottom line is, you'll have a hard time finding a site where you can do 'fractional investing' for less than with MyStockFund. The website is not a beautiful, but it is functional and easy to navigate. I'd highly recommend it for new (or limited income) investors.

I would recommend this for everyone - you can even start a child's account ( great for grandchildren to help them get off to a great start)