Best Deep Discount Brokers

Best Deep Discount Online Trading Brokerage Firms in 2015



Many individual investors and even traders are still unaware that there are deep discount brokers that charge $5 or less per trade to buy or sell stocks or ETFs. Stock commissions came down a lot since the time Charles Schwab introduced discount stock trading at $30 per trade. Competition among brokerage houses is now stronger than ever, with new companies constantly pressuring established players with aggressive pricing. There is a clear trend of lower trading commissions and fees that continues in 2015.

Let's review the pricing of the best deep discount brokerage firms offering commission $5 or less on trading stocks and ETFs in 2015.




TradeStation

TradeStation offers one of the lowest rates among discount online brokers: it charges just $0.01 per share for the first 500 shares, $0.006 per share thereafter, with $1 minimum per trade. With that rate all stock trades of up to 100 shares will cost you just $1!

Unfortunately, there is a serious disadvantage with this broker: $99.95 fee will be charged to use their trading platform if customer did not trade at least 5,000 shares in previous month. With this fee it does not make sense to open account at the firm unless you can meet this requirement.

In 2015 TradeStation was rated Best for Frequent Traders and Best for International Traders by Barron's magazine. We rated the firm Best for Futures Traders and Best for Day Traders in 2015.

Read full: TradeStation Review.


TradeStation Promotion Offer

Trade commission free for up to 90 days.

Open Tradestation account





Optionshouse

Optionshouse is a top deep discount brokerage firm charging flat-rate $4.95 for stock or ETF trades regardless of the number of shares in the order. For stocks priced $2 or less that are not options eligible, there is additional surcharge of $0.005 per share for the entire order. Options trading is available with $4.95 + $0.50 per contract rate.

Mutual funds are priced higher than at TradeStation: $20 per transaction.

Optionshouse is one of the top choices for active traders and day traders looking for flat rate commission account to make larger trades that will be too expensive with per-share plan. The firm offers free real-time quotes and virtual trading. Unlike TradeStation, there are no fees for inactivity and for IRA accounts.

Read full Optionshouse Review.


Optionshouse Promotion Offer

Trade Free For 60 Days when you Open a New OptionsHouse Account

Open Optionshouse account

This article was updated on 2/24/2015.


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