$1 Stock broker commissions

$1 stock trading commission 2010

Is it possible to get $1 stock trades?




Many people are asking me if there are brokerage firms that charge $1 or less to buy/sell stocks. And my answer is "Yes". Stock broker commissions came down a lot during the last decade. The competition among top brokerage houses is intense and that means low prices and huge savings in trading costs for investors who are willing to shop around and transfer their account to another company.

There are, in fact, three discount stock brokerage firms where you could buy and sell stocks for one dollar. But with conditions. Let’s take a closer look at them.


Zecco

Zecco gives you 10 FREE stock trades EVERY month if you have at least $25,000 account balance OR make at least 25 trades a month. Otherwise it’s flat-rate of $4.50 per trade (which is extremely good). So with Zecco you could actually trade for free if you have $25K and make up to 10 trades a month. And you could have about $1 stock commissions if you have $25K in balance and make 11-13 trades a month.

More about Zecco: Zecco Review.



LightSpeed Trading

LightSpeed Trading charges just $0.0039 per share with $0.40 (yes, forty cents) minimum commission. With that rate all orders of up to 250 shares will cost you $1 or less!

More about LightSpeed Trading: LightSpeed Trading Review.



Interactive Brokers

Interactive Brokers commission is somewhat higher than in LightSpeed Trading: $0.005 per share with $1 minimum for SMART routed orders. This means that if you buy up to 200 shares it will cost you $1. You have to keep in mind additional costs though: Interactive Brokers will charge you $10 per month if your trading commissions are less than $30 per month.


More about Interactive Brokers: Interactive Brokers Review.


Share |

Stock broker promotions:
Copyright ©2009-2010 Brokerage-Review.com. All rights reserved.
The stock brokerage firm you select is solely responsible for its services to you, the user. Brokerage-Review.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of a brokerage house's services. Brokerage-Review.com has partner relationships with other companies. As a partner, we often provide reviews of products and services based on our personal opinions. We are not compensated for positive reviews. While we strive to make sure that the information we present here is true and accurate upon publication, the rates and offers that we share with you may change without notice, so please visit the sites we reference for more up to date information.