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$3 Stock Trades Brokerage Firms 2012
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Many investors are asking me if there are discount brokerage firms that charge $3 or less to buy/sell stocks/ETFs. And my answer is "Yes".
Stock broker commissions came down a lot since the time Charles Schwab introduced discount stock trading for $30 per trade. Competition
among brokerage houses is stronger than ever, with new companies continuously pressuring established ones with aggressive pricing. There is
a clear trend of lower commissions and fees.
Let's take a look at discount brokerage firms offering $3 or less commissions on buying/selling securities (stocks and ETFs):
ChoiceTrade is the best overall option among these online brokers. It charges just $0.005 per share with $1 (yes, one dollar)
minimum commission. With that rate all orders of up to 200 shares will cost you $1! And all orders of up to 600 shares will be $3 or less.
Read full: ChoiceTrade Review.
Interactive Brokers commissiona are the same as at ChoiceTrade: $0.005 per share with $1
minimum for SMART routed orders. You have to keep in mind additional
costs though: Interactive Brokers will charge $10 per month inactivity fee and $10 for market data if your trading
commissions are less than $30 per month. Total inactivity fees could be as high as $240 per year.
Read full Interactive Brokers Review.
Sogotrade offers flat-rate $3 per trade commission. For stocks/etfs priced under $1, the online commission is $3 plus 0.5% of the
principal value. Extended hours trading is not available for SogoTrade accounts. There are customer service and technical issues with the
firm.
Read full Sogotrade Review.
eOption offers flat-rate $3 per trade commission. Extended hours trading rate is $25 for up to 5,000 shares, $0.003 per share for over
5,000 shares. Customers are reporting multiple bugs and customer service problems.
Read full eOption Review.
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