TD Ameritrade vs MB Trading
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TD Ameritrade vs MB Trading: Trading Fees and Investments 2012
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- Stocks and ETFs: $9.99
- Stocks and ETFs broker assisted: $49.99
- Stocks and ETFs Interactive Voice Response (IVR) Telephone System: $34.99
- Options: $9.99 plus $0.75 per contract
- No-load mutual funds: $49.99
- Treasuries at auction: $25 flat fee
- All other bonds and CMOs, CDs: on a net yield basis
- Futures: $3.50 per contract (inclusive of exchange fees)
- Investment products: stocks, bonds, mutual funds, options, ETFs, bonds, CDs, UITs, futures and forex
- Minimum to open TD Ameritrade account: $0 for cash account, $2,000 for margin account
- All TD Ameritrade fees
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- Stocks and ETFs: $4.95 for limit and market regular hours orders for up to 10,000 shares
- OR $0.0075 per share with a $4.95 minimum per trade (proprietary order routing through MBTX system)
- Executions on foreign stock exchange: $4.95 + 0.01 per share
- Options: $0.95 per contract, per side, and no minimum ticket charge
- Mutual funds: $12.95 for no-load funds
- Bonds: $12.95
- Futures: $0.95 per contract
- Pink Sheets & OTC BB: $8.95 per trade, no limit to number of shares
- Forex: $2.95 per $100,000 traded
- Investment products: stocks, options, mutual funds, Forex, futures, bonds, ETFs
- Minimum to open MB Trading account: $1,000 for cash account, $2,000 for margin, $400 for a Forex, $500 for IRA
- All MB Trading fees
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TD Ameritrade vs MB Trading: Pros
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- No surcharges on penny stocks, large orders and after-hours trading
- Large and well known company with many local branches
- Two excellent trading platforms (ThinkOrSwim and Trade Architect)
- Practice trading without risking your own money using paperMoney
- See what other traders are doing on myTRADE trader community
- Free IRA accounts
- No maintenance and inactivity fees
- Free streaming quotes, including Level II
- Large selection of independent, third-party research (Standard & Poor's, Morningstar, Jaywalk and TheStreet)
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- Good commissions on market and limit orders (regular hours only and below 10,000 shares)
- Excellent trading tools
- Great customer service
- No ECN and exchange fees
- No maintenance, inactivity or hidden fees
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TD Ameritrade vs MB Trading: Cons
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- $9.99 commission for stocks/ETFs and $49 commission for mutual funds are high
- The website is sometimes very slow or even down on the high volume days
- High margin rates
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- Surcharge of $0.005 per share for extended hours and orders
executed using the Reserve, Discretionary, or Pegged order types
- $30 annual fee for IRAs
- High margin rates
- $0.01 per share fee to exercise options contracts
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MB Trading vs Ameritrade: Comparison Summary
TD Ameritrade (TD Ameritrade Review)
has commissions on stocks and ETFs that are twice as expensive as MB Trading's
(MB Trading Review): $9.99 versus $5.
However, MB Trading charges $0.005 per share more for extended hours trading and more complicated order types.
Unlike MB Trading, TD Ameritrade does not have annual IRA fee and we recommend it for a brokerage retirement account.
Both companies don't charge account maintenance and inactivity fees, offer good customer service, trading tools and
easy account opening process.
We recommend TD Ameritrade for IRA accounts, beginners and "buy-and-hold" investors. MB Trading is good for active traders.
There are also other Top Rated Brokerage Firms
that offer lower costs and same or above level of services.
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