Noble Trading vs TD Ameritrade
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TD Ameritrade vs Noble Trading: Fees and Investments Offered
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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
- Ameritrade login, TD Ameritrade promotional code
and Ameritrade referral code
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- Stocks and ETFs: $7.95
- Or 0.008 per share + ECN fees, $3.95 minimum per trade and $5000 minimum account size
- Options: $7.95 plus $1 per contract for market and limit orders
- Mutual funds: $45
- Us Treasuries & Agencies Cmo: $40
- Muni Bonds: $40
- Futures: $1.50 per contract, per side
- Investment products: stocks, options, mutual funds, munis, futures, ETFs
- Minimum to open Noble Trading account: $500 for cash account, $2000 for margin account
- All Noble Trading fees
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- No surcharges on penny stocks, large orders and after-hours trading
- Large and well known company with many local branches
- Very good trading platform
- Free IRA accounts
- No maintenance and inactivity fees
- Free streaming quotes
- Large selection of independent, third-party research (S&P, Morningstar Associates, and ResearchTeamTM)
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- Good customer service
- $500 minimum to open cash account, $2000 for margin account
- Forex trading is available
- Checking account (but with annual fee)
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- $9.99 commission for stocks/ETFs and $49 commission for mutual funds are high
- Occasional poor order execution
- The website is sometimes very slow or even down on the high volume days
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- Expensive mutual fund commissions
- Extremely high trading platform fees
- Account maintenance fee: $25 annually, if less than 10 trades per year
- Annual IRA fee: $35
- Outgoing ACAT: $100 - most companies have this fee, but few have it so high
- Option exercise: $40
- Numerous market data and miscellaneous fees
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TD Ameritrade vs Noble Trading: Comparison Summary
When comparing stock and ETF commissions, Noble Trading
is definitely cheaper than TD Ameritrade (Ameritrade Review):
$7.95 versus $10 per trade. But when comparing mutual fund trading fees, Ameritrade comes ahead $35 versus $45
(though $35 is still very high).
TD Ameritrade has no account maintenance and inactivity fees. It also does not charge IRA setup and annual IRA
fees, though it did not made it into our
Top IRA list, where one could find
Optionshouse,
OptionsXpress (OptionsXpress Review) and
Scottrade (Scottrade Review).
Noble Trading does have maintenance fee as well as annual IRA fee. In fact this is one of the most "fee-rich"
brokerage companies we've reviewed. It does not, however, suffer from website
lagging and order execution problems that happen at TD Ameritrade on high-volume days.
The firm provides good customer service and low initial deposit requirement.
For people new to investing there are online brokerage firms that offer helpful online social networking features
where members could ask questions, learn from more experienced investors and even get investment ideas. Check out
our Brokerages for New Investors recommendations.
We recommend TD Ameritrade for IRA accounts and "buy-and-hold" investors.
Tradestation platform is way too expensive for everyone but
professional traders. There are highly rated online brokers in our Best Brokerages article,
with much lower commissions and no trading platform fees.
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