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Compare ShareBuilder versus TradeMonster
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- Stocks and ETFs: $7.50
- Options: $0.50 per contract, minimum $12.50 for single leg orders and $7.50/leg for multi-leg orders
- Mutual Funds: $15 to buy, $0 to sell
- Bonds: $15
- Investments: stocks, options, mutual funds, bonds, ETFs
- Minimum to open account: $2,000
- All tradeMONSTER fees
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- Automatic Investments: Basic plan - $4 per investment
- Standard plan - $12/month, you get 6 automatic investments and each additional is $2
- Advantage plan - $20/month, you get 20 automatic investments and each additional is $1
- Real-time stock and ETF trades: $9.99
- Options: Early Exercise - $30 per early exercise, no trade commission; Automatic Exercise -
$20 per automatic exercise, no trade commission
- Mutual funds: 70 free funds including the ING Mutual Funds. 170 no-load funds from leading no-load mutual fund families
- Investment products: stocks, options, mutual funds, ETFs
- Minimum to open account: $0
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- Best margin rates
- Selling mutual funds is free
- No inactivity or account maintenance fees
- No-fee IRAs
- No hidden fees
- Free trading simulator, paper trading
- Lots of learning materials for a beginner investor
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- Very low Automatic Investing Plans costs
- Free dividend and capital gains reinvestment
- No account minimum
- No-fee IRA and ESA accounts
- No inactivity or maintenance fees
- Ability to buy fractions of a stock
- $0 to open cash account, $2,000 for margin account
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- Additional 1.5 cents per share for extended hours trades
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- Real-time trades at $9.95 are somewhat expensive
- You don't know at what price you are buying investments with Automatic Investing Plans
- Weak trading tools
- Slow executions
- Few mutual fund choices
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TradeMonster or ShareBuilder Comparison Summary
TradeMonster and
ShareBuilder
are suited for two different types of investors. ShareBuilder is the only
brokerage firm offering automatic invetsing plans. This is ideal for people that don't believe that you could
time the market or don't have time to follow it and are looking to dollar-cost-average their investments
by arranging to have a set amount invested daily, weekly, biweekly or monthly.
TradeMonster is great for customers who are looking to invest in mutual funds or beginner investors.
Because TradeMonster has no IRA or inactivity fees, it is also one of the
best IRA brokerages.
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