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Trading Block Review 2012
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Trading Block Review: Commissions, Fees and Investment Products
- Stocks and ETFs: $7.50
- Options: $7.50 plus $0.75 per contract
- Mutual funds: $20
- Bonds: $30
- Investment products: stocks, options, mutual funds, bonds, ETFs, futures, forex
- Minimum to open Trading Block account: $500
Trading Block Pros
- Few fees
- No surcharges on penny stocks, large orders and extended hours trades
- No IRA fees (except for $45 yearly IRA Custodian fee and $75 IRA Termination fee)
Trading Block Cons
- Terrible trading tools
- $30 per year Inactive Accounts Fee (if no activity in 12 months)
- Few investment products
- High margin rates
- No interest on cash
- Brand new company - opened in September 2010
Trading Block Review 2012 Summary
Trading Block is brand new discount online brokerage firm that begun offering its services in September of 2010.
The company offers about average in the industry commissions: stock and ETF trades are $7.50 per trade and
mutual fund transactions are $20. Trading Block does not have surcharges on penny stock, large-size and extended hours orders
(most brokers have one of these surcharges and some have two). There is, however, $30 per year inactivity fee if user does not trade at
least once per year.
Trading Block does not charge annual IRA fee as well as IRA setup fee. But it is not a good option for an individual retirement account
because of Account Inactivity fee.
In summary, Trading Block is a pretty average brokerage firm with nothing exciting to offer customers as of now.
Trading Block
Reviewed by Brokerage Review on
.
Rating: 3
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