Best brokerage firms

Best brokerage firms: top rated online discount stock brokers in 2015



On this page we list brokerage companies that offer the lowest trading commissions and fees, and the highest quality of client services. We reviewed and compared over 30 top rated U.S. investment/trading online discount stock broker accounts and selected three best brokerage firms for 2015.








Best Brokerage Firm Pricing


InvestmentsCommissions
Stocks and ETFs $7
Stocks and ETFs broker assisted $32
Stocks and ETFs interactive voice response (IVR) telephone system $32
Options $7 + $1.25 per contract
Mutual funds 3,000+ commission-free NTF funds, $17 for others
CDs, OTC Secondary Corporates, OTC Secondary Municipals,
U.S. Treasury Bills, Notes, Bonds and STRIPS, New Corporate Offerings
subject to a markup or markdown
Listed Corporate Bonds $35 + $3 per bond (minimum investment $1,000)
Unit Investment Trusts (UIT) $50 liquidation fee
Foreign Stocks Transferring In or Out $60 per transaction

Investments stocks, options, mutual funds, CDs, munis, U.S. Treasury, Canadian and foreign stocks, ETFs
Scottrade minimum deposit to open account $2,500 ($0 for IRA accounts)
FeesScottrade fees

Scottrade Advantages

  • No inactivity, account maintenance or hidden fees
  • No-fee IRAs
  • #1 in customer satisfaction according to JD Power and Associates
  • 500+ local branches for in-person assistance
  • Great support for beginner investors with a massive number of educational resources
  • Good banking services: savings, CDs, money market and free checking accounts (free ATM withdrawals, VISA check card, and first order of checks free)
  • Free real-time streaming quotes and charts
  • Free dividend reinvestment
  • Large number of mutual funds available - over 14,500

Scottrade Drawbacks

  • Additional 0.5% of the principal value commission for stocks under $1
  • No electronic withdrawals, but you can use a debit card or check. Once you receive checks, you will have the routing number and account number, which you can use to withdraw money via ACH initiated from other financial institutions
  • Outdated, cluttered website design

Full Scottrade Review


Scottrade Review

Link To Scottrade Promotion


Get up to $2000 when you open new account or add funds to existing account.

Open Scottrade account



4.5-star brokerage firm rating


Optionshouse Review

Best Brokerage Firm Pricing


InvestmentsCommissions
Stocks and ETFs $4.95
Stocks and ETFs broker assisted $4.95
Options$4.95 + $0.50 per contract
Mutual funds $20

Investments stocks, options, mutual funds, bonds, ETFs
Optionshouse minimum deposit to open account $0 for cash account, $2,000 for margin account
FeesOptionshouse fees

OptionsHouse Advantages

  • Low commissions
  • Free streaming quotes
  • No fee IRA accounts
  • No volume requirements, or maintenance or inactivity fees
  • Free check-writing privileges
  • Free DRIPs/Dividend Reinvestment (complete, non-fractional shares only)
  • No surcharges for large orders or extended hours trading
  • Low margin rates
  • Free virtual trading

OptionsHouse Drawbacks

  • For stocks priced $2 or less that are not options eligible, add $0.005 per share for the entire order

Full OptionsHouse Review


Optionshouse Review

Link To OptionHouse Promotion


Trade Free For 60 Days when you Open a New OptionsHouse Account

Open Optionshouse account



4.5-star brokerage firm rating


OptionsXpress review

Best Brokerage Firm Pricing


InvestmentsCommissions
Stocks and ETFs$8.95
Options$14.95 for up to 10 contracts, $1.50 per contract for over 10 contracts
Options Active Traders$12.95 for up to 10 contracts, $1.25 per contract for over 10 contracts
Mutual funds $9.95
Bonds$5 per bond, $9.95 minimum
Futures$3.50 per contract
Forex No commissions. optionsXpress receives compensation through the bid/ask spread.
Options on Futures $3.50 per contract
Spreads, Straddles & Combos2-10 contracts - $12.95 flat (active traders) $14.95 flat (non-active traders); 10 + contracts - $1.25 per contract (active traders); $1.50 per contract (non-active traders)

Investments stocks, options, mutual funds, bonds, futures, options on futures, covered calls, forex, ETFs
OptionXpress minimum deposit to open account $0 for cash account, $2,000 for margin account
FeesOptionsXpress fees

OptionsXpress by Charles Schwab Advantages

  • Very cheap mutual fund commissions at $9.95 per transaction
  • Best customer service
  • Many well-designed trading tools and cutting-edge trading technology
  • Free streaming quotes
  • 50 free trades bonus for opening new account
  • No fee IRA accounts
  • Great research
  • Free virtual trading
  • Helpful investor community
  • No money down to open new account
  • Free account transfers
  • Free instructor-led online classes
  • Free broker-assisted trading
  • Free DRIP: dividend reinvestment plan (contact customer service to set up)
  • Access to financial advice and additional brokerage services through Charles Schwab

OptionsXpress by Charles Schwab Drawbacks

  • Higher than average commissions on stocks and ETFs

Full OptionsXpress by Charles Schwab Review


OptionsXpress Review

Link To OptionsXpress Promotion


Open OptionsXpress account and get 50 free trades.

Open Optionsxpress account





Best Brokerage Firms


Above is the list of our three top rated, best brokerage firms in 2015. These discount online trading companies accept USA-based customers, and enable their clients to buy and sell stocks listed on NYSE, NASDAQ, and other exchanges. Some of these stocks are included in S&P500 and Dow indexes. OptionsXpress is also open to international investors, so if you are one of them read this first.

Of course, the companies mentioned in this article are also offering their customers an ability to invest in literally thousands of various mutual funds from most major mutual fund families including Vanguard and Fidelity. The types of mutual funds available are no-load, load, NTF (no transaction fee), index funds, bond and target retirement funds, and others. The firms also allow options trading as well as investing in ETFs and a majority of available bond securities.

You can open new account or transfer your existing brokerage house account by clicking on one of the links on the Brokerage-Review.com website. Optionshouse allows opening an account with no initial deposit ($0 down). All three firms offer promotion incentives for new customers.

The best online brokerage for beginner investors and for IRA accounts is OptionsXpress - there are no IRA fees: individual retirement account setup, inactivity, or annual maintenance fees. Unlike most of its competitors, the company does not even charge customers for closing their IRA account.

If you are only comfortable investing with large, well-known online brokerage firm, then OptionsXpress (now owned by Charles Schwab) and Scottrade will be great choices. The companies belongs to the "Big 5 Brokerages" - the five largest brokerage houses in the U.S.

For active stock and options traders Optionshouse offers one of the best brokerage accounts with cheap trading costs as well as an award winning suite of trading tools. The firm charges just $4.95 per trade! It also provides lots of valuable services for free.

In sammary, we rated OptionsXpress, Optionshouse and Scottrade the Top Brokerage Firms in 2015 in the United States for do-it-yourself (DIY) investors. Each broker has unique strengths that will appeal to various groups of customers. All these firms are safe: they are members of FINRA and SIPC, which means that they are regulated by U.S. government, and their client accounts are insured for up to $500,000 per customer, including up to $250,000 in cash.

This article was updated on 5/19/2015.




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