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- Stocks and ETFs: $9.95 if under 1001 shares; $0.01 per share if over 1000 shares
- Options (0-34 trades/quarter): $14.95 (for one contract), $14.95 (for five contracts), $15 (for 10 contracts), $30 (for 20 contracts)
- Options (35+ trades/quarter): $12.95 (for one contract), $12.95 (for five contracts), $12.95 (for 10 contracts), $20 (for 20 contracts)
- Mutual Funds: $14.95
- Investments: stocks, options, mutual funds, bonds, futures, ETFs
- Minimum to open account: $0 for cash account, $2000 for margin account
- All OptionXpress fees
IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA.
Minimum Account Balance: none.
IRA Setup Fee: $0.
IRA Annual Fee: $0.
Investing Products: Stocks, ETFs, Mutual Funds, Bonds, Options, Futures.
optionsXpress IRA account is one of the best choices if one is looking to invest in mutual funds.
The firm earned 4.5 (out of 5) stars rating in 2009-2010 investor surveys
on its Trade Experience, Usability, Ranges of Offerings, Research and Educational Resource and Customer
Service.
optionsXpress offers free IRA accounts with no IRA setup or annual IRA fees. Read full
optionsXpress IRA review.
optionsXpress
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- Stocks and ETFs: $7
- Options: $7 plus $1.25 per contract
- Mutual Funds: 2,800+ for free, $17 for all others
- Investment products: stocks, options, mutual funds, CDs, munis, Canadian stocks, ETFs
- Minimum to open account: $500
- All Scottrade fees
IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA.
Minimum Account Balance: $500.
IRA Setup Fee: $0.
IRA Annual Fee: $0.
Investing Products: Stocks, ETFs, Options, Mutual Funds, CDs, Munis, Canadian Stocks.
Scottrade's IRA account is excellent for beginners, those who invest in mutual funds, and long-term,
"buy and hold" investors. There are over 2,800 free mutual funds available at Scottrade. Since
Scottrade is a well-established, seasoned brokerage firm with a very good reputation, it is
a natural choice for people nervous about opening their retirement investment account at the newer companies.
Scottrade IRAs are free: there is no IRA setup and annual IRA fees. The firm is consistently rated at the top in customer
service and investor satisfaction. Read full
Scottrade IRA review.
Scottrade
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- Stocks and ETFs: 10 free stock and ETF trades per month with $25K min. account balance OR if you make 25 trades/month
- $4.50 per stock trade (if not meeting above requirements)
- Options: $4.50 plus $0.50 per contract
- Mutual Funds: $10
- Bonds: $4.50 per bond, with $22.50 minimum per transaction
- Treasury: $24.50 per transaction
- Investments: stocks, mutual funds, options, Forex, Bonds, Treasury bonds, ETFs
- Minimum to open account: $0
- All Zecco fees
IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA.
Minimum Account Balance: none.
IRA Setup Fee: $0.
IRA Annual Fee: $30.
Investing Products: Stocks, ETFs, No-load Mutual Funds, Options.
Even with $30 annual IRA fee, we still think that Zecco brokerage offers one of the best values on IRA accounts.
But only if you have $25,000 account balance and trade stocks 1-15 times a month. In that case Zecco in the
cheapest stock broker for you.
Zecco has no IRA account minimums, no inactivity fees and free dividend reinvestment. Read full
Zecco IRA review.
Zecco
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IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA.
Minimum Account Balance: none.
IRA Setup Fee: $0.
IRA Annual Fee: $0.
Investing Products: Stocks, ETFs, Networked No-load Mutual Funds, Options.
OptionsHouse offers $2.95 flat-rate stock commission and $9.95 flat-rate commission for mutual funds.
In Barron's magazine 2009 online stock broker ratings OptionsHouse got 4.5 stars (out of 5)
and was named #1 in "Trade Experience".
OptionsHouse has no Traditional (Roth, Rollover) IRA account balance minimums, IRA setup or annual fees. With only
$10 for a mutual fund purchase/sale it's one of the cheapest brokerages if you plan to invest in mutual funds.
Read full
OptionsHouse IRA review.
OptionsHouse
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