Brokerage firms with dividend reinvestment

Best free dividend reinvestment brokerage firms (DRIP)


5-star brokerage firm rating

optionsXpress review

Dividend Reinvestment Brokerage Commissions


  • Stocks and ETFs: $8.95
  • Options (active traders): $12.95 for up to 10 contracts, $1.25/contract for over 10 contracts
  • Options (non-active traders): $14.95 for up to 10 contracts, $1.50/contract for over 10 contracts
  • Mutual Funds: $9.95
  • Bonds: $5 per bond, $9.95 minimum
  • Futures: 1-40 contracts $6.99; 41-100 contracts $5.99; 101-300 contracts $4.99; 301-1,000 contracts $3.99; 1,001 + contracts $2.99
  • Options on Futures: 1-40 contracts $12.99; 41-100 contracts $8.99; 101-300 contracts $7.99; 301-1,000 contracts $6.99; 1,001 + contracts $5.99
  • Covered Calls: $22.90 up to 10 contracts
  • Penny Options: 1-10 contracts $4.95 flat; 10 + $0.50/contract
  • Spreads, Straddles & Combos: 2-10 contracts - $12.95 Flat (active traders) $14.95 Flat (non-active traders); 10 + contracts - $1.25/contract (active traders); $1.50/contract (non-active traders)
  • Investments: stocks, options, mutual funds, bonds, futures, options on futures, covered calls, ETFs
  • Minimum to open OptionXpress account: $0 for cash account, $2,000 for margin account
  • All OptionXpress fees

OptionsXpress Pros

  • Best customer service
  • Many well-designed trading tools and cutting-edge trading technology
  • Free streaming quotes
  • $100 bonus for opening new account
  • No fee IRA accounts
  • Great research
  • Free paper trading
  • No money down to open new account
  • Free account transfers
  • Free instructor lead online classes
  • Free broker-assisted trading
  • Free dividend reinvestment (contact customer service)
  • No platform fees

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OptionsXpress Review


4-star brokerage firm rating


Dividend Reinvestment Brokerage Commissions


  • Stocks and ETFs: $4.95
  • Stocks and ETFs priced under $1: $6.95
  • Stocks and ETFs broker assisted: $19.95
  • Options: $4.95 plus $0.65 per contract
  • Options exercises and assignments: $4.95
  • Mutual Funds: $10
  • Forex: spreads as low as 1-2 pips for most major currency pairs
  • 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 Zecco account: $0
  • All Zecco fees

Zecco Pros

  • Very low commissions
  • No account minimum, maintenance or inactivity fees
  • Free streaming data
  • Free dividend reinvestment
  • Great online community
  • Could open account with no money down
  • No surcharge for large orders

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Zecco Review


3-star brokerage firm rating

Firstrade Review

Dividend Reinvestment Brokerage Commissions


  • Stocks and ETFs: $6.95; for stocks at or under $2 and trades over 5,000 shares, add 1/2 cent per share for the entire order
  • Options: $6.95 plus $0.75 per contract for market and limit orders
  • Mutual funds: $9.95 no-load funds, $0 load funds
  • Bonds: net yield basis
  • CDs: $30 for primary market CDs, net yield basis for secondary market CDs
  • Investment products: stocks, options, mutual funds, bonds, CDs, ETFs
  • Minimum to open Firsttrade account: $0
  • All Firstrade fees

Firsttrade Pros

  • $0 minimum to open account
  • 10,000 mutual funds and fixed income investments to choose from
  • No inactivity or account maintenance fees
  • No annual, setup or termination fees for IRA accounts
  • Free dividend reinvestment

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Firstrade Review


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