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Best ETF commissions: discount brokerage firms offering lowest ETF fees in 2010
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$2.95 flat-rate ETF trading fee (even for broker assisted trades).
- Lowest stock commissions in the industry
- Efficient trading tools
- No account minimums. Minimum initial funding size is $1,000 for a cash account and $2,000 for a margin account
- No fee IRA accounts
- No volume requirements and inactivity fees
- Free check-writing privileges
- No surcharges for large orders, penny stocks and extended hours trading
- Very low margin rates
- Might not be the best for beginner investors
Optionshouse Review
OptionsHouse
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10 free trades each month with $25,000 minimum account balance requirement or 25 ETF trades per month.
$4.50 ETF trade commission if does not meet $25,000 account balance requirement or 25 ETF trades per month.
- Free/very low commissions
- No account minimum or inactivity fees
- Virtual trading environment
- Forex trading
- Free dividend reinvestment
- Great investing community
- Minimum to open account: $0
- No surcharges for large orders, penny stocks and extended hours trading
- Annual IRA fee: $30
- No extended hours trading
Zecco Review
Zecco
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$3 ETF trading fee for unlimited shares.
- Very low commissions
- Fractional shares available with no monthly subscription fee
- No inactivity fees
- Cannot invest in mutual funds and bonds
- For stocks priced under $1, the online commission is $3 plus 0.5% of the principal value
- Bad trade execution
- Poor trading platform
- Very slow new account set up process
- Customer service complains
- No interest on customer's cash
- No IRA accounts offered
Sogotrade Review
SogoTrade
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$4.95 ETF commission (even for broker assisted trades) for stocks/ETFs over $1.
- One of the best in trading commissions
- No minimums or hidden fees
- Award-winning trading tools
- Best rated customer service
- Low margin rates
- Best online investor community
- Fee-free IRAs
- Extensive educational resources
- Extra $0.01 per share on the entire order of stocks priced less than $1
TradeKing Review
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