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Cheapest stock trading commissions: online brokerage firm accounts offering the lowest trade costs (flat rate) for investors in 2014



4.5-star brokerage firm rating



TradeKing Low Trading Commissions


ProductPrice
Stocks and ETFs $4.95
Options $4.95 + $0.65 per contract
Mutual funds $9.95
Bonds $4.95 per bond ($14.95 minimum)
Treasuries $24.95
Certificates of Deposit (CDs) $24.95

Investments stocks, options, mutual funds, bonds, CDs, forex, treasuries, ETFs
TradeKing minimum deposit to open account $0 for cash account, $2,000 for margin account
FeesTradeKing fees


TradeKing Advantages

  • Great commissions
  • No minimums, or maintenance or hidden fees
  • Free real-time quotes
  • Top-rated customer service
  • Low margin rates
  • Best online investor community
  • Fee-free IRAs
  • Free DRIPs (dividend reinvestment plans)
  • Extensive educational resources


TradeKing Disadvantages

  • Additional $0.01 per share on the entire order for stocks priced at less than $2
  • $50 annual inactivity fee if BOTH apply to an account(s):
    • Combined account value of the household account(s) is less than $2,500
    • No commission-charged trades have been executed in the account(s) during the last 12 months
  • International investors are not accepted
  • Shorter after-hours trading: 4:00 pm - 5:00 pm EST, instead of 4:00 pm - 8:00 pm EST


TradeKing Review

After 2012 merger with Zecco, TradeKing became the sixth largest brokerage house in the United States, with more than 500,000 total accounts. The company offers by far the lowest commissions among big brokerage firms - $4.95 for stock and ETF trades.

TradeKing does not have minimum account balance requirements or hidden fees. Beginners can place broker-assisted trades for the same low price of $4.95, and can learn to trade and pick up investing ideas in the website's friendly community.

TradeKing does not have IRA setup, maintenance, or annual fees. There is a $50 inactivity fee if combined account value of the household account(s) is less than $2,500 AND no commission-charged trades have been executed in the account(s) during the last 12 months.

Read full TradeKing Review.


Open Lowest Commissions Broker Account


(Refer a friend and both receive $50)



4-star brokerage firm rating

Optionshouse Review

Optionshouse Low Trading Commissions


InvestmentsCommissions
Stocks and ETFs $4.75
Stocks and ETFs broker assisted $4.75
Options
Plan 1. Up to five contracts for $5; each additional contract $1
Plan 2. $8.50 + 0.15/contract (great if trading over 10 contracts)
Spreads
Plan 1. Up to 10 contracts for $10; each additional contract $1
Plan 2. $12.50 + 0.15/contract
Mutual funds $9.95
U.S. Treasury bonds and listed corporate bondsOrders are accepted by phone

Investments stocks, options, mutual funds, bonds, ETFs
Optionshouse minimum deposit to open account $1,000 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)
  • Very low margin rates
  • Free virtual trading


Optionshouse Disadvantages

  • For stocks priced $2 or less that are not options eligible, add $0.005 per share for the entire order
  • Shortened after-hours trading: 4:00 pm - 5:00 pm EST, instead of 4:00 pm - 8:00 pm EST
  • Basic charts
  • NTF mutual funds are not offered
  • Very limited research
  • Few educational resources


Optionshouse Review

Don't let the name fool you - Optionshouse is not just for options traders. The firm also provides good investment services and excellent prices for stocks, ETFs, mutual funds, and bonds investors. Optionshouse offers some of the lowest flat-rate commissions on stocks and ETFs - just $4.75 per trade, for unlimited shares. The company does not have minimum account balance, volume or minimum number of trades requirements to get these low rates. Unlike TradeKing, there are no inactivity fees to worry about.

OptionsHouse’s margin rates are some of the best in the industry. Currently if a trader borrows over $1 million, the margin rate is only 1.5%. The highest margin rate is 4% to borrow up to $49,999. The margin rates incrementally decrease from 4% to 1.5% depending on the amount the investor borrows over $50,000.

Read full Optionshouse Review.


Open Cheapest Stock Trading Account

Get 100 commission-free trades at OptionsHouse.


This article was updated on 5/9/2014.



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