|
|
Lowest stock commissions: compare discount stock broker firms with best trading fees in 2010
|
|
|
- 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 account
- No volume requirements and inactivity fees
- Free check-writing privileges
- No surcharges for large orders, penny stocks and extended hours trading
- Might not be the best for beginner investors
Optionshouse Review
OptionsHouse
|
|
|
- 10 free stock trades/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
- 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
Zecco Review
Zecco
|
|
|
- Stock commission is $0.005 per share with $1 minimum per trade for SMART routed orders
- Options commission: $0.70 per contract plus exchange fees
- Mutual funds: not available
- Investment products: stocks, options, ETFs, bonds, futures, currency transactions
- Excellent
stock commissions for orders with fewer than 600 shares
- Professional trading platform
- Competitive margin rates
- $10,000 minimum to open most accounts
- $10/month minimum monthly commission requirement. Because of that it does
not make sense to have account with IB if you are not an active trader
- $10/month for IB market data feed (waived if trade commissions are more than $30/month)
- Trading platform designed for professional traders, not the best choice for
beginning investors
- It gets expensive to make trades with over 1,000 shares
- Many complains about snobby customer service (experienced it myself)
- No mutual funds offered
- $1.20 fee to modify or cancel an option order
- Merciless margin calls - IB doesn't care if you'll get completely wiped out
Interactive Brokers Review
Interactive Brokers
|
|
|
- $3 stock trade commission for unlimited shares
- Options commission: $3 plus $0.70 per contract
- Investment products: stocks, options, ETFs
- 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 ½% of the principal value
- Slow trade execution
- Poor trading platform
- Very slow new account set up process
- Customer service complains
- No interest on your not invested cash
- No IRA accounts offered
Sogotrade Review
SogoTrade
|
|
|
- $4.95 per stock trade (for stocks over $1)
- Options: $4.95 plus $0.65 per contract
- Mutual Funds: $14.95
- Bonds: $4.95/bond ($14.95 minimum)
- Treasuries: $24.95 per transaction
- Certificates of Deposit (CDs): $24.95 per transaction
- Investments: stocks, options, mutual funds, bonds, ETFs
- One of the best in trading commissions
- No minimums or hidden fees
- Award-winning trading tools
- Best customer service
- Low margin rates
- Great community to watch and interact
- Extra $0.01 per share on the entire order of stocks priced less than $1
TradeKing Review
|
|