Lowest Stock Commissions
 

Lowest stock commissions: compare discount stock broker firms with best trading fees in 2010



Lowest trade commissions

Optionshouse review
Trade Commissions and Investment Products

  • $2.95 per stock trade
  • Two plans for options:
    1. Up to five contracts for $5. Each additional contract $1
    2. $8.50 + 0.15/contract rate (great if you trade over 10 contracts)
  • Mutual Funds: $9.95
  • Orders for U.S. treasury bonds and listed corporate bonds are accepted by phone
  • Investments: stocks, options, mutual funds, bonds, ETFs

OptionsHouse Pros

  • 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

OptionsHouse Cons

  • Might not be the best for beginner investors

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Optionshouse Review

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OptionsHouse


Stock trade comission #3

Trade Commissions and Investment Products

  • 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

Zecco Pros

  • 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 Cons

  • Annual IRA fee: $30

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Zecco


Trade commision #4

best discount brokerage
Trade Commissions and Investment Products

  • 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

Interactive Brokers Pros

  • Excellent stock commissions for orders with fewer than 600 shares
  • Professional trading platform
  • Competitive margin rates


Interactive Brokers Cons

  • $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

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Interactive Brokers Review

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Interactive Brokers


Cheap brokerage ranking #5

Lowest brokerage fees account
Trade Commissions and Investment Products

  • $3 stock trade commission for unlimited shares
  • Options commission: $3 plus $0.70 per contract
  • Investment products: stocks, options, ETFs

SogoTrade Pros

  • Very low commissions
  • Fractional shares available with no monthly subscription fee
  • No inactivity fees

SogoTrade Cons

  • 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

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Sogotrade Review

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SogoTrade


Brokerage ranking #2

Trade Commissions and Investment Products

  • $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

TradeKing Pros

  • 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

TradeKing Cons

  • Extra $0.01 per share on the entire order of stocks priced less than $1

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TradeKing Review

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