Cheapest stock trading commissions: online brokerage firm accounts offering the lowest trade costs (flat rate) for investors in 2014
TradeKing Low Trading Commissions
|Stocks and ETFs|| $4.95|
|Options|| $4.95 + $0.65 per contract|
|Mutual funds|| $9.95|
|Bonds|| $4.95 per bond ($14.95 minimum)|
|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|
- 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
- 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
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)
Optionshouse Low Trading Commissions
|Stocks and ETFs|| $4.75|
|Stocks and ETFs broker assisted|| $4.75|
Plan 1. Up to five contracts for $5; each additional
Plan 2. $8.50 + 0.15/contract (great if trading over 10 contracts)
Plan 1. Up to 10 contracts for $10; each additional
Plan 2. $12.50 + 0.15/contract
|Mutual funds|| $9.95|
|U.S. Treasury bonds and listed corporate bonds||Orders 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|
- 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
- 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
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.
Get 100 commission-free trades at OptionsHouse.
This article was updated on 5/9/2014.