|
Pay-per-share brokers: compare brokerage firms that offer pay-per-share commissions
|
|
|
- Stocks and ETFs: $5
- Options: $5 plus $0.55 per contract
- Direct Access trading: $0.005 per share, $1 minimum per trade
- Mutual funds: $25 per trade
- Investment products: stocks, options, mutual funds, ETFs
- Minimum to open account: $0 for cash account, 2,000 for margin account
- All Choicetrade fees
- Very low commissions and fees
- No account minimum or inactivity fees
- No extra charges for large-sized orders or stocks below $1
- Direct access trading with lowest commissions
- Free paper/virtual trading
- Investor community
- Very good customer service
- Powerful trading tools
- High mutual fund commissions
- Extended hours stock trades $0.005 per share surcharge
ChoiceTrade Review
|
|
|
- Stocks and ETFs: $.00395 per share, plus/minus Market Center Fees
- OTCBB and Pink Sheets: $10 per order, plus/minus Market Center Fees
- Options: $0.50 per contract, no minimum/no order charges
- Futures: $0.50 per contract, no minimum/no order charges plus exchange fees
- Investment products: stocks, options, mutual funds, bonds, futures, ETFs
- Minimum to open account: $1000 for Web Trader, $10,000 otherwise
- All Lightspeed Trading fees
- Lowest commissions in the industry
- Forex trading, with spreads as low as 1-2 pips, with fractional pips for more precise quoting
- Direct access to ECN’s and exchanges
- Free practice account
- Online community
- $10,000 minimum to use Lightspeed Trader (but only $1,000 to use Lightspeed Web Trader)
- $35 annual IRA fee
- Account opening needs work
- Web Trader platform is full of bugs and it could take a lot of time to enter the order
- Extended hours trading is not available on the Web Trader platform
- Web Trader platform is badly designed
LightSpeed Trtading Review
|
|
|
- Stocks and ETFs: $0.005 per share with $1 minimum per trade for SMART routed orders
- Options: $0.70 per contract plus exchange fees
- Mutual funds: $14.95 per transaction
- Investment products: stocks, options, ETFs, bonds, futures, currency transactions
- Minimum to open account: $10,000
- All Interactive Brokers fees
-
Low 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
- $10/month for IB market data feed (waived if trade commissions are more than $30/month)
- Fees on modified or canceled orders
- Trader Workstation is designed for professional traders, is unintuitive and difficult to learn
- Expensive to make trades with over 1,500 shares
- A lot of complains about snobby customer service (experienced it ourselves)
- $1.20 fee to modify or cancel an option order
- Merciless margin tightening and margin calls - IB doesn't care if customers get completely wiped out
Interactive Brokers Review
|
|
|
- Stocks and ETFs: $4.95 for limit and market regular hours orders for up to 10,000 shares
- OR $0.0075 per share with a $4.95 minimum per trade
- Options: $0.95 per contract, per side, and no minimum ticket charge
- Mutual funds: $12.95 flat rate for no-load funds
- Bonds: $12.95 flat rate
- Futures: $0.95 per contract
- Pink Sheets & OTC BB: $8.95 per trade, no limit to number of shares
- Forex: $2.95 per $100,000 traded
- Investment products: stocks, options, mutual funds, Forex, futures, bonds, ETFs
- Minimum to open account: $1,000
- Good, flat-rate commissions for market and limit orders (regular hours only and below 10,000 shares)
- Social networking
- Excellent trading tools
- No inactivity fees
- Surcharge of $0.005 per share for extended hours, AND shares over the 10,000, AND orders
executed using the Reserve, Discretionary, or Pegged (Coming Soon) order types
- $30 annual fee for IRAs
- There is a $0.01 per share fee to exercise options contracts
- $2,000 minimum to open cash account, $5,000 for margin account
MBTrading Review
|
|