Lowest trade commissions



Lowest trade commissions
 

Pay-per-share brokers: compare brokerage firms that offer pay-per-share commissions



Lowest trade commissions



ChoiceTrade Review

Commissions and Investment Products

  • 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

ChoiceTrade Pros

  • 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

ChoiceTrade Cons

  • High mutual fund commissions
  • Extended hours stock trades $0.005 per share surcharge

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ChoiceTrade Review






Online Stock, Options and Futures Trading

Commissions and Investment Products

  • 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

LightSpeed Trading Pros

  • 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

LightSpeed Trading Cons

  • $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

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LightSpeed Trtading Review






InteractiveBrokers review

Commissions and Investment Products

  • 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

Interactive Brokers Pros

  • Low 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
  • $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

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Interactive Brokers Review






MBTrading review

Commissions and Investment Products

  • 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

MBTrading Pros

  • 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

MBTrading Cons

  • 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

Read Review

MBTrading Review


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