$5 Trades Commission Online Brokerage Firms


Top brokers with $5 stock trading commissions in 2017. $4.95-$5 trades discount online brokerage firms.



Ally Invest rating

Ally Invest
Ally Invest

Ally Invest is a raising star in the online trading world. While not a household name yet, it is now one of the 10 largest brokerage houses in the United States. The firm is growing very rapidly by both organic growth and by mergers and acquisitions. Recently it itself got acquired by an online banking giant - Ally Bank.

Ally Invest charges $4.95 on stocks and ETFs trades. Options trades are $0.65 per contract more. The firm is highly rated by all financial magazines and websites, and it is adding new features and services at an impressive rate.

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Ally Invest Promotion

Get a $100 cash bonus or $500 in commission-free trades with Ally Invest.



Tradestation rating

TradeStation


TradeStation

For many years TradeStation specialized in offering services to very active stock, options, and futures traders and day-traders. This year they decided to capture regular investors market share, so they removed almost all fees that stood in the way, except for an easy to avoid $50 annual fee if client makes less than 5 trades and average account balance is less than $2,000.

TradeStation's largest advantage over the other brokers is one of the best trading platforms in the industry that active traders love to use. Aside from $5 stock trades, they also offer great pricing on options, mutual funds and futures products.

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TradeStation Promotion

Get $5 per trade stock and ETF commissions. $4 per trade for IRAs.



Etrade rating

E*trade


Etrade

Ally Invest's main competitor, Etrade, is another low cost brokerage firm. Etrade's regular commission is $6.95 per stock or ETF trade. However that rate drops to $4.95 per trade for customers making 30 or more trades in 90 days. Etrade is one of the largest brokerage houses in the United States and a solid, established firm.

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Etrade Promotion

At E*TRADE, active traders get $4.95 trades + 50₵ per options contract.



Motif Investing rating

Motif


Motif Investing


Motif Investing is by far the newest brokerage firm in this article with a unique approach to investing described in detail in company's review. They only allow investing in stocks and ETFs (no options, bonds, or mutual funds) and, like at Ally Invest and OptionsHouse, their commission on equity trades is 5 cents short of $5 dollars.

Motif Investing is very unconventional company, and while some clients are in love with it, it will probably not be a good fit for a majority of investors.

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Motif Investing Promotion

None



Choicetrade rating

ChoiceTrade


Choicetrade


Choicetrade is an online trading firm with $5 online stock and ETF trades. Unlike the competitors above, the broker is charging for trading platforms with real time quotes: Choicestreamer is $15-$25 per month, and ChoiceTrader Direct Pro is $135 per month. Choicetrade also has $30 quarterly inactivity fee if customer makes less than five trades in a calendar quarter and account equity is less than $50,000.

The broker is only company in this list imposing fees on extended hours trading and on retirement accounts.

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Choicetrade Promotion

None



Updated on 8/1/2017.




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