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Broker Commissions and Fees Comparison (2022)
Brokerage firms account commissions comparison chart. Compare online brokers stock trading fees: best,
worst, and median cost companies.
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Stock Broker Commissions Comparison
1 - fees charged in some cases; see broker reviews for details.
For any retail trader or investor, the cost of buying and selling securities is a major factor in selecting an online broker. There is a range of commissions in the
industry, and the cost differentials often reflect brokerage size, range of services and level of customer support. Many investors tend to look for the
cheapest brokerage commissions and fees available, but that may not always be the best approach, overlooking possible flaws in
service or technology in placing the trades, or inability to support frequent trading.
Since most retail traders use stocks and ETF’s to trade the markets, those commissions tend to be the major benchmark used to evaluate broker cost. Most advertising from
brokers centers around stock and ETF commission prices, but among the largest brokers there is only a slight
difference in commissions.
Stock Commissions Comparison of the Largest Brokers
The five largest brokers (Fidelity, TD Ameritrade, Charles Schwab, Robinhood, and E*Trade) are all charging
$0 for stocks and ETF trades.
Obviously, there are service and trading platform differences to be considered between the largest brokers, and how they take care of their customers compared
to smaller brokers.
TD Ameritrade offers an industry-leading trading platform for all of its customers, while Fidelity has a long-standing reputation as a
reliable broker.
Most large brokers offer full service banking options to their customers with bill pay, checking privileges and ATM cards, which may
attract a certain type of customer. Some of these benefits may weigh into the decision to accept a higher commission compared to the deeply discounted brokers.
Cost Comparison: Least and Most Expensive Stock Commission Brokers
Of all size brokers, the least expensive commission for stock, ETF, and options trades at
$0.00 offers Webull.
For anyone looking for the absolute cheapest method of buying and selling securities, this would be the best choice.
The next least expensive brokerage commissions and fees are at
Firstrade with
$0 rate on stocks, ETF's, and mutual funds.
At the other end of the spectrum are the most expensive brokers for retail traders. Muriel Siebert takes top honors with a flat $14.95 commission per trade,
totaling nearly $30 to buy and sell a single security. There are no service and account
differences that justify the greater cost.
Median Stock Commissions: The Industry Average
A number of brokers do use a similar commission ‘range’ for their services, which is usually pegged to the number of stock or ETF shares in a single trade.
If one is paying more than $1 per trade, there will probably be some other service or role the broker can play, aside from a simple means to place a trade.
In the end, every trader or investor has to evaluate their needs, and if all one wishes to do is place a trade at a fair price, there is probably little reason
to pay more than the absolute minimum. Especially for those who plan to hold a stock or ETF for months or even years, the online broker is only the portal to
the marketplace that allows a simple and verifiable way to participate. As long as they can demonstrate financial stability and regulatory compliance, there
is no reason to dismiss the deep discount available.
Disclaimer
INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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