TD Ameritrade Limit Order

Limit Order Trade Fee on Stocks at Online Brokers (2021)


See how much discount brokerage companies are charging in fees and commissions for limit orders:TD Ameritrade, Charles Schwab, Etrade, Merrill Edge, Fidelity Investments, Vanguard, Ally Invest, Wells Fargo, Robinhood, Interactive Brokers, Firstrade, and TradeStation.



Best Online Brokers For Limit Orders


Limit orders are orders that are executed only at the price that you specify or, sometimes, even at a better price. With limit order there is no guarantee that your order will be executed. If the market price of an investment you are trying to buy or sell reaches the price that you set in your limit order, then your order will be executed. In this case you will be charged a trade commission (if your broker has one). If the market price of the stock, ETF, or other investment doesn't reach your limit price, your order will expire at the end of the day or at the date you specified. In this case you will not be charged a trade commission.

All discount online brokers offer limit orders since these are the most popular orders with their customers. Entering a limit order has basically the same simple functionality in all brokerage firms - anyone can do it. The one big difference is in a commission you pay your brokerage firm when the order is executed, which varies from $0 to $100 or more (if you are dealing with per-share pricing plan or full-service broker) per trade. Our suggestion is to pick the least expensive brokerage house among those rated 3.5 stars or more which caters to the type of the investor that you are. Let's review a few most common situations:

Beginner Investor: You are just starting out in the investment world and you want a company that is friendly to beginner investors. Webull will suit perfectly your needs: they charge $0 for limit orders. The company provides easy to use tools. Webull's current offer for new clients is: Get 4 FREE stocks valued up to $1,600 + $100 in ACAT reimbursement.

IRA Investor: You want to start investing for your retirement. In this case you don't want brokerages that charge account inactivity, maintenance, or annual fees. You are also looking for a security of an established brokerage house that has been around for decades and never had any financial troubles. TD Ameritrade suits the bill perfectly. The firm has no account fees. TD Ameritrade's limit stock and ETF trades are $0. Link to open an account: $0 commissions + transfer fee reimbursement.

Bargain Seeker and Mutual Funds Investor: You want the lowest commissions. Firstrade is our recommendation in this case: there are no account fees whatsoever, and stocks, ETFs, mutual funds, and options cost $0 per trade. Visit their website: Get 3 FREE stocks and $0 commission in ALL trades!


Brokers Limit Order Cost





Different Types of Stock Broker Commissions


Most on-line brokers today charge a flat commission that is applied to every trade, regardless of the number of shares traded. For example, Zackstrade is famous for charging intro $1 for stock or ETF trades. Other firms have a similar system, although they might not charge a whole dollar amount. Capital One Investing customers, for example, pay $6.95.

Commissions can also be charged on a per-share basis, rather than per-trade, as in the above examples. For instance, TradeStation has a schedule that its clients can choose where the commission is calculated based on the number of shares traded. Under the plan, each share traded costs 1¢, and shares above 500 cost 0.6¢. There is a $1 minimum per order.


Broker with limit orders


A broker’s commission can also be calculated as a percentage of the order. Some brokers have a hybrid system where they charge a flat rate but cap the commission at a percentage of the trade. USAA Brokerage, for example, charges a flat $0 per trade.

Keep in mind that as your account grows in size, commissions as a percentage of account value go down. The cost of trading has a smaller impact on larger accounts.


WeBull Limit Order


Variable Commissions ($1 trades to $100)


Some brokers charge a variable commission. Typically, the cost of the trade goes down if the client meets certain requirements, such as placing a minimum number of trades per month or quarter, or maintaining a certain account balance. Zackstrade, for example, has anywhere from $1 stock trades up to $20 or higher depending on the number of shares.

Commissions at Vanguard, for example, can vary from $20 to $0. The firm gives large accounts discounts on trades. A small account starts at $7 per trade, and then increases to $20 after 25 trades in a year. Accounts with at least $500,000 in assets pay just $2 per transaction, while large accounts (defined as more than $5,000,000) receive 100 free trades per year.