TD Ameritrade Limit Order

Limit Order Trade Fee on Stocks at Online Brokers (2020)


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. Ally Invest will suit perfectly your needs: they charge $0 for limit orders. The company provides tons of educational resources and great investor community where you could learn from more advanced investors. Ally Invest's current offer for new clients is: Up to $3,500 cash bonus + $0 commission trades for new accounts.

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 a large, well-known 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 limit stock and ETF trades are $0. If you decide you do want to do some trading, TD Ameritrade provides the best trading platform on the market - ThinkOrSwim. The company also has an enticing promotion for new clients: Trade stocks and ETFs for free + get up to $600 bonus.

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 limit orders cost $0 per trade. Their current promotion is: $0 commissions + up to $200 in transfer fee rebates.


Brokers Limit Order Cost