Muriel Siebert Overview
Muriel Siebert is a brokerage firm based in New Jersey. While it provides many financial services,
some of them can be expensive. The details are below:
Muriel Siebert Commissions
| Investments | Commissions |
|---|
| Stocks and ETFs | $14.95 per trade |
| Options | $34-$370 |
| Mutual funds | $35 |
| Corporate Bonds | 100 bonds or more - $2.50 per bond, from 50-99 bonds - $3 per bond, up to 49 bonds - $3.50 per bond; $35 minimum commission for listed corporate bonds |
| Foreign securities | $75 + commission |
| Investments | stocks, bonds, mutual funds, options, ETFs |
| Muriel Siebert minimum deposit to open account | $0 |
Insurance and Regulation
Muriel Siebert is a member of FINRA, SIPC, and the New York Stock Exchange. It is owned by Siebert Financial Corp, which trades on Nasdaq. Muriel Siebert has been registered with the SEC since 1969, so it has been around a long time.
Available Account Types
Siebert currently offers:
- Individual
- Joint
- UGMA/UTMA
- Trusts
- Personal IRA (Roth and Traditional)
- Small business IRA (SEP and SIMPLE)
- Individual 401k
- Stock plan accounts
These accounts (except stock plan accounts) can be self-directed or managed.
A former employer’s plan can be rolled over into an IRA.
To open an account, Siebert has a straightforward online form. You must provide an email address, and a mobile phone with a camera helps to upload a government-issued ID.
Financial Products
Siebert provides these products for self-directed trading:
- Stocks, including some international shares
- Options
- Bonds (including FDIC-insured CDs)
- ETFs
- Mutual funds
- United Investment Trusts (UITs)
- Structured Products
Beyond tradable assets, Siebert also sells insurance through Park Wilshire Companies, a Siebert Financial subsidiary. These include:
- Personal property
- Life & disability
- Commercial
- Annuities (usable for retirement)
The Siebert website has an online portal that gives free quotes for its insurance offerings.
Margin Trading
Self-directed accounts at Muriel Siebert can use margin to buy securities. This incurs interest. At the moment, the firm has a tiered rate schedule starting at 4.75% and going as low as 3.5%.
Account Management
As for professional help, Siebert has account-management options. This is good for customers who prefer not to manage their own portfolios. Siebert has multiple advisory plans, falling under traditional or automated.
Its traditional plans use the same range of securities available to self-directed customers, minus options. Siebert’s advisors can help with many goals, like retirement, setting up an emergency fund, and college savings.
Siebert’s automated plan is called SiebertNXT. It requires at least $5,000 to open and charges up to 1.25%, depending on the selected features. You can compare these fees to what the best priced financial advisors in your area charge.
SiebertNXT is guided by Modern Portfolio Theory. It invests only in ETNs and ETFs. Like other robo programs, picks are made from your answers to an online questionnaire, and SiebertNXT auto rebalances.
You can add a human advisor to this plan, creating a hybrid setup called SiebertNXT Premiere, which requires at least $25,000.
Muriel Siebert Fees
If you use Siebert on your own (without an advisor), you’ll pay quite a bit for some services.
Every stock or ETF trade is $14.95, a high price in a market where most brokers now charge $0. On the bright side, there’s no added fee for calling a broker to place the trade.
Siebert’s flat commission covers any number of shares. But foreign stocks add a $75 surcharge, beyond the normal commission.
Options cost even more. There’s a $15 base plus $1 for each contract.
Mutual funds with transaction fees cost $35. The firm does have some funds without fees.
Then there are account fees. Taxable accounts carry a $50 annual charge. It can be skipped in various ways, like trading a certain amount or holding a larger balance. Be sure to confirm the exact policy for your account.
IRAs have a $30 annual fee that’s waived for balances of $10,000 or more. Closing an IRA triggers a $125 termination cost.
A paper statement from Siebert is $25.
You can open an investment account with any deposit, or none at all.
Customer Service
Muriel Siebert lets customers speak with a representative on weekdays from 7:30 am to 7:00 pm, EST. The trading desk is open 30 minutes more, but there are no weekend hours.
The Siebert website has an email form for clients and visitors. An email address (service@siebert.com) is also provided.
There are 14 Siebert branch locations in the U.S., mostly in Florida, the Northeast, Texas, and southern California.
Miscellaneous Services
Initial Public Offerings: You can access IPOs with a Muriel Siebert account.
Extended Hours Trading: Pre-market and after-hours sessions are offered. Including normal hours, total trading time is 12 hours (8:00 am to 8:00 pm, EST).
Fractional Shares: Not offered at Siebert.
Periodic Mutual Fund Investing: You can schedule automatic purchases of mutual funds at Siebert.
DRIP Availability: Dividends from stocks or funds can be reinvested.
Cash Management Features: Siebert has a Visa debit card that can link to a taxable brokerage account, but it costs $100 per year.
Our Recommendations
Long-Term Investors and Retirement Savers: With Siebert’s IRAs, planning services, and robo program, it could work for long-term goals. But Charles Schwab is a better choice.
Beginning Investors: A managed plan at Siebert is okay, although Charles Schwab’s plan is free.
Small Accounts: Because of Siebert’s fees and minimums, we do not recommend it for smaller investors. Robinhood is much better here.
Mutual Funds: Since Siebert charges a transaction fee for certain mutual funds, we don’t recommend it. Firstrade has no fund transaction fees and offers thousands of funds.
Active ETF and Stock Trading: Siebert isn’t a good fit for frequent stock and ETF trading without advanced platforms. Webull, by contrast, has free commissions and multiple trading tools.
SiebertNet Brokerage Verdict
Muriel Siebert offers some solid old-school financial solutions. But for active traders, it doesn’t provide enough tools to match other brokers. With high costs in many situations, Siebert is not the best choice for self-directed trading.
Find a Financial Advisor
If you are looking for a professional money management service in your area, you can
find a Financial Advisor on the Wiser Advisor
(or read
Wiser Advisor review).
Visit Wiser Advisor
Updated on 3/17/2025.
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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