Stock Broker Trading Commissions Explained
In the modern world of advanced technologies, stock brokers are becoming increasingly cheap. However, cheap doesn't mean the same. Here are some of the more popular brokerages and what they charge.
Unless you get free trades, there isn't an option that's cheaper than OptionsHouse. At $2.95, it's the cheapest place to get your trades executed. However, the broker is relatively newer so you may want to do more due diligence.
If you don't mind the bad publicity and the fact that they might change the rules again, Zecco isn't a bad choice. Currently, they still offer free stock trades for those that have $25,000 in assets or trade 25 times a month.
While OptionsXpress is pretty expensive with a high commission rate, they don't have any hidden fees. If you trade less than 35 times a quarter, the commission is $14.95. For high volume traders, it's $12.95.
Wells Trade offers 100 free trades a year for those that have a combined $25,000 assets with them. For those that already have a Wells Fargo account, this isn't a bad option. However, just bare with the less than spectacular trading platform.
The highest rated deep discount stock broker is TradeKing. The commission is $4.95 a trade and continues to be one of the cheapest per trade price out there.
Etrade has a special place in my heart because that's who I started with. The broker is solid and the pricing is $9.99 ($12.99 if you have less than $50,000 in assets).
Scottrade thrives on their customer support, and it also has the most branches. The stock commission is $7 a trade and it's middle of the road in terms of prices.
TradeMonster is new and worth a look because of their ties to OptionsMonster. The celebrity endorsement of the Najarian Boys is reason enough to take a look.
Charles Schwab, or Schwab for short, loves customers who have more than $300,000 in household investable assets. Less than that and you don't really get the same quality attention.
I don't really like TD Ameritrade but it works fine. Their stock commissions are $9.99 a trade and they have no hidden fees to boot. This option is fine, but it's not one I recommend. - 23167
Unless you get free trades, there isn't an option that's cheaper than OptionsHouse. At $2.95, it's the cheapest place to get your trades executed. However, the broker is relatively newer so you may want to do more due diligence.
If you don't mind the bad publicity and the fact that they might change the rules again, Zecco isn't a bad choice. Currently, they still offer free stock trades for those that have $25,000 in assets or trade 25 times a month.
While OptionsXpress is pretty expensive with a high commission rate, they don't have any hidden fees. If you trade less than 35 times a quarter, the commission is $14.95. For high volume traders, it's $12.95.
Wells Trade offers 100 free trades a year for those that have a combined $25,000 assets with them. For those that already have a Wells Fargo account, this isn't a bad option. However, just bare with the less than spectacular trading platform.
The highest rated deep discount stock broker is TradeKing. The commission is $4.95 a trade and continues to be one of the cheapest per trade price out there.
Etrade has a special place in my heart because that's who I started with. The broker is solid and the pricing is $9.99 ($12.99 if you have less than $50,000 in assets).
Scottrade thrives on their customer support, and it also has the most branches. The stock commission is $7 a trade and it's middle of the road in terms of prices.
TradeMonster is new and worth a look because of their ties to OptionsMonster. The celebrity endorsement of the Najarian Boys is reason enough to take a look.
Charles Schwab, or Schwab for short, loves customers who have more than $300,000 in household investable assets. Less than that and you don't really get the same quality attention.
I don't really like TD Ameritrade but it works fine. Their stock commissions are $9.99 a trade and they have no hidden fees to boot. This option is fine, but it's not one I recommend. - 23167
About the Author:
Scottrade review is an awesome broker and their customer support is amazing. You may also want to check out its Scottrade promotion code for an even better deal.
posted by X - Men @ 5:04 AM
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