Online Brokers Trading Fees Explored
Stock broker commissions are becoming cheaper and cheaper. The choices are also expanding so look for competition to continually bring prices down. This is good for us, but there are so many choices to choose from. Here are a few you might want to look into.
OptionsHouse made a splash with their less than three dollars stock trade. If there is a cost that's as close to nothing as possible, this is the broker that you should choose.
Zecco came out with free stock trades, but then it changed its rules again and again. These days, you only get 10 free trades if you have more than $25,000 in assets or if you trade 25 times or more 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 is totally integrated with Wells Fargo so it's easy if you are a Wells Fargo customer. If you have $25,000, you get 100 free trades. Otherwise, it's $19.95 so only use this option if you have the funds.
One of the best discount broker is TradeKing, because of its amazing customer support. Their $4.95 a trade made headlines back in the days and continue to be one of the best options out there.
I love Etrade because of their user interface. Even though the stock commission is $9.99 and $12.99 in some cases, it is still at the top of my list of recommended stock brokers.
If you love customer service, you need to check out Scottrade. They've always give out bonuses to their employees and they have the best customer support. Their stock commission is $7 per trade.
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.
The highest end stock broker in this list is Charles Schwab. While stock trades are $12.99, they do offer a 2% cash back credit card which makes up for some of the stock commissions.
TD Ameritrade isn't that great but it works. The less than ten dollar trade was a first of its kind. They also advertise no hidden fees although there's a fee if you transfer your account away from them. - 23208
OptionsHouse made a splash with their less than three dollars stock trade. If there is a cost that's as close to nothing as possible, this is the broker that you should choose.
Zecco came out with free stock trades, but then it changed its rules again and again. These days, you only get 10 free trades if you have more than $25,000 in assets or if you trade 25 times or more 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 is totally integrated with Wells Fargo so it's easy if you are a Wells Fargo customer. If you have $25,000, you get 100 free trades. Otherwise, it's $19.95 so only use this option if you have the funds.
One of the best discount broker is TradeKing, because of its amazing customer support. Their $4.95 a trade made headlines back in the days and continue to be one of the best options out there.
I love Etrade because of their user interface. Even though the stock commission is $9.99 and $12.99 in some cases, it is still at the top of my list of recommended stock brokers.
If you love customer service, you need to check out Scottrade. They've always give out bonuses to their employees and they have the best customer support. Their stock commission is $7 per trade.
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.
The highest end stock broker in this list is Charles Schwab. While stock trades are $12.99, they do offer a 2% cash back credit card which makes up for some of the stock commissions.
TD Ameritrade isn't that great but it works. The less than ten dollar trade was a first of its kind. They also advertise no hidden fees although there's a fee if you transfer your account away from them. - 23208
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You might like to join TradeKing but you may not like the fact that they don't have promotions. If so, keep checking TradeKing promo code because they will be there as soon as it's available.
posted by X - Men @ 4:28 AM
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