Brokerage Firm Trading Commissions Explored
The lower trading commissions have transformed how retail investors trade stocks. If you are looking solely on price, it's quite easy. But if you are looking at the different options pass the price, then the decision isn't so easy.
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.
OptionsXpress must be making a lot of money off customers because their trading commissions are highest of the bunch. It's $14.95 for most people and $12.95 for high volume traders. Pretty expensive right?
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.
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.
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. - 23222
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.
OptionsXpress must be making a lot of money off customers because their trading commissions are highest of the bunch. It's $14.95 for most people and $12.95 for high volume traders. Pretty expensive right?
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.
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.
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. - 23222
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This stock broker is cheap enough but these OptionsHouse promotional code will make this brokerage firm's price even lower. How great is that?
posted by X - Men @ 5:21 AM
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