Online Brokers Trading Commissions Explained
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.
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 is one of the stock brokers I use because they provide 100 free trades. It's easy to sign up for an account if you are already a Wells Fargo customer and I like the fact that you can transfer assets around easily.
TradeKing made a splash with its less than five dollar trade. Although many people already have cheaper trades, the price that this broker offers is still one of the best out there and worth a look.
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 offers seven dollar trades, which isn't bad but not the cheapest. However, their customer support is second to none and they also have the most branches nationwide. In addition, they are the cheapest option that offers face to face interaction.
TradeMonster is relatively new but they are endorsed by Guy Adami and the Najarian Boys on Fast Money. People love OptionsMonster (which they also own) so I would check it out just based on that alone.
Charles Scbwab is the luxury of discount stock brokers. They tailor their business to individual starting with $300,000 in assets and it shows. Their trading commission is $12.99.
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. - 23210
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.
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 is one of the stock brokers I use because they provide 100 free trades. It's easy to sign up for an account if you are already a Wells Fargo customer and I like the fact that you can transfer assets around easily.
TradeKing made a splash with its less than five dollar trade. Although many people already have cheaper trades, the price that this broker offers is still one of the best out there and worth a look.
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 offers seven dollar trades, which isn't bad but not the cheapest. However, their customer support is second to none and they also have the most branches nationwide. In addition, they are the cheapest option that offers face to face interaction.
TradeMonster is relatively new but they are endorsed by Guy Adami and the Najarian Boys on Fast Money. People love OptionsMonster (which they also own) so I would check it out just based on that alone.
Charles Scbwab is the luxury of discount stock brokers. They tailor their business to individual starting with $300,000 in assets and it shows. Their trading commission is $12.99.
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. - 23210
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Netflix coupon is not really a stock broker but with the money you will be saving with these discount brokers, you may want to use it for some great DVDs.
posted by X - Men @ 2:01 AM
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