The Cheapest Stock Broker Trading Commissions
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 is pretty awesome because they are a great options broker. However, their stock trades are $14.95 which is pretty high. This one is for those that don't mind paying a little extra for a good broker.
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 was once the best broker out there but with many cheaper alternative and its mortgage troubles, the company isn't the powerhouse that it once was.
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 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.
TD Ameritrade is big and have lots of customers but I've heard many horror stories of website outages when there's stock market panic and everyone is trying to sell. Their stock trades are $9.99. - 23310
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 is pretty awesome because they are a great options broker. However, their stock trades are $14.95 which is pretty high. This one is for those that don't mind paying a little extra for a good broker.
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 was once the best broker out there but with many cheaper alternative and its mortgage troubles, the company isn't the powerhouse that it once was.
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 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.
TD Ameritrade is big and have lots of customers but I've heard many horror stories of website outages when there's stock market panic and everyone is trying to sell. Their stock trades are $9.99. - 23310
About the Author:
I love my account at Scottrade review. Too bad there weren't any Scottrade promo code when I signed up or else I would really be jumping around.
posted by Mr. Forex at
9:03 AM
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