The Cheapest Stock Discount Trading Fees
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.
Zecco revolutionize the industry with free stock trades. Although they've changed their rules, and pissed off many customers, they are still one of the few stock brokers that still offer free stock trades to those who qualify.
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.
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 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.
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. - 23217
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.
Zecco revolutionize the industry with free stock trades. Although they've changed their rules, and pissed off many customers, they are still one of the few stock brokers that still offer free stock trades to those who qualify.
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.
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 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.
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. - 23217
About the Author:
This stock broker is cheap enough but these OptionsHouse promo code will make this brokerage firm's price even lower. How great is that?
posted by X - Men @ 7:22 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home