The Cheapest Stock Broker Trading Fees
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.
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 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.
The highest rated deep discount stock broker is TradeKing. The commission is $4.95 a trade and continues to be one of the cheapest per trade price out there.
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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.
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.
Netflix free trial 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.
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