Discount Brokers Trading Fees 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.
The reason why many people are looking at OptionsHouse is due to its cheap stock trades. If you are looking for a trading platform that works and is cheap, look no further.
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.
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 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.
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. - 23196
The reason why many people are looking at OptionsHouse is due to its cheap stock trades. If you are looking for a trading platform that works and is cheap, look no further.
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.
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 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.
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. - 23196
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The amazing thing about OptionsHouse is that they still have OptionsHouse promo code on top of that. It's already $2.95 a trade so what else can they give? Find out over at that page.
posted by X - Men @ 3:29 AM
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