Online Brokers provide an efficient way for investors to buy and sell stocks We do a comparison of the major online brokers to show you the advantages and disadvantages of each broker.
When choosing an online broker the factors to consider are costs, trade execution, service, customer support and a user friendly site with research information.
|Name||Minimum to Open an Account||Commissions||Inactivity Fees Quarterly||Notes|
|Zecco.com||No Minimum||$4.50||$4.50||None||10 Free Trades a monthwith $25000 account or 25 trades a month.. Unbeatable price, great
for newer investors.
|TDAmeritrade.com||$2,000||$9.99unlimited shares||$9.99unlimited shares||None||Good research, low feesand easy to use site.|
|Schwab.com||$1,000||$12.95+$0.015/share over 1,000 shares||$12.95+$0.015/share over 1,000 shares||None||$12.95 applies to first 1,000 shares, then.015 per additional share.|
|ETrade.com||$2,000||$12.99+$0.015/share over 2,000 shares||$12.99+ $0.015/share over 2,000 shares||$40||High Quarterly fees if your account isinactive and under $10,000. Does offer high yield savings accounts.|
|FolioFn.com||No Minimum||$10.00||$10.00||$15||$29.95 Monthly for unlimitedcommissions free trades. If no monthly plan, then $4 a trade through
trading windows (2x a day). Can buy fractional shares. Great
for a small investor.
|InteractiveBrokers.com||$2,000||.01 a share$1 min||01 a share$1 min||$30||$10 monthly fee or $20 if your balancefalls below $2,000. Additional fees to cancel or modify an order.
Some other hidden fees.
|Scottrade.com||$500||$7.00||$7.00||None||Broker assisted $27. No hiddenfees. Overall one of the lowest costs per trade for real-time
|Fidelity.com||$2,500||$19.95+$0.015/share over 1,000 shares||$19.95+ $0.015/share over 1,000 shares||None||One of the few brokers that don’t chargefor closing an account.|
|Sharebuilde.com||No Minimum||$9.95||$9.95||None||If you set a schedule to buy, then would be$4 a trade. $20 a month would give you 20 free scheduled
trades a month & $1 each additional trade. Can buy fractional
shares. Can schedule to buy/sell stock on Tuesdays only.