Compare Online Brokers

Recommendations

Using the links provided on this site to set up an account with any of these brokers will help us to offset the costs of maintaining this site. The publisher of StocksandMutualFunds.com maintains open accounts at Tradeking for personal trading. This page was last updated January 31, 2013.

Broker

Min. Balance

Lowest Transaction Fee

The Catch

Broker Assited

Extra Fees

Charles Schwab $2,500; ($2000 for IRAs) $9.95 $1,000,000 account balance or >120 trades per year for lowest rate; $12.95 per trade otherwise. Yes Comission plus $25.00 $12.50 per quarter for accounts that fall below minimum balance.
Muriel Siebert, SiebertNet None $14.95 $14.95 up to 1,000 shares, $0.015 per share over 1,000 shares Yes Minimum $37.50 per trade None
OptionsXpress None $9.95 None. $0.01/share over 1,000 shares. Yes No Extra Charge None
Scottrade $500 $7.00 Some Foreign issues and Pink Sheets must be broker-assisted; additional fee for stocks under $1; Telephone (Touchtone IVR) trades $17.00 Yes $27.00 None
ShareBuilder.com None $4.00 $4 trades automatically executed; Real-time trades $9.95; realtime trades over the phone $19.95 N/A None
TD Ameritrade $2,000; ($1,000 IRAs) $9.99 None; $34.99 for telephone IVR trades Yes $44.99 $2-$5 charge for each U.S. mail statements and trade confirmations.
None $4.95 Additional $0.01 per share for stocks priced under $1. Yes $4.95 $50 annual inactivity fee for accounts under $2500 that have 12 months of no commission-charged trades.

Disclaimer

Some of the above discount stock brokers (namely, E*Trade, OptionsXpress, Scottrade, Sharebuilder, and Tradeking) provide us with compensation for the referrals we send from this site. This compensation helps to offset the cost of keeping our information up-to-date and accurate, but does not affect our recommendations.




Open a TradeKing account