BestCashCow Online Brokers Comparison

Online stock brokers are very competitive, increasingly offering discounted commissions in order to attract your money. A sample of the leading brokerages with transaction and margin rates follows. Before opening an account, you should thoroughly review all fees, as these companies make most of their revenue from non-trading activities. More active traders or those with larger accounts will often find that these rates are negotiable.


Current Online Brokerage Rates




Online Broker


Equity Commission Rate


Option Rate


Interest on Uninvested Cash


Highest Margin Rate (Rates are lower with higher balances)


E Trade


$12.99 online or interactive voice response (rate plus $45 if broker assisted)


$12.99/trade + $.75/contract


.15% APY over $5,000.


6.99% on balances under $50,000 (4.99% under $250,000)


TD Ameritrade


$9.99 online ($34.99 for voice response and $44.99 if broker assisted)


$9.99/trade + $.75/contract


.25% APY on balances over $100,000.


8.75% on balances under $50,000 . (7.75% over 50,000)


Zecco


10 free trades/month,
$4.50 thereafter on balances above $2,500.


Below $2,500 it’s $4.50 per trade.


(An additional $19.99 if broker assisted).


$4.50 plus $.50 per contract ($19.99 plus $0.75 if broker assisted)


Less than 2%


10.50%


TradeKing image001


$4.95 per trade online or via Broker


$4.95/trade + $.65/contract.


3.75% for any amount.


Scottrade


$7online
($17 for voice response
$27 if broker assisted)


$7/trade + $1.25/contract


1.75% under $1,000 (2.25% under $10,000)


7.75% between 25,000 - $50,000.


Fidelity


$8 to $19.95 for online trade


Base equity rate plus $0.75 per contract


Less than 2%


7.825% between 25,000 - $50,000


First Trade


$6.95 ($16.95 for interactive voice response and $26.95 if broker assisted)


$6.95 plus $.75


.25% at $25,000 +


7.50% between 25,000 - $50,000


Charles Schwab


$9.95 - $12.95 (An additional $5 for interactive voice response and $25 if broker assisted)


$8.95 plus $0.75/contract.


Balances can be placed in a money market fund earning 1.75%.


8.00% between 25,000 - $50,000


Options Express


$9.95 if over 9 trades per quarter, otherwise $14.95.


$14.95 minimum or $1.50/contract


Under 2%


5.00% between 25,000 - $50,000


Bank of America


$0 for up to 30 trades per calendar month for account holders maintaining over $25,000 in eligible Bank of America products ($5 to $14 thereafter)


N/A


Less than 2%


Not disclosed on website



Source:
http ://www.bestcashcow.com/brokerage/online_brokerage.html

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