Online Brokers Comparison Guide

Where to find your online stock brokers? Here is the list for some stock broker comparison, you may want to check it out before you open a new account or transfer to a new broker with better benefits.

1. Zecco

Special offer: $0 stock trade
Account Minimum: None
Commission Schedule:
$0 online stock trade for 10 times each month with $2,500, otherwise $4.50
Broker Assisted: $19.99
online option trade: $4.50+$0.50 per contract.
Broker assisted: $19.99+$0.75 per contract
Margin rates:
$0-$49,999 Base Rate 7.20%
$50,000-$499,999 Base Rate - 0.50%=6.70% Negotiable, call 877-700-STOCK (877-700-7862).
$500,000+Base Rate - 2.50%=4.70% Negotiable, call 877-700-STOCK (877-700-7862).

2. TradeKing

Special Offer: TradeKing will credit your account transfer fees up to $150 charged by another brokerage firm when completing an account transfer for $2,500 or more
Account Minimum: No minimum
Commission Schedule:
online stock trade $4.95, broker assisted $4.95
online and broker assisted option trade $4.95+$0.65
Option Exercise: $9.95 Option Assignment: $4.95
Margin Rates:
3% Rate for all the margin loan amount from $0 to $5,000,000 or more.


3. OptionXpress

Account Minimum: no minimum deposit
Commission Schedule:
online stock trade $9.95 for up to 1,000 shares and 9 times+Trades/Quarter, $0.01/share for 1001 shares or more
$14.95 for up to 1,000 shares and 0-8 times trades/quarter. $0.015 / share for 1001 shares or more.
online option trade:1Contract 5Contract 10Contract 20Contract
35+Trades/Quarter $12.95 $12.95 $12.95 $25.00
0-34Trades/Quarter $14.95 $14.95 $15.00 $30.00
Margin Account Rates:
$0 - $49,999 6.50 % Broker call + 3.75%
$50,000 - $99,999 5.50 % Broker call + 2.75%
$100,000 - $249,000 5.25 % Broker Call +2.50%
$250,000 - $499,9995.00 % Broker Call +2.25%
$500,000 - $999,9994.75 % Broker Call +2.00%
Over $1,000,0004.25 % Broker Call +1.50%

4. Scottrade

Special offer: Switch to Scottrade and get up to $100 back.
Minimum Account: $500 cash account. $2,000 Margin account
Commission Schedule:
Online stock trade $7
Touchtone (IVR) Phone System $17
Broker Assisted $27
Online Option Trade $ 7 + $1.25 per contract
Touchtone (IVR) Phone System $17 + $1.25 per contract
Broker Assisted $27 + $1.25 per contract
Margin Interest Rates:
$0.01 - $9,999.99 base rate(8.00%) less 0.25% = 7.75%
$10,000.00 - $24,999.99 base rate(8.00%) less 0.50% = 7.50%
$25,000.00 - $49,999.99 base rate(8.00%) less 0.75% = 7.25%
$50,000.00 - $99,999.99 base rate(8.00%) less 1.25% = 6.75%
$100,000.00 - $249,999.99 base rate(8.00%) less 1.50% = 6.50%
$250,000.00 - $499,999.99 base rate(8.00%) less 1.75% = 6.25%
$500,000.00 - $999,999.99 base rate(8.00%) less 2.25% = 5.75%
$1,000,000.00 and above base rate(8.00%) less 2.75% = 5.25%


5. TD AMERITRADE

Special offer: Trade free for 30 days + get $100!
Account Minimum: Cash account $2,000. Margin Account $2,000. Retirement Account $1,000.
Commission Schedule:
online stock trade $9.99,
touchtone phone trade $34.99,
broker assisted Trade: $44.99
online option trade: $9.99+0.75% per contract
Interactive Voice Response (IVR) Telephone System :$34.99 + $0.75 per contract
Broker-assisted: $44.99 + $0.75 per contract
Margin Rates:
Above $ 999,999 (base rate) 7.75%- 1.50%
$250,000 - $999,999 7.75%- 0.75%
$100,000 - $249,999 7.75%- 0.50%
$50,000 - $99,999 7.75%- 0.25%
$25,000 - $49,999 7.75%+ 0.75%
$10,000 - $24,999 7.75%+ 1.00%
Under $10,000 7.75%+1.25%


6. E*TRADE

Special offer: Get 100 commission-free stock and options trades with $6.99-$9.99 commission pricing for active traders.
Account Minimum: Savings: $1 CDs: $1,000 Checking: $5,000 Money Market: $100
Commission Schedule:
Online stock trade:1500+ Trades/Quarter$6.99
150-1499 Trades/Quarter$7.99
30-149 Trades/Quarter ($50,000+ in assets)$9.99
0-29 Trades/Quarter (<$50,000 in assets)$12.99
Touchtone Phone:1-800-ETRADE-1 (1-800-387-2331)
Broker Assisted: Same commission schedule as above, but with additional $45 fee
Online option trade: same schedule as stock trade with additional +0.75 per contract.
Option exercise/assignment: $19.99
Margin rates:
$1,000,000 or more 3.99% (Equal to base rate)
$250,000 to $999,999.99 4.99% (1.00% above base rate)
$50,000 to $249,999.99 5.99% (2.00% above base rate)
Less than $50,000 6.99% (3.00% above base rate

7. ShareBuilder

Special offer: Buy Stocks for $4 & get a $25 Bonus!
Account Minimum: No account minimum
Commission Schedules:
online stock trade Real Time Buy and Sell $9.95, phone trade $29.95 per trade.
Online option trade: $9.95 per trade +$1 per contract
Margin rates:
Loan Balance/Basic/Standard/Advantage
Less than $10,000/ 8.00%/ 7.75%/ 7.50%
$10,000 - $50,000/ 7.00%/ 6.75%/ 6.50%
$50,001 - $250,000/ 6.00%/ 5.75%/ 5.50%
$250,001 and over/ 5.00%/ 4.75%/ 4.50%

8. Charles Schwab

Account Minimum: $1,000
Commission Schedules:
Online stock trade is $12.95 for first 1,000 shares 120 trades per year AND $999,999 or less in household balances. $8.95 for 120+ trades4 per year OR $1,000,000+ in household balances.. +$5 for Automated Phone Trades,+$25 for Broker-Assisted Trades
Online option trade is $8.95, plus $0.75 per contract , +$5 for Automated Phone Trades, +$25 for Broker-Assisted Trades.
Margin Interest Rates:
Debit Balance Margin Rate Effective Rate
$0-$24,999.99 Base Rate + 2.00% =8.50%
$25,000-$49,999.99 Base Rate + 1.50%= 8.00%
$50,000-$99,999.99 Base Rate + 0.50% =7.00%
$100,000-$249,999.99 Base Rate + 0.375%= 6.875%
$250,000-$999,999.99Base Rate + 0.25% =6.75%
$1,000,000-$2,499,999.99Base Rate - 0.25%=6.25%
$2,500,000+Base Rate - 0.50%=6.00%


9. FIRST TRADE

Special Offer: Refer a friend Earn $50
Account minimum: No minimum
Commissions Schedule:
online stock trade $6.95, broker assisted $26.95,Market touch $16.95
online option trade $6.95+$0.75/contract,broker assisted $26.95+$0.75/contract,market touch $16.95+$0.75/contract
Margin Rates:
Balance Rate as of 3/18/2008
$1,000,000+ 4.00%
$500,000 ~ $999,999 5.50%
$250,000 ~ $499,999 6.25%
$150,000 ~ $249,999 6.75%
$100,000 ~ $149,999 7.00%
$50,000 ~ $99,999 7.50%
$0 ~ $49,999 7.75%

10. SOGOTRADE

Special offer: Get 100 free trades when you open a new SogoTrade account.
Get 25 free trades each time you refer a friend to SogoTrade.
Get up to $100 in ACAT fee reimbursement when you transfer a qualified account to SogoTrade.
Account Minimum: $500
Commission Schedules: online stock trading $3,broker assisted $27

Margin Interest Rates
$0.01 - $9,999.99 base rate(4.25%) + 3.50% = 7.75%
$10,000.00 - $49,999.99 base rate(4.25%) + 3.00% = 7.25%
$50,000.00 - $99,999.99 base rate(4.25%) + 1.75% = 6.00%
$100,000.00 - $149,999.99 base rate(4.25%) + 1.50% = 5.75%
$150,000.00 - $249,999.99 base rate(4.25%) + 1.50% = 5.75%
$250,000.00 - $499,999.99 base rate(4.25%) + 1.25% = 5.50%
$500,000.00 - $999,999.99 base rate(4.25%) + 0.75% = 5.00%
$1,000,000.00 and above base rate(4.25%) + 0.25% = 4.50%

Related Posts Plugin for WordPress, Blogger...

3-column blogger templates(available in 4 different styles)