Comparison of online brokerages in the United States
The following is a comparison of notable online brokerages:
Brokerage | Initial funding requirement[lower-alpha 1] |
Stock trade commission[lower-alpha 2] |
ETF trade commission[lower-alpha 2] |
Options trade commission[lower-alpha 2] |
Annual account fee |
Real-time quotes |
Real-time trades |
---|---|---|---|---|---|---|---|
Capital One Investing | $0[1] | $6.95[2] | $6.95[2] | $6.95 + $0.75 / contract[2] | Free | For nonprofessionals[3] | For nonprofessionals |
Charles Schwab | $1,000[4] | $8.95[4] | $8.95[4] | $8.95 + $0.75 / contract[4] | Free | Yes | Yes |
E-Trade | $500[5] | $9.99[6] | $9.99[6] | $9.99 + $0.75 / contract[6] | Free | Yes | Yes |
Fidelity | $2,500[7] | $7.95[8] | $7.95[8] | $7.95 + $0.75 / contract[8] | Free | Yes | Yes |
Firstrade | $0[9] | $6.95[10] | $6.95[10] | $6.95 + $0.75 / contract[10] | Free | Yes | Yes |
Interactive Brokers (per share schedule) |
$10,000[11] | $0.005 / share ($1.00 minimum)[12] |
$0.005 / share ($1.00 minimum)[12] |
$0.70 / contract ($1.00 minimum)[13] |
Free[11] | With subscription | Yes |
Lightspeed Web Trader |
$25,000[14] | $4.00[14] | $4.00[14] | $0.60 / contract ($1.00 minimum)[14] |
Free | Yes | Yes |
Merrill Edge | $0[15] | $6.95[15] | $6.95[15] | $6.95 + $0.75 / contract[15] | Free | Yes | Yes |
OptionsXpress | $0[16] | $8.95[16] | $8.95[16] | $1.25 / contract[16] | Free | Yes | Yes |
Robinhood Markets | $0 | $0[17] | $0[17] | Unsupported[18] | Free | Yes | Yes |
Scottrade | $2,500[19] | $7.00[20] | $7.00[20] | $7.00 + $1.25 / contract[20] | Free | Yes | Yes |
SogoTrade | $0[21] | $5.00[22] | $5.00[22] | $5.00 + $0.50 / contract[22] | Free | Yes | Yes |
TD Ameritrade | $0[23] | $9.99[24] | $9.99[24] | $9.99 + $0.75 / contract[24] | Free | Yes | Yes |
thinkorswim | $0[25] | $9.99[26] | $9.99[26] | $9.99 + $0.75 / contract[26] | Free | Yes | Yes |
TradeKing | $0[27] | $4.95[28] | $4.95[28] | $4.95 + $0.65 / contract[28] | Free | Yes | Yes |
TradeStation | $5,000[29] | $9.99[30] | $9.99[30] | $9.99 + $0.70 / contract[31] | $1,199.40[32] | Yes | Yes |
USAA | $0[33] | $8.95[33] | $8.95[33] | $8.95 + $0.75 / contract[33] | Free | Yes | Yes |
Vanguard | $3,000[34] | $20.00[34] | $20.00[34] | $20.00 + $1.00 / contract[34] | $20.00[34] | Yes[35] | Yes |
WellsTrade | $1,000[36] | $8.95[37] | $8.95[37] | $9.95 + $1.00 / contract[37] | Free[38] | Yes | Yes |
Zions Direct | $50,000[39] | $9.95[39] | $9.95[39] | $10.95 + $1.50 / contract[39] | Free | Yes | Yes |
Brokerage | Initial funding requirement[lower-alpha 1] |
Stock trade commission[lower-alpha 2] |
ETF trade commission[lower-alpha 2] |
Options trade commission[lower-alpha 2] |
Annual account fee |
Real-time quotes |
Real-time trades |
See also
Notes
- 1 2 For an individual taxed investment account, without incurring low balance penalties
- 1 2 3 4 5 6 For comparison purposes, only non-discounted commissions on third-party securities are listed. Some brokerages offer volume discounts for active traders; many omit commissions for house-brand mutual funds and ETFs.
References
- ↑ "Compare Our Pricing". ShareBuilder.com. Capital One. July 1, 2014. Retrieved October 5, 2014.
- 1 2 3 "Pricing & Rates". CapitalOneInvesting.com. Capital One. Retrieved July 30, 2015.
- ↑ "Real-Time Quotes". ShareBuilder.com. Capital One. Retrieved October 17, 2014.
- 1 2 3 4 "Fees and Minimums". Schwab.com. Charles Schwab & Co. Retrieved December 2, 2013.
- ↑ "View All E*TRADE Accounts - Open an Account". ETrade.com. E*TRADE Financial Corporation. Retrieved June 2, 2013.
- 1 2 3 "Pricing & Rates for Investing & Trading". ETrade.com. E*TRADE Financial Corporation. Retrieved December 2, 2013.
- ↑ "Open an Account". Fidelity.com. FMR. Retrieved June 2, 2013.
- 1 2 3 "Brokerage Commission and Fee Schedule" (PDF). Fidelity.com. FMR. Retrieved December 2, 2013.
- ↑ "Online Brokerage Comparisons". Firstrade.com. Firstrade Securities. Retrieved December 2, 2013.
- 1 2 3 "Pricing". Firstrade.com. Firstrade Securities. Retrieved December 2, 2013.
- 1 2 "Required Minimums". InteractiveBrokers.com. Interactive Brokers Group. Retrieved December 2, 2013.
- 1 2 "Stocks, ETFs and Warrants / Flat Rate". InteractiveBrokers.com. Interactive Brokers Group. Retrieved December 2, 2013.
- ↑ "Options / Overview". InteractiveBrokers.com. Interactive Brokers Group. Retrieved December 2, 2013.
- 1 2 3 4 "Commission". Lightspeed.com. Lightspeed Financial. Retrieved May 29, 2013.
- 1 2 3 4 "Trading Commissions & Fees". MerrillEdge.com. Bank of America Corporation. Retrieved May 27, 2013.
- 1 2 3 4 "Pricing & Commissions". OptionsXpress.com. The Charles Schwab Corporation. Retrieved April 9, 2015.
- 1 2 "About Robinhood". Support.Robinhood.com. Robinhood Markets. July 5, 2016. Retrieved July 21, 2016.
- ↑ "What Assets and Securities are Available on Robinhood?". RobinhoodApp.Zendesk.com. Robinhood. February 18, 2015. Retrieved March 29, 2015.
- ↑ "At Scottrade, Real Value is More than $7 Trades, Compare Brokers and See for Yourself". Scottrade.com. Scottrade. Retrieved September 3, 2015.
- 1 2 3 "Lower Trading Fees - Offering Simplicity & Ease". Scottrade.com. Scottrade. Retrieved May 27, 2013.
- ↑ "Compare Our Pricing". SogoTrade.com. Wang Investments. Retrieved June 2, 2013.
- 1 2 3 "Commissions, Rates, and Fees". SogoTrade.com. Wang Investments. Retrieved April 9, 2015.
- ↑ "Why TD Ameritrade?". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved June 2, 2013.
- 1 2 3 "Pricing". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved May 27, 2013.
- ↑ "Choice and Flexibility That Comes Standard". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved December 2, 2013.
- 1 2 3 "Rates and Commissions". ThinkOrSwim.com. TD Ameritrade IP Company. June 1, 2011. Retrieved December 2, 2013.
- ↑ "Other Fees". TradeKing.com. TradeKing Group. Retrieved May 28, 2013.
- 1 2 3 "Compare Our Trading Price". TradeKing.com. TradeKing Group. Retrieved August 25, 2013.
- ↑ "Stock & ETF Account and Margin Requirements". TradeStation.com. TradeStation Group. Retrieved June 2, 2013.
- 1 2 "Stocks & ETF Pricing". TradeStation.com. TradeStation Group. Retrieved September 10, 2015.
- ↑ "Options Pricing". TradeStation.com. TradeStation Group. Retrieved September 10, 2015.
- ↑ "Service Fees & Interest Rates". TradeStation.com. TradeStation Group. Retrieved June 1, 2013.
- 1 2 3 4 "Commissions, Fees & Rates". USAA.com. USAA Investment Management Company. Retrieved September 3, 2015.
- 1 2 3 4 5 "Vanguard Brokerage Services Commission and Fee Schedules". Personal.Vanguard.com. The Vanguard Group. January 2015. Retrieved September 11, 2015.
- ↑ "Brokerage FAQs – Getting Started". Personal.Vanguard.com. The Vanguard Group. Retrieved January 21, 2015.
- ↑ "Getting Started". Apply.WellsFargo.com. Wells Fargo Advisors. Retrieved June 2, 2013.
- 1 2 3 "WellsTrade Account Commissions". WellsFargo.com. Wells Fargo Advisors. April 1, 2013. Retrieved May 28, 2013.
- ↑ "WellsTrade Fees". WellsFargo.com. Wells Fargo Advisors. March 1, 2013. Retrieved June 1, 2013.
- 1 2 3 4 "Fees & Commissions". ZionsDirect.com. Zions Direct. August 5, 2015. Retrieved October 14, 2015.
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