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. 1 2 For an individual taxed investment account, without incurring low balance penalties
  2. 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

  1. "Compare Our Pricing". ShareBuilder.com. Capital One. July 1, 2014. Retrieved October 5, 2014.
  2. 1 2 3 "Pricing & Rates". CapitalOneInvesting.com. Capital One. Retrieved July 30, 2015.
  3. "Real-Time Quotes". ShareBuilder.com. Capital One. Retrieved October 17, 2014.
  4. 1 2 3 4 "Fees and Minimums". Schwab.com. Charles Schwab & Co. Retrieved December 2, 2013.
  5. "View All E*TRADE Accounts - Open an Account". ETrade.com. E*TRADE Financial Corporation. Retrieved June 2, 2013.
  6. 1 2 3 "Pricing & Rates for Investing & Trading". ETrade.com. E*TRADE Financial Corporation. Retrieved December 2, 2013.
  7. "Open an Account". Fidelity.com. FMR. Retrieved June 2, 2013.
  8. 1 2 3 "Brokerage Commission and Fee Schedule" (PDF). Fidelity.com. FMR. Retrieved December 2, 2013.
  9. "Online Brokerage Comparisons". Firstrade.com. Firstrade Securities. Retrieved December 2, 2013.
  10. 1 2 3 "Pricing". Firstrade.com. Firstrade Securities. Retrieved December 2, 2013.
  11. 1 2 "Required Minimums". InteractiveBrokers.com. Interactive Brokers Group. Retrieved December 2, 2013.
  12. 1 2 "Stocks, ETFs and Warrants / Flat Rate". InteractiveBrokers.com. Interactive Brokers Group. Retrieved December 2, 2013.
  13. "Options / Overview". InteractiveBrokers.com. Interactive Brokers Group. Retrieved December 2, 2013.
  14. 1 2 3 4 "Commission". Lightspeed.com. Lightspeed Financial. Retrieved May 29, 2013.
  15. 1 2 3 4 "Trading Commissions & Fees". MerrillEdge.com. Bank of America Corporation. Retrieved May 27, 2013.
  16. 1 2 3 4 "Pricing & Commissions". OptionsXpress.com. The Charles Schwab Corporation. Retrieved April 9, 2015.
  17. 1 2 "About Robinhood". Support.Robinhood.com. Robinhood Markets. July 5, 2016. Retrieved July 21, 2016.
  18. "What Assets and Securities are Available on Robinhood?". RobinhoodApp.Zendesk.com. Robinhood. February 18, 2015. Retrieved March 29, 2015.
  19. "At Scottrade, Real Value is More than $7 Trades, Compare Brokers and See for Yourself". Scottrade.com. Scottrade. Retrieved September 3, 2015.
  20. 1 2 3 "Lower Trading Fees - Offering Simplicity & Ease". Scottrade.com. Scottrade. Retrieved May 27, 2013.
  21. "Compare Our Pricing". SogoTrade.com. Wang Investments. Retrieved June 2, 2013.
  22. 1 2 3 "Commissions, Rates, and Fees". SogoTrade.com. Wang Investments. Retrieved April 9, 2015.
  23. "Why TD Ameritrade?". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved June 2, 2013.
  24. 1 2 3 "Pricing". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved May 27, 2013.
  25. "Choice and Flexibility That Comes Standard". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved December 2, 2013.
  26. 1 2 3 "Rates and Commissions". ThinkOrSwim.com. TD Ameritrade IP Company. June 1, 2011. Retrieved December 2, 2013.
  27. "Other Fees". TradeKing.com. TradeKing Group. Retrieved May 28, 2013.
  28. 1 2 3 "Compare Our Trading Price". TradeKing.com. TradeKing Group. Retrieved August 25, 2013.
  29. "Stock & ETF Account and Margin Requirements". TradeStation.com. TradeStation Group. Retrieved June 2, 2013.
  30. 1 2 "Stocks & ETF Pricing". TradeStation.com. TradeStation Group. Retrieved September 10, 2015.
  31. "Options Pricing". TradeStation.com. TradeStation Group. Retrieved September 10, 2015.
  32. "Service Fees & Interest Rates". TradeStation.com. TradeStation Group. Retrieved June 1, 2013.
  33. 1 2 3 4 "Commissions, Fees & Rates". USAA.com. USAA Investment Management Company. Retrieved September 3, 2015.
  34. 1 2 3 4 5 "Vanguard Brokerage Services Commission and Fee Schedules". Personal.Vanguard.com. The Vanguard Group. January 2015. Retrieved September 11, 2015.
  35. "Brokerage FAQs – Getting Started". Personal.Vanguard.com. The Vanguard Group. Retrieved January 21, 2015.
  36. "Getting Started". Apply.WellsFargo.com. Wells Fargo Advisors. Retrieved June 2, 2013.
  37. 1 2 3 "WellsTrade Account Commissions". WellsFargo.com. Wells Fargo Advisors. April 1, 2013. Retrieved May 28, 2013.
  38. "WellsTrade Fees". WellsFargo.com. Wells Fargo Advisors. March 1, 2013. Retrieved June 1, 2013.
  39. 1 2 3 4 "Fees & Commissions". ZionsDirect.com. Zions Direct. August 5, 2015. Retrieved October 14, 2015.
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