In the modern world of advanced technologies, stock brokers are becoming increasingly cheap. However, cheap doesn’t mean the same. Here are some of the more popular brokerages and what they charge.
The reason why many people are looking at OptionsHouse is due to its cheap stock trades. If you are looking for a trading platform that works and is cheap, look no further.
If you don’t mind the bad publicity and the fact that they might change the rules again, Zecco isn’t a bad choice. Currently, they still offer free stock trades for those that have $25,000 in assets or trade 25 times a month.
OptionsXpress must be making a lot of money off customers because their trading commissions are highest of the bunch. It’s $14.95 for most people and $12.95 for high volume traders. Pretty expensive right?
Wells Trade is one of the stock brokers I use because they provide 100 free trades. It’s easy to sign up for an account if you are already a Wells Fargo customer and I like the fact that you can transfer assets around easily.
One of the best discount broker is TradeKing, because of its amazing customer support. Their $4.95 a trade made headlines back in the days and continue to be one of the best options out there.
Etrade was once the best broker out there but with many cheaper alternative and its mortgage troubles, the company isn’t the powerhouse that it once was.
Scottrade offers seven dollar trades, which isn’t bad but not the cheapest. However, their customer support is second to none and they also have the most branches nationwide. In addition, they are the cheapest option that offers face to face interaction.
TradeMonster is new and worth a look because of their ties to OptionsMonster. The celebrity endorsement of the Najarian Boys is reason enough to take a look.
The highest end stock broker in this list is Charles Schwab. While stock trades are $12.99, they do offer a 2% cash back credit card which makes up for some of the stock commissions.
I don’t really like TD Ameritrade but it works fine. Their stock commissions are $9.99 a trade and they have no hidden fees to boot. This option is fine, but it’s not one I recommend.
Netflix coupon is not really a stock broker but with the money you will be saving with these discount brokers, you may want to use it for some great DVDs.
