Discount brokerage account comparisons

Discount brokerage account comparisons

Okay, so you want to get into the game of investing and or retirement.  Thinking about it is a good start.  Luckily for you there are several to choose from.  Personally, I would recommend Vanguard or Fidelity.  If you purchase either company’s own funds or recommended funds, then there are no commission fees due.  However, if you want to purchase stocks, options, ETFs, etc. there is usually a nominal fee of around $7.95.  Scottrade is also a great discount brokerage that is excellent for regular trading as well as purchasing Vanguard and Fidelity funds.

Here’s a breakdown of the leading discount brokerage accounts:

BROKER COMMISSION SCHEDULE ACCOUNT MINIMUMS ACCOUNT FEATURES TOOLS / RESEARCH
E*TRADE Online Stock Trades Brokerage Cash Account Online Banking E*TRADE 360: Website Trading Experience
  $9.99 $500 Mobile Trading Manage your investments and trade from one fully customizable, easy-to-use page
    Brokerage Margin Account Global Trading on Foreign Exchanges E*TRADE Pro: Active Trading Platform
    $2,000 Options Our premier trading technology for elite traders featuring our most powerful tools
    Retirement Mutual Funds E*TRADE Mobile: Ultimate Mobile Investing
    $0 Dividend Reinvestment Trade anytime, anywhere
      Local Offices  
      Broker Assisted Trades  
         
         
TD Ameritrade Online Trades Cash Account Online Banking TD Ameritrade Mobile:
  Market/Limit Orders $9.99 $0 Mobile Trading Trade at the drop of a hat with the leader in mobile trading.
  Touchtone Phone Margin Account Global Trading on Foreign Exchanges Exceptional Value:
  Market/Limit Orders $34.99 $2,000 Options From our mobile apps, to Trade Architect to thinkorswim, there are no additional fees for any of our platforms.
  Broker Assisted Retirement Account Mutual Funds Support when you need it:
  Market/Limit Orders $44.99 $0 Dividend Reinvestment Help online 24/7 and at your local branch
      Local Offices  
      Broker Assisted Trades  
         
         
Fidelity Online Stock Trades Brokerage Cash Account Online Banking Trading Tools at Fidelity:
  Market/Limit Orders as low as $7.95 $2,500 Mobile Trading Sophisticated platforms and tools help you trade how you want, wherever you are.
  Touchtone Phone Brokerage Margin Account Global Trading on Foreign Exchanges Stock Research:
  Market/Limit Orders as low as $12.95 $2,000 Options Easier access to the insights needed to make informed investment decisions.
  Broker Assisted Retirement Mutual Funds Trade Execution Guarantee:
  Market/Limit Orders as low as $32.95 $2,500 Dividend Reinvestment Only Fidelity gives you a one-second trade execution guarantee.
      Local Offices Kiplinger’s names Fidelity #1 online broker for 2014
      Broker Assisted Trades  
         
         
ShareBuilder Online Trades Cash Account Online Banking Free ETF Portfolio Builder:
  Market/Limit Orders No Minimum Required Mobile Trading Create a diversified portfolio based on your goals and investing style
  $6.95 Margin Account Options Research Reports:
  Automatic Investments $2,000 Mutual Funds Find the stocks, ETF’s or mutual funds for your investment strategy with 8 powerful tools.
  $1.00-$3.95 Retirement Account Dividend Reinvestment  
  Phone Trades No Minimum Required    
  Market/Limit Orders $19.95      
         
         
Scottrade Online trades Cash Account Online Banking Scottrade® Mobile App
  Market/Limit Orders $7 $2,500 Mobile Trading Our mobile app offers online research, trading and banking in a sleek, intuitive design.
  Touchtone Phone Margin Account Options Easy-Access Online Banking
  Market/Limit Orders $32 $2,000 Mutual Funds Enjoy real-time transfers to and from your Scottrade® brokerage account and refunds on most ATM withdrawals nationwide.
  Broker Assisted Retirement Account Dividend Reinvestment Full Suite of Investment Products
  Market/Limit Orders $32 $0 Local Offices Access stocks, ETFs competitive margin loan rates, option products, 14,500+ mutual funds, CDs, bonds and more.
      Broker Assisted Trades In-Depth Research Tools
        Get access to stock, ETF, and mutual fund screeners, independent analyst reports from Thomson Reuters, Dow Jones and S&P, a comprehensive market calendar and more.
         
         
Charles Schwab Online Trades Cash Account Online Banking Access us and your money—24/7.
  Start at $8.95 $2,500 Mobile Trading In-depth research from Schwab and third-party firms.
    Margin Account Global Trading on Foreign Exchanges Put powerful, easy-to-use tools to work for your trades.
    $2,500 Options Professional money management to fit your goals.
    Retirement Account Mutual Funds  
    $0.00 Dividend Reinvestment  
      Local Offices  
      Broker Assisted Trades  
         
         
OptionsHouse Online Trades Cash Account Mobile Trading OptionsHouse Mobile Apps:
  Market/Limit Orders No Minimum Required Options Trade on the go with the Number 1 Ranked Mobile Apps
  $4.95 Margin Account Mutual Funds Customizable Platform:
  Automatic Investments $2,000 Dividend Reinvestment Get more control with our fully customizable trading platform
  Market/Limit Orders Retirement Account Broker Assisted Trades Better Value:
  $4.95 No Minimum Required   Low commissions, fast execution and powerful tools make OptionsHouse a value leader
  Phone Trades      
  Market/Limit Orders $4.95      
         
         
Merrill Edge Online Trades Brokerage Cash Account Online Banking Streamline your investing
  Market/Limit Orders $6.95 $0 Mobile Trading See your investment and bank accounts on the same page with one login.
  Touchtone Phone Brokerage Margin Account Options Make more informed decisions
  Market/Limit Orders $32.50 $2,000 Mutual Funds Access independent research and easy-to-use tools.
  Broker Assisted Retirement Account Dividend Reinvestment Enjoy a full range of investments
  Market/Limit Orders $29.95 $0 Local Offices Choose from thousands of stocks, bonds, ETFs and mutual funds.
      Broker Assisted Trades  
         
         
Interactive Brokers Online Trades Cash Account Mobile Trading MobileTWS:
  Market/Limit Orders 1/2 penny per share $10,000 Global Trading on Foreign Exchanges
  Touchtone Phone Margin Account Options Stock Yield Enhancement Program:
  Market/Limit Orders $30 per order $10,000 Mutual Funds Earn extra income on the fully-paid shares of stock held in your account.
  Broker Assisted Retirement Account Broker Assisted Trades Margin Rates::
  Market/Limit Orders 1 penny per share $5000   Below 2%
         
         
Vanguard Online Stock Trades: Cash Account Mobile Trading  
  Vanguard ETFs® trade commission-free $0.00 Options  
    Retirement (IRA) Mutual Funds  
  Stocks and non-Vanguard ETFs: $1,000 Broker Assisted Trades  
  $7 for first 25 trades, $20 for subsequent trades   Dividend Reinvestment  
         

 

 

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