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Online Brokerage Firms Comparison

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Thinking about investing and need some help getting started? Or perhaps you are looking for a new brokerage firm that’s more suitable to your investment style? We hope this guide will help you compare online brokers and find the broker that’s right for you. Click on “Visit Broker” link to get more information about each broker, including commission schedules, in-depth feature lists, and contact information.

You can help us improve this guide by suggesting a broker or sending us a feedback at igfeedback@investorguide.com.

Note: Information was last updated 3/8/2013 current details and offers may be different. Please check broker’s web site for most current information.

Broker

Commissions (a, b, c)
(Minimum Commissions)

Minimum Balance

Trade Types

Special Offers (d)

Charles Schwab

Charles SCHWAB

  • Stocks: $8.95
  • Mutual Funds: $8.95
  • Options: $8.95 plus $0.75 per contract
$1000
  • U.S. Stocks
  • Mutual Funds
  • Options
  • No trade minimum.
  • No account fees.
  • No platform fees.

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TD Ameritrade

tdameritrade-204x70

  • Stocks: $9.95
  • Mutual Funds: $49.99
  • Options: $9.99 plus $0.75 per contract
$2,500
  • U.S. Stocks
  • Mutual Funds
  • Options
  • Trade free for 60 days and get up to $600 bonus

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Trade Monster

trademonster

  • Stocks: $7.50
  • Mutual Funds: $15.00
  • Options: $0.50 per contract ($12.50 minimum)
$2,000
  •  U.S. Stocks
  • Mutual Funds
  • Options
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TradeKing

tradeking

  • Stocks: $4.95
  • Mutual Funds: $9.95
  • Options: $4.95 plus $0.65 per contract
N/A
  • U.S. Stocks
  • Mutual Funds
  • Options
  • Get $150 in Transfer Fees Back.
  • $25 Wire Transfer Fee Reimbursement.

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OptionsHouse

options house

  • Stocks: $3.95
  • Mutual Funds: $9.95
  • Options: 5 for $5.00, or $8.50 plus $0.15 per contract
$1,000
  • U.S. Stocks
  • Mutual Funds
  • Options
  • Get 100 commission free trades when open a new account with $3,000 or more (promo code: FREE100)
  • OptionsHouse will cover up to $100 in ACAT fee (transfer fee).

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Scottrade

scottrade-204x70

  • Stocks: $7.00
  • Mutual Funds: $17.00
  • Options: $7.00 plus $1.25 per contract
$500
  • U.S. Stocks
  • Mutual Funds
  • Options
  • Get account transfer fees reimbursed up to $100 with transfer of $10,000 or more into a Scottrade account.

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E*Trade

etrade-204x70

  • Stocks: $9.99
  • Mutual Funds: $19.99
  • Options: $9.99 plus $0.75 per contract
$500
  • U.S. and International Stocks
  • Mutual Funds
  • Options
  • Trade free for 60 days and get up to $500 bonus

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ShareBuilder

sharebuilder

  • Stocks: $6.95
  • Mutual Funds: $19.95
  • Options: $6.95 plus $0.75 per contract
$0
  • U.S. Stocks
  • Mutual Funds
  • Options
  • Receive $100 bonus when you make a full brokerage account transfer of $5000 or more into a new ShareBuilder account.

Visit Broker

IMPORTANT: While we attempt to provide the most accurate information possible, broker may make changes without notifying InvestorGuide.com. As such, the information and links on this page are provided for your convenience only and InvestorGuide.com doesn’t guarantee its validity or accuracy. Please consult with the individual broker before you decide.

  • All stock trade fees are for unassisted online market order trades.
  • All mutual fund trade fees are for No-Load Funds not in No-Transaction Fee (NTF) program.
  • All option trade fees are for unassisted online trades.
  • You must meet broker’s requirements to be eligible for special offers. Please check broker website for more detail.
  • The commission rate depends on the number of trades you make per quarter.

DISCLAIMER: The information and links on this page are provided for your convenience only. InvestorGuide.com is not a registered broker-dealer and does not endorse or recommend the services of any brokerage company. The information and services that can be accessed through these links are provided by the individual brokerage companies, not by InvestorGuide.com. The brokerage company you select is solely responsible for its services to you, the user. InvestorGuide.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of a brokerage company’s services. Offers may be valid in the US only.

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