Comparison of online brokerages in the United States
The following is a comparison of notable brokerage firms for Investing online:
Brokerage | Initial funding requirement[lower-alpha 1] |
Stock & ETF trade commission[lower-alpha 2] |
Options trade commission[lower-alpha 2] |
Annual account fee |
Real-time quotes |
---|---|---|---|---|---|
Ally Invest by Ally Financial | $0[1] | $4.95[1] | $4.95 + $0.65 / contract[1] | Free | Yes |
Capital One Investing | $0[2] | $6.95[2] | $6.95 + $0.75 / contract[2] | Free | For nonprofessionals[3] |
Charles Schwab Corporation | $1,000; waived if direct deposit is setup; $0 if linked to checking account[4] | $4.95[4] | $4.95 + $0.65 / contract[4] | Free | Yes |
Chase Bank | $0[5] | $5.00[5] | $5.00[5] | Free | Yes |
E-Trade | $500[6] | $6.95[6] | $6.95 + $0.50-$0.75 / contract[6] | Free | Yes |
Fidelity Investments | $0; $2,500 for certain accounts[7] | $4.95[7] | $4.95 + $0.65 / contract[7] | Free | Yes |
Firstrade Securities | $0[8] | $0.00[8] | $0.00 + $0.00 / contract[8] | Free | Yes |
Interactive Brokers | $10,000[9] | $0.005 / share, $1.00 minimum[10] | $0.70 / contract, $1.00 minimum[10] | Free[10] | Yes |
Lightspeed Financial | $10,000+, depending on account type[11] | $4.00[12] | $0.60 / contract, $1.00 minimum[12] | Free | Yes |
Merrill Edge by Bank of America | $0[13] | $6.95; 30 trades / month free for customers with accounts worth more than $50,000[13] | $6.95 + $0.75 / contract[13] | Free | Yes |
PNC Bank | $0[14] | $9.99[14] | Unsupported[14] | Free | Yes |
Robinhood Markets | $0 | $0[15] | $0[16] | Free | Yes |
Suntrust Banks | $0[17] | $29.95[17] | Unsupported | Free | Yes |
TD Ameritrade | $0[18] | $6.95[18] | $6.95 + $0.75 / contract[18] | Free | For nonprofessionals[19] |
TradeStation | $5,000[20] | $5.00[21] | $5.00 + $0.50 / contract[21] | Free[22] | Yes |
US Bank | $0[23] | $8.95[23] | $8.95 + $1.00 / contract[23] | Free | Yes |
USAA | $0[24] | $8.95[24] | $8.95 + $0.75 / contract[24] | Free | Yes |
The Vanguard Group | $0; some mutual funds have minimums[25] | $0-$20, depending on account balance[26] | $2-$20, depending on account balance + $1.00 / contract[26] | $20.00; waived for account holders with electronic statement delivery[27] | Yes |
WellsTrade by Wells Fargo | $1,000[28] | $6.95-$8.95[28] | $9.95 + $1.00 / contract[28] | Free[28] | Yes |
Zions Direct | $0[29] | $0.005 / share; $5 minimum[29] | $10.95 + $1.50 per contract[29] | Free | Yes |
Brokerage | Initial funding requirement[lower-alpha 1] |
Stock trade commission[lower-alpha 2] |
Options trade commission[lower-alpha 2] |
Annual account fee |
Real-time quotes |
See also
Notes
- 1 2 For an individual taxed investment account, without incurring low balance penalties
- 1 2 3 4 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 2 3 "Ally Invest Legal Disclosures - Ally Invest". www.ally.com. Retrieved May 1, 2018.
- 1 2 3 ShareBuilder.com. "Capital One Investing". www.capitaloneinvesting.com. Retrieved May 1, 2018.
- ↑ "Capital One Investing". www.capitaloneinvesting.com. Retrieved May 1, 2018.
- 1 2 3 Charles Schwab: Fees & Minimums
Charles Schwab: High Yield Checking - 1 2 3 "Fee Schedule for Self-Directed Investing Accounts" (PDF). chase.com. Retrieved June 1, 2018.
- 1 2 3 "E*TRADE Fees and Rates - Pricing for Investing & Trading - E*TRADE". us.etrade.com. Retrieved May 1, 2018.
- 1 2 3 "Trading Commissions and Margin Rates - Fidelity". www.fidelity.com. Retrieved May 1, 2018.
- 1 2 3 Firstrade: Pricing
- ↑ https://www.interactivebrokers.co.uk/en/index.php?f=4969
- 1 2 3 "Commissions - Fixed - Interactive Brokers". www.interactivebrokers.com. Retrieved May 1, 2018.
- ↑ "Lightspeed: Funding Information". Retrieved May 1, 2018.
- 1 2 "Lightspeed: Commissions". Retrieved May 1, 2018.
- 1 2 3 "Low Pricing. Plain and Simple". Merrill Edge. Retrieved May 1, 2018.
- 1 2 3 "PNC". PNC. Retrieved May 1, 2018.
- ↑ "About Robinhood". Robinhood Help Center. Retrieved May 1, 2018.
- ↑ "How We Can Offer Commission-Free Options Trading". Robinhood Help Center. Retrieved May 1, 2018.
- 1 2 "Wealth Management Solutions - SunTrust Wealth Management". SunTrust. Retrieved May 1, 2018.
- 1 2 3 "Online Trading Pricing". www.tdameritrade.com. Retrieved May 1, 2018.
- ↑ "Trading Tools and Platforms". www.tdameritrade.com. Retrieved May 1, 2018.
- ↑ "TradeStation - GetStarted". getstarted.tradestation.com. Retrieved May 1, 2018.
- 1 2 "TradeStation - New Simplified Low-Cost Commission Pricing". Retrieved May 1, 2018.
- ↑ "General Account Questions Archives - TradeStation". TradeStation. Retrieved May 1, 2018.
- 1 2 3 "US Bank: Schedule of Commissions and Fees" (PDF). Retrieved May 1, 2018.
- 1 2 3 "Brokerage Trading Commission Rates - USAA". www.usaa.com. Retrieved May 1, 2018.
- ↑ "Vanguard ETF fees & minimums - Vanguard". investor.vanguard.com. Retrieved May 1, 2018.
- 1 2 "Vanguard Brokerage trading fees & commissions - Vanguard". investor.vanguard.com. Retrieved May 1, 2018.
- ↑ "Annual account service fees - Vanguard". investor.vanguard.com. Retrieved May 1, 2018.
- 1 2 3 4 "WellsTrade® Commissions and Fees – Wells Fargo". www.wellsfargo.com. Retrieved May 1, 2018.
- 1 2 3 "Zions Direct - Broker Comparison". www.zionsdirect.com. Retrieved May 1, 2018.
This article is issued from
Wikipedia.
The text is licensed under Creative Commons - Attribution - Sharealike.
Additional terms may apply for the media files.