Comparison of online brokerages in the United States
The following is a comparison of notable online brokerages:
Brokerage |
Initial |
STOCK trade |
ETF trade |
Options trade |
Annual |
Real-time |
Real-time |
|---|---|---|---|---|---|---|---|
Charles Schwab |
$1,000 |
$8.95 |
$8.95 |
$8.95 + $0.75 / contract |
|||
E-Trade |
$500 |
$9.99 |
$9.99 |
$9.99 + $0.75 / contract |
|||
Fidelity |
$2,500 |
$7.95 |
$7.95 |
$7.95 + $0.75 / contract |
|||
Firstrade |
$0 |
$6.95 |
$6.95 |
$6.95 + $0.75 / contract |
|||
Interactive Brokers |
$10,000 |
$0.005 per share |
$0.005 per ETF |
$0.00 + $0.75 / contract |
$120.00 |
||
LightSpeed |
$25,000 |
$3.00 (varies) |
$3.00 (varies) |
$0.00 + $0.60 / contract |
|||
Merrill Edge |
$0 |
$6.95 |
$6.95 |
||||
OptionsXpress |
$0 |
$8.95 |
$8.95 |
$1.25 - $1.50 / contract (varies) |
|||
Scottrade |
$500 |
$7.00 |
$7.00 |
$7.00 + $1.25 / contract |
|||
ShareBuilder |
$0 |
$6.95 |
$6.95 |
||||
$0 |
$5.00 |
$5.00 |
|||||
TD Ameritrade |
$0 |
$9.99 |
$9.99 |
$9.99 + $0.75 / contract |
|||
thinkorswim |
$0 |
$9.99 |
$9.99 |
$9.99 + $0.75 / contract |
|||
TradeKing |
$0 |
$4.95 |
$4.95 |
$4.95 + $0.65 / contract |
|||
TradeStation |
$5,000 |
$9.99 |
$9.99 |
$1,199.40 |
|||
USAA |
$0 |
$8.95 |
$8.95 |
||||
Vanguard |
$3,000 |
$20.00 |
$20.00 |
$20.00 |
|||
Wells Fargo |
$1,000 |
$8.95 |
$8.95 |
$60.00 |
|||
Zions Direct |
$9.95 |
$9.95 |
|||||
Brokerage |
Initial |
Stock trade |
ETF trade |
Options trade |
Annual |
Real-time |
Real-time |
See also
- List of asset management firms
- List of mutual-fund families in the United States
External links
- Barron's 2013 Online Broker Review – Detailed breakdown of the top 23 online brokers
- US Online Broker Comparisons – Detailed side-by-side comparisons of online brokerage firms
- Compare the Best Online Brokers – Interactive comparison tool from NerdWallet.com
- Compare Online Brokers – Compare 23 online brokers with an interactive chart from StockBrokers.com
- Performance Index: Brokerage – Brokerage-website speed benchmark results from Keynote Systems