Comparison of online brokerages in the United States

The following is a comparison of notable online brokerages:

Brokerage Initial
funding
requirement[lower-alpha 1]		 Stock trade
commission[lower-alpha 2]		 ETF trade
commission[lower-alpha 2]		 Options trade
commission[lower-alpha 2]		 Annual
account
fee		 Real-time
quotes		 Real-time
trades
Capital One Investing $0[1] $6.95[2] $6.95[2] $6.95 + $0.75 / contract[2] Free For nonprofessionals[3] For nonprofessionals
Charles Schwab $1,000[4] $8.95[4] $8.95[4] $8.95 + $0.75 / contract[4] Free Yes Yes
E-Trade $500[5] $9.99[6] $9.99[6] $9.99 + $0.75 / contract[6] Free Yes Yes
Fidelity $2,500[7] $7.95[8] $7.95[8] $7.95 + $0.75 / contract[8] Free Yes Yes
Firstrade $0[9] $6.95[10] $6.95[10] $6.95 + $0.75 / contract[10] Free Yes Yes
Interactive Brokers
(per share schedule)		 $10,000[11] $0.005 / share
($1.00 minimum)[12]		 $0.005 / share
($1.00 minimum)[12]		 $0.70 / contract
($1.00 minimum)[13]		 Free[11] With subscription Yes
Lightspeed
Web Trader		 $25,000[14] $4.00[14] $4.00[14] $0.60 / contract
($1.00 minimum)[14]		 Free Yes Yes
Merrill Edge $0[15] $6.95[15] $6.95[15] $6.95 + $0.75 / contract[15] Free Yes Yes
OptionsXpress $0[16] $8.95[16] $8.95[16] $1.25 / contract[16] Free Yes Yes
Robinhood Markets $0 $0 $0 Unsupported[17] Free Yes Yes
Scottrade $2,500[18] $7.00[19] $7.00[19] $7.00 + $1.25 / contract[19] Free Yes Yes
SogoTrade $0[20] $5.00[21] $5.00[21] $5.00 + $0.50 / contract[21] Free Yes Yes
TD Ameritrade $0[22] $9.99[23] $9.99[23] $9.99 + $0.75 / contract[23] Free Yes Yes
thinkorswim $0[24] $9.99[25] $9.99[25] $9.99 + $0.75 / contract[25] Free Yes Yes
TradeKing $0[26] $4.95[27] $4.95[27] $4.95 + $0.65 / contract[27] Free Yes Yes
TradeStation $5,000[28] $9.99[29] $9.99[29] $9.99 + $0.70 / contract[30] $1,199.40[31] Yes Yes
USAA $0[32] $8.95[32] $8.95[32] $8.95 + $0.75 / contract[32] Free Yes Yes
Vanguard $3,000[33] $20.00[33] $20.00[33] $20.00 + $1.00 / contract[33] $20.00[33] Yes[34] Yes
Wells Fargo $1,000[35] $8.95[36] $8.95[36] $9.95 + $1.00 / contract[36] Free[37] Yes Yes
Zions Direct $50,000[38] $9.95[38] $9.95[38] $10.95 + $1.50 / contract[38] Free Yes Yes
Brokerage Initial
funding
requirement[lower-alpha 1]		 Stock trade
commission[lower-alpha 2]		 ETF trade
commission[lower-alpha 2]		 Options trade
commission[lower-alpha 2]		 Annual
account
fee		 Real-time
quotes		 Real-time
trades

See also

Notes

  1. 1 2 For an individual taxed investment account, without incurring low balance penalties
  2. 1 2 3 4 5 6 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. ↑ "Compare Our Pricing". ShareBuilder.com. Capital One. 2014-07-01. Retrieved 2014-10-05.
  2. 1 2 3 "Pricing & Rates". CapitalOneInvesting.com. Capital One. Retrieved 2015-07-30.
  3. ↑ "Real-Time Quotes". ShareBuilder.com. Capital One. Retrieved 2014-10-17.
  4. 1 2 3 4 "Fees and Minimums". Schwab.com. Charles Schwab & Co. Retrieved 2013-12-02.
  5. ↑ "View All E*TRADE Accounts - Open an Account". ETrade.com. E*TRADE Financial Corporation. Retrieved 2013-06-02.
  6. 1 2 3 "Pricing & Rates for Investing & Trading". ETrade.com. E*TRADE Financial Corporation. Retrieved 2013-12-02.
  7. ↑ "Open an Account". Fidelity.com. FMR. Retrieved 2013-06-02.
  8. 1 2 3 "Brokerage Commission and Fee Schedule" (PDF). Fidelity.com. FMR. Retrieved 2013-12-02.
  9. ↑ "Online Brokerage Comparisons". Firstrade.com. Firstrade Securities. Retrieved 2013-12-02.
  10. 1 2 3 "Pricing". Firstrade.com. Firstrade Securities. Retrieved 2013-12-02.
  11. 1 2 "Required Minimums". InteractiveBrokers.com. Interactive Brokers Group. Retrieved 2013-12-02.
  12. 1 2 "Stocks, ETFs and Warrants / Flat Rate". InteractiveBrokers.com. Interactive Brokers Group. Retrieved 2013-12-02.
  13. ↑ "Options / Overview". InteractiveBrokers.com. Interactive Brokers Group. Retrieved 2013-12-02.
  14. 1 2 3 4 "Commission". Lightspeed.com. Lightspeed Financial. Retrieved 2013-05-29.
  15. 1 2 3 4 "Trading Commissions & Fees". MerrillEdge.com. Bank of America Corporation. Retrieved 2013-05-27.
  16. 1 2 3 4 "Pricing & Commissions". OptionsXpress.com. The Charles Schwab Corporation. Retrieved 2015-09-04.
  17. ↑ "What Assets and Securities are Available on Robinhood?". RobinhoodApp.Zendesk.com. Robinhood. 2015-02-18. Retrieved 2015-03-29.
  18. ↑ "At Scottrade, Real Value is More than $7 Trades, Compare Brokers and See for Yourself". Scottrade.com. Scottrade. Retrieved 2015-09-03.
  19. 1 2 3 "Lower Trading Fees - Offering Simplicity & Ease". Scottrade.com. Scottrade. Retrieved 2013-05-27.
  20. ↑ "Compare Our Pricing". SogoTrade.com. Wang Investments. Retrieved 2013-06-02.
  21. 1 2 3 "Commissions, Rates, and Fees". SogoTrade.com. Wang Investments. Retrieved 2015-09-04.
  22. ↑ "Why TD Ameritrade?". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved 2013-06-02.
  23. 1 2 3 "Pricing". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved 2013-05-27.
  24. ↑ "Choice and Flexibility That Comes Standard". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved 2013-12-02.
  25. 1 2 3 "Rates and Commissions". ThinkOrSwim.com. TD Ameritrade IP Company. 2011-06-01. Retrieved 2013-12-02.
  26. ↑ "Other Fees". TradeKing.com. TradeKing Group. Retrieved 2013-05-28.
  27. 1 2 3 "Compare Our Trading Price". TradeKing.com. TradeKing Group. Retrieved 2013-08-25.
  28. ↑ "Stock & ETF Account and Margin Requirements". TradeStation.com. TradeStation Group. Retrieved 2013-06-02.
  29. 1 2 "Stocks & ETF Pricing". TradeStation.com. TradeStation Group. Retrieved 2015-09-10.
  30. ↑ "Options Pricing". TradeStation.com. TradeStation Group. Retrieved 2015-09-10.
  31. ↑ "Service Fees & Interest Rates". TradeStation.com. TradeStation Group. Retrieved 2013-06-01.
  32. 1 2 3 4 "Commissions, Fees & Rates". USAA.com. USAA Investment Management Company. Retrieved 2015-09-03.
  33. 1 2 3 4 5 "Vanguard Brokerage Services Commission and Fee Schedules". Personal.Vanguard.com. The Vanguard Group. January 2015. Retrieved 2015-09-11.
  34. ↑ "Brokerage FAQs – Getting Started". Personal.Vanguard.com. The Vanguard Group. Retrieved 2015-01-21.
  35. ↑ "Getting Started". Apply.WellsFargo.com. Wells Fargo Advisors. Retrieved 2013-06-02.
  36. 1 2 3 "WellsTrade Account Commissions". WellsFargo.com. Wells Fargo Advisors. 2013-04-01. Retrieved 2013-05-28.
  37. ↑ "WellsTrade Fees". WellsFargo.com. Wells Fargo Advisors. 2013-03-01. Retrieved 2013-06-01.
  38. 1 2 3 4 "Fees & Commissions". ZionsDirect.com. Zions Direct. 2015-08-05. Retrieved 2015-10-14.
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