Comparison of online brokerages in the United States

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The following is a comparison of notable brokerage firms for Investing online:

Brokerage Initial
funding
requirement[a]
Stock & ETF trade
commission[b]
Options trade
commission[b]
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
DriveWealth $0[5] $0.0125 / share; $2.99 minimum[5] Unsupported[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] $2.95[8] $2.95 + $0.50 / contract[8] Free Yes
Interactive Brokers $10,000; $3,000 if account holder is aged 25 or younger; $5,000 for IRAs[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 $25,000[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
Scottrade $2,500[17] $6.95[18] $7.00 + $0.70 / contract[17] Free Yes
Suntrust Banks $0[19] $29.95[19] Unsupported Free Yes
TD Ameritrade $0[20] $6.95[20] $6.95 + $0.75 / contract[20] Free For nonprofessionals[21]
TradeStation $5,000[22] $5.00[23] $5.00 + $0.50 / contract[23] Free[24] Yes
US Bank $0[25] $8.95[25] $8.95 + $1.00 / contract[25] Free Yes
USAA $0[26] $8.95[26] $8.95 + $0.75 / contract[26] Free Yes
The Vanguard Group $0; some mutual funds have minimums[27] $0-$20, depending on account balance[28] $2-$20, depending on account balance + $1.00 / contract[28] $20.00; waived for account holders with electronic statement delivery[29] Yes
WellsTrade by Wells Fargo $1,000[30] $6.95-$8.95[30] $9.95 + $1.00 / contract[30] Free[30] Yes
Zions Direct $0[31] $0.005 / share; $5 minimum[31] $10.95 + $1.50 per contract[31] Free Yes
Brokerage Initial
funding
requirement[a]
Stock trade
commission[b]
Options trade
commission[b]
Annual
account
fee
Real-time
quotes

See also[edit]

Notes[edit]

  1. ^ a b For an individual taxed investment account, without incurring low balance penalties
  2. ^ a b c d 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[edit]