Comparison of online brokerages in the United States

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

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
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] $2.95[8] $2.95 + $0.50 / contract[8] Free Yes
Interactive Brokers $0[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[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]

  1. ^ a b c "Ally Invest Legal Disclosures - Ally Invest". www.ally.com. Retrieved May 1, 2018. 
  2. ^ a b c ShareBuilder.com. "Capital One Investing". www.capitaloneinvesting.com. Retrieved May 1, 2018. 
  3. ^ "Capital One Investing". www.capitaloneinvesting.com. Retrieved May 1, 2018. 
  4. ^ a b c Charles Schwab: Fees & Minimums
    Charles Schwab: High Yield Checking
  5. ^ a b c "Fee Schedule for Self-Directed Investing Accounts" (PDF). chase.com. Retrieved June 1, 2018. 
  6. ^ a b c "E*TRADE Fees and Rates - Pricing for Investing & Trading - E*TRADE". us.etrade.com. Retrieved May 1, 2018. 
  7. ^ a b c "Trading Commissions and Margin Rates - Fidelity". www.fidelity.com. Retrieved May 1, 2018. 
  8. ^ a b c Firstrade: Pricing
  9. ^ https://www.interactivebrokers.co.uk/en/index.php?f=4969
  10. ^ a b c "Commissions - Fixed - Interactive Brokers". www.interactivebrokers.com. Retrieved May 1, 2018. 
  11. ^ "Lightspeed: Funding Information". Retrieved May 1, 2018. 
  12. ^ a b "Lightspeed: Commissions". Retrieved May 1, 2018. 
  13. ^ a b c "Low Pricing. Plain and Simple". Merrill Edge. Retrieved May 1, 2018. 
  14. ^ a b c "PNC". PNC. Retrieved May 1, 2018. 
  15. ^ "About Robinhood". Robinhood Help Center. Retrieved May 1, 2018. 
  16. ^ "How We Can Offer Commission-Free Options Trading". Robinhood Help Center. Retrieved May 1, 2018. 
  17. ^ a b "Wealth Management Solutions - SunTrust Wealth Management". SunTrust. Retrieved May 1, 2018. 
  18. ^ a b c "Online Trading Pricing". www.tdameritrade.com. Retrieved May 1, 2018. 
  19. ^ "Trading Tools and Platforms". www.tdameritrade.com. Retrieved May 1, 2018. 
  20. ^ "TradeStation - GetStarted". getstarted.tradestation.com. Retrieved May 1, 2018. 
  21. ^ a b "TradeStation - New Simplified Low-Cost Commission Pricing". Retrieved May 1, 2018. 
  22. ^ "General Account Questions Archives - TradeStation". TradeStation. Retrieved May 1, 2018. 
  23. ^ a b c "US Bank: Schedule of Commissions and Fees" (PDF). Retrieved May 1, 2018. 
  24. ^ a b c "Brokerage Trading Commission Rates - USAA". www.usaa.com. Retrieved May 1, 2018. 
  25. ^ "Vanguard ETF fees & minimums - Vanguard". investor.vanguard.com. Retrieved May 1, 2018. 
  26. ^ a b "Vanguard Brokerage trading fees & commissions - Vanguard". investor.vanguard.com. Retrieved May 1, 2018. 
  27. ^ "Annual account service fees - Vanguard". investor.vanguard.com. Retrieved May 1, 2018. 
  28. ^ a b c d "WellsTrade® Commissions and Fees – Wells Fargo". www.wellsfargo.com. Retrieved May 1, 2018. 
  29. ^ a b c "Zions Direct - Broker Comparison". www.zionsdirect.com. Retrieved May 1, 2018. 
Retrieved from "https://en.wikipedia.org/w/index.php?title=Comparison_of_online_brokerages_in_the_United_States&oldid=856950891"