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[17] $0[17] Unsupported[18] Free Yes Yes
Scottrade $2,500[19] $7.00[20] $7.00[20] $7.00 + $1.25 / contract[20] Free Yes Yes
SogoTrade $0[21] $5.00[22] $5.00[22] $5.00 + $0.50 / contract[22] Free Yes Yes
TD Ameritrade $0[23] $9.99[24] $9.99[24] $9.99 + $0.75 / contract[24] Free Yes Yes
thinkorswim $0[25] $9.99[26] $9.99[26] $9.99 + $0.75 / contract[26] Free Yes Yes
TradeKing $0[27] $4.95[28] $4.95[28] $4.95 + $0.65 / contract[28] Free Yes Yes
TradeStation $5,000[29] $9.99[30] $9.99[30] $9.99 + $0.70 / contract[31] $1,199.40[32] Yes Yes
USAA $0[33] $8.95[33] $8.95[33] $8.95 + $0.75 / contract[33] Free Yes Yes
Vanguard $3,000[34] $20.00[34] $20.00[34] $20.00 + $1.00 / contract[34] $20.00[34] Yes[35] Yes
WellsTrade $1,000[36] $8.95[37] $8.95[37] $9.95 + $1.00 / contract[37] Free[38] Yes Yes
Zions Direct $50,000[39] $9.95[39] $9.95[39] $10.95 + $1.50 / contract[39] 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. July 1, 2014. Retrieved October 5, 2014.
  2. 1 2 3 "Pricing & Rates". CapitalOneInvesting.com. Capital One. Retrieved July 30, 2015.
  3. ↑ "Real-Time Quotes". ShareBuilder.com. Capital One. Retrieved October 17, 2014.
  4. 1 2 3 4 "Fees and Minimums". Schwab.com. Charles Schwab & Co. Retrieved December 2, 2013.
  5. ↑ "View All E*TRADE Accounts - Open an Account". ETrade.com. E*TRADE Financial Corporation. Retrieved June 2, 2013.
  6. 1 2 3 "Pricing & Rates for Investing & Trading". ETrade.com. E*TRADE Financial Corporation. Retrieved December 2, 2013.
  7. ↑ "Open an Account". Fidelity.com. FMR. Retrieved June 2, 2013.
  8. 1 2 3 "Brokerage Commission and Fee Schedule" (PDF). Fidelity.com. FMR. Retrieved December 2, 2013.
  9. ↑ "Online Brokerage Comparisons". Firstrade.com. Firstrade Securities. Retrieved December 2, 2013.
  10. 1 2 3 "Pricing". Firstrade.com. Firstrade Securities. Retrieved December 2, 2013.
  11. 1 2 "Required Minimums". InteractiveBrokers.com. Interactive Brokers Group. Retrieved December 2, 2013.
  12. 1 2 "Stocks, ETFs and Warrants / Flat Rate". InteractiveBrokers.com. Interactive Brokers Group. Retrieved December 2, 2013.
  13. ↑ "Options / Overview". InteractiveBrokers.com. Interactive Brokers Group. Retrieved December 2, 2013.
  14. 1 2 3 4 "Commission". Lightspeed.com. Lightspeed Financial. Retrieved May 29, 2013.
  15. 1 2 3 4 "Trading Commissions & Fees". MerrillEdge.com. Bank of America Corporation. Retrieved May 27, 2013.
  16. 1 2 3 4 "Pricing & Commissions". OptionsXpress.com. The Charles Schwab Corporation. Retrieved April 9, 2015.
  17. 1 2 "About Robinhood". Support.Robinhood.com. Robinhood Markets. July 5, 2016. Retrieved July 21, 2016.
  18. ↑ "What Assets and Securities are Available on Robinhood?". RobinhoodApp.Zendesk.com. Robinhood. February 18, 2015. Retrieved March 29, 2015.
  19. ↑ "At Scottrade, Real Value is More than $7 Trades, Compare Brokers and See for Yourself". Scottrade.com. Scottrade. Retrieved September 3, 2015.
  20. 1 2 3 "Lower Trading Fees - Offering Simplicity & Ease". Scottrade.com. Scottrade. Retrieved May 27, 2013.
  21. ↑ "Compare Our Pricing". SogoTrade.com. Wang Investments. Retrieved June 2, 2013.
  22. 1 2 3 "Commissions, Rates, and Fees". SogoTrade.com. Wang Investments. Retrieved April 9, 2015.
  23. ↑ "Why TD Ameritrade?". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved June 2, 2013.
  24. 1 2 3 "Pricing". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved May 27, 2013.
  25. ↑ "Choice and Flexibility That Comes Standard". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved December 2, 2013.
  26. 1 2 3 "Rates and Commissions". ThinkOrSwim.com. TD Ameritrade IP Company. June 1, 2011. Retrieved December 2, 2013.
  27. ↑ "Other Fees". TradeKing.com. TradeKing Group. Retrieved May 28, 2013.
  28. 1 2 3 "Compare Our Trading Price". TradeKing.com. TradeKing Group. Retrieved August 25, 2013.
  29. ↑ "Stock & ETF Account and Margin Requirements". TradeStation.com. TradeStation Group. Retrieved June 2, 2013.
  30. 1 2 "Stocks & ETF Pricing". TradeStation.com. TradeStation Group. Retrieved September 10, 2015.
  31. ↑ "Options Pricing". TradeStation.com. TradeStation Group. Retrieved September 10, 2015.
  32. ↑ "Service Fees & Interest Rates". TradeStation.com. TradeStation Group. Retrieved June 1, 2013.
  33. 1 2 3 4 "Commissions, Fees & Rates". USAA.com. USAA Investment Management Company. Retrieved September 3, 2015.
  34. 1 2 3 4 5 "Vanguard Brokerage Services Commission and Fee Schedules". Personal.Vanguard.com. The Vanguard Group. January 2015. Retrieved September 11, 2015.
  35. ↑ "Brokerage FAQs – Getting Started". Personal.Vanguard.com. The Vanguard Group. Retrieved January 21, 2015.
  36. ↑ "Getting Started". Apply.WellsFargo.com. Wells Fargo Advisors. Retrieved June 2, 2013.
  37. 1 2 3 "WellsTrade Account Commissions". WellsFargo.com. Wells Fargo Advisors. April 1, 2013. Retrieved May 28, 2013.
  38. ↑ "WellsTrade Fees". WellsFargo.com. Wells Fargo Advisors. March 1, 2013. Retrieved June 1, 2013.
  39. 1 2 3 4 "Fees & Commissions". ZionsDirect.com. Zions Direct. August 5, 2015. Retrieved October 14, 2015.
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