Comments on: Broker Commission Fee Schedule Comparison

By: Hawkmoon Nine

Hawkmoon Nine — Sat, 26 Aug 2006 03:34:18 +0000

Scottrade has $7 trades, $500 min to open an account and no maint fees. No online deposits (you have to send a check in or wire money to your account).

Banc of America has $14 trades ($10 if you have a BofA checking account and $7 if you are an Advantage customer). Plus they have dividend reinvestment with no fees. There are other fees sometimes, but most can be waived by meeting conditions. They are new to the discount brokerage game.

I don’t know if Etrade still has their $25 quarterly maint fee that I left them for (3 plus years ago).

By: Larry Kasoff

Larry Kasoff — Fri, 25 Aug 2006 03:03:50 +0000

I would add: TradeKing and SogoInvest. They both have ultra low commissions ($4.95/TradeKing and $3.00 at SogoInvest with $1.00 trades for the first 90 days), yet are not designed around the active trader like MB Trading.

By: Easy E

Easy E — Fri, 25 Aug 2006 00:31:38 +0000

Firstrade.com It’s good, and cheap. $6.95 trades and free mutual fund investing

By: Bob

Bob — Thu, 24 Aug 2006 22:05:23 +0000

I currently use MBTrading.com and am happy with it.They charge 0.01 per share upto 500 shares so that’s $1 for 100 shares and $5 for 500 shares.Just make sure not to ask for level II quotes or Option chain otherwise you could get hit with a fee.

The minimum amount required is $2000.They have a desktop software that you need to download and install but the orders execute pretty fast.There service personel and support are also quite good and I get patched through to someone if i have any questions.

Only drawback is they don’t participate in Yodlee so you can’t integrate them into your one stop view of all your financial data.

By: Thatedeguy

Thatedeguy — Thu, 24 Aug 2006 21:51:32 +0000

Another that deserves mention is buyandhold.com. It’s along the same path as sharebuilder, but you pay a monthly fee and get two free trades a month. It also seems to have a little better selection.