Make the change today.. Or, open a second account!
These are traditional online stock/options brokerages that offer a FOREX trading solution, either within the same account (Questrade), or via a separate account through the same brand name (Zecco). Zecco is the only brokerage in this category that accepts U.S. Residents at this time.
Questrade® is a Canadian owned and operated discount online brokerage. They are currently only accepting Canadians, U.S. citizens that are current residents in Canada, or Chinese citizens that apply in person in Canada. Questrade is quickly growing and receiving numerous accolades for their service, features and great pricing.
Zecco® is a deep discount brokerage that offers trades for a flat rate commission of $4.95 ($6.95 for equities priced under $1). While Zecco did used to offer slightly cheaper trades, and even free trades depending on your balance and activity, the new rate is still quite cheap.
TD Ameritrade® is one of the brokerages you will often see on TV commercials. Their large size and advertising budget enable them to do this. The problem with this type of broker is that additional budget results in higher commissions.
Our review of thinkorswim is in progress and coming soon. Check back soon! TDAmeritrade now owns thinkorswim, and offers it’s impressive platform to its clients. If you wish to learn a little about the thinkorswim trading platform, check out our TDAmeritrade review. Feel free to submit your own review below.
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