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These brokers have quite simply the lowest commissions, with an average commission of around $5. Our top choices in this category are OptionsHouse, for it’s super low rate of $2.95 (for stocks $2+ or with options available), and ChoiceTrade for their true flat rate commission (unlimited shares, no pricing restrictions) of $5, with even cheaper rates for direct access.
OptionsHouse® is an online brokerage that stands out from the rest by having an incredible $3.95 stock commission, as well as very low options commissions of up to 5 contracts for $5, or $8.50 + $0.15/contract! This is essentially the most inexpensive online brokerage out there at this time for most traders.
TradeKing® is a highly rated online broker that has won several awards from various investing publishers for both its trading tools and customer service. They offer a super low stock commission of $4.95 (Note: this applies to stocks over $1).
Scottrade® is a well established discount brokerage with a history going back 30 years now. This fact may not be obvious because of the relatively recent advertising you may have noticed for Scottrade. In fact, the company was started in 1980 and started offering online trading in 1996.
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.
ChoiceTrade® is a super discount stock broker that offers a flat trade commission of only $5 for up to 500,000 shares.* There are no pricing restrictions or hidden fees, and no minimum per trade! This makes ChoiceTrade a very attractive and affordable option. In addition they are one of the few online brokers to offer a Direct [...]
SogoTrade® is a deep discount online brokerage with a very low stock commission of $3 for stocks over $1/share. Options are also fairly cheap at $5 + 65 cents per contract. While the low commissions are attractive, you don’t get a whole lot in terms of features and available investment securities.
Our review of MB Trading is in progress and coming soon. Check back soon! Feel free to submit your own review below.
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