Stock Broker Trading Commissions Explained

  
     
  By Charles Benedict
  
   
     
  The lower trading commissions have transformed how retail investors trade stocks. If you are looking solely on price, it's quite easy. But if you are looking at the different options pass the price, then the decision isn't so easy.

OptionsHouse made a splash with their less than three dollars stock trade. If there is a cost that's as close to nothing as possible, this is the broker that you should choose.

Zecco came out with free stock trades, but then it changed its rules again and again. These days, you only get 10 free trades if you have more than $25,000 in assets or if you trade 25 times or more a month.

While OptionsXpress is pretty expensive with a high commission rate, they don't have any hidden fees. If you trade less than 35 times a quarter, the commission is $14.95. For high volume traders, it's $12.95.

Wells Trade offers 100 free trades a year for those that have a combined $25,000 assets with them. For those that already have a Wells Fargo account, this isn't a bad option. However, just bare with the less than spectacular trading platform.

The highest rated deep discount stock broker is TradeKing. The commission is $4.95 a trade and continues to be one of the cheapest per trade price out there.

I love Etrade because of their user interface. Even though the stock commission is $9.99 and $12.99 in some cases, it is still at the top of my list of recommended stock brokers.

If you love customer service, you need to check out Scottrade. They've always give out bonuses to their employees and they have the best customer support. Their stock commission is $7 per trade.

TradeMonster is new and worth a look because of their ties to OptionsMonster. The celebrity endorsement of the Najarian Boys is reason enough to take a look.

Charles Schwab, or Schwab for short, loves customers who have more than $300,000 in household investable assets. Less than that and you don't really get the same quality attention.

TD Ameritrade is big and have lots of customers but I've heard many horror stories of website outages when there's stock market panic and everyone is trying to sell. Their stock trades are $9.99.



  
   
  Article Source: http://interpret.zar.vg   
     
  About The Author
Stock trading is great, but who is the right broker to choose? If you are on the fence, check out these TradeKing promotional code because it might help you decide.

  
     
 
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