Comparison of online brokerages in the United States

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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 $0 Unsupported[17] Free Yes Yes
Scottrade $2,500[18] $7.00[19] $7.00[19] $7.00 + $1.25 / contract[19] Free Yes Yes
SogoTrade $0[20] $5.00[21] $5.00[21] $5.00 + $0.50 / contract[21] Free Yes Yes
TD Ameritrade $0[22] $9.99[23] $9.99[23] $9.99 + $0.75 / contract[23] Free Yes Yes
thinkorswim $0[24] $9.99[25] $9.99[25] $9.99 + $0.75 / contract[25] Free Yes Yes
TradeKing $0[26] $4.95[27] $4.95[27] $4.95 + $0.65 / contract[27] Free Yes Yes
TradeStation $5,000[28] $9.99[29] $9.99[29] $9.99 + $0.70 / contract[30] $1,199.40[31] Yes Yes
USAA $0[32] $8.95[32] $8.95[32] $8.95 + $0.75 / contract[32] Free Yes Yes
Vanguard $3,000[33] $20.00[33] $20.00[33] $20.00 + $1.00 / contract[33] $20.00[33] Yes[34] Yes
Wells Fargo $1,000[35] $8.95[36] $8.95[36] $9.95 + $1.00 / contract[36] Free[37] Yes Yes
Zions Direct $50,000[38] $9.95[38] $9.95[38] $10.95 + $1.50 / contract[38] 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. 1.0 1.1 For an individual taxed investment account, without incurring low balance penalties
  2. 2.0 2.1 2.2 2.3 2.4 2.5 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. 2014-07-01. Retrieved 2014-10-05.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  2. 2.0 2.1 2.2 "Pricing & Rates". CapitalOneInvesting.com. Capital One. Retrieved 2015-07-30.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  3. "Real-Time Quotes". ShareBuilder.com. Capital One. Retrieved 2014-10-17.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  4. 4.0 4.1 4.2 4.3 "Fees and Minimums". Schwab.com. Charles Schwab & Co. Retrieved 2013-12-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  5. "View All E*TRADE Accounts - Open an Account". ETrade.com. E*TRADE Financial Corporation. Retrieved 2013-06-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  6. 6.0 6.1 6.2 "Pricing & Rates for Investing & Trading". ETrade.com. E*TRADE Financial Corporation. Retrieved 2013-12-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  7. "Open an Account". Fidelity.com. FMR. Retrieved 2013-06-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  8. 8.0 8.1 8.2 "Brokerage Commission and Fee Schedule" (PDF). Fidelity.com. FMR. Retrieved 2013-12-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  9. "Online Brokerage Comparisons". Firstrade.com. Firstrade Securities. Retrieved 2013-12-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  10. 10.0 10.1 10.2 "Pricing". Firstrade.com. Firstrade Securities. Retrieved 2013-12-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  11. 11.0 11.1 "Required Minimums". InteractiveBrokers.com. Interactive Brokers Group. Retrieved 2013-12-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  12. 12.0 12.1 "Stocks, ETFs and Warrants / Flat Rate". InteractiveBrokers.com. Interactive Brokers Group. Retrieved 2013-12-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  13. "Options / Overview". InteractiveBrokers.com. Interactive Brokers Group. Retrieved 2013-12-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  14. 14.0 14.1 14.2 14.3 "Commission". Lightspeed.com. Lightspeed Financial. Retrieved 2013-05-29.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  15. 15.0 15.1 15.2 15.3 "Trading Commissions & Fees". MerrillEdge.com. Bank of America Corporation. Retrieved 2013-05-27.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  16. 16.0 16.1 16.2 16.3 "Pricing & Commissions". OptionsXpress.com. The Charles Schwab Corporation. Retrieved 2015-09-04.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  17. "What Assets and Securities are Available on Robinhood?". RobinhoodApp.Zendesk.com. Robinhood. 2015-02-18. Retrieved 2015-03-29.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  18. "At Scottrade, Real Value is More than $7 Trades, Compare Brokers and See for Yourself". Scottrade.com. Scottrade. Retrieved 2015-09-03.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  19. 19.0 19.1 19.2 "Lower Trading Fees - Offering Simplicity & Ease". Scottrade.com. Scottrade. Retrieved 2013-05-27.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  20. "Compare Our Pricing". SogoTrade.com. Wang Investments. Retrieved 2013-06-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  21. 21.0 21.1 21.2 "Commissions, Rates, and Fees". SogoTrade.com. Wang Investments. Retrieved 2015-09-04.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  22. "Why TD Ameritrade?". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved 2013-06-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  23. 23.0 23.1 23.2 "Pricing". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved 2013-05-27.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  24. "Choice and Flexibility That Comes Standard". TDAmeritrade.com. TD Ameritrade IP Company. Retrieved 2013-12-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  25. 25.0 25.1 25.2 "Rates and Commissions". ThinkOrSwim.com. TD Ameritrade IP Company. 2011-06-01. Retrieved 2013-12-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  26. "Other Fees". TradeKing.com. TradeKing Group. Retrieved 2013-05-28.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  27. 27.0 27.1 27.2 "Compare Our Trading Price". TradeKing.com. TradeKing Group. Retrieved 2013-08-25.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  28. "Stock & ETF Account and Margin Requirements". TradeStation.com. TradeStation Group. Retrieved 2013-06-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  29. 29.0 29.1 "Stocks & ETF Pricing". TradeStation.com. TradeStation Group. Retrieved 2015-09-10.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  30. "Options Pricing". TradeStation.com. TradeStation Group. Retrieved 2015-09-10.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  31. "Service Fees & Interest Rates". TradeStation.com. TradeStation Group. Retrieved 2013-06-01.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  32. 32.0 32.1 32.2 32.3 "Commissions, Fees & Rates". USAA.com. USAA Investment Management Company. Retrieved 2015-09-03.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  33. 33.0 33.1 33.2 33.3 33.4 "Vanguard Brokerage Services Commission and Fee Schedules". Personal.Vanguard.com. The Vanguard Group. January 2015. Retrieved 2015-09-11.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  34. "Brokerage FAQs – Getting Started". Personal.Vanguard.com. The Vanguard Group. Retrieved 2015-01-21.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  35. "Getting Started". Apply.WellsFargo.com. Wells Fargo Advisors. Retrieved 2013-06-02.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  36. 36.0 36.1 36.2 "WellsTrade Account Commissions". WellsFargo.com. Wells Fargo Advisors. 2013-04-01. Retrieved 2013-05-28.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  37. "WellsTrade Fees". WellsFargo.com. Wells Fargo Advisors. 2013-03-01. Retrieved 2013-06-01.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  38. 38.0 38.1 38.2 38.3 "Fees & Commissions". ZionsDirect.com. Zions Direct. 2015-08-05. Retrieved 2015-10-14.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>

External links