Just2Trade wins at $2.95 but there is a lot of choice for under $5. Just remember to ask if there is a fee to hold your Roth or IRA , Plus, is there a minimum number of trades per year needed to have a no-fee account. Last night my bridge partner and I were discussing the price of buying stocks for a Roth IRA.
I use TradeKing, as you know and my partner uses Scotrade. I decided to do a quick search to see which online trading company holds our stocks for the cheapest dollar. I used a Kiplinger site and http://www.stockbrokers.com/reviews/cheaptrades
Best Brokers for Cheap Trading Online 2011
SEARCH › COMPARE › TRADE
When choosing an online discount broker for cheap stock trading online the cost of placing trades is in focus. For this review we looked at the lowest broker commissions for both stocks and options. The top three broker results are below.
- Receive 100 commission free stock trades for opening a new account (Learn More).
- Trade Options up to 5 contracts for $5 ($1 each thereafter) or $8.50 + $.15 per contract.
|
Stock Trades* |
Options Base* |
Options Contract* |
Minimum Deposit |
|
$3.95 |
$8.50 |
$0.15 |
$1,000.00 |
- Rated #1 Online Broker for Customer Service by SmartMoney in 2010**.
- Transfer your broker account to TradeKing and have up to $150 in transfer fees reimbursed (Learn More).
|
Stock Trades* |
Options Base* |
Options Contract* |
Minimum Deposit |
|
$4.95 |
$4.95 |
$0.65 |
$0.00 |
- Stock trades as low as $.00395 per share.
- A leading provider of direct market access trading technology.
|
Stock Trades* |
Options Base* |
Options Contract* |
Minimum Deposit |
|
$4.50 |
$0.00 |
$0.60 |
$1,000.00 |
- Top Rated 4.5 out of 5 Stars in the Barron’s 2010 Review of Online Brokers**
- One of few online brokers offering flat per contract options trades with no base fees.
|
Stock Trades* |
Options Base* |
Options Contract* |
Minimum Deposit |
|
$4.95 |
$0.00 |
$0.95 |
$1,000.00 |
Kiplinger:
Best Online Brokers for 2011
TradeKing (http://www.tradeking.com)
Overall score:
Costs: $4.95 stock commissions
Web site usability:
Investment choices:
Customer service:
Research and tools:
TradeKing is one of the smallest firms we surveyed, with just $1.4 billion in brokerage assets. It offers competitive pricing and great resources for investors interested in getting started with options. TradeKing was also the first broker to incorporate social networking into its services. However, the site’s primary focus isn’t on long-term investors, and it shows.
JANUARY 2011
Best Online Brokers for 2011
Zecco (http://www.zecco.com)
Overall score:
Costs: $4.50 stock commissions
Web site usability:
Investment choices:
Customer service:
Research and tools:
We awarded Zecco top marks for costs, and we particularly like that investors with $25,000 or more in their account get ten free stock trades per month. But beyond free trades, it doesn’t have much to offer. Investment choices are limited, and the company hasn’t invested much in tools or research.
Overall score:
Costs: $2.50 stock commissions
Web site usability:
Investment choices:
Customer service:
Research and tools:
Just2Trade launched in 2007 as a venue for investors to execute cheap trades on a bare-bones platform. Its $2.50 commissions for stocks and funds are the lowest you’ll find among brokers that charge flat commissions. The company is now trying to enhance the value it offers customers by offering Morningstar’s portfolio-analysis tools and fund, stock, and ETF screeners.