When clients do not have access to the internet, or are trying to trade a specialty security, a broker assisted trade can be placed via phone to execute the order.
Broker assisted trades are different than Interactive Voice Response (IVR) trades. IVR trades allow clients to simply use their phone to place a trade without human assistance, whereas a broker assisted trade is placed by an actual certified broker live.
As one can imagine, the fee to place a broker assisted trade is almost always going to be higher than placing a regular stock trade via the website or trade platform. Below is a list of all the online brokers and their according fees for this trade type.
Published on Monday, June 27th, 2016 .