Muriel Siebert - New Account Offer
Muriel Siebert Review
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Likes
An extensive trade type offering including a vast selection of fixed income investments.
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Dislikes
The most expensive broker we have ever reviewed; hard to remember website address.
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Bottom Line
With so many discount brokers that provide more for clients than Muriel Siebert, we do not recommend this broker.
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Ideal Client
We do not recommend this broker.
Our Muriel Siebert review provides trade platform screenshots, detailed commissions information, and online broker ratings.
Compare Muriel Siebert to Key Competitors
Trade Commissions Breakdown
| $14.95 | Flat-Fee Trade Plan* |
|---|---|
| N/A | Per-Share Trade Plan |
| $30.60 | Options Base Trade Fee* |
| $2.00 | Options Contract* |
| N/A | Options Exercise Fee |
| N/A | Options Assignment Fee |
| $35.00 | Mutual Fund Trade Fee |
| $35.00 | Broker Assisted Trade Fee |
| $0.00 | Minimum Deposit |
Miscellaneous Fees
| N/A | Bond Trade Fee |
|---|---|
| N/A | Treasury Trade Fee |
| N/A | Certificate of Deposit (CD) Trade Fee |
| N/A | Interactive Voice Response (IVR) Phone Trade Fee |
| N/A | IRA Annual Fee |
| N/A | IRA Closure Fee |
| N/A | Forced-Margin Sellout Fee |
| N/A | Returned ACH Fee |
| N/A | Returned Wire Transfer Fee |
| N/A | Stock Certificate Processing Fee |
| N/A | Stock Certificate Delivery Fee |
| N/A | Paper Statement Fee |
| N/A | Paper Confirmation Fee |
| N/A | Outgoing Domestic Wire Transfer Fee |
| N/A | Outgoing International Wire Transfer Fee |
Commission Notes
Muriel Siebert commissions structure details below.Stock Trades - $14.95 per trade when trading less than 1,000 shares. If trading more than 1,000 shares it is $14.95 + $.015 per share.
Options Trades - Options cost $1 - $2 per contract depending on the size of the trade and price of the option. Each trade is subject to a $34 minimum charge ($30.60 when placed online).
Mutual Funds - Several thousand mutual funds are supported with over 1,700 being no load funds. Charge is $35 per trade.
International Trading - International Trading not currently offered.
Retirement Accounts - Muriel Siebert charges $30 per year for IRAs which waived for accounts with over $10,000 in assets. A $50 fee is charged to close.
Other Investments - Muriel Siebert does not support futures and forex.
Muriel Siebert was reviewed by Blain Reinkensmeyer on 2013-02-19.
Misc. Account Information
| Clearing Firm | |
|---|---|
| N/A | No. of Commission-Free ETFs |
| N/A | No. of Retail Locations |
| N/A | No. of Mutual Funds (w/ Load) |
| N/A | No. of Mutual Funds (No Load) |
| N/A | No. of 3rd Party Research Report Providers |
| N/A | Max. No. of Legs (Complex Options) |
Account Features
| Virtual Trading | |
|---|---|
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No Minimum Deposit |
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No Maintenance Fees |
| No-Fee IRAs | |
| Online Trader Community | |
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Investment Education |
| Live Seminars |
Mobile Trading
| iPhone App | |
|---|---|
| iPad App | |
| BlackBerry App | |
| Android App | |
| Mobile Site |
Customer Service
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Phone Support |
|---|---|
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Email Support |
| Live Chat Support | |
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Retail Locations |
| 24/7 Customer Support |
Trade Types
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Stock Trading |
|---|---|
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Options Trading |
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Mutual Funds |
| FOREX Trading | |
| Futures Trading |
Recommended For
| Discounted Trading | |
|---|---|
| Long Term Trading | |
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Options Trading |
| Active Trading | |
| International Trading |
Banking Features
| Checking Accounts | |
|---|---|
| Savings Accounts | |
| Credit Card Accounts | |
| Debit Card Accounts | |
| Mortgage Loans |
Trading Platform Features
| Web Browser Platform | |
|---|---|
| Windows Desktop Platform | |
| Mac Desktop Platform | |
| Platform Backtesting |
Active Trading Features
| Direct routing offered to clients | |
|---|---|
| Broker receives payments for order flow | |
| Broker internalizes trades | |
| Clients receive rebates for adding liquidity |
