Published by Blain Reinkensmeyer
Wednesday, September 28th, 2016
When choosing an online broker for cheap stock trading, the cost of placing trades is naturally the most important factor. For this review, we not only looked at the lowest broker commissions for both stocks and options, but we also focused on brokers that were easy to use and had low minimum deposits to get started.
Trading cheaply is fairly straight forward, however investors should be careful when deciding on a final broker. The regular prices paid for stock and option trades are not the only cost factor that matters. Some other points to consider:
Before choosing a broker for cheap trading, make sure to read their full broker review and compare them side by side to determine the best broker for you. Each review includes a complete commissions schedule breakdown so you can exactly what you are paying for before opening an account.
Discover more savings - To see exactly how much money can be saved by switching to one of the brokers featured above use the trade cost calculator tool to calculate potential savings over a 1, 2, or 3 year period.
All pricing data was obtained from a published web site as of 2/16/2016 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.