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Trade Commissions Breakdown
| Feature | Value | |
| Minimum Deposit | $0.00 | |
| Stock Trades | $0.00 | |
| Stock Trades (Per Share) | $0.00 | |
| ETF Trade Fee | $0.00 | |
| Mutual Fund Trade Fee | $14.95 | |
| Options (Base Fee) | $0.00 | |
| Options (Per Contract) | $0.65 | |
| Options Exercise Fee | $0.00 | |
| Options Assignment Fee | $0.00 | |
| Futures (Per Contract) | $0.85 | |
| Broker Assisted Trades Fee | $30.00 |
Margin Rates
| Feature | Value | |
| Margin Rate Under $24,999.99 | 1.59% | |
| Margin Rate $25,000.00 to $49,999.99 | 1.59% | |
| Margin Rate $50,000.00 to $99,999.99 | 1.59% | |
| Margin Rate $100,000.00 to $249,999.99 | 1.29% | |
| Margin Rate $250,000.00 to $499,999.99 | 1.19% | |
| Margin Rate $500,000.00 to $999,999.99 | 1.14% | |
| Margin Rate Above $1,000,000.00 | 0.75% |
Miscellaneous Fees
| Feature | Value | |
| Bond Trade Fee | $5.00 | |
| Treasury Trade Fee | $5.00 | |
| IRA Annual Fee | $0.00 | |
| IRA Closure Fee | $0.00 | |
| Account Transfer Out (Partial) | $0.00 | |
| Account Transfer Out (Full) | $0.00 | |
| Returned ACH Fee | N/A | |
| Returned Wire 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 | |
| Domestic Wire Fee | $10.00 | |
| International Wire Fee | $10.00 |
Account Features
Offering of Investments
| Feature | Value | Definition |
| Stock Trading | Yes | Offers stock trading. |
| Fractional Shares | Yes | Customers buy and sell fractional shares, e.g. 1/2 a share of Apple (AAPL). |
| OTCBB / Pink Sheets | Yes | Offers OTCBB / Pink Sheet stocks trading. |
| Commission-Free ETFs | 120 | |
| International Trading | Yes | Provides customers the ability to purchase shares of stock that trade on exchanges located outside of the United States. If you live overseas, please use this tool - https://www.stockbrokers.com/guides/best-international-brokers. |
| Direct Market Routing - Stocks | Yes | Ability to route stock orders directly to a specific exchange designated by the client. |
| Options Trading | Yes | Offers options trading. |
| Complex Options Max Legs | 8 | The max number of individual legs supported when trading options (0 - 4). For example, Iron Condor has four total legs. |
| Options Trading (Weekly) | Yes | Offers weekly options. |
| Options Exercising (Web) | Yes | Exercise an option via the website or platform. |
| Options Exercising (Phone) | Yes | Exercise an option via phone. |
| Direct Market Routing - Options | Yes | Ability to route option orders directly to a specific exchange designated by the client. |
| Advisor Services | No | Offers formal investment advisory services. |
| Bonds (Corporate) | Yes | Offers corporate bonds. |
| Bonds (Municipal) | Yes | Offers municipal bonds. |
| Bonds (US Treasury) | Yes | Offers US treasury bonds. |
| CDs | Yes | Offers certificates of deposit (CDs). |
| DRIPs | Yes | Offers dividend reinvestment plans (DRIPs). |
| Mutual Funds | Yes | Offers mutual funds trading. |
| Mutual Funds (No Load) | 8734 | Total number of No Load mutual funds offered. |
| Mutual Funds (NTF) | 4520 | Total number of No Transaction Fee (NTF) mutual funds offered. |
| Mutual Funds (Total) | 11080 | Total number of mutual funds offered. |
| Mutual Funds Phone Trades | Yes | Can place mutual fund trades via phone. |
| Mutual Funds Web Trades | Yes | Can place mutual fund trades via the website or platform. |
| Crypto Trading | No | |
| Futures Trading | Yes | Offers futures trading. |
| Forex Trading | No | Offers forex trading. |
| No Fee IRAs | Yes | Offers no fee IRAs. Requirement: no annual maintenance fee. |
| No Inactivity Fees | Yes | Charges no yearly inactivity fee for not placing a trade or not actively engaging in the account. |
| Member FINRA | Yes | Member of FINRA (Financial Industry Regulatory Authority) - finra.org. |
| Member SIPC | Yes | Member of SIPC (Securities Investor Protection Corporation) - sipc.org. |
| Clearing Firm | Self-clearing | The broker's clearing firm. |
Customer Service
| Feature | Value | Definition |
| Phone Support (Prospect Customers) | Yes | Offers phone support for prospective customers. |
| Phone Support (Current Customers) | Yes | Offers phone support for current customers (includes click to call back). |
| Email Support | Yes | Email support for clients. |
| Live Chat (Current Customers) | Yes | Live chat support for current customers. |
| Live Chat (Prospect Customers) | No | Live chat support for prospective customers. |
| 24/7 Support | No | Is customer service offered 24 hours, 7 days a week? |
Platforms & Tools
| Feature | Value | Definition |
| Desktop Platform (Windows) | Yes | A downloadable, windows based desktop trading platform. |
| Desktop Platform (Mac) | Yes | A downloadable, Mac based desktop trading platform. |
| Web Platform | Yes | Offers a web (browser) based trading platform. |
| Active Trading Platform | Trader Workstation (TWS) | The flagship trading platform. |
| Charting - Corporate Events | Yes | Can show or hide multiple corporate events on a stock chart. Examples: dividends, earnings, splits, news. |
| Charting - Historical Trades | Yes | The ability to see past buy and sells, typically marked with a buy or sell symbol, on the stock chart. |
| Charting - Indicators / Studies | 121 | The total number of indicators / studies available to be included on a stock chart. Examples: SMA, MACD, RSI. |
| Charting - Drawing Tools | 9 | The number of drawing tools available for analyzing a stock chart. Examples include: pointer, trendline, arrow, note. |
| Charting - Automated Analysis | No | Can show or hide automated technical analysis (patterns) on a chart. Service provider example: Trading Central (Recognia). |
| Charting - Trade Off Chart | Yes | The ability to pre-populate or execute a trade from the chart. Most commonly this is done by right clicking on the chart and selecting an order. Linking the user from the chart to an empty (non pre-populated) order form does NOT count. |
| Charting - Notes | Yes | Add notes to any stock chart. |
| Heat Mapping | Yes | Colored heat map view of a watch list, portfolio, or market index. Heat maps are a visual tool used to view gainers and losers. |
| Ladder Trading | Yes | A ladder tool provides active trading clients the ability to one click buy and sell equities off a real-time streaming window of fanned bids and asks. |
| Level 2 Quotes - Stocks | Yes | Level II stock quotes available. |
| Level 2 Quotes - Options | Yes | Level II options quotes available. |
| Option Chains - Streaming | Yes | Option chains with streaming real-time data. |
| Option Chains - Total Columns | 37 | Option chains total available columns for display. Duplicates do not count. |
| Option Chains - Greeks | 4 | When viewing an option chain, the total number of greeks that are available to be viewed as optional columns. Greeks = delta, gamma, theta, vega, rho. |
| Option Chains - Quick Analysis | Yes | The ability to jump straight from the option chain to a P&L chart or probability chart for deeper analysis. Viewing a summary P&L within the chain itself also qualifies. |
| Option Analysis - P&L Charts | Yes | When analyzing a theoretical option trade, a P&L chart is available. |
| Option Probability Analysis | Yes | A basic probability calculator. |
| Option Probability Analysis Adv | Yes | A tool to analyze a hypothetical option position. Displays a probability histogram / chart with optional customizations. |
| Option Positions - Greeks | Yes | View at least two different greeks for a currently open option position. |
| Option Positions - Greeks Streaming | Yes | View at least two different greeks for a currently open option position and have their values stream with real-time data. |
| Option Positions - Adv Analysis | Yes | Ability to analyze an active option position and change at least two of the three following conditions - date, stock price, volatility - and assess what happens to the value of the position. |
| Option Positions - Rolling | Yes | Ability to pre-populate a trade ticket and seamlessly roll an option position to the next relative expiration. |
| Option Positions - Grouping | Yes | Ability to group current option positions by the underlying strategy: covered call, vertical, etc. Can be done manually by user or automatically by the platform. |
| Short Locator | Yes | Tool that allows customers to view the current real-time availability of shares available to short by security. |
| Stock Alerts Delivery - Email | Yes | Stock alert optional delivery method: email. |
| Stock Alerts Delivery - Sound | Yes | Stock alert optional delivery method: sound. |
| Streaming Time & Sales | Yes | Streaming time & sales for any equity viewable. |
| Streaming TV | Yes | Offers live TV. Examples - CNBC, Bloomberg. |
| Trade Hot Keys | Yes | Ability to designate keyboard hotkeys for on the fly trading. |
| Trade Journal | Yes | Provides a trade journal for writing notes. All entries are dated, titled, and may be tagged with a specific stock ticker. Adding text notes to individual stock charts does NOT count. |
| Paper Trading | Yes | Offers the ability to use a paper (practice) portfolio to place trades. |
| AI Assistant Bot | Yes | Offers a chat bot assistant for pulling quotes or placing trades. |
| Watch Lists - Streaming | Yes | Site or platform (only one needed) watch lists stream real-time quote data. |
| Watch Lists - Total Fields | 494 | Total available fields when viewing a watch list. Examples: price, symbol, bid, ask, volume. |
Research
| Feature | Value | Definition |
| Research - Stocks | Yes | Offers stock research. Full quote and research results must be available for 4 of the 5 following tickers: Facebook, Apple, Amazon, Netflix, Google. |
| Research - ETFs | Yes | Offers ETFs research. Full quote and research results must be available for 4 of the 5 following tickers: SPY, GLD, OIH, QID, FAZ. |
| Research - Mutual Funds | Yes | Offers mutual funds research. Full quote and research results must be available for all three of the following tickers: VTSAX, FXAIX, SWPPX. |
| Research - Pink Sheets / OTCBB | Yes | Offers pink sheet / OTCBB research. Full quote and research results must be available for 2 of the 3 following tickers: FNMA, IMBBY, NENE. |
| Research - Fixed Income | Yes | Offers fixed income research. Full quote and research results must be available for fixed income securities such as individual US Treasuries. |
| Misc - Global Markets Overview | Yes | A featured quote summary of worldwide indices. Interactive chart optional. Must be via website or platform, mobile excluded as separate category. |
| Misc - Portfolio Allocation | Yes | Displays a pie graph or bullet list breakdown of the client's current portfolio including % allocations. Examples: domestic equities, foreign equities, bonds, cash, fixed income. |
| Misc - Portfolio Builder | Yes | A tool that asks hypothetical risk tolerance questions then assists clients with building a diversified portfolio of ETFs based on their answers. |
| Stock Research - Earnings | Yes | View analysis of past earnings. At least one chart / graph required. Examples: Consensus vs actual data, EPS growth, sales growth. |
| Stock Research - Insiders | Yes | View a list of recent insider transactions. |
| Stock Research - Metric Comp | Yes | View a multi-column table comparing fundamental and/or technical data of at least two stocks side by side. Note - Stocks included must be customizable, ie AAPL, BABA, DIS. |
| Stock Research - SEC Filings | Yes | View a list of recent SEC filings. |
| Stock Research - Social | Yes | View social sentiment analysis, eg twitter analysis (NOT just a stream of recent tweets), for individual equities. |
| Stock Research - ESG | Yes | Provides Environmental, Social, Governance (ESG) criteria scores. |
| Stock Research - Reports | 3 | Total number of downloadable PDF research report providers available for equities research (using symbol AAPL). Examples: S&P Capital IQ, Thomson Reuters, Ned Davis Research. |
| ETFs - Performance Analysis | Yes | The ability to view historical performance. |
| ETFs - Top 10 Holdings | Yes | A list of the ETF's top 10 holdings. |
| ETFs - Morningstar StyleMap | Yes | The infamous Morningstar Equity StyleMap (or equiv provider) which visually marks the ETF's investment strategy in one of nine boxes. |
| ETFs - Ratings | Yes | Are third party ratings available for the ETF SPY? Examples: Morningstar, Lippers. |
| ETFs - Reports | Yes | Are downloadable research reports available for the ETF SPY? Examples: Morningstar, S&P Capital IQ. |
| Mutual Funds - Fees Breakdown | Yes | A clear breakdown of the fund's fees beyond just the expense ratio. 12b-1, minimum investment, total fees estimate, all examples of a detailed breakdown. |
| Mutual Funds - Top 10 Holdings | Yes | A list of the fund's top 10 holdings. |
| Mutual Funds - Performance Analysis | Yes | The ability to view multi-year historical performance. |
| Mutual Funds - Prospectus | Yes | Access to the fund's prospectus in PDF format. |
| Mutual Funds - 3rd Party Ratings | Yes | Are 3rd party ratings available for the fund VTSMX? Examples: Morningstar, Lippers. |
| Mutual Funds - Reports | Yes | Are downloadable research reports available for the fund VTSMX? Examples: Morningstar, S&P Capital IQ. |
| Screener - Stocks | Yes | Offers a equities screener. |
| Screener - ETFs | Yes | Offers a ETF screener. |
| Screener - Mutual Funds | Yes | Offers a mutual fund screener. |
| Screener - Options | Yes | Offers a options screener. Commonly referred to as a spread creation tool or similar. |
| Screener - Bonds | Yes | Offers a bond screener. **Note - ETF bond screeners do NOT count. |
Education
| Feature | Value | Definition |
| Education (Stocks) | Yes | Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being stocks. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count. |
| Education (ETFs) | Yes | Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being ETFs. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count. |
| Education (Options) | Yes | Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being options. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count. |
| Education (Mutual Funds) | No | Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being mutual funds. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count. |
| Education (Fixed Income) | Yes | Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being fixed income. All content must be easily found within the website's Learning Center. Platform tutorials, FAQs, etc do NOT count. |
| Education (Retirement) | No | Provides a minimum of 10 educational pieces (articles, videos, archived webinars, or similar) with the primary subject being retirement. Platform tutorials, FAQs, etc do NOT count. |
| Investor Dictionary | Yes | An online dictionary of at least 50 investing terms. |
| Webinars (Monthly Avg) | 20 | Total educational client webinars hosted, on average, each month. |
| Webinars (Archived) | Yes | Provides an archived area to search and watch previously recorded client webinars. |
| Live Seminars | No | Provides at least 10 live, face-to-face educational seminars for clients each year. Must be delivered by a broker staff member. |
| Videos | Yes | Are educational videos available? At least 10. A video is a short clip, typically several minutes in duration, that explains a trading concept, term, or strategy. Archived webinars and platform demos do NOT count. |
| Retirement Calculator | No | Offers a retirement calculator. |
| Progress Tracking | Yes | Clients can track their progress and see which articles and/or videos they've completed to date. |
| Interactive Learning - Quizzes | Yes | Quizzes offered within the education center. Must include multiple questions and score results. Example service provider - Morningstar, InvestingTeacher.com |
Mobile Trading
| Feature | Value | Definition |
| iPhone App | Yes | Offers a downloadable iPhone app through the iOS app store. |
| Apple Watch App | Yes | Offers a downloadable Apple Watch app through the iOS app store. |
| Android App | Yes | An Android smartphone app available in the Google Play store. |
| Touch / Face ID | Yes | Offers optional Touch ID security (fingerprint verification) for iOS mobile app. Account login most common integration. |
| Account Transfers | Yes | Ability to perform ACH deposits and withdrawals from the mobile App. |
| Quotes (Real-time) | Yes | Mobile app offers real-time quote data. |
| Quotes (Streaming) | Yes | Mobile app offers streaming (or auto refreshing) real-time stock quote results. More specifically, the quote screen must auto-refresh at least once every three seconds. |
| Watch List (Real-time) | Yes | Watch list in mobile app uses real-time quotes. |
| Watch List (Streaming) | Yes | Watch list in mobile app uses streaming real-time quotes. More specifically, the watch-list must auto-refresh at least once every three seconds. |
| Watch List Syncing | Yes | Watch list in mobile app syncs with client's online account. Updates made in the mobile app migrate to the online account and vice versa. |
| Market Movers (Top Gainers) | Yes | Stocks top gainers list viewable in the mobile app. |
| Custom Screening / Scanning | Yes | Mobile app supports custom screening for stocks, ETFs, mutual funds, and/or options. Must be customizable filters, not just predefined searches. |
| Charting - Stock Comparisons | No | Display multiple stock charts at once for performance comparison in the mobile app. |
| Charting - Drawing | No | Can markup stock charts using the mobile app. Examples include: trendlines, arrows, notes. |
| Charting - Technical Studies | 70 | How many technical studies / indicators are available to add to a stock chart in the mobile app. |
| Charting - After Hours | Yes | Stock charts in mobile app display after hours trade activity. |
| Stock Alerts | Yes | Set basic stocks alerts in the mobile app. Examples: price alerts, volume alerts. |
| Stock Alerts Delivery - Push Notifications | No | Optional smartphone push notifications for stock alerts in the mobile app. |
| Stream Live TV | Yes | Stream live TV in the mobile app. Examples - CNBC, Bloomberg. |
| Trading - Stocks | Yes | Stocks trades supported in the mobile app. |
| Trading - After-Hours | Yes | After-hours trading supported in the mobile app. |
| Trading - Conditional Orders | Yes | Conditional orders (Contingent, OTO, OCO, OTOCO, etc) supported in the mobile app. |
| Trading - Mutual Funds | Yes | Mutual fund trades supported in the mobile app. |
| Trading - Simple Options | Yes | Single-leg option trades supported in the mobile app. |
| Trading - Complex Options | Yes | Multi-legged option trades supported in the mobile app. |
| Trading - Option Rolling | No | Ability to pre-populate a trade ticket and seamlessly roll an option position to the next relative expiration in the mobile app. |
Banking
| Feature | Value | Definition |
| Member FDIC | Yes | Member of the FDIC (Federal Deposit Insurance Corporation) - fdic.gov. |
| Checking Accounts | Yes | Offers formal checking accounts and checking services. To qualify, checking services must be marketed on the website as a client service. Basic checking through the clearing firm does not count. |
| Savings Accounts | No | Offers savings accounts. |
| Debit Cards | Yes | Offers debit cards as part of a formal banking service. |
| Credit Cards | No | Offers credit cards. |
| Mortgage Loans | No | Offers mortgage loans. |
| Mobile Check Deposit | Yes | Check deposits can be made through the mobile app. |
| Online Bill Pay | Yes | Ability for clients to add and pay bills using the website. |
| Mobile Bill Pay | Yes | Ability for clients to add and pay bills using the mobile app. |
| ATM Fee Reimbursement | No | Are debit card ATM fees reimbursed? |
| No Fee Banking | Yes | Offers no fee banking. Requirements: no minimum balance required, no monthly maintenance fees, no debit card fees, no annual fees. |
| Retail Locations | 0 | Total retail locations. Company HQ or similar corporate offices do not count. Must be a formally branded, publicly accessible branch office marketed on the public website. |
