Top 10 brokerage firms: compare and review best discount online investment companies in 2014

Stock market goes up, or goes down - it's not easy to make money investing in or trading stocks. Even when one manages to get a profit, it is often significantly reduced by the trading costs (commissions, fees, margin interest and subscription to market data).

For this reason, it is important to find online brokerage firm that offers the lowest fees but is still very reliable and provides excellent customer service. We compared the best discount stock brokerage companies on overall customer value. We hope that the ratings of investment brokerage houses below will be instrumental in your selection of the right company for you.


Scottrade Review

Scottrade Pricing

  • Stocks/ETFs: $7 per trade
  • Options: $7 + $1.25 per contract
  • Mutual Funds: $17 per transaction for no-load mutual funds
  • Listed Corporate Bonds: $35 fee + $3 per Bond (minimum investment $1,000)
  • Unit Investment Trusts: $50 liquidation fee

Scottrade Advantages

  • Excellent customer service
  • Over 500 local branches
  • Free real-time streaming quotes
  • Online community
  • Easy to use for beginner investors
  • Great Trade Ideas tool
  • No IRA fees (setup, annual, termination)
  • Low minimum to open account

Scottrade Review

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Current Scottrade Promotion Offer

Click on the link to get up to $100 in transfer fee reimbursed: $100 in Transfer Fees Refunded. No set-up fees. No Annual Fees.

TradeKing Pricing

  • Stocks/ETFs: $4.95 per trade
  • Options: $4.95 + $0.65 per contract
  • Short options valued at 5 cents or less, can be bought to close these positions for no charge
  • Mutual Funds: $9.95 per transaction for no-load mutual funds
  • Bonds: $1 per bond with $10 minimum, $250 maximum
  • Treasuries: commission-free
  • Certificates of Deposit (CDs): $24.95 per transaction

TradeKing Advantages

  • Very good pricing
  • Competitive options tools
  • Excellent customer service
  • Trader Network: best investor community in the industry
  • Free IRAs (no setup and annual fees)

TradeKing Review

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Current TradeKing Promotion Offer

(Refer a friend and both receive $50)

Optionshouse Ratings 2014

OptionsHouse Pricing

  • Stocks/ETFs: $4.75 per trade
  • Options: $5 for up to five contracts, $1 for each additional contract OR $8.50 + $0.15 per contract
  • Mutual Funds: $9.95 per transaction for no-load mutual funds
  • Call support to buy U.S. treasury bonds and listed corporate bonds

OptionsHouse Advantages

  • Great commissions
  • Very good trading tools and charts
  • Virtual trading available
  • Free check-writing
  • Very low margin rates

OptionsHouse Review

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Current OptionsHouse Promotion Offer

Get 100 commission-free trades: Click to get 100 free trades when you open an account at Optionhouse.Optionshouse Review 2014

Etrade Review 2014

Etrade Pricing

  • Stocks/ETFs: $9.99 per trade
  • Options: $9.99 plus $0.75/contract
  • Mutual Funds: $19.99 per transaction for no-load mutual funds
  • Futures: $2.99 per contract, per side + fees

Etrade Advantages

  • Great trading platform
  • Good research tools
  • Suggestions for stock picks matching your investing strategy
  • Access to foreign stock exchanges
  • Low investment to open an account - $500 to begin investing, $2,000 allows you to open a margin account

Etrade Review

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Link To Current Etrade Promotion Offer

Open an IRA at E*TRADE Securities and Get up to $600

USAA Brokerage Review

USAA Pricing

  • Stocks/ETFs: $8.95 for Gold members and $5.95 for Platinum members per trade
  • Options: $8.95 + $0.75 per contract for Gold members and $5.95 + $0.75 per contract for Platinum members
  • Mutual Funds: $45
  • U.S. Treasury Securities at Auction: $45
  • All Listed Corporate Bonds: $25 + $3 per bond

USAA Advantages

  • No account maintenance, inactivity or hidden fees
  • Good banking services
  • No-fee IRA accounts

USAA Review

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USAA Account

Easy to manage tools made for every investor. Open an Account!

This article was updated on 12/16/2014.

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