Top 10 brokerage firms: compare and review best discount online investment companies in 2015

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

  • Lowest stocks, ETFs, and mutual funds commissions among large brokerage houses
  • Over 500 local branches
  • Good banking services
  • Free real-time streaming quotes
  • Easy to use for beginner investors
  • Great Trade Ideas tool
  • No IRA fees (setup, annual, termination)
  • Free dividend reinvestments
  • Excellent customer service

Scottrade Review

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Current Scottrade Promotion Offer

Get up to $2000 when you open new account or add funds to existing account.

Optionshouse Ratings 2015

OptionsHouse Pricing

  • Stocks/ETFs: $4.95 per trade
  • Options: $4.95 + $0.50 per contract
  • Mutual Funds: $20 per transaction for no-load mutual funds
  • Call support to buy U.S. treasury bonds and listed corporate bonds

OptionsHouse Advantages

  • Very low, flat-rate commissions, with only exception being stocks under $2
  • Award winning trading tools and charts
  • Free streaming quotes
  • No account fees (including IRAs)
  • Free automatic reinvestment of dividends
  • Virtual trading is available
  • Free check-writing
  • Low margin rates

OptionsHouse Review

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Current OptionsHouse Promotion Offer

Trade Free For 60 Days when you Open a New OptionsHouse Account

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

  • Lowest pricing among large brokerage firms
  • Highly rated options trading tools
  • Excellent customer service
  • Trader Network - best investor community in the industry
  • Free IRAs (no setup or annual fees)
  • Free dividend reinvestment plans
  • Low margin rates

TradeKing Review

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Current TradeKing Promotion Offer

Get $200 and trade for just $4.95.

Thinkorswim by TD Ameritrade Pricing

  • Stocks/ETFs: $9.99 per trade
  • Options: $9.99 + $0.75 per contract
  • No-load mutual funds: $49.99
  • Treasuries at auction: $25
  • All other bonds and CMOs, CDs: on a net yield basis
  • Futures: $2.25 per contract (plus exchange & regulatory fees)
  • Forex: Non-commission currency pairs trade in increments of 10,000 units (and do not contain a "#" symbol suffix). There are no additional fees or charges.

Thinkorswim by TD Ameritrade Advantages

  • Best-in-class trading platform
  • No trading platform fees
  • Online autotrading management tools
  • Paper trading feature (practice trading)
  • Free IRAs
  • Lots of local branches
  • No charge for streaming quotes
  • Free DRIPs

Thinkorswim by TD Ameritrade Review

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Current Thinkorswim by TD Ameritrade Promotion Offer

Join Thinkorswim. Trade free for 60 days + Get up to $600

Etrade Review

Etrade Pricing

  • $9.99 per stock/etf trade ($7.99 if making 150+ trades per quarter)
  • Options: $9.99 plus $0.75/contract ($7.99 + $0.75 if making 150+ trades per quarter)
  • Mutual Funds: $19.99
  • Futures contracts: $2.99 per contract, per side + fees
  • Forex: markup or markdown will be included in the prices quoted
  • Bonds: $1 per bond (minimum $10, maximum $250)

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

None right now.

This article was updated on 10/6/2015.

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