Top 10 brokerage firms: compare and review best discount online investment companies in 2016


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.









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 $100 in free commissions. No hidden fees. No minimums.






TDAmeritrade Review




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.


TD Ameritrade Advantages


  • No account fees or trade surcharges
  • Access to an online trader community
  • Free streaming quotes
  • Local branches
  • Free automatic reinvestment of dividends
  • Fee-free retirement accounts
  • Flat-rate commissions, no hidden fees
  • Virtual trading
  • Award winning trading tools


TD Ameritrade Review


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Current TD Ameritrade Promotion Offer


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






Thinkorswim Review

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






MBTrading Review 2015




MB Trading Pricing


  • Stocks/ETFs: $4.95 per trade
  • OR $0.0075 per share with a $4.95 minimum per trade (proprietary order routing through MBTX system)
  • Executions on foreign stock exchange: $4.95 + 0.01 per share
  • Options: $0.95 per contract (1-10 contracts), $0.60 per contract (11-100 contracts), $0.35 per contract (101-249 contracts)
  • Mutual funds: $9.95
  • Bonds Corporate/Listed: $1 per bond ($10 minimum, $250 maximum charge)
  • Bond Treasuries: free
  • Bonds Allocation: $25


MB Trading Advantages


  • Good pricing
  • Great trading tools
  • No additional ECN fees, exchange fees
  • Great charts


MB Trading Review


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Current MB Trading/TradeKing Promotion Offer


Get $100 in free commissions. No hidden fees. No minimums.


This article was updated on 2/9/2016.









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