Comparison of online brokerages in the United States
The following is a comparison of notable brokerage firms for Investing online:
| Brokerage | Initial funding requirement[lower-alpha 1] |
Stock & ETF trade commission[lower-alpha 2] |
Options trade commission[lower-alpha 2] |
Annual account fee |
Real-time quotes |
|---|---|---|---|---|---|
| Ally Invest by Ally Financial | $0[1] | $4.95[1] | $4.95 + $0.65 / contract[1] | Free | Yes |
| Capital One Investing | $0[2] | $6.95[2] | $6.95 + $0.75 / contract[2] | Free | For nonprofessionals[3] |
| Charles Schwab Corporation | $1,000; waived if direct deposit is setup[4] | $4.95[4] | $4.95 + $0.65 / contract[4] | Free | Yes |
| DriveWealth | $0[5] | $0.0125 / share; $2.99 minimum[5] | Unsupported[5] | Free | Yes |
| E-Trade | $500[6] | $6.95[6] | $6.95 + $0.50-$0.75 / contract[6] | Free | Yes |
| Fidelity Investments | $0; $2,500 for certain accounts[7] | $4.95[7] | $4.95 + $0.65 / contract[7] | Free | Yes |
| Firstrade Securities | $0[8] | $6.95[8] | $6.95 + $0.75 / contract[8] | Free | Yes |
| Interactive Brokers | $10,000; $3,000 if account holder is aged 25 or younger; $5,000 for IRAs[9] | $0.005 / share, $1.00 minimum[10] | $0.70 / contract, $1.00 minimum[10] | Free[10] | Yes |
| Lightspeed Financial | $10,000+, depending on account type[11] | $4.00[12] | $0.60 / contract, $1.00 minimum[12] | Free | Yes |
| Merrill Edge by Bank of America | $0[13] | $6.95; 30 trades / month free for customers with accounts worth more than $25,000[13] | $6.95 + $0.75 / contract[13] | Free | Yes |
| PNC Bank | $0[14] | $9.99[14] | Unsupported[14] | Free | Yes |
| Robinhood Markets | $0 | $0[15] | Unsupported[16] | Free | Yes |
| Scottrade | $2,500[17] | $6.95[18] | $7.00 + $0.70 / contract[17] | Free | Yes |
| Suntrust Banks | $0[19] | $29.95[19] | Unsupported | Free | Yes |
| TD Ameritrade | $0[20] | $6.95[20] | $6.95 + $0.75 / contract[20] | Free | For nonprofessionals[21] |
| TradeStation | $5,000[22] | $5.00[23] | $5.00 + $0.50 / contract[23] | Free[24] | Yes |
| US Bank | $0[25] | $8.95[25] | $8.95 + $1.00 / contract[25] | Free | Yes |
| USAA | $0[26] | $8.95[26] | $8.95 + $0.75 / contract[26] | Free | Yes |
| The Vanguard Group | $0; some mutual funds have minimums[27] | $0-$20, depending on account balance[28] | $2-$20, depending on account balance + $1.00 / contract[28] | $20.00; waived for account holders with electronic statement delivery[29] | Yes |
| WellsTrade by Wells Fargo | $1,000[30] | $6.95-$8.95[30] | $9.95 + $1.00 / contract[30] | Free[30] | Yes |
| Zions Direct | $0[31] | $0.005 / share; $5 minimum[31] | $10.95 + $1.50 per contract[31] | Free | Yes |
| Brokerage | Initial funding requirement[lower-alpha 1] |
Stock trade commission[lower-alpha 2] |
Options trade commission[lower-alpha 2] |
Annual account fee |
Real-time quotes |
See also
Notes
- 1 2 For an individual taxed investment account, without incurring low balance penalties
- 1 2 3 4 For comparison purposes, only non-discounted commissions on third-party securities are listed. Some brokerages offer volume discounts for active traders; many omit commissions for house-brand mutual funds and ETFs.
References
- 1 2 3 Ally Invest
- 1 2 3 Capital One Investing: How We Compare
- ↑ Real-time Quotes
- 1 2 3 Charles Schwab: Fees & Minimums
- 1 2 3 Drivewealth Fee Schedule
- 1 2 3 E-Trade: Pricing and Rates
- 1 2 3 Fidelity: Commissions and Margin Rates
- 1 2 3 Firstrade: Pricing
- ↑ Interactive Brokers: Required Minimums
- 1 2 3 Interactive Brokers: Commissions
- ↑ Lightspeed: Funding Information
- 1 2 Lightspeed: Commissions
- 1 2 3 Merrill Edge: Trading Commissions & Fees
- 1 2 3 PNC: Brokerage Accounts FAQs
- ↑ Robinhood: About Robinhood
- ↑ Available Securities on Robinhood
- 1 2 Scottrade: Online Broker Comparison
- ↑ "$6.95 Online Trades". scottrade.com. Retrieved 2017-04-16.
- 1 2 Suntrust: Online Brokerage Access
- 1 2 3 TD Ameritrade: Pricing
- ↑ TD Ameritrade: Online Trading Platforms
- ↑ TradeStation: Get Started
- 1 2 TradeStation: Pricing
- ↑ TradeStation: Account Questions
- 1 2 3 US Bank: Schedule of Commissions and Fees
- 1 2 3 USAA: Commissions, Fees and Rates
- ↑ Vanguard: ETF Fees & Minimums
- 1 2 Vanguard Brokerage Services commission and fee schedules
- ↑ Vanguard annual account service fees
- 1 2 3 4 WellsTrade Commissions and Fees
- 1 2 3 Zions Direct: Fees & Commissions
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