Brokers' fees/commission charges

Russ18uk

Junior member
16 0
Not really sure where to post this thread; could go in many topics I 'spose.

Here, I would like you guys to post your brokers and what their fees are (commission/annual fee/etc), and some brokers you know of.

Thanks :)
 

BBB

Experienced member
1,071 3
A lot of brokers - especially futures brokers are open to negotiation - depending on estimated volume you put through.

Try looking on their web sites.
 

bkbigfish

Junior member
15 2
Interactive Brokers - $0.005 per share, minimum $1.00 per trade
MB Trading - $0.01 per share, minimum $1.00 per trade

I use MB Trading. There are no hidden or monthly fees. They offer you a trading program (no charts, but Level 2 included) and Medved Quote Tracker (a simple charting program). You can integrate their trading program into different leading charting programs (like eSignal or QCharts, if you can afford them). This board seems to be dominated by IB people, and that's cool - I just started with MB, and the difference in commissions isn't big enough to relearn a new platform.

Most direct access brokers, in fact I think all of them, charge a penny a share or less. Online brokers like Ameritrade charge $9.95 per trade, Scottrade $7 per trade, ShareBuilder (only for long-term buy and hold, since they only put trades through once a week) $4 per trade. I think TradeKing is $4.95 per trade, and E-Trade is somewhere around the $7-10 per trade area. In my opinion, there is no good reason to use an online broker - they have prettier websites and more bells and whistles, with some decent research, but they're slower in execution and far more expensive.
 
 
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