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The cost of online stock trading has been dropping for years. Below is a growing list of brokers that offer some form of free online trading. Zecco offers 10 free trades per month while Bank of America offers free trading to customers who have over $25,000 in eligible Bank of America products. If you know of other brokerages with free trading offers, let us know, and we'll add them.
|
Bank
|
Equity Commission Rate
|
Option Rate
|
Interest on Uninvested Cash
|
Highest Margin Rate (Rates are
lower with higher balances)
|
User Comments |
| Zecco |
10 free trades/month, Below $2,500 it's $4.50 per trade. (An additional $19.99 if broker assisted). |
$4.50 plus 0.50 per contract
($19.99 plus $0.75 if broker assisted) |
Less than 2% | 10.50% | Your Comments and Questions |
| Bank of America |
$0 for up to 30 trades per calendar
month for account holders maintaining over $25,000 in
eligible Bank of America products ($5 to $14 thereafter)
|
N/A
|
Less than 2% |
Not disclosed on website
|
See what other online brokerages offer.