Online Brokerages

Online Broker Current Promotions Equity Commission Rate Option Rate / Margin Interest Rate Interest on Uninvested Cash

ETRADE

ETRADE

Reviews (3)

$2,500 in cash with the deposit of $1,000,000 in new assets.
$9.99 online or interactive voice response (plus $45 if broker assisted). Significant additional extended hours charges apply. Negotiated rates may be lower than $5.
Option Rate:
Standard trade commission rate + $.75/contract ($19.99 for exercise or assignment)
Margin Interest Rate:
8.44% on all balances under $25,000
0.26% APY on all balances.

TD Ameritrade

TD Ameritrade

Reviews (3)

$2,500 in cash with the deposit of $1,000,000 in new assets.   $800 in Apple gift cards with the deposit of $300,000 in new assets.
$9.99 online ($34.99 for voice response and $44.99 if broker assisted). No additional extended hours charges.   Negotiated rates may be lower than $5.
Option Rate:
Standard trade commission rate + $0.75/contract ($19.99 for exercise or assignment)
Margin Interest Rate:
9% on balances under $10,000. (graduates to 7.00% on balances over $250,000)
0.01% APY on all balances.

Scottrade

Scottrade

Reviews (2)

 
$7 online and $32 if IVR or broker assisted.
Option Rate:
Standard trade commission rate + $1.25/contract ($17 for exercise or assignment).
Margin Interest Rate:
7.75% on balances under $10,000; 7.50% over $10,000.
0.01% APY

Fidelity

Fidelity

Reviews (4)

$8 to $19.95 for online trade (depending on number of trades and household assets).  An additional fee of $35 to $55 is charged for broker assistance (depending on number of trades and household assets).  No additional fees are charged for extended hours trades.   Negotiated rates may be as low as $4.90.
Option Rate:
Standard trade commission rate + $0.75 per contract(Exercise or assignment charged at standard brokerage commission)
Margin Interest Rate:
8.575% under $10,000; 8.075% between $10,000 and $25,00.

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Charles Schwab

Charles Schwab

Reviews

 

$8.95 - $12.95 (depending on number of trades per year). An additional $5 for interactive voice response and $25 if broker assisted.
Option Rate:
Standard trade commission rate plus $0.75/contract.(Standard trade commission rate applies to execution and assignment)
Margin Interest Rate:
8.50% for balances under $25,000.
Balances can be swept to a money market fund earning 0.10%.

OptionsHouse

OptionsHouse

Reviews

$4.75
Option Rate:
5 contracts for $5, or $8.50 plus $0.15 per contract.
Margin Interest Rate:
Between 1.50% and 4.00%.
0.05%

TradeKing

TradeKing

Reviews (2)

$4.95 per trade online or via broker
Option Rate:
$4.95/trade + $0.65/contract to 8 contracts. $8.95 + $0.15/contract above 8 contracts ($9.99 for exercise or assignment)
Margin Interest Rate:
8.75% on balances below $5,000; 6.75% on balances between $50,000 and $100,000; 4.50% on balances over $250,000.
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