Broker Stock Trading Commissions

Updated Monday, August 1, 2011

Stock Trading Commissions
Click on the broker name links to go to each broker's commissions and fees page.  Click on the red links in the far right column to receive special discount offers.

BrokerStock CommissionsSpecial Offers and Notes
Interactive Brokers$1.00For the North American flat rate pricing plan trading fees are $0.005/share with a minimum commission of $1 (in other words, trade up to 200 shares for $1).  Different fees apply for non-US exchange orders, different order routing options and the North American cost plus pricing plan.  Click here for further details.

Minimum $10 in commissions per month, so charges will be applied if that level is not met
Just2Trade$2.50$2.50 for all order types, unlimited shares and stocks at all price levels
eOption$3.00Additional fees may apply to orders greater than 2,000 shares directed to the NYSE
SogoTrade$3.00For stocks priced under $1.00, the online commission is $3 plus ½% of the principal value. For trades of more than 100,000 shares, please contact customer service for assistance. Limit orders executed over multiple days, and orders modified after a partial execution will be treated as separate orders for commission purposes.
OptionsHouse$3.95Get 100 Commission-Free Trades at

Trade up to 50,000 shares per trade; trades in excess of this require multiple order tickets and will be billed as separate orders. Flat commissions may not apply outside certain risk parameters.
Zecco$4.95New $4.95 commission (up from $4.50) goes into effect on March 30, 2011

$6.95 for stocks and ETFs priced under $1.00

10 free trades per month for customers who make 25+ trades per month or have $25,000 in assets is no longer offered
TradeKing$4.95Get $100 when you open a TradeKing account today!

Switch to TradeKing and get up to $150 in transfer fees reimbursed

Add $0.01 per share on the entire order for stocks priced less than $1.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95. Minimum investment of $100 per order in OTCBB and Pink Sheet stocks. TradeKing does not accept opening trades for stocks below $0.01 per share.
Firstrade$6.95Get 250 commission-free equity trades, up to $100 transfer fee rebate and $250 cash rebate at
10 commission free ETFs available at Firstrade 

For stocks under $1 and trades over 5,000 shares, add 1/2 cent per share for the entire order.
Scottrade$7.00For stocks priced under $1, add ½% of the principal value to the commissions shown. Some foreign and pink sheet stocks must be traded with broker assistance. Commissions are charged on a per order basis. Limit orders executed over multiple days and orders modified after a partial execution on the same day will be treated as separate orders for commission calculation purposes.
Fidelity$7.9525 commission free ETFs available at Fidelity
Schwab$8.9511 commission free ETFs available at Schwab

Trades that execute over more than one day will be charged a separate commission for each additional day; each separate commission will apply to the portion of the trade executed on the corresponding additional day. Up to 999,999 shares can be placed per trade.
Merrill Edge$8.95$8.95 when <$250,000 in assets; $6.95 when $250,000 - $1m in assets; $4.95 when $1m+ in assets

Receive 30 free trades per month with $25,000+ in assets in one or more Bank of America or Merrill Lynch accounts
optionsXpress$9.95Learn how you can get $100 when you open up a new optionsXpress account and be in the money from the start.

$0.01 / share for 1001+ share trades
ShareBuilder$9.95Add a $0.007 surcharge per share on real-time trades when the average execution price per share is less than $1.00. The total commission (base commission + surcharge) is subject to a maximum of 15% of the principal amount of the trade, but no less than the base commission.

$7.95 per trade for Advantage Account holders, which costs $12/month but includes 12 free automatic trades per month
thinkorswim$9.95(option 1) $9.95 per trade (market or limit orders; 5,000 shares maximum) or (option 2) $.015 per share ($5.00 minimum). Option 2 works out as the cheaper choice for trades under 660 shares.

$9.99 for any stock trade regardless of size or order type for stocks $2.00 or less
TD Ameritrade$9.99101 commission free ETFs available at TD Ameritrade

When an order is partially executed over multiple trading days, the order is subject to a separate commission charge for each trading day.
E*TRADE$9.99$7.99 when executing 150+ trades/quarter
WellsTrade$19.95$0.00 for 1st 100 trades per year and $8.95 thereafter for PMA accounts

Stocks priced less than $1 is greater of $34.95 or 3.5% of principal; for PMA accounts it is $24.95 or 2.5% of principal

An additional 1.5 cents per share will be charged for more than 1,000 shares. An order that executes over multiple trading days may be subject to additional commission.
Vanguard$20.0049 commission free ETFs available at Vanguard

First 25 trades per year are $7 for accounts with less than $50,000 in assets, subsequent trades are $20; $50,000 - $500,000 in assets is unlimited trades for $7; $500,000 - $1m assets unlimited trades $2; $1m+ is free for first 25 trades and $2 for additional trades

Take a moment to review the special offers column in detail. You will notice that many brokers offer reduced commissions when certain account value thresholds are met, when trade thresholds are met or other special circumstances. In addition, some brokers charge additional commissions when the number of shares in a transaction reach a given threshold.  Brokers that allow trading of stocks listed on foreign exchanges often charge much higher commissions to do so than an equivalent transaction on US exchanges. Also, note that the above basic commissions are for electronic trading and most brokers that accept trades over the phone charge significantly more for this service.

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