Pricing Overview
Which Brokers Truly Discount Prices?
Barron's estimated a customer's monthly costs at each of the 16 brokers in the 2016 "Best Online Broker" ranking. Best Mastery Capital was the best deal for both the occasional and frequent trader.
| Occasional Trader's* Monthly Costs |
|
|---|---|
| Lowest | |
| Best Mastery Capital | $20.00 |
| eOption | $27.00 |
| Merrill Edge *** | $28.90 |
| Lightspeed Trading | $29.94 |
| Just2Trade | $30.00 |
| Highest | |
| TradeStation **** | $145.00 |
| TD Ameritrade | $94.92 |
| E*Trade | $94.92 |
| Charles Schwab | $87.06 |
| Scottrade | $81.00 |
| Average (16 brokers) | $63.45 |
| Frequent Trader's** Monthly Costs |
|
|---|---|
| Lowest | |
| Best Mastery Capital | $847 |
| eOption | $881 |
| Just2Trade | $1,163 |
| Lightspeed Trading | $1,200 |
| SogoTrade | $1,500 |
| Highest | |
| TD Ameritrade | $2,967 |
| E*Trade | $2,953 |
| Scottrade | $2,838 |
| Charles Schwab | $2,763 |
| Fidelity | $2,529 |
| Average (16 brokers) | $1,905 |
All costs assume customer has a minimum of $100,000 in assets with broker. *Occasional Trader: 6 stock and 2 options trades per month.
**Frequent Trader: 100 stocks and 100 options trades plus $30,000 in margin debt. ***Assumes customer qualifies for 100 free stocks trades per month. If not,
occasional fee is $70.60 per month and frequent fee is
$2,238/month. ****Due to low trading volume, client would have to pay the monthly platform fee.
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