Cheapest Online Brokers For Stock Trades

Are you looking for the cheapest online broker for stock trades? If so, you’ve come to the right place. Below you will find the world’s major online brokers ranked by how inexpensive their equity trades are for 100-share trades. Please read the notes at the bottom for more details on their plans – these things can get complicated.

Remember, price is not everything when it comes to choosing an online broker, but if rock-bottom pricing is your number-one priority, check out these guys:

Lightspeed Trading – 40 cents! Wow!

Interactive Brokers - $1

OptionsHouse – $2.95

SogoTrade – $3

Zecco – $4.50

Tradeking – $4.95

MB Trading – $4.95

Thinkorswim – $5

ChoiceTrade – $5

Scottrade – $7

tradeMONSTER – $7.50

Fidelity – $7.95

Schwab – $8.95

OptionsXpress – $9.95

E*Trade – $9.99

TD Ameritrade - $9.99

Muriel Siebert – $14.95

Notes:

Interactive Brokers has a $1.30 per trade minimum for non-smart routed equity trades.

Zecco offers 10 free trades per month to customers who have a $25,000 balance or who trade 25+ times a month

Thinkorswim has a flat-rate plan charging $9.95 per trade up to 5,000 shares.

Scottrade charges $17 per trade for executions made through their touchtone phone system, $27 for broker-assisted transactions.

OptionsXpress charges $14.95 per trade for those making 0 – 8 transactions per quarter

E*TRADE pricing drops to $7.99 if you make 150+ trades per quarter

TD Ameritrade charges $34.99 for automated telephone system trades, $44.99 for broker-assisted