Stock Trading Sites
Online trading site is the act of placing buying and sell orders for financial securities and /or currencies. It is done by using brokerage’s internet-based proprietary trading platforms. Bonds, stocks, options, futures and currencies can all be traded online. Here I have listed the top 10 best Stock Trading Sites list.
1. Scottrade
Scottrade is a privately owned by American discount brokerage firm. It operates both online and at retail locations. It offers an excellent user experience, reasonable trade fees and a transparent fees schedule.
FEES DETAILS
| Online Trade | $7 |
| Option Trades | $8 |
| Broker Assisted Trading Fee | $32 |
ETF Trades |
$7 |
| Margin Rate | 7.75 |
| Min Cash Acct | $500 |
| Min Margin Acct | $2000 |
| Vendor Details | Scottrade
www.scottrade.com |
FEATURES
- Dividend Reinvestment
- Research and Reports
2. E*TRADE
E*Trade is one of the largest and most prominent stock trading companies with a presence in Mexico, Canada, Europe, Asia, and South Africa.
FEES DETAILS
| Online Trade | $10 |
| Option Trades | $11 |
| Broker Assisted Trading Fee | $25 |
ETF Trades |
$10 |
| Margin Rate | 8.44 |
| Min Cash Acct | $500 |
| Min Margin Acct | $2000 |
| Vendor Details | E*TRADE
www.e*trade.com |
FEATURES
- Automated Trading Strategy
- Research and Reports
3. Fidelity investment
Fidelity ranked high especially in customer service and research, both essential elements for enhancing investor confidence.
FEES DETAILS
| Online Trade | $8 |
| Option Trades | $8 |
| Broker Assisted Trading Fee | $33 |
ETF Trades |
$8 |
| Margin Rate | 8.08 |
| Min Cash Acct | $2500 |
| Min Margin Acct | $2500 |
| Vendor Details | Fidelity
wwwfidelity.com |
FEATURES
- Automated Trading Strategy
- Dividend Reinvestment
- No-Commission ETFs
- Research and Reports
4. Charles schwab
It provides great value for the money, with many services including virtual trading and account transfers offered free of charge.
FEES DETAILS
| Online Trade | $9 |
| Option Trades | $10 |
| Broker Assisted Trading Fee | $34 |
ETF Trades |
$9 |
| Margin Rate | 8.05 |
| Min Cash Acct | $1000 |
| Min Margin Acct | $5000 |
| Vendor Details | Charles schwab
www.schwab.com |
FEATURES
- Automated Trading Strategy
- Dividend Reinvestment
- No-Commission ETFs
- Research and Reports
5. Options Houses
Option Houses platform features a user- friendly interface with rich data and research tools, available at no charge.
FEES DETAILS
| Online Trade | $5 |
| Option Trades | $5 |
| Broker Assisted Trading Fee | $25 |
ETF Trades |
$5 |
| Margin Rate | 6.5 |
| Min Cash Acct | – |
| Min Margin Acct | $2000 |
| Vendor Details | Options houses
www.optionshouses.com |
FEATURES
- Automated Trading Strategy
- Dividend Reinvestment
- Research and Reports
6. Trade King
It is one of the low-priced stock trading agency that nonetheless scores high marks.
FEES DETAILS
| Online Trade | $5 |
| Option Trades | $6 |
| Broker Assisted Trading Fee | $25 |
ETF Trades |
$5 |
| Margin Rate | 8.75 |
| Min Cash Acct | – |
| Min Margin Acct | $2000 |
| Vendor Details | King
www.tradeking.com |
FEATURES
- Automated Trading Strategy
- Research and Reports
7. Share Builder
It is an ideal for investors interested in automatic trades. when new investors fund their account share builder provides bonus up to $600.
FEES DETAILS
| Online Trade | $7 |
| Option Trades | $8 |
| Broker Assisted Trading Fee | $20 |
ETF Trades |
$7 |
| Margin Rate | 7.25 |
| Min Cash Acct | – |
| Min Margin Acct | $25000 |
| Vendor Details | Share Builder
www.sharebuilder.com |
FEATURES
- Automated Trading Strategy
- Dividend Reinvestment
- Research and Reports
8. Lightspeed
It allows the investors to open an array of accounts, including with Roth and traditional IRAs, futures and options for individual or joint traders.
FEES DETAILS
| Online Trade | $5 |
| Option Trades | $5 |
| Broker Assisted Trading Fee | $32 |
ETF Trades |
$5 |
| Margin Rate | 6 |
| Min Cash Acct | $10000 |
| Min Margin Acct | $10000 |
| Vendor Details | Lightspeed
www.lightspeed.com |
FEATURES
- Automated Trading Strategy
- Research and Reports
9. Merrill Edge
It is an online discount brokerage service,provided by bank of America Merrill Lynch. It also has mobile apps that were recently upgraded to allow multi-leg options trading
FEES DETAILS
| Online Trade | $7 |
| Option Trades | $8 |
| Broker Assisted Trading Fee | $30 |
ETF Trades |
$7 |
| Margin Rate | 8.625 |
| Min Cash Acct | – |
| Min Margin Acct | $2000 |
| Vendor Details | Merrill Edge
www.merrilledge.com |
FEATURES
- No-Commission ETFs
- Research and Reports
10. Firstrade
Firstrade is an online discount brokerage service provider. It provides stock trading, mutual funds, bonds, options trading.
FEES DETAILS
| Online Trade | $7 |
| Option Trades | $8 |
| Broker Assisted Trading Fee | $20 |
ETF Trades |
$20 |
| Margin Rate | 4.5 |
| Min Cash Acct | – |
| Min Margin Acct | $2000 |
| Vendor Details | Firstrade
www.firsttrade.com |
FEATURES
- Automated Trading Strategy
- Dividend Reinvestment
- No-Commission ETFs
- Research and Reports
