I am just curious to have a survey to find out how much commission (for each stock trade) you have to pay and which discount brokerage you are currently using.
Also, does your discount brokerage charge you more for after hour trades? How much?
Thanks in advance.
eoption is $3 per trade plus exchange fees, ameriprise is free if you trade 1000 shares or more and have 500k in the account called smart trade. ameripirses exchange fees are higher than the $3 plus fees at Eoption. I trade online on Eoption. for options it is a little higher than $3 at Eoption with add on of so much per contract but still very reasonable, the advertise as the least expensive broker. for day trading they give you 5X margin able balance.
At Bank of America If you keep at least $25,000 in savings and checking you can get 30 free trades a month with Merrill Edge. I'm co-owner on my parents bank accounts so I don't have to tie up my own money to reach the 25k minimum. I believe CDs count toward the total.
Normally Fidelity charges me 7.95 a trade, but they gave me 100 free trades within a 12 month period for being a premium customer, whatever that means. I've been burning it up using those free trades. Also, my Scottrade account charges 7 dollars a trade, I believe.
Thanks. I believe Fidelity may charge you too much because Scottrade only charges $7 per trade for everybody. I bet if you bring this up to Fidelity, they may reduce your trade commission. Now I have to give credit to Fidelity, they do not have a lot of restrictions for trading too many stocks while both E-Trade and Scottrade some time place some stocks such as BDCs and preferred stocks on a restriction list and you must call them before you can buy any (but not for selling them). Fidelity also deposit dividend on the trading day when the dividend is paid before market close while others only show them after market is closed or much later. Fidelity also charges same commission for after hour trade.
schwab took $1 off for me when i complained i was paying too much on commissions. so it went from $8.95 to $7.95 per trade. i also recently opened an account with options house.... they only charge $3.95 a trade. just began trading there. ive yet to form any opinions one way or the other with options house.
Thanks. I was indeed impressed by the quantity of free ETFs such as IWM that were offered by Schwab. Fidelity does offer some free ETFs but not as extensive and the one offered by E-Trade sucked big time.