Best Online Stock Brokers Revealed!

Dear Potential Penny Stocks investor

Were you wondering which online stock brokers are best, and how much they charge each ? And how you can save thousands of dollars, just by choosing the right best online stock broker ?

Below we made for you a total overview of all the online stock Brokers, so you do not need to do the work all over again.
You will notice that the online brokers fees are quite different, therefore we advise you to calculate the costs with the "end in mind"  so you will know how much you will truly earn after deducting all the fees.

Some Stock Brokers are more interesting for people that invest frequently others more for investing once in a while. Below you will see the large differences in fees stock brokers charge.
Make your calculations based on your needs and you will quickly find out
that you can save thousands of dollars per year just by choosing the right Best Online stock broker.

Before analysing which online stock broker is best for you,

1) How much money do I want to invest in the first place ?
2) What type of transactions do I want to do ?
3) How much transactions do I want to do on a weekly monthly, quaterly, yearly basis ?
4) How much will a transaction cost me, taking into the fixed monthly/yearly .. costs ?
5)  Decide how much you want to invest per transaction. The more you invest the lest it will cost if you pay per transaction; but then again, if you invest more you can loose more so make sure you always put your stop loss into place.
6) Once you have decided how much you want to invest per transaction you can make the same calculation with all the different brokers to see which one is most interesting for you based on the amount you want to invest and the amount of transactions you want to do.

Make sure you always calculate your net profit = profit – costs. It can make quite a difference with which online stock broker you work with, especially for small-cap and penny stocks.  Using the right stock broker can save thousands of dollars in a year profits ! 

The Best Online Stock Brokers Compairison and Review:
We decided to write this article for you to make it easier for you to choose the online stock brokers that suits for your needs.
To give you the best of the best, We included a maximum amount of information from different sites. The stock broker might change his conditions once in while.  So, before you open an account with any of the online stock brokers please visit their site first to check if anything has changed in the meantime.

Bellow you will find the online stock broker’s Fees per order and per month, quarter, year,  the minimum you need to have to be able to open an account. (You need to remit this amount before they will open it.)
And their contact details.

1) E*TRADE 
Fees :  charges $12.99 for both market and limit orders – including penny stock trading for $1 or less and all OTCBB stocks. 
Minimum to open an account :  $1,000 
Quaterly fee : $40
Remarks : E*TRADE is a cheap online broker mainly for active traders who don’t need a lot of handholding.
Contact details 
Etrade phone: 1-800-387-2331,
Web address: www.etrade.com

2) Fidelity:
Fees:  $19.95 for both market and limit orders – including all penny stocks. 
Annual Fees : None
Quaterly Fees : None
Minimum to open an account : $2,500 
Quaterly Fees : None
Contactdetails : 
Fidelity’s phone: 1-800-544-6666,
Web address: www.fidelity.com

3) Scottrade:
Fees :  It charges $7 for both market and limit orders. In addition to the $7 flat commission, they charge an additional fee of 0.5% of the total principal. So if you spend $500, you owe Scottrade an addition $2.50 added onto that $7 commission – making your total commission come to $9.50.
Quaterly Fees : None
Annual Fees : None
Remarks: There are no quarterly or annual fees. So even if you are an inactive investor, you won’t be penalized for “not trading.” Scottrade is one of the cheapest onlinebrokers you will find.
Contactdetails : Scottrade’s contact  phone: 1-800-619-7283,
Web address: www.scottrade.com

4) Charles Schwab:
Fees : It charges $19.95 for market and limit orders – and an additional $0.015 for all shares over 1,000. 
For small-cap investors, you need to be aware it wills costs $19.95 to buy or sell any small-cap or penny stock. However, if you buy more than 5,000 shares, you have to pay $0.003 for every additional share.
Quaterly Fee : 45 $
Minimum to open an account : $2,500

Remarks :Charles Schwab is the pioneer in the discount broker, but it is expensive.
Contactdetails : Charles Schwab phone: 1-866-855-6770, Web address: www.schwab.com

5) TD Waterhouse:
Fees :  $17.95 for market orders and $20.95 for limit orders. 
Minimum to open an account : $1,000
Quaterly Fees : $25 ; however this charge could be waived if you make three or more trades in a 6-month period.
Contactdetails :TW Waterhouse’s contact phone: 1-800-934-4448,
Web address: www.tdwaterhouse.com

6) Ameritrade: 
Fees :  $10.99 for all market and limit orders including OTCBB and penny stocks. 
Minimum to open an account :$2,000 to open an account with Ameritrade. You will Quarterly fee15 $ if your account balance falls below $2,000 OR you don’t make four trades every six months.
Remarks : One of the better-known deep discount onlinebrokers.
Contactdetails : Ameritrade’s contact phone: 1-800-454-9272, Web address: www.ameritrade.com

7) Firstrade:
Fees $6.95 commissions
If you trade stocks that sell for $2 or less, you must tack on an addition fee of ½ a cent per share. So if you buy 1,000 shares of a $1 stock, it will cost you $6.95 plus $5. So your total commission would equal $11.95.
Quaterly Fees : None
Annual Fees : None
Minimum to open an account : No
Contactdetails : Firstrade’s phone: 1-800-869-8800, Web address: www.firstrade.com

8)Vanguard :
Fees :25 $ nd if you are interested in buying penny stocks, it gets a little hairy. You pay a flat $20 commission per play plus 2% of the total principal.
Quaterly Fee: $25 to execute any market or limit order.
Annual Fee $30
Minimum to open an account : 3000 $
Remarks : Vanguard is a full service onlinebroker – similar to Fidelity and Schwab. So it should come as no surprise that you must pay more that you would with E*TRADE or some other deep discount broker.
Contactdetails Vanguard phone : 1-800-992-8327, Web address: www.vanguard.com

9) Wang Investment: 
Fees :  $8 for most market and limit orders. It costs $25 to buy or sell stocksthat trade for $1 or less.
Fee every 6 months : 30 $
Minimum to open an account : 0 $
Remarks :you compare this with E*TRADE, Firstrade and Scottrade.
Contactdetails : Wang Investment’s contact phone: 1-800-353-9264, Web address: www.wangvest.com

10) Trading Direct: 
Fees :  $9.95 for all market and limit orders – including OTCBB and Pink Sheets stocks.
Minimum to open an account : 0 $
Annual Fee :  $60  — unless you make at least one transaction per year.
Contactdetails : Trading Direct’s phone: 1-800-925-8566, Web address: www.tradingdirect.com

11) optionsXpress: 
Fees :  $14.95 for market or limit orders of 1,000 shares or less. (If you trade enough, the fee per order actually falls to $9.95 for 1,000 shares). For orders above 1,000 shares, you pay 1.5 cents per share.
Minimum to open an account : 0 $
unless you plan to trade on margin. (To open a margin account, you must deposit a minimum of $2,000).
Remarks : To trade penny or Over-the-Counter shares, the fee structure is the same. You pay $14.95 for the first 1,000 shares. And the maximum you can be charged (assuming you buy a lot more than 1,000 shares) is 4% of the total trade.
Contactdetails : OptionsXpress’ phone: (888) 280-8020, Web address: www.optionsxpress.com

12) Interactive Brokers:
They charge $1 to trade 100 or less shares. If you buy more than 100 shares, the commission is $0.005 per share. So if you wanted to buy 1,000 shares, it would cost you $5.

To trade penny and OTCBB stocks, IB charges 0.2% of the total price of the trade. So if you buy 2,000 shares of a 50-cent stock, the commission will be $2.

Minimum to open an account :  $2,000
If you are a day trader :  $25,000
Monthly Fee . $10 monthly inactivity fee. (That is waived if you spend enough on commissions and research). To look over the ins and outs of IB’s fee and commission structure, check out this link: http://www.interactivebrokers.com/en/accounts/fees/minimumDeposits.php?ib_entity=llc#commission

Remarks : One of the online broker that I like the most. Presently I’m trading with them.

Interactive Brokers’ contact phone: (877) 442-2757, Web address: www.interactivebrokers.com

13) Lowtrades:
Fees : $2.99 per buy and sell. If you make between 1-50 trades a month, Lowtrades charges a $5 commission. If you make between 51-100 trades a month, the commission drops to $4.75. If you trade more the commissions will be lower.

For us penny stock investors, commissions are $5 per buy and sell order.

Minimum to open an account :  0$ Unless you open a margin or a day traders’ account.

Remarks : a good little discount broker. 

Contactdetails : Lowtrades’ phone: (800) 597-8767 or (202) 466-6890. Web site: www.lowtrades.com

14) ChoiceTrade: 
Fees : $5 per buy and sells order – market or limit. And it’s only $5 for OTCBB and penny stocks.
Minimum to open an account :  0$ Unless you plan on trading on margin or opening a day trader’s account.

Remarks : If you aren’t an active trader/investor, ChoiceTrade may be a nice fit for you. There is no inactivity or quarterly fee.

Contactdetails :ChoiceTrade’s phone: (877) 731-9114 or (732) 214-2660.
Web site: www.choicetrade.com

15) MB Trading:
Fees : If you buy or sell 500 shares or less, it will cost you a penny per share. So if you trade 500 shares, your commission will be $5. If you trade more than 500 shares at one time, you are charged a half a cent for every share above 500. So if you buy 1,000 shares, your commission will be $7.50.

For penny and OTCBB stocks, MB Trading charges $8.95 per transaction – for unlimited shares.

Minimum to open an account :  2000$
And if you trade on margin or day trade, the minimum requirements go up to as much as $25,000.

Contactdetails : MB Trading phone: (866) 628-3001. Web site: www.mbtrading.com£

16 ) Zecco 

Fees : $4.50 per trade if you have under $25,000 in your account. If you have more than 25k your trades are absolutely free.
Monthly/ yearly fees : none
Minimum to open an account :  0$
 

 
Online stock broker Zecco review

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Make good use of this information and you might save some big bucks at the end !

We wish you Profitable trading Successes !

Ataur Rahman

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