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Discount Brokers

Quickly find discount brokerages serving individuals and institutions.
Discount Brokerage
optionsXpress offers discount brokerage services including free tools, research and education for online stocks and options investors.
www.optionsXpress.com  Save My Rating
Discount Brokers
Open a New Brokerage Account - Without The Hassle of Opening One.
www.Schwab.com
Discount Brokers
Commission free trades for 30 days. No maintenance fees. Sign up now.
TDAMERITRADE.com
Scottrade Brokerage
A Variety of Products & Services to Fit Your Investment Strategy!
www.Scottrade.com
TradeKing - Online Broker
$4.95 Trades + $.65 per contract, SmartMoney Top Discount Broker 2007
www.TradeKing.com
Discount brokers
"Best Online Broker" 4 years in a row! Barron's 2003-2006.
optionsXpress.com
Easy Online Brokerage
Stocks, bonds, options, funds. Apply Now at E*TRADE Securities
ETRADE.com
1% Realtor
Personal service & a huge rebate. Broker with 10 years of experience.
www.onepercentbroker.com
Top 20 Discount Brokers
Get our Free Report reviewing the Biggest Discount Brokers.
www.BrokerAdviser.com/
INGDIRECT | ShareBuilder
Brokerage Offering No Acct. Min. No Inactivity Fees. Start Today!
www.ShareBuilder.com
$0 Stock Trades at Zecco
Up to 10 free trades/month No gimmicks. No hidden fees.
www.Zecco.com
Discount Brokers
Find Discount Stock Brokers. Search In Your Local Area Now.
JustClickLocal.com
A-Z Discount Brokers Provider Directory
1-9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
1-9
1st Discount Brokerage, Inc.
A wholly owned subsidiary of 1st Internet Financial Services, Inc. (1IFS), 1db.com provides full service and discount brokerage services to individuals and institutions.
www.1st-discount.com
1st Global, Inc.
Based in Dallas, Texas. Securities offered through 1st Global Capital Corporation, member NASD, SIPC.
www.1stglobal.com
A
Access-Direct
Offers discount online trading in stocks and futures.
www.access-direct.com
B
Brown|Co
Acts as a discount broker in stocks and options for qualified clients who make their own decisions. Subsidiary of JP Morgan Chase.
www.brownco.com
D
Dashin Securities Co., Ltd.
Chinese brokerage with offices in Hong Kong, Taiwan and the US. Site offers trading, investment ideas, quotes & news as well as customer service.
www.dashin.com
Scottsdale Securities
Discount broker for individual investors, also providing online trading services.
www.discountbroker.com
F
Frontier Futures, Inc.
Located Cedar Rapids, Iowa, Frontier serves a national and international client base of individual and institutional traders and hedgers.
www.ffutures.com
Financial Discounts Direct
Based in the UK and serves as an execution discount service and does not provide any investment advice.
www.financial-discounts.co.uk
H
Harris InvestorLine, Inc.
Providing investors service and commitment at discounted commission rates. Offers customers two different investment account alternatives: Internet (HIL Online Account) or (HIL Conventional Account) or both.
www.harrisinvestorline.com
I
Investex Securities Group
With InvestEXpress On-Line clients can place trades, obtain quotes, view positions, money balances and executed orders.
www.investexpress.com
InvesTrade Discount Securities
The deep discount electronic stock brokerage division of Regal Discount Securities. Charges one flat rate for electronic stock trade executions, with no limit on size.
www.investrade.com
K
Killik & Co.
Privately owned and independent brokerage operating in the UK. The firm has no minimum portfolio or transaction size.
www.killik.co.uk
M
Midwest Discount Brokers, Inc.
Located in Springfield, Missouri, MDB is a National Association of Securities Dealers registered Broker/Dealer with a focal interest in stock, bond, mutual fund and variable insurance products.
www.mdbi.com
N
National Securities Co. S.A
Brokerage house headquartered in Greece. The site only offers information and execution in Greek.
www.naseco.gr
Nestlerode & Co., Inc.
Offers traditional brokerage services and discount brokerage services. Site includes information in the form of research, investment articles and book reviews as well as product information.
www.nestlerode.com
NexTrend Trading, Inc.
Fully disclosed, registered broker/dealer providing many of the same benefits as a full service brokerage firm. Traders may get high speed execution and access to all markets at lower commission rates.
www.nextrend.com
O
OneInvest
Service of Banc One Securities Corporation. An account with OneInvest gives access to free real-time quotes, free news, and online trading of mutual funds, bonds, stocks, and options.
www.oneinvest.com.my
Discount Brokerage
optionsXpress offers discount brokerage services including free tools, research and education for online stocks and options investors.
www.optionsXpress.com
Garden State Securities
Clients receive direct access to traders, services with discounted commissions, news articles, and earnings reports, by fax or mail service.
www.otcstocks.com
Q
Quick & Reilly
www.quick-reilly.com
S
Scottrade
Online trading site of Scottsdale Securities, Inc. offering investment services in stocks, options, mutual funds, listed coporate bonds, treasury issues, and retirement accounts.
www.scottrade.com
Scotia Discount Brokerage
Canadian discount brokerage service. Online features include quote services, order entries, account enquiries, links, news items, stock alerts, multiple searches, glossary and support line.
www.sdbi.com
SuperTradeUSA
Online trading, portfolio analysis, stock, options and mutual fund quotes, graphs, charts, tickers and company news. Does not offer brokerage services to residents of New Hampshire and Puerto Rico.
www.supertradeusa.com
T
Tradewell
Full service discount brokerage firm and an affiliate of Josephthal & Co., Inc.
www.trade-well.com
W
WallStreet Electronica Online Trading, Inc.
Servicing the needs of global investors, independent financial advisors, brokers, banks. All positions and funds in the client accounts are held in custody by Herzog Heine Geduld.
www.wallstreete.com
Wall Street Access
Located in New York, New York. Strives to offer premium brokerage services at discount prices for the sophisticated trader and believe premium service means great executions.
www.wsaccess.com
Wall Street Discount Corporation
Located in New York, New York. Clients can use a broker, the Internet or touch tone telephone as well as trade equities, mutual funds, options, corporate & municipal bonds, and foreign securities.
www.wsdc.com
Wall Street Equities, Inc.
Independently owned and operated deep discount brokerage firm. WSE is registered in all states and territories of the U.S. with the exception of Wisconsin and Hawaii.
www.wsei.com
  • Dab Bank AG
  • JB Oxford Holdings
  • Siebert Financial Corp.
  • T. Rowe Price Group, Inc.
  • TD Waterhouse Group Inc.
Discount Brokers
Open a New Brokerage Account - Without The Hassle of Opening One.
www.Schwab.com
Discount Brokers
Commission free trades for 30 days. No maintenance fees. Sign up now.
TDAMERITRADE.com
Scottrade Brokerage
A Variety of Products & Services to Fit Your Investment Strategy!
www.Scottrade.com

Guide to Discount Brokers

How to find a good discount broker who suits your investment style


In the world of investments, a broker is your liaison to the market, a licensed professional qualified to make recommendations and buy and sell on the stock exchange. Unlike full service brokers, discount brokers are paid a salary rather than a commission. It is their job to execute your trades rather than solicit your business or council you individually.

For a young investor starting out with a small pool of capital, discount brokers are usually the way to go because the savings over a full service broker are significant. Furthermore, many online discount brokerage firms offer a lot of useful information that can take the place of one-on-one advice. Investing on your own is a good way to learn about the market so that you become a smart, disciplined investor.

There is no magic-bullet solution for choosing the right discount brokerage firm for you. To do it well, you need to take your investment style into consideration, then navigate your way through a myriad of pricing structures and service options.

1. Identify your investment style.

2. Choose a pricing structure that compliments your trading habits.

3. Choose a discount and a deep discount brokerage firm. Discount brokers won't have local branches, but many do put out materials to help their investors. This is different from a deep discount brokerage firm that executes trades only.


Action Steps

The best contacts and resources to help you get it done

Start comparing discount brokers Yes, it's a drag, but savvy investors know that there's no way around the task of comparing brokers. Put on your reading glasses and start scrolling through commission schedules and account minimums.

I recommend:  The Motley Fool offers a breakdown of reputable online discount brokerage firms. Remember that this information represents an overview of comparable fees and services. See Investopedia's breakdown of common fees and how to avoid them.

Get the skinny from customers and experts If you think you've found that special discount brokerage firm to be your investment partner, make sure exactly what they're about before you trust them with your money.

I recommend:  Rate brokers at a glance by checking out Smart Money's chart of broker ratings. Be sure to search for your firm at FINRA, a national non-government securities regulator.

Learn the lingo Striking out on your own with a discount or deep discount brokerage firm means that you're taking responsibility for making smart investing decisions. Take the time to learn about the market and stay on top of current conditions.

I recommend:  Investopedia lists a number of free newsletters delivered straight to your inbox. Sign up to receive an investment term of the day, or keep track of what Warren Buffet was up to this week.

Find online discount brokers Online discount brokers are the way to go for busy professionals who work long hours. This is your best bet if you don't want a lot of frills or extra charges for the full-service treatment you may not need.

I recommend:  Fidelity, TD Ameritrade, Scottrade and ShareBuilder got high marks from Consumer Reviews for the best online discount brokers. Consumer Reviews also offers expert analysis and customer evaluation surveys from sources like Forbes, Barron's and J.D. Power and Associates.

Tips & Tactics

Helpful advice for making the most of this Guide
  • If you're an investor who likes to trade, choose a discount broker who charges a low fee for buying and selling. If you like to hold onto your stocks, avoid monthly inactivity fees. Of course, most investors are somewhere in between; if this is you, find a smart compromise.
  • Discount brokerages who do business online are cheaper than discount brokerages that let you trade over the phone. However, make sure you can talk to a broker in case of an emergency.
  • If you think you might want individualized help from time to time, choose a brokerage firm that gives you the option of speaking with an expert. Usually, you'll be charged on a per-transaction basis for this service.

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How-To Guide from WORK.COM

By Elise Matz
How to find a good discount broker who suits your investment style.
In the world of investments, a broker is your liaison to the market, a licensed professional qualified to make recommendations and buy and sell on the stock exchange. Unlike full service brokers, discount brokers are paid a salary rather than a ... Read more


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