Commission for stock brokerage firms?

Question

When you pay commission to say, etrade, is it per trade, per quarter, or per year?

Answer 1

Commission ranges from as little as $3 to $10 for most online brokers. If you trade thru a representive, then it's going to be about $30.
$3 commission brokers does not give you much features such as streaming real time or Level II quotes. They are usually very slow. It's okay for those that just buy and hold, not recommended for daytrading or trying to get the best price.
$10 will get you real time quotes and some good tools for free. If you trade often or put enought money in the account, they can upgrade you to the next level. For example, TDAmeritrade.com will upgrade you to APEX. You get almost all the tools for free including Level II.
You can request a reduction in commission from $10 to $7.
TDA will do it, I don't know about other firms.

I have TDAmeritrade's izone.com. The commission is $5, I have to pay $15 per month for Level II or Streamer if I want it which I do. $15 is still a great deal since I am saving money on commission. Brown & Co. from JP Morgan is also $5, they both require that you have 2 years of online trading experience. To get $5 and all the other benefits, I have 2 accounts. My dad's account that I help trade is APEX, so I get to use Level II and Streamer, while using my izone.com to trade for $5.

For a daytrader, speed and commission price is very important. I can buy a stock and sell within the minute and make a profit. I just need it to move a penny. Every dollar saved on commission is a dollar profit in my pocket. I traded more since they reduced my commission.

I had tried many brokerage accounts before because they offered a lower commission. However, I always went back with Ameritrade. They are quick to answer your question, they are rated the fasted in trading.

You can trade with their margin account and pay no interest if you clear you trade by the end of the trading day. E*Trade will charge you interest even if you sell your position to clear the margins account.

If you are going to open an izone.com or TDAmeritrade.com account, please put down my referral number 784671304. Thanks.

Answer 2

1

Answer 3

Most charge per trade. However, some are offering "free" trades right now if you trade enough.

PLUS, some will charge some "maintenance" fees for inactivity as well. Just be sure to read about the charges, if any, before joining any firm. :-)

Hope that helps!

Answer 4

per trade

1) buy----$$$ commission fee

2) sell --- $$$ commission fee