What is the average fee broker charge ? Mutual ,ira,stock.?

Answer 1

That all depends on what route you take. I'd recommend an online broker as they'll probably be cheaper than most other options.

There are a lot of good brokerages depending on what you like and how you trade.

Barron's has a great article on brokerages that they publish each year. (Latest one was in March 6, 2006 though the 2007 article “just” came out). Kiplinger does one too.

Here’s the link to the 2006 Barron’s article.
http://webreprints.djreprints.com/1550280182488.html

Here’s the link to the new Barron’s 2007 – Best online Brokers 3/5/07
http://online.barrons.com/public/article/SB117288684364425609-wsYkdd74F9ukYSQgQJifDpHYwsY_20070402.html?mod=mktw

Here’s the link to the Kiplinger’s July 2006 article which isn’t bad either.
http://www.kiplinger.com/magazine/archives/2006/07/brokers.html


For basic stuff, E*Trade, Ameritrade, and Scottrade are sufficient. For more complex trades, I'd recommend Optionsxpress, ThinkorSwim, or interactivebrokers.

Based on what you put in your question, I'd recommend one of the first three, but all are very good. Cheapest probably is scottrade (of the larger online firms). Yes there are cheaper like interactivebrokers, but you'll have to get used to their software based platform (which is doable). They're only about $1/contract on options!

Brokerages like Fidelity are horrible for anyone with any decent experience. They can do basic buy and sell orders, but beyond that, they’ve got to be one of the worst “top” brokers out there. Not only are most of their customer service staff ignorant in what many transactions are, but their fills are usually slow, the statements are unusable (based on “last transaction vs. current conditions!!!), and they take forever to resolve any issues. That said, for BASIC buy and sell orders, they’re not too bad. It’s just a matter if you want to be with a broker that can grow with your experience.

So, decide what's important to you as a trader and compare the brokers! You can use the article, or go to each website as they all seem to have comparison charts!

And if there are particular things that you want to mention as being most important to you (such as executions, cust svc, cheapest trade - which you mentioned, flexibility on allowing you to do certain types of trades, stop and stop limit orders, contingent orders, great graphing, what if scenarios, training, etc), I'll be glad to help discuss this with you too!

If you have any questions, let me know.

Hope that helps!

P.S. I just found a link to a review of reviews as well! Here it is:
http://www.consumersearch.com/www/internet/online-brokers/reviews.html

Motley fool also does a small comparison of the “cheap” firms. Here’s that link.

http://www.fool.com/dbc/tables/compare.htm?source=ifldbcdbx0000001

Answer 2

Forget average. $7 per trade is the most you should pay. If your broker is charging you more -- switch.

Answer 3

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wish it will help you.