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Brokerage Fees Comparison Calculator Will Help You Compare Trading Commissions Among Brokers

Are you paying too much fees to your broker? This brokerage fees comparison calculator reveals how much you could save by trading with another broker.

One of the most common questions we receive from beginners in stock market investing is related to selecting the best stock broker, regardless of their type: classic, discount, online. Well, like already written in several of our articles, there are number of factors to check when selecting stock broker. Your selection strongly depends on what your needs are. For example, the first question to answer is what level of services you need. Experienced traders are mostly looking for good execution systems and low fees, while beginners mostly desire at least some level of analytical and technical support.

In our previous articles we have covered how you can find best online broker with many brokerage reviews available to you. In this article we have come with a solution that many of our readers are looking for. We have made a simple calculator, which helps you calculate the transaction costs for your typical trade. By using the calc, you have the possibility to compare trading costs among the most popular stock brokers when it comes to trading stocks or exchange traded funds (ETFs). This is useful, since many times it is difficult to go through the long price lists of brokerage houses offering several other services, which makes it difficult for a beginner to understand what costs apply for simple trading only.

Let me clearly remind you at this point, that this online broker comparison module will not find you the cheapest broker, since it does not involve all the fees, but only transaction fees related to stocks or ETFs trading. If you are trading several other financial instrument beside stocks and ETFs, like for example options, futures, Forex, brokers might offer you better or worst conditions. Besides, almost every broker is charging you account holding fees, which also vary. Some brokers charge this fee only to non-active customers, if they do not provide the broker with enough trading volume in a specific period of time, while others charge it anyway. It is again on the type of trader you are. Active traders with great number of high volume trades per month should look for lower transaction costs, while passive investors with only few trades per month or even per year, should focus more on account holding fees.

 

 

Brokerage Fees Comparison Calculator for Popular Stock Brokers

This brokerage fees calculator in front of you is very straight forward to use. You simply have to enter the number of shares your buy or sell order normally includes and current price per share and calc will return you the cost of such trade by various brokers on the list.

For example, if you plan to buy 100 Microsoft shares, you enter 100 in the field 'Number of Shares' and current Microsoft value (symbol NYSE:MSFT ) in the 'Price per Share' field, which can be obtained from the Google Finance or Yahoo Finance website among others. Lastly just click the 'Calculate' button and trading costs for listed brokers will appear.

The comparison is made according to broker's price lists valid per 07/25/2011 for online trading of stocks. We plan to refresh the price list at least once per year (if any changes are made by brokers), to stand this calculator alive and interesting. We don't take any responsibility for potential mistakes in the calc. For fresh and official price lists of listed brokers visit their website.

Enjoy using this online broker comparison of trading costs calculator. If you like it, do not hesitate to share or link to it. Any comments below are welcomed.

 

You must use 'points' as decimal sign in the price per share field!

Number of Shares: Price per Share:

Broker Online Phone Broker Assisted Official Price List
Charles Schwab www.schwab.com
E*Trade www.etrade.com
Fidelity Investments www.fidelity.com
Firstrade www.firstrade.com
Interactive Brokers www.interactivebrokers.com
MB Trading www.mbtrading.com
OptionsExpress www.optionsxpress.com
OptionsHouse www.optionshouse.com
Scottrade www.scottrade.com
ShareBuilder www.sharebuilder.com
TD Ameritrade www.tdameritrade.com
Thinkorswim www.tdthinkorswim.com
Tradeking www.tradeking.com
tradeMONSTER www.trademonster.com
TradeStation www.tradestation.com
Zecco www.zecco.com

 

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In the table you can see how much would the trade cost you by various U.S. brokers (listed in alphabetic order) for online trade, automated phone trade or broker assisted trade.

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Online Broker Comparison Tool

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Brokers Reviews and Ratings

Charles Schwab Bank

Charles Schwab Bank offers investing and financial guidance you need to make smart decisions, plus a range of investment services - online investing.

Etrade Financial

Etrade Financial provides online investing and stock trading including: stocks, options, mutual funds, ETFs, bonds, futures, and mobile trading apps.

Fidelity Investment Services

Fidelity Investment Services is an online trading brokerage offering investment solutions to help you find your way, whatever your destination.

Firstrade

Firstrade online stock broker offers stock trading, options trading, mutual funds, bonds with no minimums to start investing and no inactivity fees.

Interactive Brokers

Interactive Brokers is deep discount electronic access broker offering online trading of Stocks, Options, Futures, Forex, Bonds and quality executions.

MB Trading

MB Trading is a direct access brokerage firm that develops and markets sophisticated yet simple direct access trading technology to online traders.

Merrill Lynch Online

Merrill Edge is a new Merrill Lynch online discount brokerage providing financial advice and investment banking services, which is now owned by BOA.

OptionsHouse

OptionsHouse Brokerage is an online broker focusing on stock options trading featuring a professional grade platform and low fees and commissions.

optionsXpress

With optionsXpress you can trade stocks, options, and futures in one account. Take advantage of free education, powerful tools and excellent service.

Scott Trade

Invest with Scott Trade to access robust trading tools & market research. No maintenance or inactivity fees for easy online trading and investing.

Share Builder

Share Builder takes online stock trading to a new level thanks to a wealth of tools, research and knowledge. Great for long-term investment plans.

TDAmeritrade

TDAmeritrade online broker services include online stock trading, online investing and retirement planning to help you pursue your investment goals.

TradeKing

TradeKing is an online broker providing tools and research for online trading of stocks, options, bonds and more. Best site usability among brokers.

Vanguard Brokerage

Vanguard brokerage-investment company can help you invest, keep your costs low, and focus on what matters most to your long-term financial success.

Zecco Trading

Zecco Trading is an online stock broker that offers low cost stock trading, discount options pricing and a powerful and easy-to-use trading platform.