blogspot counter


Review of Online Discount Brokers With Less than $5 Per Trade

Posted by StocksNoob | Investment | Wednesday 3 November 2010 11:16 pm

The ultimate review of online discount brokers with price per trade less than $5.These are the cheapest online brokers out there and having used them at point or the other, I must say that all of them have an excellent customer service and a very user friendly trading platform.

Company/Broker

Price Per Trade

Barron’s Rating

StocksNewbie Rating

Open Account

Zecco $4.50 + 10 Free

3 Stars

9 out of 10

TradeKing $4.95 4 Stars 9.5 out of 10
Choice Trade $5.00 3.5 Stars 8.5 out of 10
Option House

$3.95

4 Stars

9.5 out of 10

For traders who do not have at least $25,000 in their account, I recommend that you open account with at least two of these brokers. That way, you do not have to worry about the limitation of “Day Trading” ( It is the buying and selling of stocks/options within the same trading day such that all positions are closed before the market closes that day). When you have more than one account, you can switch to a different broker before you hit your day-trading limitation.

1 Comment »

  1. Comment by Pro Nepal — July 17, 2011 @ 8:54 am

    I have opened an account with Zecco and TradeKing. I used to use Zecco a lot, but these days TradeKing is better if you want to buy options.

RSS feed for comments on this post. TrackBack URI

Leave a comment

Next Page »