What Are Some Online Stock Brokers That Offer Cheap Trades?


Quick Answer

Some online stock brokers that offer inexpensive trading include OptionsHouse, TradeKing, Merrill Lynch and SogoTrade. As of 2015, these companies provide some of the lowest stock trading rates available in the market, which are lower than the average $7 per trade, notes TopTenREVIEWS.

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Full Answer

OptionsHouse earned the Gold Award with an overall rating 9.65 out of 10, according to the 2015 online stock trading review at TopTenREVIEWS. The rankings were based on several criteria, including fees and commissions, trading platform and research tools, investments offered, mobile access and customer support.

In terms of fees and commissions, OptionsHouse garnered a perfect score of 10. This company offers investors a $4.95 flat rate for all stocks with a base fee of $4.95 for options trading at $0.50 per contract. As of 2015, OptionsHouse charges $9.95 for 10 options trade.

TradeKing received the Silver Award with an overall rating of 9.38. Like OptionsHouse, TradeKing also offers a stock trading rate of $4.95, alongside a base fee of $4.95 for options trading at $0.65 per contract, states TopTenREVIEWS. The cost for 10 options trade at TradeKing is higher compared to OptionsHouse at $11.45.

Merrill Lynch and SogoTrade also offers stock trading prices below the average at $6.95 and $5, respectively. The base fee for options trading at Merrill Lynch costs $6.95 at $0.75 per contract, while SogoTrade charges an options base fee of $5 at $0.50 per contract.

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