Option Investor

Online Brokers


OptionsHouse 
Open Account
OptionsXpress
Open Account
TD Waterhouse
Open Account
E*TRADE
Open Account
 Account Minimum Information
Cash Account
$1,000
No Minimum
$1,000
$2,000
$1,000
Margin Account
$2,000
$2,000
$1,000
$2,000
$2,000
Retirement Account (IRA)
No Minimum
No Minimum
$1,000
$2,000
No Minimum
 Commission Schedule -- Online Trades
Market Order (Stock)
$9.95 (flat rate) + $0 per share
As low as $9.95
As low as $9.95 (for 2,500 shares)
$.0099/share ($9.90 minimum)
As low as $6.99
Limit Order (Stock)
$9.95 (flat rate) + $0 per share
No extra charge
$3 fee
$.0099/share ($9.90 minimum)
As low as $6.99
Option Contract
$9.95 (flat rate) + $0 per contract
$1.50/contract
As low as $9.95 + $1.25/contract
$.99/contract ($9.90 minimum)
As low as $6.99 + $0.75/contract
 Commission Schedule -- Broker Assisted Trades
Market Order (Stock)
$9.95 (flat rate) + $0 per share
As low as $9.95
$45
$.015/share ($19.50 minimum)
As low as $6.99
Limit Order (Stock)
$9.95 (flat rate) + $0 per share
No extra charge
$3 fee
$.015/share ($19.50 minimum)
As low as $6.99
Option Contract
$9.95 (flat rate) + $0 per contract
$1.50/contract
$45 + $1.75/contract
$1.95/contract ($19.50 minimum)
As low as $6.99 + $0.75/contract
 Fee Schedule
Maintenance Fees
None
None
$25/quarter
$30/year inactivity fee
$40/quarter inactivity fee
Transfer Fees
None
None
$50
$25 outgoing
$25 partial/$60 full
IRA Custodian Fees
None
None
$25/year
$45
$25/year
 Extras
Compatible with Quicken/MS Money
Yes
Yes
No
Yes
Yes
Local Offices
No
No
Yes
No
Yes
Dividend Reinvestment
Yes
Yes
Yes
No
Yes
More Details
Opening an Account