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Remember new brokers are continuously emerging in the market place and the terms below are also continuously being modified and changed. I'm not endorsing any of them, these are NOT affiliated links and I don't have vested interest on who you choose. This is merely to help you choose a broker that may suit your needs.

ALLY INVEST-

  • $0 Per Trade
  • .50C option/contract
  • Self Directed & Managed Portfolio option
  • No Walk-in Branches
  • High interest rates on savings
  • No minimum for self directed
  • $100 minimum for managed portfolio
  • Automated investing 

MERRILL LYNCH/EDGE

  • $0 Per Trade
  • Self Directed & Managed Portfolio option
  • .65C option/contract
  • Active/professional trading platform available
  • Extension of BOFA-offers perks for BOFA customers 
  • APP functionality is not all there but getting there. 
  • Great customer service
  • CONS:  No chat service, you have to call them! 
  • They have “Market Pro”, advance trading portal, but their representative know very little about its features and they won’t let you talk to tech. team but they play middle man-frustrating!

TD AMERITRADE

  • $0 Per Trade
  • $TOS – THINK OR SWIM- CUTTING EDGE HIGH QUALITY TRADING PLATFORM. HARD TO UNDERSTAND FOR BEGINNERS.  
  • CUSTOMER SERVICE NOT THAT GREAT-LONG WAIT ON CHAT SESSIONS BEFORE YOU GET YOUR QUESTIONS ANSWERED.
  •  GREAT FOR OPTION TRADING
  • Bought by “CHARLES SCHWAB”, what will happen to TOS???

E-TRADE

  • $0 Per Trade
  •  
  • $500 ACCOUNT MINIMUM
  • TIERED COMMISSION STRUCTURE, HIGH TRADERS GET CHARGED LOWER COMMISSION.
  • GREAT CUSTOMER SERVICE

CHARLES SCHWAB

  • $0 Per Trade
  •  
  • OPTION TRADE ONLY $4.95 + .65C PER CONTRACT
  • CHARGES YOU TO CLOSE ACCOUNT-$50
  • 24/7 PHONE SUPPORT/LIVE CHAT & BRANCHES
  • OFFERS TRADING PLATFORM FOR DOWNLOAD AS WELL AS CLOUD BASE

INTERACTIVE BROKERS

  • $0/PER TRADE
  • $0 MINIMUM
  • MISSING SECURITIES TO TRADE.
  • WATCH OUT FOR SLIPPAGE.
  • $75 TO TRANSFER OUT
  • LACKING RESEARCH INFORMATION.
  • IDEAL FOR OPTION TRADING
  • PORTAL SUITED FOR ADVANCE TRADER WITH LITTLE HELP.

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