Stock Broker Review: Scottrade

(*) IMPORTANT: TD Ameritrade acquired and absorbed Scottrade in 2017

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Introduction to Scotttrade

Scottrade was founded in 1980 and now has a network of more than 500 branch offices. Their online services include three different trading platforms: Scottrade Elite, Scottrade, and OptionsFirst. Scottrade offers more than 1,000 no-transaction-fee mutual funds, plus 10,000 load and no-load funds. They also offer IRAs, Bonds, and CDs.

🏢 ScotTrade Corporate, P.O. Box 31759, Saint Louis / MO 63131

Brokerage Services include:

• Stocks, Mutual Funds, Options, ETFs, Bonds, IRAs, CDs, OTC markets, ESAs, and Treasuries

 Scottrade Commissions:

1) Stock Trading

Online stock trading costs $7.0 / trade, no matter how many shares are traded. If the share price is worth less than $1, then a 5% fee based on the principal value is added.

$27 for trading executable by specialized brokers

2) Options Trading

$7 plus an additional $1.25 charge per option contract.

Read more: Scottrade Review

Stock Broker Review: ShareBuilder

(*) IMPORTANT: SHAREBUILDER HAS MOVED TO SHAREBUILDER401K.COM

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Introduction to ShareBuilder

ShareBuilder was founded in 1996 and is a service offered by ING DIRECT Investing, Inc., an affiliate of ING Bank. ShareBuilder offers a wide variety of trading assets.

🏢 Seattle, WA, United States

Brokerage Services include:

ShareBuilder offers trading on Stocks, options contracts, Mutual Funds, and ETFs.

Available ShareBuilder Account Types:

Sharebuilder is offering the following types of accounts:

1) Individual Account

2) Rollover IRA Account

3) Joint Account (2 persons)

4) Roth or Conversion IRA

5) Custodial Account to benefit a minor.

6) ShareBuilder Education Savings Account (ESA)

Read more: ShareBuilder Review

Stock Broker Review: OptionsHouse

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IMPORTANT: IN 2016, OPTIONSHOUSE WAS ACQUIRED AND ABSORBED BY ETRADE, FOR $725 MILLION

Introduction to OptionsHouse

OptionsHouse, LLC is an online stock and options broker founded in 2005 by Peak6 Investments. The broker’s customer support includes email, phone support, and live chat. OptionsHouse also offers virtual trading, no maintenance or IRA fees, and an online trading community.

🏢 OptionsHouse, LLC. PO BOX 812 / Chicago / IL 60690

Brokerage Services:

• OptionsHouse services include Stocks, Options Contracts, and Mutual Funds trading.

OptionsHouse Fees & Commissions:

(1) Stock Trading

OptionsHouse Online Stocks trading starts at $3.95. If a stock is worth under $2.00, there is an additional fee of $.005 per share.

(2) Options Trading

Options Trading fees are following two plans:

i) $5 for up to 5 contracts, plus $1 fee per contract for over 5 contracts

ii) $8.50 base rate with an additional $0.15 per contract fee

(3) Mutual Funds

Mutual fund trading at OptionsHouse starts from $9.95

Read more: OptionsHouse Review