| Occasional Trader's*
|Merrill Edge ***||$28.90|
|Average (16 brokers)||$63.45|
| Frequent Trader's**
|Average (16 brokers)||$1,905|
All costs assume customer has a minimum of $100,000 in assets with broker. *Occasional Trader: 6 stock and 2 options trades per month.**Frequent Trader: 100 stocks and 100 options trades plus $30,000 in margin debt. ***Assumes customer qualifies for 100 free stocks trades per month. If not, occasional fee is $70.60 per month and frequent fee is $2,238/month. ****Due to low trading volume, client would have to pay the monthly platform fee.
Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable. Information based on Barron's The Best Online Brokers Ranking "Online Investors' No. 1 Fear? Mobile Security" - March 21, 2016. Barron's is a registered trademark of Dow Jones & Company, Inc.
Fixed rate plans typically charge a single flat rate per share or contract that includes all commissions and all exchange, regulatory and other third-party fees.
Tiered plans typically charge our low broker commissions, which decrease based on volume, plus exchange, regulatory, and clearing fees. In cases where an exchange provides a rebate, we pass some or all of the savings directly back to you.
Interactive Brokers uses internationally recognized benchmarks on overnight deposits as a basis for determining interest rates. We then apply a spread around the benchmark interest rate ("BM") in tiers, where larger cash balances receive increasingly better rates, to determine effective rates on:
Open an Individual account with as little as USD 10,000 or USD equivalent. For complete details about required minimums, see our Required Minimums page.
For complete details on cancel/modify fees, trade busts/adjustments and other fees, see our Other Fees page.