Lowest Cost

Which Brokers Truly Discount Prices?

Barron's estimated a customer's monthly costs at each of the 19 brokers in the 2018 "Best Online Broker" ranking. Interactive Brokers was the best deal for both the occasional and frequent trader.

Occasional Trader's*
Monthly Costs
Interactive Brokers $20.00
tastyworks *** $25.00
eOption $27.00
Merrill Edge **** $28.90
Lightspeed Trading $29.94
Vanguard $76.00
Planner Securities $73.70
TD Ameritrade, E*Trade (tied) $68.60
AutoShares $54.60
Lightspeed Trading $52.60
Average (19 brokers) $47.39
Frequent Trader's**
Monthly Costs
Interactive Brokers $873.00
eOption $906.00
tastyworks *** $938.00
Just2Trade $1,169.00
Lightspeed Trading $1,200.00
Vanguard $2,581.00
TD Ameritrade $2,271.00
Planner Securities $2,076.00
AutoShares $1,926.00
E*Trade $1,878.00
Average (19 brokers) $1,639.00

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 stock and 100 options trades plus $30,000 in margin debt. *** Assumes half of trades are closing trades, which are free. **** Assumes customer qualifies for 100 free stock trades per month. If not, occasional fee is $70.60 per month and frequent fee is $2,328/month.

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 2018 Barron's Annual Best Online Brokers - “All Together Now”. - March 26, 2018. Barron's is a registered trademark of Dow Jones & Company, Inc.

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