Cheap Investing Sites

Post on: 16 Июнь, 2015 No Comment

Every investor and trader wants a cheap investing site to do their online trading. Just like nobody likes paying taxes, nobody likes paying expensive commissions when trading. Here are the cheapest investing sites out there so that you can make sure that youre getting a good deal when you trade.

Were going to strive to keep this list updated with the best deals in online brokerages, so make sure that you check back and make sure that you know where the cheap investing sites to make sure that you get the cheapest brokerage commissions. Plus, weve found some amazing deals and promo codes that you can use to make these cheap investing sites even cheaper!

Online Brokers With The Lowest Commissions:

OptionsHouse

OptionsHouse has positioned itself as a leader in the online brokerage space by consistently offering the lowest commissions out there. The pride themselves on speed and reliability, while offering extremely low priced investing.

Stock Trade: $3.95
$5 for 5 Contracts, or $8.50 + $0.15 per Contract

Weve also got some amazing promotions to make OptionsHouse an even better value. Right now, you can check out any of the following promo codes if you use this link: OptionsHouse Sign-Up. When you do, use these codes to save more:

100 Commission-Free Trades if you open an account with at least $5,000: FREE100
$100 Cash Credit if you move your stock, option, or mutual fund holding: ACAT100REFUND

Options Xpress

OptionsXpress is another online brokerage that is always vying for the top spot when it comes to being a cheap investing site. OptionsXpress was actually acquired by Charles Schwab, but they still maintain a focus on being a low priced online brokerage.

Stock Trade: $8.95 per trade
Options Trade: $1.25 per Contract
Futures Trade: $3.50 per Contract

Options Express runs various promotions all year long. Right now, they are offering 50 free trades if you sign up with this link: OptionsXpress Sign-Up. Check back often because they also offer free money for signing up o a regular basis.

Trade King

Trade Kings motto is Building a Better Online Broker, and theyre trying to do that by creating a great trading platform that also has low commissions. While they arent the cheapest investing site, they are very close, and they offer more services than OptionsHouse or Options Xpress. Trade King has the second lowest pricing for stock trades, and their options pricing is very competitive as well.

Stock Trade: $4.95 per trade
Options Trade: $4.95 base + $0.65 per contract (they also only charge one base per spread)

Right now, Trade King is offering $150 in transfer fee refunds if you move to Trade King from another broker. You dont have to enter any promotional codes the credit will be applied automatically after any transfer takes place.

Trade Monster

Trade Monster has been named the best online brokerage for options trading by Barrons magazine for the last 4 years. If youre looking for a cheap way to trade options, Trade Monster is probably the online broker for you.

Stock Trade: $7.50 per trade
Options Trade: $0.50 per Contract, $12.50 minimum ($15 minimum for spreads)
Futures Trade: $1.50 per Contract

Right now, if you open an account at Trade Monster using this link and promo code, you can trade commission free for 30 days:

Sharebuilder

Weve been fans of Sharebuilder for a long time, and last year it was bought by Captial One, but it still delivers exceptional value for the right investor. Sharebuilders value is in long term buy and hold investors, where it is still one of the cheapest investing sites out there. It doesnt cater to traders, but if you want to buy and hold for the long term, Sharebuilder is for you.

Stock Trades: $6.95 per Trade

ShareBuilder also offers an automatic investing plan for long-term investors, with commissions starting at $4 per trade, or 12 investments for $12

Options Trades: $6.95 Base + $0.65 per Contract

Right now, they are offering a free $100 promotion if you open an account and fund it with at least $5,000. You can open an account here to get the promotion: ShareBuilder $100 Promotion .

Scottrade

Scottrade was one of the original online discount brokers. They also pioneered the flat rate pricing structure that many of the other online brokers use today. Today, they are trying to differentiate themselves by setting up offices across the country and offering more personalized services, for the same low flat rate.

Stock Trades: $7 per Trade
Options Trades: $7 Base + $1.25 per Contract

As of today, Scottrade does not have any promotions running. However, check back often, and well keep you updated on the latest offers from Scottrade.

TD Ameritrade

TD Ameritrade isnt the absolute cheapest investing site, but it is the cheapest full service broker. Im a fan of TD Ameritrade because they run the trading platform ThinkorSwim, which is a must-have for options traders and anyone who wants amazing charts. If youre looking for just a little bit more than what the other companies on this list offer, then check out TD Ameritrade .

Stock Trades: $9.99 per Trade
Options Trades: $9.99 Base + $0.75 per Contract

Right now, TD Ameritrade is offering customers an amazing promotion if you Sign Up For TD Ameritrade. Here are the 4 choices currently available:

Open an Account with $2,000 and get 60 Days of Commission Free Trades
Open an Account with $25,000 or more, and get $100 plus 60 Days of Free Trades
Open an Account with $100,000 or more, and get $300 plus 60 Days of Free Trades
Open an Account with $250,000 or more, and get $600 plus 60 Days of Free Trades

Make sure you use this link: TD Ameritrade to get the promotional offers!

Motif Investing

Motif Investing is different from every company on this list because its not a traditional broker in the sense of the others. Instead, Motif Investing allows you to buy a motif or basket of stocks for a single, low priced commission. These baskets are up to 30 stocks for one low price, which makes Motif Investing one of the cheap investing sites out there.