Interactive Brokers Options Commissions - Top 2 Cheapest Online Discount Brokerage Accounts

Feb. 13, 2011 - PRLog -- Interactive Brokers Options Commissions

The online discount brokerage landscape is changing every year. Last year winner with $2.50 per trade may not be a winner for this year. Some other things to consider online brokerages are paper-based trade confirmation fee, monthly statement fee, wire transfer fee etc. Some investors or traders can avoid these fees by changing his or her account's settings; some may need to contact the brokerage customer service for help.

With the 2009 bull market, investors are trying to get back into the market by finding more reliable investment research and new full brokerage services. Online discount brokers are now trying to lure any investor or active traders for new business by reducing their pricing or commission fees. For example, Charles Schwab slashed commissions by more than 30%, to $8.95 a trade earlier this year. Its competitor, Fidelity, which just a year ago charged about $19.95 for a single trade, quickly undercut Schwab with $7.95 commission per trade.

The online discount industry has taken its price wars to other product lines as well. Schwab cut fees on certain stock and bond funds offering, and even offered free trades for 11 exchange-traded funds (ETFs). Fidelity has countered by offering free trades on 25 ishares ETFs.

Of course, commissions have been falling and falling, and a few firms have provided free trades, with certain restrictions such as Zecco, Wells Trade and Merrill Edge. Yet it's been several years since there was this much movement. It remains to be seen whether these new reduced pricing tactics will ultimately drive up business, the discount industry is already making some full-service firms nervous. Get Internet #1 - Interactive Brokers Options Commissions @ http://tradingcure01.webs.com and be Successful forever!

The following is the current top 5 online discount brokerages:

1. Lightspeed Trading

Lightspeed is one of the cheapest discount brokerage. With recently acquisition of Noble Trading, Lightspeed has offered a new Web Based Trading service also known as Lightspeed Web Trader. The minimum balance to open an account is only $1,000 for cash account and $2,000 for margin account. Lightspeed is well known by active trader or day trader with their fast execution through their Lightspeed Trader software platform. Investors or traders can buy or sell stock, etf, option, forex and future for trading. To trade stock, you only pay for $0.00395 per shares with $0.40 per 100 shares. The minimum is $0.40 per trade. For Option, there is no ticket fee to buy option; it only cost $0.50 per option contract. If you use Lightspeed Trader which is software based platform, the minimum balance requirement will be $10,000 per account.

2. Interactive Brokers

Interactive Brokers (IB) is another discount brokerage well known to active traders. Trader can buy and sell stocks, etfs, options, mutual funds, forex and future. IB also offers a low commission brokerage. To buy stock, it only cost $0.005 per share with $1.00 minimum per trade and a maximum of 0.5% of trade value. The fees structure is made to lower the commission fees for penny stock trader (i.e. less than $5.00 shares). Similar to Lightspeed, there is no ticket fee to buy option; it only cost $0.70 per option contract. The minimum balance to open an account is $10,000. Get Internet #1 - Interactive Brokers Options Commissions @ http://tradingcure01.webs.com and be Successful forever!

# # #

Always dream of being Rich? Never able to make a Consistent Profit through trading?
Get Internet #1 - Interactive Brokers Options Commissions @ http://tradingcure01.webs.com and be Successful forever!