Pay-Per-Share Brokers – Top Online Online Trading Brokerages 2013
While many brokers charge commissions on per-trade basis, some brokers charge on per-share traded. If you usually trade in high value stocks then you should consider brokers who charge on per share basis. Also, the beginners who are not going to execute trades no more than 1000 shares at a time,it is advised to use a per-share broker to minimize the commissions. Doing so should ideally cut down your expenses as transaction fee for whole trade will be less when compared to per trade basis. In general, the per-share brokers charge around $0.0075 per share. This is beneficial for those who do not trade a large number of shares in a single order. Below, you can find our list of select brokerages that charge commission on per share basis.
What to look when choosing a pay-per share broker?
When opting for a pay per share broker, the commissions rate largely depends on the level of service offered. Choosing a right broker is equally important as it is to prioritize your investment requirements and maximizing profits. Usually, online brokers charge numerous types of fees on your trades along with the base commissions. So, you should read the fine-print of the fee structure before opening up a brokerage account.
- #1 Discount Brokers - Barron's 2013 Survey
- Low stock commissions for orders with 1,000 shares or less
- Professional trading platform
- Access to many international markets
- Stocks Trading Fee: $0.00
- Options Trading Base Fee: $0.00
- Per Contract Options Fee: $0.70
- Ranked best by Barron's 2013 for Frequent Traders
- Direct market access for equity, options, futures, and forex trading.
- Extensive online community of traders
- Stocks Trading Fee: $9.99
- Options Trading Base Fee: $0.00
- Per Contract Options Fee: $1.00
- Cheapest broker for frequent traders
- Social networking community for Lightspeed customers
- Direct access to ECN’s and exchanges
- Free practice account
- Automated trading
- Stocks Trading Fee: $4.50
- Options Trading Base Fee: $0.00
- Per Contract Options Fee: $0.60
- Trade unlimited shares of stocks for $4.95 per trade.
- Offers flat per contract options trades with no base fees.
- 24-hour customer service
- FOREX trading available
- Stocks Trading Fee: $4.95
- Options Trading Base Fee: $0.00
- Per Contract Options Fee: $0.95
Top Brokers for Pay-per-share
Interactive Brokers
- Low stock commissions for orders with 1,000 shares or less
- Professional trading platform
- Great margin rates
- Access to many markets
MB Trading
- Excellent trading tools
- Great customer service
- No maintenance, inactivity or hidden fees
TradeStation
- Great direct-access platform
- Rich selection of investment products
- Active online user community
Popular Brokerage Offers
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