Best Stock Broker for Active Traders Comparison
We just looked at some of the best stock brokers for active traders. With all this information being thrown at us, how do we know which one is really best for us?
All these brokers offer cheap commissions as well as some alternate rate that can be chosen. The more serious, advanced, and frequent trader will find Interactive Brokers to be good, otherwise you will be better off with the other options.
Below is a chart the briefing summarizes the price structure and minimums you may need to fill:
|
Broker
|
Commissions
(stocks/options) |
Acct.
Minimum |
Best
For |
| thinkorswim | $9.95/stock trade (5000 shares max) or $.015/share (500 min) |
$500 | All active traders |
| MB Trading |
Direct: $.01 per share for first 500 shares and $.005 per share for unlimited additional shares ($1 min) Smart: $4.95 for up to 10,000 shares and $.005 for additional. | $1,000 | All active traders |
| Interactive Brokers |
varies/cheap | $10,000 | Advanced active |
If you would like a broker to be reviewed in our next batch, then leave a comment or use the contact form. Make sure there has already has not been a stock broker review for it.
For those looking to enter the stock market, also take a second to download my free guide to entering the stock market.