QandAs: Finance

Does it Cost Money to Trade Stocks?

Answer:
Yes, it cost money to trade

stocks. However, individual investors have several choices when it comes to discount brokers. Here are just a few:

Charles Schwab

Charles Schwab is one of the most famous online discount brokers. They charge $12.95 per trade for orders of less than 1,000 shares. (No maintenance fee is required.) They also provide Dow Jones information free of charge if you have an account with them.

E*TRADE If you execute more than 500 stock or options trades per month, you’ll qualify for a $6.99 commission. Executing 10-49 stock or options trades per month or maintaining a balance of more than $50,000 in E*TRADE accounts, you’ll qualify for a $9.99 commission for stock and options. (Additional fees apply.)

TD Ameritrade
TD Ameritrade waives commission on trades for the first 30 days. After this period, commissions are $9.99 per trade. (There is a $2,000 minimum to open non-IRA accounts and a $1,000 minimum to open IRA accounts.) For $30 a month, you’ll be able to receive real time news from Dow Jones.