Any online brokers that don't have fees for low balance/activity?

Discussion in 'Retail Brokers' started by interdigital, Dec 24, 2007.

  1. My parents want to do some trading with a few thousand dollars. I know that a lot of brokers will charge a monthly or quarterly fee if your account value is less than a certain amount, or if you place less than a certain amount of trades. Are there any online brokers that do not have such fees?
  2. MB Trading
  3. Ameritrade or MB
  4. MB offers a money market sweep on cash balances, as well as significantly cheaper commissions than most mainstream brokers, such as Scottrade, Ameritrade, etc.
  5. rickf


    I dont think OXPS does
  6. Schaefer


    I'm assuming stocks, then it's Scottrade.

  7. I've had an account at Scottrade for about 8 years. I haven't placed a trade in about 5 years - I've got less than $10 in the account. It's still open (and I've never been charged anything), and every once in a while I'll login to browse the DowJones news feeds (not like the $95 DJN, but ok).

    If I were interested in moderate web-based trading, I'd probably use them more. They are really good, and you've got to give them credit for turning down every offer to be bought out (and there have been plenty of offers!)
  8. who cares?
  9. Do MB or Scottrade offer free paper statements/confirmations?
  10. bawr


    Fidelity offers free paper statements and confirmations, charges no low balance or low activity fees, and places excess funds in a tax free money market fund.
    #10     Dec 26, 2007