Unlimited Trades for a Monthly Fee??

Discussion in 'Retail Brokers' started by bluud, Nov 25, 2006.

  1. bluud


    This might not sound so smart but I was wondering if there are any borkers that permit unlimited trades for a monthly fee (even if that monthly fee is very high)?

    How about for foreign stocks, any country?

    The two brokers I know who take comparably low commission for trades are; IB and SogoInvest (Sogo doesn't even have a trading software), but have no unlimited trading plan.
  2. Merrill Lynch was, I believe, the first i-bank to create "flat-fee" (based on % of assets) accounts in the 1990s. Nowadays, many i-banks and brokerage houses offer them. You'll typically need at least a 6-figure account, and there might be some (high) limits on the number of annual trades, after all.

    Here's one quick overview, hot off the press from Forbes: