Reviews (15)
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$2,500 in cash with the deposit of $1,000,000 in new assets. $3,500 in cash with the deposit of $2,000,000 in new assets. Active traders with over $1,000,000 or $2,000,000 in assets should regularly ask for annual bonuses.
| $0 online or interactive voice response (plus $25 if broker assisted). Over-the-counter equity trades involve an additional $6.95 fee. Significant additional extended hours charges apply. ETrade also charges its own ADR fees (above any fees charged by the ADR custodian) and charges a $38 reorganization fee. Learn more about ETrade's fees here.
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Option Rate: Standard trade commission rate + $.65/contract ($19.99 for exercise or assignment)
Margin Interest Rate: 8.95% on all balances under $10,000. Larger balances have a slightly slower rate. 5.45% on balances of $1 million or more.
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4.25% APY if you open an Premium Savings account with Morgan Stanley that can now be attached to your ETrade account.
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Reviews (10)
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TD Ameritrade regularly offers $2,500 on deposits of $2 million or more. They previously offered $800 in Apple gift cards with the deposit of $300,000 in new assets.
| $0 online ($5 for voice response and $25 if broker assisted). No additional extended hours charges. TD Ameritrade charges an additional $6.95 for over-the-counter issues. It also has been known to charge so-called "regulatory fees" associated with each transaction ranging from $5 to $15 for initiating a transaction.
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Option Rate: Standard trade commission rate + $0.65/contract ($19.99 for exercise or assignment)
Margin Interest Rate: 9.5% on balances under $10,000. (graduates to 7.50% on balances over $250,000)
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0.00% APY on all balances.
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Reviews (7)
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N/A. Fidelity has offered airline miles on Delta, United and American to attract new customers in the past.
| $o for online trade. An additional fee of $25 is charged for broker assistance (depending on number of trades and household assets). No additional fees are charged for extended hours trades. It is possible to trade foreign equities if you can find a broker who knows how to do it, but rates will be as high as 3% (this is really a service for financial institutions that pay as low as $4.90). Fidelity, like Schwab, charges significant fees for buying mutual funds, except the ones that they themselves offer which have high carrying charges
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Option Rate: Standard trade commission rate + $0.65 per contract. (Exercise or assignment charged at standard brokerage commission)
Margin Interest Rate: 8.325% under $25,000. Rate is lower for larger balances. 4.00% over $1 MM.
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0
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Reviews (10)
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No promotions.
| $0 for online equity trades. An additional $5 for interactive voice response and $25 if broker assisted. Schwab charges significant fees for trades in mutual funds (except Schwab's own funds that may carry significant management fees), including online ETFs. This is where they get most of their customers into their own products or charge them huge commissions.
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Option Rate: Standard trade commission rate plus $0.65/contract. Standard trade commission rate applies to execution and assignment.
Margin Interest Rate: 8.325% for balances under $25,000. Graduates slightly lower for larger balances.
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Balances can be swept to a money market fund earning only 0.28%.
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Reviews (10)
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$3,000 for deposits of $2 MM or more.
| $0 for US listed equity and no-load mutual fund transactions.
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Option Rate: $0.50/contract.
Margin Interest Rate: 9% on balances below $25,000. Rate for larger margin balances declines. 6% on all balances over $1 MM. Learn more here. |
0. However, you may move up to $250,000 instantly from on Ally Bank account to Ally Invest each day.
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Reviews (7)
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Never a promotion. Interactive Brokers is differentiated in that it is the only recognized US-based online broker that allows access to foreign currencies and foreign equity markets. Due to this feature and lower margin rates, they never offer promotions.
| Equity commissions for everything other than IBKR Lite work according to a tiered structure but are never more than 1% for US listed equities. Equity commissions on non-US listed issues may actually by higher (such as for Norwegian listed stocks). Interactive Brokers complete commission structure on equities is listed here.
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Option Rate: Pricing is a tiered structure according to trades per month. More active traders will pay as little as $0.25 per US contract, but others will pay $0.50 or $0.65.
Margin Interest Rate: Interactive Brokers charges the benchmark rate plus 1.50% on margin under $100,000.
It charges the benchmark rate plus 1% on margin between $100,000 and $1 MM.
It charges the benchmark rate plus 0.5% on margin above $1 MM.
Margin rates in IBKR Lite are much higher.
Learn more here.
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1.83% on USD deposits, but Interactive Brokers is charges negative interest margin to hold cash in currencies where the interest rate is below the US benchmark rate (basically the Japanese Yen and every European currency).
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Reviews (2)
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Receive up to $600 with a qualifying account over $200,000.
| $0 equity trades, plus $29.95 if broker assisted.
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Option Rate: 0.65%
Margin Interest Rate: 8.625% for margin less than $25,000. 7.50% for margin over $25,000.
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0
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Reviews (2)
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No promotions.
| $0. $25 for broker-assisted trades. $20 for mutual funds. Foreign stocks and OTC stocks cannot be accessed.
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Option Rate: $0.65 per option contract.
Margin Interest Rate: Not clear if margin lending is even available through the online product.
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$0, but can be connected to your other accounts at Chase.
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Reviews (1)
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No promotions, unless you are younger than 12.
| $0.
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Option Rate: Not fully disclosed (at this point you should be wondering whether you want to be trading with these folks).
Margin Interest Rate: This is also not fully disclosed in their literature, although they will also sell you crypto and gold at very high margin. Seriously, find a broker that also works with adults and doesn't recklessly go out to cause children to kill themselves.
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0.30%
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