List Of Broker-Assisted Trading Fees

List of broker-assisted trading fees charged by major discount online stock brokers. Which brokerage firm has the lowest broker-assisted trading: Merrill Edge, Charles Schwab, Fidelity, Etrade, TD Ameritrade, Scottrade, CapitalOne Investing, Ally Invest, Optionshouse, Wellstrade/Wells Fargo, Interactive Brokers, and TradeStation.

Every discount brokerage firm charges a different price for its services. Today's average price for an online security trade placed by investors through a discount broker's trading platform is less than $10. Unlike online trading, broker-assisted trading requires assistance of an actual trading expert and therefore has a higher cost.

There are not as many firms nowadays that do not charge broker-assisted trades. In fact, OptionsXpress and MB Trading (which is now a part of Ally Invest) are the only two brokerage firms today with no fees for broker-assisted trading. Optionshouse used to belong to this list in the past too, but the company recently set a $25 fee.

While some brokers have one fee for broker-assisted trading of any security, other brokers have a different broker-assisted fee for trading different securities. Also, some brokerage firms add up a broker-assisted fee on top of online trading commissions.

Here is a list of fees for broker-assisted trading charged by the leading discount brokerage firms.

Brokerage Firm Broker-Assisted Trading Online Trading Fees
Capital One Investing Review
3-star brokerage firm rating
$19.95
  • Stocks/ETFs: $6.95
  • Options: $6.95 + $0.75 per contract
  • Mutual Funds: $19.95
Charles Schwab
4-star brokerage firm rating
Online trading commissions + $25
  • Stocks/ETFs: $6.95
  • Options: $6.95 + $0.70 per contract
  • Mutual Funds: $76 to buy, $0 to sell
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ChoiceTrade
4-star brokerage firm rating
$25
  • Stocks: $5
  • Options: $5 + $0.15 per contract
Etrade
Etrade brokerage firm rating
$25
  • Stocks/ETFs: $6.95
  • Options: $6.95 + $0.75 per contract
  • Mutual Funds: $19.99
Fidelity Investments
3-star brokerage firm rating
$32.95
  • Stocks & ETFs: $4.95
  • Options: $4.95 + $0.65 per contract
  • Mutual Funds: $49.95
Firstrade
3-star brokerage firm rating
$19.95
  • Stocks & ETFs: $4.95
  • Options: $4.95 + $0.65 per contract
  • Mutual Funds: $49.95
MB Trading
Offered by Ally Invest MB Trading rating
$35 per trade + Commission. Broker Assisted Activity fee waived for technology issues originating with MB Trading.
  • Stocks/ETFs: $4.95 or $3.95 for high net worth or active traders
  • Options: $4.95 + $0.65 per contract or $3.95 + $0.50 per contract for high net worth or active traders
  • Mutual Funds: $9.95
Merrill Edge
3.5-star brokerage firm rating
$29.95
  • Stocks/ETFs: $6.95
  • Options: $6.95 + $0.75 per contract
  • Mutual Funds: $19.99
Motif Investing
Motif Investing reating
$45
  • Motif (up to 30 Stocks/ETFs) $9.95 per trade
  • Stocks/ETFs within Motif: $4.95 per stock/ETF
  • Stocks/ETFs outside Motif: $4.95 per stock/ETF
Optionshouse
Optionshouse brokerage firm rating
$25
  • Stocks/ETFs: $4.95
  • Options: $4.95 + $0.50 per contract
  • Mutual Funds: $20
Optionsxpress
Offered by Charles Schwab OptionsXpress brokerage firm rating
$0
  • Stocks/ETFs: $8.95
  • Options: $14.95 (up to 10 contracts), $1.50/contract thereafter
  • Mutual Funds: $9.95
Scottrade
Scottrade brokerage firm rating
$32
  • Stocks/ETFs: $6.95
  • Options: $6.95 + $0.70 per contract
  • Mutual Funds: $17
TD Ameritrade
4.5-star brokerage firm rating
$44.99
  • Stocks/ETFs: $6.95
  • Options: $6.95 + $0.75 per contract
  • Mutual Funds: $49.99
thinkorswim
Offered by TD Ameritrade4-star brokerage firm rating
$44.99
  • Stocks/ETFs: $6.95
  • Options: $6.95 + $0.75 per contract
  • Mutual Funds: $49.99
Ally Invest Review
TradeKing brokerage firm rating
$20
  • Stocks/ETFs: $4.95 or $3.95 for high net worth or active traders
  • Options: $4.95 + $0.65 per contract or $3.95 + $0.50 per contract for high net worth or active traders
  • Mutual Funds: $9.95
TradeStation
4-star brokerage firm rating
$50
  • Stocks/ETFs: $5 per trade
  • Options: $5. + $0.50
  • Mutual Funds: $14.95
USAA Investments
3-star brokerage firm rating
Stocks $50 and an additional $0.005 per share is charged for each share over 1,000. Options $25 + $0.75 per contract. No-Load Transaction Fee Funds $45 transaction fee, Bonds $45
  • Stocks/ETFs: $5.95 - $8.95
  • Options: $5.95 or $8.95 + $0.75 per contract
  • Mutual Funds: $45.00
WellsTrade
WellsTrade brokerage firm rating
$25 + online trading commission
  • Stocks/ETFs: $8.95, $6.95 (PMA)
  • Options: $9.95 + $1 per contract
  • Mutual Funds: $35

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