Discount online brokers charging $0-$3 per trade. Brokerage firms with $2.95 stock trading commission in 2020.

Let's take a look at discount brokerage firms offering $0-$3 commissions on buying and selling securities (stocks and ETFs) in 2020:

Interactive Brokers

Interactive Brokers rating

Interactive Brokers' trading commissions are fantastic: $0.005 per share with $1 minimum for SMART routed orders. You have to keep in mind additional costs though: Interactive Brokers will charge $10 per month inactivity fee and $10 for market data if your trading commissions are less than $10 per month. Total inactivity fees could be as high as $240 per year ($360 for accounts with balances less than $2,000).

Read full Interactive Brokers Review.

Promotion link: Open account and get $200 for a friend you refer.

Lightspeed Trading

3-star brokerage firm rating

Lightspeed Trading is similar to Interactive Brokers but not as good in many ways. It offers a bunch of platforms with different and confusing pricing plans attached to each of them. The cheapest platform's cost is $0.0045 per share with $1 minimum. Minimum monthly commission for accounts under $5,000 is $25, otherwise $25 will be charged per month.

Read Lightspeed Trading Customer Reviews.


TradeStation rating

TradeStation offers one of the lowest commissions among discount online brokers: it charges just $0.01 per share for the first 500 shares, $0.006 per share thereafter, with $1 minimum per trade. With that rate all stock trades of up to 100 shares will cost you just $1!

Read full: TradeStation Review.


3-star brokerage firm rating

Sogotrade offers flat-rate $3 per trade commission for clients making 150+ trades per quarter. For stocks/ETF's priced under $1, the online commission is $3 plus 0.5% of the principal value. Extended hours trading is not available for SogoTrade accounts.

Read full Sogotrade Review.


Firstrade rating

Firstrade recently lowered its pricing to $0 (yes, zero) for stock and ETF trades. It's one of the highest rated brokers in this article and definitely worth a closer look.

Promotion link: $0 commissions + up to $200 in transfer fee rebates.

Read full Firstrade Review.


3-star brokerage firm rating

eOption offers flat-rate $3 per trade commission. Extended hours trading rate is $25 for up to 5,000 shares, $0.003 per share for over 5,000 shares. Customers are reporting multiple website bugs and customer service problems.

Read full eOption Review.