Are you eager to start making money
online? You can start in stock market. At first, you need to choose
broker. If you have little or none experience in this field, you
definitely want try different services and to choose the best one.
Could you do if for free? About ten years ago you probably would have
killed a dozen of traders from laughter asking this question. But
time passes and progress does not stop. Lets ask this question today:
- So, is free stock trading possible?
- It's complicated!
Before we get the details, let's look
back and see when this opportunity appeared. In 2006 Zecco Trading
started to offer free trades. It changed industry pricing and gave
sweet opportunities to many investors.
No more free stock trading with Zecco
So we start our analysis from Zecco.
In 2011 this company canceled it's free plan and now you need to pay
$ 4.95 per trade. The pioneer of free stock trading changed it's
mind, maybe we can find someone else? Let's look.
Not realy free stock trading with E-TRADE Traditional IRA
E-Trade offers
60-day free trades and after that period you can use 150 trades for
$7.99. You could say, it's not free, but
it's pretty close one. It has good interface and service and
reasonable fees. If you can afford it, you should try.
One year free stock trading with WellsTrade from Wells Fargo
In this company you
can have 100 free trades per year if you choose to link your
WellsTrade account
to their PMA Package.
In that case you would have zero annual fee and 100 free trades for a
year. Next year you would pay $8.95 per trade.
Additionally there
is monthly service fee - $30, but on their site it says that you
should talk to your banker or learn about how you may qualify to
waive this monthly service fee if you maintain a minimum qualifying
balance. So it's not that bad.
Free stock trading with Merrill Edge
This company is a partner of The Bank of America and offers really free stock trading – 30 free
trades per month when you have a balance of
$25,000 in your Bank of America deposit accounts or cash in your
Merrill Edge self-directed accounts. Get $6.95 flat pricing without
any trade or balance requirements and no annual account fee.
Conclusions
If you still want to
get started with stock trading you should check out sites from this
comparison and carefully weight all pros and cons. If you can have
better user interface, customer support and whether they have, for a
reasonable fee – maybe it's worth it?
