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Discount Brokerage Center
Discount Brokerage Comparison
Table
| Brokerage Comparison |
 |
AmEx
|
Datek
|
FOLIOfn
|
NDB
|
ScoTTrade
|
| Account Minimum Information |
| Cash Account |
No minimum |
No minimum |
No minimum |
No minimum |
$500 |
| Margin Account |
$2,000 |
$2,000 |
N/A |
$2,000 |
$2,000 |
| Retirement Account (IRA) |
No minimum |
$500 |
No minimum |
No minimum |
No minimum |
| Commission Schedule |
| Online Trades |
| Market Order |
Varies by account balance:
($0 - $14.95) |
$9.99 |
Window orders free. Immediate market orders $14.95 per stock |
$14.75 |
$7.00 |
| Limit Order |
Varies by account balance:
($0 - $14.95) |
$9.99 |
N/A |
$19.75 |
$12.00 |
| Touchtone Phone Trades |
| Market Order |
$19.95 |
N/A |
N/A |
$19.95 |
$12.00 |
| Limit Order |
$19.95 |
N/A |
N/A |
$22.95 |
$17.00 |
| Broker Assisted Trades |
| Market Order |
$44.95 |
$25.00 |
$45.00 |
$24.95 |
$17.00 |
| Limit Order |
$44.95 |
$25.00 |
N/A |
$27.95 |
$22.00 |
| Fee Schedule |
| Account Maintenance Fees |
None |
None |
$295/year or $29.95/month |
None |
None |
| Account Transfer Fees |
$50 transfer out |
None |
$50 transfer out |
None |
$25 transfer out |
| IRA Custodian Fees |
$29/year with balance less than $25,000 |
None |
None |
$35/year with balance less than $10,000 |
None |
| Inactivity Fees |
$12.50/quarter |
None |
None |
None |
None |
| Extras |
| Compatible with Quicken/MS Money |
No |
Quicken only |
No |
No |
No |
| ATM and Checking |
Yes |
Checking only |
Yes |
Yes |
No |
| Local Offices |
No |
No |
No |
No |
Yes |
| Dividend Reinvestment |
Yes |
No |
Yes |
Yes |
No |
| More Details |
More Details |
More Details |
More Details |
More Details |
More Details |
| Opening an Account |
Open Account Now! |
Open Account Now! |
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Open Account Now! |
| Fool Disclosure |
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