STOCKS & ETF's Choose between “Per Share” and “Per Trade”
  • Per Share1
  • Per Trade2
  • Trades/Month
    • OR
      $.009 per share up to 500 shares
      $.005 per share thereafter
    • $6.95
    • 1 to 249
    • $1 minimum RealTick/RealTick Express $2 minimum.
      Negotiated rates welcome, as low as $.001/Share.
    • $5.95
      $4.95
      $3.95
      $2.95
    • 250 to 499
      500 to 999
      1000 to 1999
      2000+
OPTIONS
    • $.75 per contract plus $2 per ticket
    • Negotiated rates welcome, as low as $.35/contract.
  • A quarterly inactivity fee of $30.00 is charged for clients who execute less than 15 trades every three months.
  • Rates will convert to our standard schedule below 3 months from the account opening date.
  1. Per-Share stock commissions, under certain circumstances, may be lower and more suitable to certain traders who execute smaller share size orders and can be especially advantageous to active individual as well as professional traders. They may provide the highest level of flexibility and speed in scaling in and out of positions.
  2. Per Trade Stock commissions, under certain circumstances, may be lower and more suitable to certain traders who execute larger share size orders and can be especially advantageous for traders who require the highest level of flexibility in execution costs.

Compare Online Brokers

  Scottrade Etrade Fidelity OptionsXpress Think or Swim Schwab TD Ameritrade
Stocks
Per Ticket
  $2.95 to $6.95* $7.00 $9.99 $7.95 $8.95 $9.99 $8.95 $9.99
Per-Share
100 shares = $2.00* $7.00 $9.99 $7.95 $8.95 $9.99 $8.95 $9.99
500 shares = $4.50* $7.00 $9.99 $7.95 $8.95 $9.99 $8.95 $9.99
1000 shares = $7.00* $7.00 $9.99 $7.95 $8.95 $9.99 $8.95 $9.99
Options
1 contract = $2.75* $8.25 $10.74 $8.70 $14.95 $10.74 $9.70 $10.74
10 contracts = $9.50* $18.25 $17.49 $15.45 $15.00 $17.49 $16.45 $17.49
20 contracts = $17.00* $32.00 $24.99 $22.95 $30.00 $24.99 $23.95 $24.99
Futures
E-Minis plus exchange fees $1.09 to $1.49* Not Offered $2.99 Not Offered $6.99 $3.50 incl. exchange fees Not Offered $3.50 incl. exchange fees
Extra Fee for Broker Assisted No Extra Charge* $27 $25.00 $32.95 No Extra Charge $44.99 $25.00 $44.99
*Our Best Rate. Active traders who execute enough trades to have our trading platform fees (click for details) waived, may pay lower total fees. If you do not execute enough trades to have the fees waived, your total monthly fees may be greater than the competitors listed.
  1. $6.99 per trade over 1,500 trades per quarter) Options are 7.99 plus .75 per contract for those who place 150+ trades per quarter.
  2. E*Trade pricing for flat-fee equities trades based on $7.99 per trade for those who place 150+ trades per quarter, or $9.99 per trade for those who place fewer than 150 trades per quarter.
  3. Fidelity pricing for flat-fee equities trades based on $7.95 per trade for all trades. Commissions may vary based on actual trading activity and/or account balance.
  4. OptionsXpress pricing for flat-fee equities trades based on $9.95 per trade, or $0.01/share over 1000. Commissions may vary based on actual trading activity and/or account balance. (Active trader options rates is 12.95 flat 1-10 contracts 1.25 per contract 10+)
  5. thinkorswim pricing for flat-fee equities trades based on $9.99 for all trades. Commissions may vary based on actual trading activity and/or account balance.
  6. Schwab pricing for flat-fee equities trades based on $8.95 per trade for all trades. Commissions may vary based on actual trading activity and/or account balance.
  7. TD Ameritrade pricing for flat-fee equities trades based on $9.99 per trade for all trades. Commissions may vary based on actual trading activity and/or account balance.

Disclosure: The competitive information provided here was verified as of 8/7/2013. Some of the above firms may offer reduced commissions or waive fees, including but not limited to inactivity or maintenance fees if certain account activity and/or account balance criteria are met, and may offer products or services Mastertrader.com does not offer. Some of the above firms may offer different or additional services.

ECN and other order routing fees additional. Click here for ECN and Order Routing Fees.

The SEC charges a fee on the total dollar amount of securities sold. Click here for details.

FINRA charges a per share/contract Trading Activity Fee (TAF) on all sales of securities. Click here for details.

The CBOE charges a per contract Options Regulatory Fee (ORF). Click here for details.      FAQs

Depending on usage, phone-in orders may incur an additional $20 trade fee.
Mutual Fund Trades by phone only 888-692-3624 or 914-686-4701
Options assignments and exercises $14.95
Negotiated commission Rates Welcome
Call 1-800-424-3934 for details

Options carry a high level of risk and are not suitable for all investors. Please read the Options Disclosure Document titled Characteristics and Risks of Standardized Options before considering any Options transactions. Copies of this document are available electronically by clicking Characteristics and Risks of Standardized Options, or by writing Mastertrader.com, 7-11 South Broadway Suite 210A, White Plains, NY 10601. Options are not suitable for all investors and you must balance the opportunities of options trading with the corresponding risks involved. You may lose all, or possibly more, than what you invest in an options contract or trade. Exercise and/or closing transactions are subject to commission charges. Interest charges are incurred where the underlying securities are purchased on margin.

Transaction costs may be significant in multi-leg option strategies, including spreads and straddles, as they involve multiple commission charges. We do not provide tax advice. Investors should consult with tax advisor to determine how taxes may affect the outcome of these strategies.
Security Type Rate Example
Stocks $0.000095 per share 1,000 share sell will incur a charge of $0.075 ($4.75 max)
Options $0.002 per contract 10 contract sell will incur a charge of $0.02
Futures $0.04 per contract 5 contract sell will incur a charge of $0.20

These charges will be added to the regulatory fee section of the confirmation. For more information please click here.

For further information about the risks of futures trading, please read:
Futures Risk Disclosure Statement        Electronic Trading and Order Routing Systems Disclosure Statement

*During regular business hours, normal market/business conditions and normal systems’ functioning.

Mastertrader.com reserves the right to make changes to any of the programs, special offers, and promotions described in this site at any time without notice or liability.