1. E*Trade pricing for flat-fee equities trades based on $9.99 per trade for those who place 30-149 trades per quarter, or $12.99 per trade for those who place fewer than 30 trades per quarter (up to 2000 shares per trade). Commissions may vary based on actual trading activity and/or account balance.
2. Fidelity pricing for flat-fee equities trades based on $8.00 per trade for those who place at least 120 trades per year, or $19.95 per trade for those who place fewer than 30 trades per quarter (up to 1000 shares per trade). Commissions may vary based on actual trading activity and/or account balance.
3. OptionsXpress pricing for flat-fee equities trades based on $9.95 per trade for those who place at least 9 trades per quarter, or $14.95 per trade for those who place fewer than 9 trades per quarter (up to 1000 shares per trade). Commissions may vary based on actual trading activity and/or account balance.
4. thinkorswim pricing for flat-fee equities trades based on $9.95  per trade up to 5000 shares; pricing for per share equities trades based on $.015 per share with a $5 minimum. Commissions may vary based on actual trading activity and/or account balance.
5. Schwab pricing for flat-fee equities trades based on $8.95 per trade for those who place at least 120 trades per year, or $12.95 per trade for those who place fewer than 120 trades per year (up to 1000 shares per trade). Commissions may vary based on actual trading activity and/or account balance.
6. 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 11/12/2009. 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. For the RealTick trading platform, Mastertrader charges a $250 per month platform fee unless waived by account activity. Details are on http://www.mastertrader.com/fees/software.asp.

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

The SEC charges a fee of 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
E-mini Futures trades are subject to exchange and NFA fee.
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. Exercise and/or closing transactions are subject to commission charges. Interest charges are incurred where the underlying securities are purchased on margin.

An investment in futures contracts is speculative, involves a high degree of risk and is suitable only for persons who can assume the risk of loss in excess of their margin deposits. The high degree of leverage that is often obtainable in futures trading can work against you as well as for you and, as a result, can lead to large losses as well as gains. If you purchase or sell a futures contract, you may sustain a total loss of your initial margin funds and any additional funds that you may deposit to establish or maintain your position. If the market moves against your position, you may be called upon to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position. If you do not provide the requested funds within the prescribed time, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account. Under certain market conditions, you may find it difficult or impossible to liquidate a position. You should carefully consider whether futures trading is appropriate for you in light of your investment experience and objectives, financial resources and other relevant circumstances.

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.