Monday, December 8, 2008

Brokerage Commission Structure Comparison

Below is a comparison between various discount brokerage firms at varying levels of purchase frequencies. While commission fees are a large determinant in which brokerage you might employ, I would encourage you to consider all aspects of a brokerage firm - especially ease of use and customer service - before you give any of them your business. 

If you were to purchase and sell 5 securities a month (10 trades) you would pay:

Zecco - $0
SogoElite - $20
SogoTrade - $30

If you were to purchase and sell 10 securities a month (20 trades) you would pay:

SogoElite - $30
Zecco - $45
SogoTrade - $60

If you were to purchase and sell 15 securities a month (30 trades) you would pay:

SogoElite - $40
Zecco - $90
SogoTrade - $90

If you were to purchase and sell 30 securities a month (60 trades) you would pay:

SogoElite - $70
Just2Trade - $150
SogoTrade - $180
Zecco - $225

Last Updated 12/8/08