Discount Online Brokerages And Mutual Fund Companies

There are quite a few places nowadays that you can open a brokerage or retirement account online.   Most of them are going to be great options, and since they are online – most of them will have reasonable fees and commissions.   Here in this table is a quick look at some of the more popular account options, and the fees and commissions you can expect with each.

 Account MinimumMutual Fund CommissionStock CommissionAnnual IRA FeeReview
BettermentnoneIncluded in 0.15-0.35% annual fee.Included in 0.15-0.35% annual fee.noneBetterment Review
TD Ameritradenone$0$9.99noneTD Ameritrade Review
Loyal3none$0n/aLoyal3 Review
Kapitall Generationnone$7.95noneKapitall Review
EtradenoneUp to $19.99$9.99none
Motif Investingnone$9.95 (per motif/bundle of stocks)Motif Investing Review
ShareBuilder by Capital Onenone$19.95$6.95 ($4 If Auto Invest)noneShareBuilder Review
optionsXpressnone$9.95$9.95noneoptionsXpress Review
Schwab$1,000?$8.95none
Fidelitynone$0$7.95none
tradeMONSTERnone$15$7.50none
Scottrade$500$17$7.00noneScottrade Review
Vanguardnone$0$7.00$20
TradeKingnone$14.95$4.95noneTradeKing Review
OptionsHouse$1,000$9.95$2.95noneOptionsHouse Review


Betterment:Smarter Investing for Busy People

On a related note, check out our post on the best place to open a Roth IRA