Best Stock Brokerage For Active Traders

August 2009 | Categorized in Brokerage Education

While there are various classifications for what makes somebody an active trader, for this purpose, we are considering traders who execute multiple trades in a week. The deciding factor for most active traders is how low are the commissions.

Active traders are looking to quickly enter and exit stocks, obviously the higher the commissions, the longer they might have to hold on to make the trade worth playing. The following stock brokerages have been considered best for active traders because of their low commissions and ability to get security prices at low values. Also, check out how to lower your commissions with your current brokerage.

The following is a chart of the best online discount stock brokerages for active stock traders.

Broker	Commissions (stocks/options)	Acct. Minimum	Best For
OptionsHouse	$2.95 / $9.95	$1000	Everybody
MB Trading	Direct: $.01 per share for first 500 shares and $.005 per share for unlimited additional shares ($1 min) Smart: $4.95 for up to 10,000 shares and $.005 for additional.	$1000	Active Traders
Interactive Brokers	varies/cheap	$10,000	Active Traders
SOGOTRADE	$3/$3+0.70 per contract.	$500	Cheap Trades