Top 10 Cheapest Online Discount Brokerage Account and More

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With the current stock market, finding a good & cheap online discount brokerage is important. Fees can cut into the trading profit. The following top 10 cheapest discount brokerages are: Lightspeed Trading, Interactive Brokers, Just2trade, OptionsHouse, eOption, SogoTrade, Zecco, TradeKing, MB Trading, and Lowtrades.
I will provide a summary of various online stock brokerages with their commissions and fees. I have been using multiple trading platforms such as Fidelity, Zecco, Vanguard, Lightspeed, and Just2trade. For me, the brokerage needs to satisfy the following requirement:
  1. Low commission fees or cheap fees to trade or buy stocks, etfs, and mutual funds
  2. Reliable, can be access freely, stable trading platform
  3. Offer ACH electronic transfer
  4. Responsive and contactable customer service
To get the low commission fee, usually an investor or trader will need to sacrifice some investment tool such as good charting, tax tool, financial services, transfer capability etc. So don't be surprised about the barebone platform for this discount brokerage. You can essentially supplement the lack of features by open another account with full service brokerage such as Fidelity, Schwab, etc or you can just use internet service such as stockcharts & finviz for charting and filter.

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Top 10 cheapest online discount stock brokers to trade stock or ETF are:
1. Lightspeed Trading
Lightspeed offers stock, etf, option, forex and future for trading. The cost to buy stock online is the cheapest discount brokerage as far as I know. To trade stock, you only pay for $0.00395 per shares with $0.40 per 100 shares. The minimum is $0.40 per trade. There is no ticket fee to buy option; it only cost $0.50 per option contract. The minimum balance to open is only $1,000 for cash account and $2,000 for margin account using Lightspeed Web Trader. If you are using Lightspeed Trader which is software based platform, the minimum balance requirement is $10,000.

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