The information listed below is to be used as guide to help you select the discount brokerage firm that is best for you. A table is provided with various firms, their web sites, toll-free numbers, and online trading prices for stock and options. Please use the web site or toll-free number to access all the information possible for the brokerage firm of your choice.
Most brokerage firms require a minimum amount of equity to open an account.
This equity can be made up of cash, securities, or any combination of these. The amount of equity in your account can allow you to get deeper discounts on trades and other services, depending on the firm you choose. Prices can vary by a large amount from one firm to another. Other services offered by some firms can help to offset the trading cost difference. It is wise to look at the whole package a brokerage firm offers before jumping aboard.