The average brokerage fee is around $5-15 per trade, when taking into account all brokers. Some brokers do not charge any fees for trading. When we exclude them, the average brokerage fee comes to around $10. You can use a brokerage fee calculator to easily compare brokerage fees.
How much do discount brokers charge?
Discount brokers charge a flat fee for each trade transaction. The per-trade flat fee ranges from less than $5 to more than $30 per trade. Account maintenance fees are usually around 0.5% per year based on assets held. Online brokers have the least expensive brokerage fees. Their primary role is to allow investors to conduct online trading.
How much does a full-service broker cost?
The average fee per transaction at a full-service broker is $150. This is much lower than in the past but still higher than discount brokers where on average a transaction costs approximately $10. There are also full-service brokers who charge annual fees between 1% and 1.5% of total assets managed for a client and will eschew per-trade charges.
How much do options brokers charge?
Many brokers charge a fixed commission plus a per-contract fee for options trades. This could be something like $5.95 + $1.00 per contract (so, the total fee on a 10-lot trade would be $5.95 + $10 = $15.95). The exact commission structure will vary based on your broker and the level of trading that you do with them.
