Promobroker

Free signals – get free trading signals from the broker. Binary options – binary bets trading on forex instruments

Top-3 forex bonuses

Promobroker

Deposit bonus – A bonus on funding a live account. The bonus credited on percentage of the deposit amount.

No deposit bonus – free bonus on account registration for the new clients to trade live without any risk.

Tradable bonus: A deposit bonus that can be lost and traded as the part of your trading equity.

Volume bonus – most common type of deposit bonus, it allows you to increase your trading volume. Often the bonus can be cashed on trading lot requirement.

Forex gift – A gift for the clients for completing certain requirements, everything from bonus to latest gadget

Freebies – free stuff by forex brokers like ebook, courses, trading materials etc.

Rebate – cash-back withdrawable bonus on each lot traded.

Demo contest – contests held on demo account, win cash/tradable money with no-risk involve!

Live contest – contest held on live account, deposit requires. Win bigger cash/prizes.

Refer – a-friend– refer your friend to your broker, when your friend deposit you will get a special bonus

Free signals – get free trading signals from the broker.

Free VPS – get access to an optimized forex virtual private server for free on maintaining a certain amount of trading balance.

Binary options – binary bets trading on forex instruments

Forum posting: get a small trading bonus for each of your post in forms.

3 affiliate IB: receive a commission from your fellow traders, specially design for the marketers.

Draw bonus: the winners chosen by a draw

Seminars webinars: find the schedule to participate in the online/offline events.

Expos events: inviting to attend the forex events & expos globally.

Home loan brokers

Your home of information, advice and guides to help you and your customers.

Helping you help your customers

Latest offers & updates

Help your professional customers save thousands

Our lenders mortgage insurance premium costs are currently waived, with no minimum requirements, for eligible professional customers.

For LVR of up to 95%

For LVR of up to 90%

Conveyancing fee rebate of up to $1,000 for first home buyers

Eligible first home buyers (including recipients of state or territory government first home buyer concessions) only with home loans over $250,000.

Apply between 1 october 2020 and 31 july 2021. Eligibility criteria and T&cs apply. Disclaimer

Our low fixed home loan rates

The interest rate for your customers' home loans is the rate at the time of drawdown, not the time of application, so it can change. Your customers could apply to lock in a fixed rate (terms and conditions and minimum $750 fee apply).

Owner occupied interest rate

2 year fixed interest rate on owner occupied home loan under the ANZ breakfree package. Disclaimer annual fee $395.

Investment loan interest rate

2 year fixed interest rate on an ANZ fixed residential investment loan under the ANZ breakfree package. Disclaimer annual fee $395.

Telephone enquiries

Enquiries

1800 812 785

For general enquiries, scenarios queries and application submissions

Loan scenarios

1800 812 785 (option 1,4)

Mon-fri 10am to 12pm (AEST)
1pm-4pm (AEST)

For quick scenario-based questions. For more complex scenarios please reach out to your business development manager.

Meet the ANZ broker team

Tim brookhouse

Antoni konstantopoulos

Alex di toro

Jonathon angelucci

Log in to the broker portal to view your ANZ broker team details

Conversation starters

Tips and guides to help you chat with your customers.

Getting serious about house hunting?

ANZ has partnered with the theonespot disclaimer to help you make the right choice when buying property.

The unexpected costs to consider when buying a house

Thereвђ™s more to buying a house than meets the eye. It can help to tally up all the costs of home-buying before you start.

How a guarantor could help you buy your first property sooner

When youвђ™re trying to save a deposit, it can feel like youвђ™re trapped on a frustrating merry-go-round.

Important information

All applications for credit are subject to anzвђ™s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. Australian credit licence number 234527.

For full terms and conditions of the offer, contact your ANZ BDM. Offer is only available to eligible first home buyers (including recipients of a government first home owner grant and/or first home buyer stamp duty concession and apply for an eligible ANZ loan [refer to www.Firsthome.Gov.Au for eligibility details of the state or territory government first home owner grants and stamp duty concessions.]). Offer available only on application and is limited to one rebate of up to $1,000 per single property purchase for eligible first home buyers who take out an eligible ANZ loan for an owner occupier purpose. To enable reimbursement of conveyancing fees, you must hold an ANZ access advantage or ANZ one account at draw down. Offer is not available in conjunction with or in addition to any other offer, discount or benefit unless specifically advised by ANZ in writing. Offer may be altered or withdrawn by ANZ at any time. All applications for credit are subject to anzвђ™s credit approval criteria. Terms and conditions apply and are available on application. Fees and charges and eligibility criteria apply.

Interest rate current as at and subject to change. Rate incorporates a breakfree discount applied to eligible home loans linked to the breakfree package. ANZ breakfree discounts and benefits apply only while the customer maintains the package and meets ongoing eligibility criteria.

This comparison rate is for secured loans of $150,000 over 25 years based on monthly repayments, including minimum breakfree discount.

WARNING: this comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fixed home loans arenвђ™t for everyone and early repayment costs may apply if you repay your loan or switch to another one before the end of your fixed term or make early or additional repayments. Once the fixed rate period ends, the loan reverts to a variable rate loan and repayment amounts will change.

* annual package fee currently $395 and subject to change. Eligibility criteria and terms and conditions apply, including a minimum total mortgage lending requirement of $150,000. See ANZ breakfree terms and conditions for details. ANZ breakfree package benefits only apply while you maintain the package and meet ongoing eligibility criteria. Terms and conditions and fees and charges apply to products and services taken out in connection with an ANZ breakfree package.

The rate shown is the simplicity PLUS home loan index less the applicable special offer discount. Rates are subject to change. Eligibility criteria apply to special offer discounts, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime.

Application is provided by journeywise pty ltd trading as theonespot. ANZ does not control the content and takes no responsibility for the contents of the app. This link to the application does not constitute financial advice. Use of the application will be subject to the terms and conditions set out on the applicable app store and within the application (including any relevant privacy policy).

Best brokers for low costs

Cost-conscious traders, look no further

We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money.

We recognize that we all are living through a particularly volatile time as we deal with this global crisis, and financial markets have also seen unprecedented change, impacting all investors. Our mission has always been to help people make the most informed decisions about how, when and where to invest. Given recent market volatility, and the changes in the online brokerage industry, we are more committed than ever to providing our readers with unbiased and expert reviews of the top investing platforms for investors of all levels, for every kind of market.

Many cost-conscious traders look for brokers with very low fees. While most online brokers eliminated trading fees in 2019, many still charge commissions for more advanced trading like options. These types of brokers can also be attractive to more experienced traders who do not need investment advice or analysis. When looking at the best low-cost brokers, we over-weighted the cost categories in our methodology and ensured that trading technology was still an important factor.

Best online brokers for low costs:

Tastyworks: best low-cost online broker

Interactive brokers: best broker for low margin rates and best broker for fractional shares

Eoption: best low-cost options broker

Best low-cost online broker: tastyworks

Accountminimum: $0

Fees: $0.00 stock trades, $1.00 to open options trades $0.00 to close

Tastyworks' customers pay no commission to trade U.S. Equities online, and there is no per-leg fee for options trades. Tastyworks has a unique fee structure for options trades, charging $1 per contract to open a position, while closing trades are free. There is a maximum of $10 per leg for options trades, so traders who place large spread orders are happy. Stock and ETF commissions are $0. Exchange and regulatory fees are added to the commissions.

Customizable trading platform with streaming real-time quotes.

Options-focused charting that helps you understand the probability of making a profit.

A video player for keeping an eye on the tastytrade personalities is built in.

If you're new to trading options, the platform looks bewildering at first.

No bonds or cds available.

Portfolio analysis requires using a separate website.

Interactive brokers: best broker for low margin rates and best broker for fractional shares

Account minimum: $0

Fees: maximum $0.005 per share for pro platform or 1% of trade value, $0 for IBKR lite

With most of the large brokers cutting their equity commissions to $0, interactive brokers has gone from being one of the lowest cost brokers to being comparatively expensive when it comes to trading. Interactive brokers’ fee structure is rather complex. There are three types of commissions for U.S. Equities. however, margin interest at a $100,000 balance is 2.55%. these are the lowest interest rates among the brokers surveyed.

In addition, interactive brokers has been at the forefront of offering the ability to trade fractional shares. The company has offered some form of fractional shares trading longer than other brokers surveyed. Fractional shares trading is offered for U.S. Stocks listed on NYSE, AMEX, NASDAQ, ARCA, or BATS, as well as OTC pink U.S. Penny stocks with average daily volume above $10 million and market cap above $400 million. Non-U.S. Stocks are not available for fractional shares trading at this time.

Extremely smart order router.

Wide range of offerings around the world and across asset classes.

Mutual fund replicator finds less expensive etfs.

Streaming data runs on a single device at a time.

IBKR lite customers cannot use the smart order router.

Small or inactive accounts generate substantial fees.

Best low-cost options broker: eoption

Account minimum: $0

Fees: $0 per stock/ETF trade, $1.99 base per leg plus $0.10 per contract for options trades

Eoption charges no base commission for options trades and the per-contract fee is significantly lower than its competitors, making it great for heavy options traders. Eoption also offers commission-free stock and ETF trading so those who are options-oriented traders but also want access to other assets at a low cost will have no issues here. Clearing and exchange fees, typically a fraction of a penny per share, are spelled out on the order confirmation screen and are passed through to customers. Eoption also scored highly for its relatively low margin rates.

Eoption offers great value for frequent options traders.

The browser-based eoption trader platform is easy to use.

Newsletter subscribers can auto-trade their alerts.

Limited education offerings.

Any OTCBB (penny stock) trade must be made with a live broker.

What do brokers charge to trade?

Brokers can charge a variety of fees depending on the services they offer. Here are some fees you can typically expect at a brokerage:

Stock trade fee (per trade): typically between $0.00 and $6.95

Stock trade fee (per share): typically between $0.006 and $0.01

Broker-assisted trade fee: typically between $0.00 and $50.00

Mutual fund trade fee: typically between $0.00 and $50.00

Important

Some brokers charge a per-leg fee for options trades, so frequent spread traders might want to look for brokers who only charge a per-contract fee.

Rise of free trading

The landscape of the online brokerage industry has changed dramatically over the last few years, most notably with the change in costs for clients. As volatility returned in 2018 many investors retreated to the sidelines. As a result, brokers needed to make their platforms as attractive as possible to bring fearful investors back.

One method for doing so was by reducing commission fees which, in some cases, went as far as making trades completely free. As brokerages reduced costs, it caused a chain reaction. Brokers needed to remain competitive and lower their prices.

While most brokers were simply reducing costs for their clients, others were going a different route by completely eliminating commissions. One of the recent brokers to offer commission-free trading was robinhood. Though they charge no commissions for trades, they make money in other ways, including payment for order flow and interest on cash in accounts.

Discount brokers vs. Full-service brokers

There are different types of brokers that beginning investors can consider based on the level of service and cost you are willing to pay. A full-service, or traditional, broker can provide a deeper set of services and products than what a typical discount brokerage would. Full-service brokers can offer their clients financial and retirement planning as well as tax and investment advice. These additional services and features usually come at a steeper price.

If you are looking for a cheaper, more hands-on approach, a discount broker is a better choice. Discount brokers offer low-commission rates on trades and usually have web-based platforms or apps for you to manage your investments. Discount brokers are less expensive, but require you to pay close attention and educate yourself. Luckily, most discount brokers provide educational resources to help you learn to trade and invest.

Pros & cons of discount brokers

Discount brokers can be ideal for those looking to save money, but if you are newer to the investment world and need more hands-on guidance they may not be worth it for you.

No need to worry about biased investment recommendations

Access to basic educational resources to help you do it yourself

Less hands-on customer service

Methodology

Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. Our reviews are the result of months of evaluating all aspects of an online broker’s platform, including the user experience, the quality of trade executions, the products available on its platforms, costs and fees, security, the mobile experience and customer service. We established a rating scale based on our criteria, collecting thousands of data points that we weighed into our star-scoring system.

In addition, every broker we surveyed was required to fill out an extensive survey about all aspects of its platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of its platforms at our offices.

Cost-conscious traders look for brokers with very low fees. This type of broker can also be attractive to more experienced traders who do not need investment advice or analysis. When looking at our top discount brokers, we overweighted the cost categories in our methodology and ensured that trading technology was still an important factor.

Our team of industry experts, led by theresa W. Carey, conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. Click here to read our full methodology.

Article sources

Tastyworks. "pricing." accessed may 20, 2020.

Tastyworks. "commissions and fees." accessed may 19, 2020.

Interactive brokers. "commissions." accessed may 20, 2020.

Interactive brokers. "margin rates." accessed may 19, 2020.

Interactive brokers. "what products can I trade in fractions?" accessed may 20, 2020.

Interactive brokers. "fractional trading." accessed may 20, 2020.

Eoption. "rates and fees." accessed may 20, 2020.

Robinhood. "how robinhood makes money." accessed may 20, 2020.

Robinhood. "investing for everyone." accessed may 20, 2020.

Tiger broker promo code tiger broker referral code singapore

Friday, january 8, 2021

2021 tiger broker referral code and tiger broker promo code

Tiger broker referral code: FREE100

Tiger brokers offers securities trading in the US ��, hong kong ��, china ��, singapore �� and australia �� (NEW).

Although the previous free stock promotion has ended, this code is valid and you will get free stock vouchers instead! This promotion runs to dec 31, 2021 .

They have plenty to offer, including features such as:

Very low commission rate (SGX: 0.08% with no minimum )

Free local SGD funds deposit and withdrawal via FAST

Fast deposits and withdrawals (using DBS)

Competitive exchange rates

Modern trading platform on windows, mac, ios and android

Quick and easy registration with myinfo

They are currently running a promotion where new users can get stock vouchers worth up to $100 by funding your account with $2,000 or more. Additionally, get 5 commission-free trades and free L2 US market data (U.P. 26 USD) after account opening! T he deposited amount can be withdrawn instantly once the voucher is processed.

Tiger brokers holds a capital markets service license under the securities and futures act. They explain about how they keep your funds and investments safe. Interactive brokers and DBS act as custodians for tiger brokers. If you have any questions, leave a comment and I will help you to the best of my ability!

If you are unable to find the voucher, go to promotions & rewards under the me section on the mobile app. On the desktop app, click on the gift icon located at the top right of the app window

Free voucher depends on your first deposit!

Tiger broker is new to SG investor but definetly not new to the market.

I used it to trade US market and for new users that sign up using my link. You will get 30days level 2 market data + stock voucher depending on your topup amount.

Do note that you will need to inform tiger broker after every deposit in order for them to credit your funds into your account. It take around 2hrs for my funds to get credited into my account after i deposit. There no fees for withdrawal for SGD however some users has reported fees being charged by the receiving bank. I myself use DBS and was not charge withdrawal fees by DBS.

I've tested a few trades on the platform. Pretty decent experience so far!

This is the only broker I've used so far that provides free US real-time stock data.

The platform interface (both android & windows) is nice as well.

Feel free to use my referral code:

Tiger brokers recently changed the referral rewards structure:

A new user who completes registration will get free level 2 data for U.S. Stocks for 30 days.

The user who completes account opening will receive commission-free trading for U.S. Stocks and H.K. Stocks for 30 days.

Monetary award for deposit:

· one of the lowest brokerage fees amongst custodian brokers

· pre/post-trading for US market

· combination of US, HK, CN & SI markets (and I believe they would eventually open up to london stock exchange too)

· foreign exchange rates are much better than bank

· market screener, indicators, charting (basically kindaof like an all-in-one application)

· USD$100,000 paper account for simulations, back-testing and paper trading

Stock vouchers up to S $ 100 + 30-day commission-free card + US stock LV2 quote car

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Qtrade investor reclaims the top spot in this year’s rankings, with 2019 winner questrade close behind.

NOTE: these rankings are based on data collected before june 1, 2020 and do not reflect changes which may have taken place since then .

A penny saved, as they say, is a penny earned. That’s certainly the case for canada’s self-directed investors, who are embracing the ultra-low fees offered by online brokerages and turning those savings into higher investment returns.

While pricier full-service investment options provided by financial advisors and bricks-and-mortar firms have their place—as do robo-advisors with their affordable hands-off portfolios—DIY investors who want the greatest selection of assets at rock-bottom fees can’t do better than online brokers. Of course, with a growing number of online brokerage services now available in canada, it’s hard to know which one is best for your needs.

That’s where the annual moneysense best online brokers ranking comes in. Now in its eighth year, the ranking again relies on an analysis provided by surviscor, a leading canadian research and consulting firm specializing in digital and direct financial services’ customer experiences. Customized for moneysense to include hundreds of data points—including price, customer service, product offerings and mobile capabilities—surviscor’s deep-dive into the canadian online brokerage marketplace is second to none.

This year, surviscor’s president and CEO, glenn lacoste, who is also co-founder of the ranking, has not only contributed his 30-plus years of industry knowledge to the analysis, he has also penned the rest of the package below, offering his take on the winners and valuable advice to you, the investor.

What are online brokers?

Online brokers allow self-directed investors to pick, buy and trade assets such as stocks, bonds, and exchange traded funds (etfs) on their own, without the guidance or assistance of an advisor or trading agent. Because online brokerages cut out the middleman, the trading fees don’t have to account for a professional’s commission, so you pocket the difference. This significant cost savings is the reason why online brokers are also known as discount brokers.

While all canada’s dozen or so online brokers provide roughly the same basic DIY investing and trading services, the platforms, fees and access to investing information can differ. For example, this year we’ve seen a further reduction in fees and an increase in supporting tools to make self-directed investing easier.

What’s special about our ranking?

The scoring methodology and the depth of the analysis makes the review the most comprehensive and investor-relevant study in canada. We tell it like it is, and don’t suggest that only the top firms should be considered.

On that front, you may notice a few firms missing from our ranking. We left out interactive brokers because it is not designed for an average investor and it simply has not fully canadianized its offering; canaccord genuity direct (formerly jitney trade) as we need more time to assess its post-rebranding services as the past brand was not doing business for most of 2019; and wealthsimple trade, which has been wrongly labelled by many as an online brokerage firm as it only offers a mobile application with limited functionality, resources, account types, product, market information and services expected of a canadian discount brokerage firm. No doubt, $0 commissions are attractive but we do not see why a novice investor would even consider the platform as the cost savings of dollars per trade, in our opinion, is not worth the lack of guidance, education and market depth, to name a few, required by a novice or average DIY investor.

Our goal is to provide you with the facts to help you make an informed choice of a potential discount brokerage. If you already use an online broker and have noticed a change in the relationship or longer wait times for service, don’t feel sorry for them. Instead, challenge yourself to explore other firms’ offerings, as there are many.

Whether you’re new to self-directed investing or a seasoned veteran, the best online brokers in canada for 2020 will give you valuable insight into canada’s ultra-competitive discount brokerage industry, and help you get the most out of DIY investing.

Canada’s best online brokers

rank	broker	total points	basic stock-trading commission	minimum non-registered account size for no annual/inactivity fees	mobile app/mobile responsive website
1	qtrade investor	25	$8.75	$25,000 across all accounts OR 5 other conditions OR $50 per month deposit for young investors	yes
2	questrade*	23	1 cent per share ($4.95 min/$9.95 max)	$1,000 across all accounts (no fees for clients under 25)	yes
3	TD direct investing	22	$9.99	$15,000 across all accounts OR other criteria	yes
4	national bank direct brokerage	17	$9.95	$20,000 across all accounts OR 5 trades per year	yes
5	scotia itrade	11	$9.99	$25,000 OR 12 trades per year for rrsps; $10,000 or 1 trade per year for non-registered	yes

Here’s a closer look at the top three overall winners.

1. Qtrade investor

Our no. 1 overall pick in 2018 and runner up in 2019, qtrade investor has reclaimed the top spot this year with a score of 25 points. Its superior user experience (made even better this year with a new suite of portfolio analytics tools) and market analysis for ETF investors also makes this online broker the leader in our UX and ETF categories. And, although qtrade does not place first in every category, it consistently fares well across the board. Fees are competitive, but not the lowest around.

Best discount brokers of 2021

Whether you’re an active day-trader who makes several trades a week, or a patient buy-and-hold investor who just makes a few trades a year, you should care about broker costs. That’s because keeping more of your hard-earned money on the front end lets you grow it faster in the stock market – and keeping more on the back end means bigger net profits after all of the fees are accounted for. In fact, limiting your trading costs is often easier and more effective than trying to pick better-performing investments.

I’ve been trading for nearly 10 years now, and am a cheapskate by nature – so I’m kind of a geek about finding fees hidden in the fine print. That’s why I analyzed the 10 most popular online brokers that claim to be “discount,” while still offering a quality trading experience, to find the best.

Ally invest is simply the most affordable broker there is, with its great rebates and super-low commission structure. You won’t find lower fees anywhere, and it still offers a quality trading platform. But for buy-and-hold investors who don’t really need access to the entire universe of stocks and etfs, the nearly 100 commission-free funds offered by fidelity will allow you to buy core investments in a cost-effective way while still having the flexibility to make more tactical trades without breaking the bank.

Best discount brokers

The simple dollar’s top picks for best discount brokers

Best discount broker overall:ally invest

Best discount broker for buy-and-hold:fidelity

I looked for the cheapest possible brokers that still offered a quality trading experience, and found two that offer incredibly cost-effective trading, but don’t sacrifice the quality of the experience along the way, including tools and other extras.

Why cheaper is always better for investors

We are living in a golden age for small-time investors. Market data that was once exclusive to well-heeled money managers is now free to anyone with an internet connection via sites like google finance. Modern technology has reduced “friction” in transactions to make them cheaper, easier, and more transparent than ever before.

One challenge of this modern investing landscape, however, is what some experts call the “paradox of choice.” if regular folks have more ways to invest than ever before, how do they pick the right one?

The answer is actually simpler than you think. For most investors, the cheaper choice is always better.

You may be wondering why keeping your broker’s costs down is so important. Well don’t take my word for it – take billionaire warren buffett’s.

Back in 2008, the iconic investor bet some bigwig hedge fund managers $1 million that they couldn’t make more money over the next decade than a cheap, simple “index fund.” these investments are a boring, fixed portfolio of stocks that don’t change – and thus, don’t charge a lot of fees. Meanwhile, complex hedge fund strategies chase the latest fads and rack up big costs along the way.

This $1 million contest is coming to an end, and buffett is so far ahead that it’s all but certain he’ll come out the winner.

This seems incredibly counterintuitive to regular americans who think there’s a lot of mystery around the stock market. How can you just set it and forget it, and end up beating high-priced money managers?

It’s all about net returns – that is, your total investment profits after fees.

Just look at the following scenarios:

You put $1,000 in a stock and the investment goes up to $1,200. If you have zero transaction fees, you make $200, or 20%.

Your initial $1,000 grows to $1,200 but your broker charges $10 to buy the stock and $10 to sell it. You make $180, or 18%.

Your initial $1,000 grows to $1,200 but you have an overpriced financial advisor who charges a flat 2% on your assets ($20 on the $1,000 investment) and 20% of all potential profits ($40 of the $200 in profits). Minus that $60 in fees, you make $120, or 12%.

How fees affect your net profit

As you can see, fees really eat into your gains. And if that last example seems obscenely expensive, it isn’t – and is common enough to simply be known in wall street parlance as a “two and twenty” fee structure.

That means in order to make the same net return, your performance has to be a whole lot better to offset the additional costs.

It’s telling that despite one of the best track records on wall street, even warren buffett knows how hard it is to consistently put up huge gains to justify huge fees. So he’d rather focus on what he can most control effectively in the long term – costs.

How I found the best discount brokers

If you’re a typical investor interested in simple trades using conventional stocks and cost-efficient etfs, with just a handful of transactions each month, there are plenty of ways to achieve your goals at a rock bottom cost.

The main fees I looked to limit:

Costs per transaction: for most investors, transaction fees or commissions are their biggest cost base. Therefore, a good discount broker will give you a bunch of free trades when you start, a bunch of transaction-free etfs to make tactical trades on the cheap, and a locked-in structure that’s affordable forever. A typical unassisted transaction fee is about $8 at present.

Charges for data or tools: there’s a lot of sophisticated market research out there, but some of it is a luxury for most traders and not a necessity. Cutting out these top-shelf offerings can really keep costs down. At the same time, however, I insisted on a minimum standard for market data that included real-time quotes instead of a big delay, as well as stock screening tools and educational resources. Low cost doesn’t have to mean low quality.

Extras with extra costs: many brokers will tout that they have financial experts available 24 hours a day to help you make a trade, but they often like to hide that those services come at an additional fee. For instance, that typical $8 transaction fee can often rise to $25 or more if you talk to a human being in person or on the phone. Others are happy to offer free education about sophisticated strategies like options or futures, but make you upgrade your trading software to a platform that charges hundreds of dollars in annual fees.

Account minimums: it’s never any fun to watch your hard-earned cash dwindle thanks to a tough market or a bad investing idea. But it’s even worse if your broker has a minimum balance requirement that starts eating away at your savings even more.

Every investing strategy is different, of course, and some strategies like trading on margin – that is, using borrowed money from your broker to bet on ideas – always come with a significant cost and additional risk. However, these items are the cost centers for the vast majority of individual investors and the ones I focused on limiting as much as possible.

Sophisticated strategies like day trading are almost necessarily high-cost endeavors, simply because there’s a higher volume of transactions and deeper research that is required. If this is your strategy, then I encourage you to check out my review of the best day trading platforms – which includes my selection for the best low-cost day trading platform.

Discount trading review

Melissa brock

Contributor, benzinga

1 minute review

Discount trading is a no thrills futures trading broker that offers a multitude of options available to start trading. Low commissions, no inactivity fees, and powerful platforms to start trading.

Best for

High volume / high frequency futures day traders

Futures investors looking for the lowest futures margins

Traders needing ultra-low commission rates

Traders looking for great customer service and fast account opening

Ultra-low commission rates ($0.49 or less)

$500 (or less) day trading margin on most markets

No monthly inactivity fee

Five different trade routing solutions

Over 20 of the most popular platforms in the industry

A completely free trading platform that includes free level 1 streaming futures quotes ● support team that answers phone calls quickly

Tough to find the best platform for your needs, due to the sheer number of options available

Geared for traders with at least some experience trading the futures markets

on the hunt for the lowest day-trading futures margins or the best futures broker? Or maybe you’re dipping your pinky toe into the markets and need to know how to trade futures from scratch. Rest assured, you’ll be able to find what you’re looking for at discount trading, whether you’re a seasoned pro or a new futures trader.

The aptly-named discount trading firm offers ultra-low commission rates and day-trading margins to clients worldwide. You’ll also find some of the lowest futures day - trading margins available. The chicago and indiana-based broker offers over 20 different futures trading platforms and 5 trade routing solutions. You’ll also find a completely free platform with live streaming quotes.

Isn’t the total trade cost per tradeprice one of the most important issues for most investors? You can absolutely check that box with discount trading.

Who’s discount trading for?

Looking for a no-fuss, low-cost way to find a trusted online futures broker? Discount trading can offer you options whether you’re based in the U.S., europe, or anywhere else in the world. Discount trading accepts clients from almost anywhere in the world. you’ll get the best bang for your buck, and lots of platform options. Live streaming quotes, research, and news, and a free mobile platform are all part of the full discount trading package.

Beginning futures traders can find a worthy partner in discount trading, particularly because you’ll never see inactivity fees, hidden fees, or minimum volume requirements. You are free to trade daily, monthly or just once in a while. You’ll also have access to a 24/6 trade support desk if you need help setting up your trading platform, or have any questions.

Discount trading’s platform and tools

You’ll find a plethora of platform options housed by discount trading. Specifically, you’ll have access to over 20 different futures trading platforms and 5 trade routing solutions. Discount trading supports various industry-leading platforms on mac, PC, smartphone or tablet: sierra chart, multicharts, firetip, marketdelta cloud, rithmic, X trader, CTS T4, motivewave, QST, CQG and many more. Here’s an overview of a few popular options you’ll be able to access.

Tradingview

You’ll find charting tools on tradingview, real-time data, and browser-based charts, whether you’re advanced or a beginner. Tradingview also offers all charting options without a complex installation or set-up process. All you need is a browser to get going.

Sierra chart

Sierra chart offers advanced technical indicators and charting capabilities on its platform for professionals. Real-time, historical, charting and technical analysis options are all available through sierra chart.

CGQ desktop

CGQ desktop offers an easy-to-use product with a fresh spin on trading, market data, charting and analytics with optimum customization options. You don’t have to download any software so it’s a snap to access the markets.

Discount trading’s research offerings

Do some research on the different platforms discount trading offers. You can also take advantage of an instant demo with live quotes for $50,000 with the firetip professional platform. Just punch in your name, email address and phone number to get started.

One of discount trading’s most popular platform is firetip. Firetip is compatible with both windows and mac. It is great for both professional and novice traders. You’ll get direct market access, charting, news, account details and statements from firetip, plus:

Low commission rates

Select-market $300 day-trade margin

Free version available with free streaming quotes

Unlimited charts (pro version)

Firetip was developed by traders for traders, with easy order entry for beginning traders and advanced platform options, according to discount trading’s website. Firetip’s demo is designed as an introduction to the platform and its functionality and is an excellent way to research in as close to a live trading environment as possible.

Note: daily statements and fees are not applied within the demo environment and are not reflected in final profit and loss calculations within the firetip demo. Other major factors, such as latency fill price and execution times, might also be slightly different in a live trading situation, according to discount trading. This demo isn’t a fully accurate representation of actual profits or losses that may occur in a live trading environment because it’s difficult to simulate a live trading environment.

Discount trading also offers futures news and research and you can keyword search news. Daily research and trade ideas are also offered to existing clients through the client website portal. Discount trading’s commission and fees

Discount trading’s commission and fees

Discount trading offers a completely free platform with live streaming quotes for no charge, plus you’ll find commission rates as low as $0.19 per side for high-volume online futures traders — as long as you require no broker assistance. Broker assistance means you’ll pay a higher rate. High-volume traders can also qualify for an exchange membership, which reduces your exchange fees when you trade.

Note: example of individual CME exchange fees per side

Non member	member owner	member license
E-mini futures	$1.18	$0.35	$0.47
currency futures	$1.60	$0.32	$0.52
financial futures	$1.25	$0.19	$0.37

On the website and you’ll find some unique price structures:

$1,000 account starting minimum for micro e-mini trading

$2,000 account starting minimum for trading all other markets

Get a complete breakdown of discount trading’s full commission and fees schedule for more information about some of the lowest commission rates available for online futures trading.

Discount trading’s security

Discount trading is registered with the commodity futures trading commission (CFTC) and is a member of the national futures association (NFA). you’ll be required to provide certain personal information to discount trading personnel. Discount trading personnel must maintain physical, electronic and procedural safeguards that comply with federal standards for guarding your information, according to the website.

You’ll need to provide personal and financial information to open your account, process requests and transactions, inform you about products and services and more, including:

Name

Address

Date of birth

Social security number

Occupation

Financial profile

Income

Information regarding your trading history

Information from consumer reporting agencies, such as your credit history and creditworthiness

Discount trading may disclose the types of non-public information listed above to the following types of 3rd parties, though you can opt-out of disclosure:

Governmental agencies

Other regulatory bodies

Law enforcement officials

Financial service institutions
- Companies under contract such as vendors

These providers are required to keep customer information confidential in connection with their services. Contact a customer service representative or call 219-769-0366 to opt out of 3rd party disclosure.

Discount trading’s customer support

You can access discount trading’s helpful customer support line at +1-219-769-0366 for international calls or 1-800-747-1420 when you need help opening an account. You can also quickly sendpop over a message to discount trading using the online form by filling out your name, email address, phone number and a message. Discount trading’s trade support desk is available 24 hours a day, 6 days a week.

Discount trading’s VIP line is available for those who do not want a full-service account but help from an experienced broker on occasion. Need help with any of the following? Access the VIP line for:

Understanding order types

First notice dates

Settlement times

Contract details

Premium calculations

Market trading times

Delivery procedures

Margin requirements

Margin calls

Note: that additional fees apply for VIP line access.

Discount trading’s tradable asset classes

You’ll be able to trade futures and options, including CME, CBOT, COMEX, GLOBEX, NYMEX and select EUREX products. You’ll also have access to all the popular markets, including crude, e-mini, gold, grains, currency futures and more.

You can open the following types of account with discount trading:

Individual

Joint

Trusts

IRA accounts

Corporations

Partnerships

Limited liability companies

Sole proprietorships

Individual and joint

There’s only one owner in a discount trading account: just the person who controls the investments within the account and requests distributions. Account-holders who require more than one owner (and one social security number) must apply for a joint account.

Trust

A trust is a legal entity created for beneficiaries. You can get a revocable trust with a social security number and an irrevocable trust with a fed ID number. You must submit a copy of the trust agreement.

Individual retirement account (IRA) and roth IRA

You’ll get tax-deferred investment growth with an IRA and gain earnings without tax consequence each year. The millennium trust company handles accounts through discount trading.

Corporate or limited liability company

Corporate accounts or llcs are opened under the legal corporate name, along with a short description of the nature of the corporate business. The articles of incorporation must be submitted to discount trading, according to the website.

Sole proprietorship

A sole proprietorship is an individual that owns 100% of a business and it’s conducted under a company name such as harry jones dba DEF company. An individual owns 100% of a business.

General partnership

Partnership accounts are registered in the name of the partnership and you’ll need a fed ID number to open the account.

Hedge

You open a hedge account through discount trading. You can use long hedges to lock in the future purchase price of a commodity or short hedges to lock in a selling price for a commodity to be sold in the future.

Foreign

Discount trading accepts accounts from most countries, including but not limited to canada, australia, europe, and asia. You’ll need to show your passport or other government-issued ID and possibly other documentation that shows proof of residency or citizenship.

Discount trading’s ease of use

It’s easy to create an account with discount trading and as mentioned before, it’s easy to demo discount trading’s firetip because of firetip’s user-friendly order entry options. However, there are so many platforms available through discount trading that it’d take us another year to review each one for ease of use.

Best advice? Play around with each platform’s demo option so you get a sense of your own personal preferences and style. Every trader has different needs and skillset and has different levels of comfort with various products.

Next steps

The only thing you might really need is a sense of adventure when you access what discount trading has to offer. Its 20 different futures trading platforms and 5 trade routing solutions might stymie even the most experienced trader.

How to choose between a full-service broker and a discount broker

You already know that one of the best ways to build wealth over time is by investing your money. However, in order to invest, you need a brokerage account.

Most regular investors can't just go directly to a stock exchange and make a purchase. Instead, a professional intermediary is needed. A brokerage bridges the gap between investors and direct access to the markets.

There are two main types of brokers: full-service and discount. Here's what you need to know in order to decide whether to choose a full-service or discount broker.

Full-service vs. Discount broker — what's the difference?

With a full-service broker, you get the whole package. Someone else manages your investment portfolio for you, making moves on your behalf. In the past, full-service brokers were the only option, and they could cost a lot for each transaction.

But today, full-service brokers cost a lot less. However, they still give you investment advice and guidance and manage your portfolio on your behalf. Expect to pay for management expenses based on how much money you have in the account. In general, full-service brokers charge between 1% and 2% of your assets under management.

Another thing to keep in mind is that many full-service brokers require account minimums. You may need to have $100,000 or $250,000 in assets if you want to work with a full-service brokerage. While some full-service brokers do offer services to those with fewer assets, the relative cost could actually be higher.

On the other hand, discount brokers provide you with the opportunity to do much of the heavy lifting on your own. You get access to online trading platforms that allow you to make your own investing choices. They may even have helpful tools, such as stock screeners, to help you decide what works best for you. As long as you understand how to use the tools, you may be able to do very well on your own.

Discount brokers give only limited general guidance, but the commissions are much lower. You can save a lot of money on fees with a discount broker.

When to consider a discount broker

Discount brokers are ideal for helping you out if you don't have a lot of money up front or you like being personally involved in your investment decisions.

Here are some of the characteristics of someone who could benefit from using a discount broker:

Prefers control: with a discount broker, you're entirely in charge of your portfolio. You decide what to buy and sell — and when. You set your investment strategy and are responsible for carrying it out. If you like to be personally involved in your portfolio, a discount broker can make sense.

Comfortable with technology: many discount brokers have proprietary trading platforms that they use. You need to feel comfortable learning new platforms and using them to trade.

Don't have a lot of money: many discount brokers have $0 account minimums and will allow you to start trading with as little $25. You may be able to buy fractional shares and get started even though you don't have a lot of money. Plus, the commissions are low, so your returns aren't being as impacted by fees.

Confident in your ability to analyze information: finally, if you're confident in your ability to analyze information and make good decisions, a discount broker can be a good choice. You can also use a discount broker if you're comfortable with the idea of making mistakes while you learn.

With a discount broker, you'll have a lot more options and be in charge of what comes next. If that idea appeals to you — or you just need a cheap place to start building your portfolio — a discount broker could be the right choice for you.

When to consider a full-service broker

On the other hand, you may feel better about having a professional in charge of your portfolio. And there are some other perks that may come with using a full-service broker.

Here are some traits that could make a full-service broker a better choice for you:

You're uncomfortable with the idea of managing your own investments. For many people, the idea of investing is so scary they don't want to manage a portfolio. If you're going to be under a lot of stress, it can make sense to turn it over to the professionals at a full-service brokerage.

You don't have the time to manage your portfolio. There's a reason so many wealthy and successful people don't manage their own investments. They don't have the time. Being personally involved can take up a lot of time. If you want to use your time for something other than portfolio management, a full-service brokerage can be a big help.

You have enough money to make it worthwhile. Some full-service brokers offer discounts when you have a certain amount of assets. If you can qualify for that discount, it can make your investment costs a little more manageable.

Some full-service brokers require asset minimums. Use a robo advisor if you can't meet the minimum and you're not comfortable managing your own portfolio. Robo advisors have much lower account minimums, so you don't have to worry about having a lot of wealth already.

A robo advisor will take some of the stress out of portfolio management and do so without costing you an arm and a leg.

Where do robo advisors fit?

Robo advisors are a sort of hybrid option between full-service and discount brokers. With a robo advisor, you get some of the qualities of a full-service broker, such as automatic management of your assets. The management is often taken care of with the help of an algorithm and based on general principles, rather than a truly tailored individual strategy.

You don't have to deal with management on your own when you use a robo advisor. Plus, you get access to a discounted fee. Often, you can get robo-advisor help at a rate that's lower than you'd pay at a full-service broker.

This can be a reasonable option if you're looking for a way to “set it and forget it” without paying a huge management fee and if you aren't too fussy about personalizing your investment portfolio.

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