Broker commissions and fees can cost you hundreds, or even thousands, a year. These investing apps let you trade for free, or next to nothing.
Key Points
Full-service brokerages range from 0.25 percent to 0.75 percent of a trade's total value. Annual maintenance fees of 0.25 percent to 1.5 percent of the assets can add up even quicker. Investing is a risky venture. At any given time, the money you hoped would generate healthy returns can disappear with little warning. So why spend more than you have to on fees for everything from trades to account maintenance to not using a service frequently enough?— thousands, in some cases. And oftentimes the assistance you get for that money is negligible. Full-service brokerages range from 0.25 percent to 0.75 percent of a trade's total value. And annual maintenance fees of 0.
Of course, you'll need to find a trading solution that works best with your investment strategy and finances. Fortunately, there are an ever-growing number to choose from. To find the one best suited for you, determine how deep down the investing rabbit hole you want to dive.
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