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Like the high dividend yield Dow stocks of the Dogs of the Dow >>
Once you know exactly how and when you are going to buy and sell your stocks, it is then necessary to keep costs low. Basically one should consider a deep discount broker. Why pay for a full service broker if you already know which stocks you are going to buy? The following table lists the best online brokers for the Dogs of the Dow investor. From this exclusive list you can easily investigate further and determine which broker best meets your needs.
If you have any insight into any one of the Top Dog Brokers, feel free to fill out our Top Dog Brokers Comment Form. To see what your fellow Dogs of the Dow investors are saying about our exclusive list of best online brokers, check out our
Top Dog Brokers Feedback page.
If you would like to be notified whenever there is a revision to the Top Dog Brokers plus get the latest results from the Dogs of the Dow Broker Survey, sign up to the Dogs of the Dow Mailing List. It's Free!
| Brokerage1 | Transaction Cost2 | Broker Login | Commission Schedule3 | Additional Fees3 | Dogs of the Dow Investor Feedback | Notes |
| Interactive Brokers | $1.00 and up | Interactive Brokers Login | Interactive Brokers Commission Schedule | Interactive Brokers Additional Fees | Interative Brokers Reviews | 2 pricing structures:flat rate ($0.005/share with a $1/trade minimum) or cost PLUS (commissions are based volume). Additional fees may apply.Typically $10,000 minimum is required to open an account. Depending on account type and age, minimum can be lower. IRAs minimum is 5K and investors younger than 21 have a 3K minimum. |
| TradeKing | $4.95 | Trade Login | TradeKing Commission Schedule | NA | TradeKing Reviews | No minimum deposit required. |
| Zecco | $4.95 | Zecco Login | Zecco Commission Schedule | NA | Zecco Reviews | No minimum deposit required. |
| Scottrade | $7.00 | Scottrade Login | Scottrade Commission Schedule | NA | Scottrade Reviews | High customer satisfaction4 $500 minimum initial deposit. Majority of trades needs to be done on the internet to qualify for internet rate. No account maintenance fees. |
| Fidelity | $7.95 | Fidelity Login | Fidelity Commission Schedule | NA | Fidelity Reviews | Lower fees available based on number of trades/year and assets of account holder. $2,500 minimum initial deposit required on Fidelity Account. Possible inactivity fees for low account balances. (see additional fees link for details) |
| Schwab | $8.95 | Schwab Login | Schwab Commission Schedule | NA | Schwab Reviews | $100-1,000 minimum initial deposit, depending on account type. Minimum waived if monthly transfer is set up. No account maintenance fees except for personal defined benefit plan accounts. (see additional fees link & dig through PDFs to find out more) |
| USAABrokerage | $8.95 | USAABrokerage Login | USAABrokerage Commission Schedule | NA | USAABrokerage Reviews | Lower fee of $5.95 is available based on number of trades and assets of account holder (>25 trades/90 days or >16 trades/90 days and assets>$50,000). |
| OptionsXpress | $9.95 | OptionsXpress Login | OptionsXpress Commission Schedule | NA | OptionsXpress Reviews | Fees are highly cutomizable and differ based on the type of products traded (options, stocks, mutual funds, bonds, futures, currency) as well as trading style. Broker assistance is free. No minimal balance. |
| E*Trade | $9.99 | E*Trade Login | E*Trade Commission Schedule | E*Trade Additional Fees | E*Trade Reviews | Fees vary based on number of trades per quarters and Etrade accounts balance. A quarterly account service fee and other maintenance fee may be applied (see additional fees link & dig through details of fee schedule to find out more) |
| Thinkorswim | $9.99 | Thinkorswim Login | Thinkorswim Commission Schedule | NA | Thinkorswim Reviews | Fees are highly cutomizable and differ based on the type of products traded (options, stocks, mutual funds, bonds, futures, currency) as well as trading style. Thinkorswim is part of TD Ameritrade. As of July 28th, 2011, all new thinkorswim account application are processed by TD Ameritrade. |
| TD Ameritrade | $9.99 | TD Ameritrade Login | TD Ameritrade Commission Schedule | TD Ameritrade Additional Fees | TD Ameritrade Reviews | $1,000-2,000 minimum initial deposit, depending on account type and any applicable special promotional offers. No account maintenance fees. |
| Vanguard | $20 | Vanguard Login | Vanguard Commission Schedule | NA | Vanguard Reviews | Lower fee of $7 for the first 25 trades in the year. For stocks, fees vary based on whether or not funds are invested in Vanguard products (e.g. Vanguard funds, Vanguard ETFs.etc) |
1 - To be a Top Dog Broker, the brokerage in question must be relatively well known (i.e. significant market share), reputable, charge $20 or less per trade, and offer a relatively straight forward commission schedule.
2 - Commission rates are for internet based orders on listed securities with less than 1000 shares per trade.
3 - Always review the commission and fee schedules before applying since all commissions and fees are subject to change.
4 - Customer satisfaction based on the latest results from the Dogs of the Dow Broker Survey. If you would like to receive the latest results, sign up to the free Dogs of the Dow Mailing List.
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