What discount broker would be best for a SEP IRA account with frequent, real time trades? I don’t care about research quality. Mainly looking for the broker with the cheapest trading fees. (Yes, I know this is not the best strategy for . This is a secondary account in which I will put only what I can afford to lose. I’m doing it for fun and for a learning experience.)

 

  • Jeremy H 1:10 am on October 6, 2009

    Well a wrap account might be a good option rather than racking up $7 per trade fees, you instead get charged a % of your assets per year, bank of america has one that is pretty cheap.

  • Judy 1:10 am on October 6, 2009

    Don’t go through Schwab or Fidelity.
    Their online trades are expensive if you are just looking to play.
    There are some that offer free trades or very cheap trades.
    Be careful, they will have inactivity fees if you trade less than a certain amount.
    Stay away from any with annual fees.
    Google all the companies like ING , tdameritrde, scottrade
    and print out their fees – use a highlighter and make a wise decision.
    /

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