LowTrades is another online internet stock broker with low commission fee, $4.95 per trade. Investor can trade ETFs (exchange traded fund), stocks, mutual funds, and options. Several reasons to choose LowTrades are:
- LowTrades’ commission rates are among the lowest among its brokerage competitors.
- It provides quality executions for your trading experience.
- It offers variety of trading tools including Level 2 quote, logical orders, streaming quote, etc
- It offers account protection since it is a member of SIPC and FINRA. It also provides additional protection through its clearing firm, Legent Clearing under Lloyd’s of London for securities and cash in addition of SIPC coverage. Also, it provides 100% encryption technology for your account information, trading, etc.
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| LowTrades Logo |
Cons of LowTrades:
- It charges semiannual inactivity fee
- Doesn’t have any software platform or mobile platform
- Doesn’t offer future or forex tradings
- Mutual fund trades can only be done through broker
Details about LowTrades review and products on
Best Brokerages Review 2011 page.
