Cheapest Online Stock Trading Brokerage

Free Trades Cheapest Online Stock Trading

While most stock brokers cost from $5 to $10 per trade, the company with the cheapest online stock trading is Robinhood. Currently, they are the only broker that offers unlimited $0 commission trades. Other brokers may offer discount stock trading for the first few trades, but Robinhood will never charge for online stock trades.

Unlike most brokerages, Robinhood makes money more like a bank by earning interest on uninvested deposits and from traders borrowing money in margin accounts. They also have had over $66 million invested directly into them from investors wanting a piece of the company.

Related: Stocks vs Forex: Why Trade Forex?

Zero Commission Trades: How is that Possible?

For a long time now, online stock trading has been mostly automated by computers, making it cost virtually nothing for stock transactions. However, major brokerages have been reluctant to eliminate trading fees completely in order to pay for expenses like financial advisers, money managers, call centers, and physical buildings.

Robinhood has reduced costs to well below their profit potential, even without the $66 million invested in them directly, so they have passed on the savings in the form of the unlimited discount of free trades. This is their competitive advantage over the competition, and it makes them the cheapest discount online stock trading company available. You can trade completely for free.

Cheapest Online Stock Trading: Benefits of Robinhood

Robinhood is a member of FINRA (Financial Industry Regulatory Authority) and SIPC (Securities Investor Protection Corporation), which means your money is protected up to $250,000 in the same way a bank insures their account-holders money. The primary benefits they offer include:

  • Real-Time Trades
  • No Minimum Balance
  • Unlimited Free Trades
  • Mobile Access

Stock trading with Robinhood is perfect for practicing day-trading as well as for swing trading. Most successful long-term day traders aim for only a 1% gain on their trades in order to achieve a high success rate. If trading with $25,000 in a margin account using four times the buying power ($100,000) then that 1% is a $1,000 gain. However, when trading with smaller amounts, typically trading fees will eliminate any potential profits that would have been gained.

With Robinhood, you can practice day trading using these highly successful strategies of professional day traders, and your 1% gain will actually be a profit (even on small amount of money).

Robinhood's Mobile App for Google and Apple

Currently, Robinhood's trading platform is only available for Google Android OS and Apple iOS. The trading app cannot be used on a traditional computer or web-browser. If you do not currently own an Apple iPad or Google Tablet, spending a little bit extra in order to access unlimited free trades through Robinhood's app is well worth it.

Here's the link to Robinhood's website. Note: No one from receives any commission from referring Robinhood. This recommendation is from personal experience of using Robinhood's trading app, and from a sincere appreciation of $0 commission trades.

Stocks vs Forex: Why Trade Forex?

Want to easily calculate your stop-loss and profit goals?

Download this easy-to-use Stock Profit Calculator. Just type in the stock price and it will automatically fill with stop-losses and profit goals. You can also change the percentages to match your personal needs, as well as enter in your margin use in order to keep your stop-loss at -1% of your account value.

Normally $15, the cost is currently only $9.

Stock Profit Calculator for Daytrading/Day traders -

Get the Stock Profit Calculator now for $15 $9.

Learn How to Day Trade in 3 Steps

Day Trade to Win

How to Day Trade with Daily Volatility (Stock Selection)

Day Trading Strategy Basics

Day Trading Myths

Turn $2,000 into $514,172 in 5 Years by Day Trading

Pattern Day-Trade with Less Than $25,000

How it Actually Feels to Day Trade

Day Trade Articles

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