Tradeking is probably one of the best low-cost online stock broker for beginners. It has a lot of useful tools to help to make the right investment decisions. Equity trades are just $4.95 for stocks priced above $2.00 (see commissions and fees for details). The broker is also suitable for advanced trader- it offers complex options trading ($4.95+0.65 per contract). One of my stock broker accounts is with Tradeking and I can highly recommend this discount broker (SmartMoney ranked Tradeking #1 in 2006 and 2007 as best discount broker).

Here are some other fees:

No inactivity fee!

IRA: Setup $0, Annual Fee $0, Closing fee $50

Mutual funds: No-load: Purchase $14.95 Sell $14.95 Load: Purchase $0 Sell $14.95

Minimum to open: $0 ($2,000 for margin accounts)

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