US Capital Markets

Comparing Fees

There are significant differences between the fees that different types of brokers charge. Table 38 presents a comparison between the fees charged by different brokers for identical services. The table refers to purchasing stock at $20 a share, in quantities of 100, 500 and 1,000 shares.  

Table 38

Typical Fee Ranges for Stock Purchases, at $20 a Share, According to Fixed Quantities (January, 2003)

100 Shares 500 Shares 1,000 Shares
Full Service Broker  $65 - $95 $119 - $249 $370 - $473
Discout Broker $17 - $75 $17 - $150 $17 - $180
Oline Broker $5 - $30 $5 - $30 $5 - $30
Comparing Fees588  Comparing Fees