Any Brokers Left With No Minimum and No Maintenance?

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Besides Sharebuilder, are there any brokers with no minimum balance and no rip-off quarterly maintenance fee?

Buy and Hold is similar to Sharebuilder, main difference is you have more 'windows' to place trades in, three per day vs one per week for Sharebuilder.

Plans are

- two window trades/mo. at $6.99, $2.99 for each additional
- unlimited window trades per month at $14.99
- real time market orders at $19.99 each

All statements and trade confirms are electronic, nothing is mailed out. You will get the 1099's mailed to you when tax time comes around.

I've been using them for over a year and have had no problems, other than having to print out all my trades & statements (I'm doing Dollar Cost Averaging, around 20-25 trades twice/mo).

Scottrade has no maintenance/inactivity fees, but requires a $500 minimum initial investment. They also have very low commissions ($7 for market order trades) and I believe no fees for mutual funds. That's probably the best deal you'll get, short of time-warping yourself back to 1999.

However, remember that although their commissions are low, if you're trading stocks in small dollar amounts the commissions may take a big enough bite out of your trades so as to not make it worthwhile.

Thanks Usmaple. That's just the information I needed. <img src="i/expressions/face-icon-small-smile.gif"border=0>

Goodbye, Ameritrick, er, I mean Ameritrade.

According to this week's Barron's, the following companies do not have maintenance fees:
Brokerage America
Brown & Co
Cyber Trader
Mr. Stock
Wall St Electronica
Wall St Access
But do check first because they also list ML Direct which I know for sure have very hefty fees.

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