Cheaper Commissions Not Always Cheaper!

Hi All,

These days it seems that everyone is going for the lowest commission schedule around, looking for ever cheaper commissions on stock trades. This desire has it's costs!

What you don't see by going to a cheaper commission schedule is that there may be strict restrictions in order to get the reduced commissions, the costs associated with other services may be higher, and you may also not get the full breadth of services that other brokerages offer.

1. Restrictions: These could come in the form of account balance minimums, trade count minimums, and qualification periods.

2. Other service fees: The costs for trading non-equity investments like mutual funds, fixed income, and