Before
you are able to trade ETF, you need to set up a brokerage account. The commission you pay can range from under
$10 for discount brokers to several hundred dollars for traditional
brokers. TDAmeritrade, E-Trade,
Scottrade, and Interactive Brokers are the most popular discount brokers. You can get some sense about the brokerage
houses from the following link:
On the
other hand, Wells Fargo and Merrill Lynch provide good deals to qualified
investors.
Wells
Fargo provides 100 free trades per year if your portfolio meets certain
criteria. Please browse the following
links for reference.
Merrill
Lynch provides 30 free trades per month to qualified customers. You can get
more detail from this website:
The following link provides reviews
for most stock brokers based on ratings, commissions, and minimum amount to
open an account.
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