What is a broker assisted trade?

Broker assisted trades are different than Interactive Voice Response, or IVR, trades. IVR trades allow clients to simply use their phone to place a trade without human assistance, whereas a broker assisted trade is placed by a licensed broker live.

How much does it cost to trade with a broker?

Brokers that do not charge a base rate are listed as "$0.00" throughout the site. Options Trading Per Contract Fee: Most online brokers charge a base option fee and then a commission for each individual contract.

What are brokerage fees?

In rare instances, brokers may collect fees from both the insurer and the individual buying the insurance policy. In the financial securities industry, a brokerage fee is charged to facilitate trading or to administer investment or other accounts. The three main types of brokers that charge brokerage fees are full-service, discount, and online.

What is the difference between IVR and broker assisted trades?

IVR trades allow clients to simply use their phone to place a trade without human assistance, whereas a broker assisted trade is placed by a licensed broker live. Mutual Fund Trade Fee: The commission charged to place a mutual fund trade depends first on the type of fund you are trading.