ShareBuilder
Review
Broker Profile
ShareBuilder is an online broker that is an extension of ING Direct. It is well known for its
proprietary software that provides automatic investing programs with stocks, options, and mutual funds for its investors. ShareBuilder is continuously improving their trading
system to make it as easy and yet effective as possible to successfully invest.
Our ShareBuilder review provides trade platform screenshots,
detailed commissions information, and online broker ratings. Also
discover how ShareBuilder placed in the most recent
2010 Barron’s
Review of Online Brokers as well as the
2010 SmartMoney Broker
Review**.
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ShareBuilder
Commission Notes
ShareBuilder offers two different plans that allow for not only automatic investing but also regular equities trades. The Basic plan does not have a cost while the Advantage plan costs $12 per month. Full commissions schedule breakdown below.
Stock Trades - Automatic investments - For the Basic plan, automatic investments are $4 per trade, and with the Advantage plan 12 trades are included each month with each additional costing $1. It should be noted that all automatic trades are made on Tuesdays.
Non-automatic investments - For non-automatic trades, market orders cost $9.95 for the Basic plan and $7.95 for the Advantage plan. For stocks priced under $1.00, add $.007 per share. Phone orders are available for $19.95 per trade.
Options Trades - For the Basic plan, options trades are $9.95 + $1.25 per contract, and with the
Advantage plan options trades are $7.95 + $.75 per contract. Assignments cost $20 per assignment. This $20 rate also applies to any automatic exercise.
Mutual Funds - ShareBuilder offers access to 170 different funds. Cost per transaction is $19.95.
Other Investments - ShareBuilder does not currently offer futures, bonds, or forex trading.
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