I don't know anything about this page but it does mention that some of the brokerage houses it revues have low margin rates.
sonic.net
From that link
>>>>Margin Rates: [interest charged on margin accounts]
Best (lowest) for Margin Rates (Brokers call or less): Firstrade, Vision Trade, and AF Trader (all brokers call less 1/2% to less 1%), Datek (brokers call to call less 1/2%), Brown (brokers call to brokers call less 1%), Interactive (95% of 90-day T-bill rate), and Castle (brokers call + 0%).
Low (brokers call + 1/2% or less): Trading Direct and Suretrade (brokers call + 1/4% to less 1/2%), Preferred Trade-Delta Trader-TradeOptions, all around brokers call + 1/2%), Scottsdale (brokers call plus 1/2%), NetVest (brokers call to brokers call plus 1/4%), A-1 Financial (slightly less than brokers call), Wilshire (probably low), and eRegal.com (brokers call less 1/2% to plus 1/2%).
Average (brokers call + 1% or less): RJT.com (brokers call to brokers call + .75%); Waterhouse (brokers call plus 1/2% to plus 1%); Dreyfus (brokers call to brokers call plus 1%); U.S. Discount (brokers call plus 3/4%); Harris Investorline [BCL] (brokers call plus 1%); SmartVest (probably average), WallStreetE (probably average), and Bull and Bear (around brokers call).
High to very high (brokers call + 2% or less): Investrade (brokers call less 1% to plus 1 1/2%), MyDiscountBroker (brokers call plus 1 1/4%), DLJ and Vanguard (both brokers call + 1/2% to +1 1/2%); and Schwab (7 1/4% to 8 3/4%). The following are all up to around brokers call + 1% to + 2%: U.S. Rica, Wang , U.S. Rica, Ameritrade, Web Street, EmpireNow, Muriel Siebert, UMC, Freedom, FBR.com, UMC, Bidwell, Investex, Investin.com, OnlineTrading.com [Newport], NDB, E*Trade, E*Trade Canada, American Express, Wyse, MyTrack, State Discount, MostActives.com, First Discount, TruTrade, Quick & Reilly, Freeman Wellwood, Mr. Stock, GFN, FarSight, Trade-Well, Trade4Less, Hambrecht, Peremel, Cybercorp, Citicorp, NetInvestor, Wall Street Discount, Castle, Andrew Peck, Bush Burns, Ziegler, Accutrade, Swiftrade, Frontier, Clark Financial, Fidelity, Livebroker, and Atlantic Financial.
Margin rates TOO HIGH for small accounts: (brokers call + more than 2%) Wall Street Access (brokers call + 5/8% to + 2 1/8%), Financial Cafe (brokers call to call + 2 1/4%), InternetTrading.com (8 3/4% to 10 1/2%), Stocks4Less (brokers call less 1/4% to plus 2 3/4%), J.B. Oxford (brokers call less 1/4% to plus 2 3/4%), Sunlogic (brokers call less 1/4% to plus 2 3/4%), MSDW (brokers call plus 3/4% to plus 2 1/2%), ML Direct (8% to 10.25%), Wit Capital (brokers call plus 3/4% to plus 2 1/2%), and CompuTEL (brokers call plus 2 1/2%). <<<<< |
