Most Teenvestors can’t afford to go to full-service brokers to buy or sell stock. This section tells you what you should know about the more inexpensive online brokers you are likely to find.
Basic Online Brokers
You should look into the services of the brokers in the list below. They are the most affordable online brokers that that we can find. They generally offer low-cost basic trading services, low minimum balance requirements, and low in-activity fees. For example, FirstTrade and OptionsXpress charge $6.95 and $14.95 respectively for buying and selling shares and they have no minimum balance requirements (although they charge an inactivity fee if they determine that you are not an active trader.)