Monthly Savings: Variable; $100 or more at a rate of one trade per month
Annual Savings: Variable; up to $1,200 or more at 12 trades per year
Traditional, full-service brokerage firms can charge you hundreds of dollars per trade. However, well-known, reliable discount brokers like Fidelity still have brick-and-mortar branches and charge only $4.95 per online stock trade. To cut costs even more, you can do your trading with online-only broker Robinhood, which receives zero commissions on stock trades.