Raleigh, NC, September 14, 2011 --(PR.com
)-- Sarah M. Place, President and CEO of Place Trade Financial, Inc., [Member FINRA, SIPC], (http://www.placetrade.com), a global full service, discount broker and online trading firm, announced that the firm has lowered its online stock, bond, option and margin rates to some of the lowest rates in the financial services industry. While continuing to offer the lowest commission rates of any known national full service broker dealer; Place Trade has shown that they are true competitors in the online trading arena as well.
In addition to the benefits of the already low commissions and margin rates; Place Trade clients receive savings on their investments via price improvements. In an industry wide Execution Price Comparison, Place Trade’s clearing firm was shown to offer a $0.30 price advantage - meaning that experienced traders enjoy verified Net Dollar Price Improvement vs. the national best bid/offer price on their trades. These numbers offer a significant savings to investors who often unknowingly may pay a much higher overall price per transaction while saving a couple of dollars on fixed rate or “free” commissions.
Place Trade’s ultra low commissions for experienced online traders are:
Online stock commissions are only $0.01 per share (All-in - minimum $2.95).
Online option trades are only $0.75 per contract (All-in - minimum $1.50).
Place Trade’s margin rates are significantly lower than the national average as well. Current rates range from as low as 1% and are capped at less than 2.10% on lower balances. Both online traders and full service clients will benefit from these ultra low margin rates.
“We are thrilled to offer our clients some of the lowest commissions and margin rates of any national broker dealer,” said Place. “In an era where many firms claim to offer flat or low fees or even free trading Place Trade reminds investors that there is no such thing as a free lunch. Place Trade never competes against its clients and always offers straight forward pricing without bloated fees or spreads that often make those “free” trades very expensive.”
Place Trade is on Facebook at http://www.facebook.com/PlaceTrade and on Twitter @PlaceTrade
Open a free account to trade stocks online today by filling out our simple application at http://us.placetrade.com/index.php/help-me/open-acct
About Place Trade Financial, Inc.:
Place Trade Financial, Inc., Member FINRA, SIPC (http://us.placetrade.com), is a global full service, discount brokerage firm with online trading. Headquartered in Raleigh, NC; Place Trade is currently celebrating ten years in the Triangle. Place Trade offers trading in over 90 market centers, spanning 19 countries, trading in several major languages and offering state of the art trading platforms for experienced online traders as well as professional traders and independent registered representatives. Clients can choose to work with an experienced financial advisor or trade online. Place Trade offers a full suite of financial products and services including stocks, bonds, mutual funds, options, 401(k) rollovers, retirement planning, college planning, wealth management, extensive trading tools, unbiased third party research and more. Place Trade is a Municipal Securities Rulemaking Board (MSRB) registered firm as well.
Place Trade has been featured on Bankrate.com, Forbes Magazine, SmartMoney and more.
For questions or comments, contact:
Place Trade Financial