We charge just under $19.95 for market orders, and $29.95 for limit/stop orders. There are definitely cheaper brokers out there, but our rates surely aren't the most expensive. Try reading the fine print of any brokerage fee schedule and you'll find that most of the time there are a number of conditions to get their best commission rate. For example, often you'll still pay $20+ if you aren't an active trader doing a certain number of trades per month.
In any case, we feel that these rates are reasonable to demonstrate the effect that commissions have on the overall return of a brokerage account. Beginning investors often fail to take these costs into account.
Another option you have is to create a new game with different values for the commission rates. You can do this on the advanced game creation page, which can be found here:
- Click on the Games tab on the Simulator home page
- Select Create a Game from the submenu
- Update your advanced settings under the Advanced Games Rules section