Livevol differs from many other online brokerages by offering a trading fee structure based on the number of shares traded; other brokerages usually have a flat fee amount. Livevol charges $0.0065 per share traded. This is advantageous depending on the volume you intend to trade. Very high volume traders may gain more benefit from selecting a flat fee brokerage.
A fee structure based on the number of shares transacted may not be right for everybody. Depending on the share volume you plan to trade per transaction, it may be better to go with a flat fee brokerage. Use our calculator to assess if your expected share volume per transaction benefits from a per share fee structure.
For a transaction of 1,000 shares, Livevol will charge you $6.50. As with any decision, make sure to review the offerings for the suggested brokerages to see if they are in line with your expectations. In addition consider the requirements for opening and maintaining an account.
Livevol structures its options trading with a base fee that is charged in conjunction with a fee per options contract. The base trade fee is $1.50, which is fairly low compared to other online brokers, and the fee charged per contract is $0.65. Therefore, the total amount you would be charged for completing a trade of 10 options contracts would be $8.00.
Livevol's online trading platform offers streaming quotes & charts, stop & conditional orders, independent investment research, account alerts, and retirement & savings calculators. In terms of charting, the company provides basic options for traders.
Livevol offers the following advanced trading tools: online trader community, technical chart analysis, and complex orders.