FAST FACTS
- Account Minimum: $0.00
- Fees: $0 for stocks & ETFs / $0.65 per contract options fee
Why we choose PreMarkets
PreMarkets has repeatedly topped the list of the most low-cost online brokers. However, its lower fees and spreads are not the only source of its credits. The broker has several other attractive perks for different types of traders and investors.
Lower fees and spreads
PreMarkets has continually championed low-cost online investing to create a leveled playing field for all investors. That has seen it eliminate several common fees such as account minimums, domestic wire transfer fees, checking fees and inactivity fees. It has also kept the margin interest rates below the industry average.
Excellent trade executions
PreMarkets leverages proprietary order routing algorithms to search for and deliver the best available prices. The technology automates the entire order routing process but, traders can still route orders to specific markets.
Access to diverse asset classes
PreMarkets has constantly broadened its portfolio with several new offerings to give clients more flexibility. Apart from the conventional asset classes, the broker also provides a range of products with fixed returns.
Round-the-clock customer support
PreMarkets ensures a more fulfilling user experience with 24/7 customer support. They have experienced and friendly agents to deliver on-demand customer service.
Overview
PreMarkets may not be a widely popular brokerage but, it offers a fair share of the benefits that many traders and investors often look for when choosing an online investing platform. Apart from the low fees, access to diverse asset classes and excellent trade executions, PreMarkets also provides great customer support that boosts the overall user experience. Nonetheless, PreMarkets is only accessible in a few countries and territories.
Pros
- Lower fees and spreads
- Excellent trade executions
- Access to diverse asset classes
- Round-the-clock customer support
Cons
- Limited in-app customizability
- PreMarkets is not available in some countries
Trading Experience
The overall trading experience on PreMarkets is both straightforward and seamless. Its desktop, web and mobile versions boast user-focused designs, with easy to use tools and features. Their simplistic menus facilitate seamless navigation for all levels of traders and investors. Besides, PreMarkets’s platforms integrate almost the same functionalities.
PreMarkets’s proprietary order routing software is one of the highlights of its user experience. The software routes orders to numerous market centers including automated exchanges. Then, it automatically executes each trade at the most low-cost market center. That enables you to get the best available prices in the market.
Traders using PreMarkets’s platforms also have access to several fundamental tools and amenities including screeners, charting, trading idea generators, portfolio analysis, calculators, research and news. The platforms also support multi-leg options but, conditional orders are only accessible on the PreMarkets desktop version.
Range of offerings
PreMarkets provides an extensive selection of assets to meet the needs of different types of traders and investors. Its portfolio comprises an impressive mix of conventional assets, new asset classes and fixed income offerings. The goal is to make it easier for every investor and trader to pursue their preferred investment strategy. Here are PreMarkets’s range of offerings.
| Stocks | ETFs | Options | Bonds |
| Mutual Funds | Forex | Cryptocurrencies | Commodities |
Costs
PreMarkets has constantly revamped its pricing policies to facilitate low-cost online investing. The following are the key attributes of PreMarkets’s pricing.
- Zero account minimum
- No fees for stock and ETF trades
- $0.65 per contract fee for options trading
- No commissions for software, domestic wire transfers, checks, trade confirmations and account inactivity
- International trades incur exchange fees
- Live broker fee is $32 per trade
PreMarkets mainly uses per-share or per-contract pricing that allows it to keep the fees and margin interest rates significantly lower to customers.
Customer service
PreMarkets provides 24/7 customer service via multiple channels including phone, email, messaging and online chats. You can also get in touch with their live brokers for in-depth insights about trading strategies and executing trades but, their services usually come with extra costs.
Who is PreMarkets best for?
PreMarkets is a low-cost brokerage that offers user-friendly trading platforms, access to diverse asset classes and excellent customer support. While all types of investors can take advantage of those benefits, PreMarkets’s limited in-app customizability may not be quite appealing to more advanced traders. Overall, PreMarkets is best for beginners and passive investors.
Disclaimer: This is sponsored marketing content