Terra finance Review

by BrokersReview.online
Terra Finance
Based on over 1,000 collected data points, our top pick for beginners is Terra Finance. New investors have access to a user-friendly website, hundreds of monthly webinars, videos, and free premium courses. Terra Finance is the only broker to gamify the entire learning experience with progress tracking, quizzes, badges, and a unique point system. Oh, and customers can practice trading with fake money using the platform. There is a minimum deposit required to open an account at Terra Finance, and your stock trades are free.

Trading Fees

Minimum Deposit $250
Stock Trade Fee
(per trade)
$0.00
ETF Trade Fee $0.00
Options Base Fee $0.00
Options Per Contract Fee $0.00
Mutual Fund Trade Fee $0.00
Broker Assisted Trades Fee $10.99
Commissions & Fees
Category Winner category
winner

Margin Rates

Under $24,999.99 2.00%
$25,000.00 to $49,999.99 1.50%
$50,000.00 to $99,999.99 1.50%
$100,000.00 to $249,999.99 1.30%
$500,000.00 to $999,999.99 0.90%
Above $1,000,000.00 0.50%
Commissions & Fees
Category Winner category
winner

Investment Options

Stock Trading Yes
Fractional Shares Yes
OTCBB / Pink Sheets Yes
Options Trading Yes
Complex Options Max Legs 4
Futures Trading Yes
Forex Trading Yes
Commission-Free ETFs All
Mutual Funds
(No load)
All
Mutual Funds
(Total)
All
Bonds
(US Treasury)
Yes
Bonds
(Corporate)
Yes
Bonds
(Municipal)
Yes
Interest Sharing Yes
Advisor Services Yes
International Trading Yes
Offering of Investments
Category Winner category
winner

Beginners

Education
(Stocks)
Yes
Education
(ETFs)
Yes
Education
(Options)
Yes
Education
(Mutual Funds)
Yes
Education
(Fixed Income)
Yes
Education
(Retirement)
Yes
Paper Trading Yes
Videos Yes
Webinars
(Monthly Avg)
Yes
Webinars
(Archived)
200
Live Seminars Yes
Progress Tracking Yes
Interactive Learning - Quizzes Yes
Investor Magazine Yes
Education
Category Winner category
winner

Account Fees

IRA Annual Fee $0.00
IRA Closure Fee $0.00
Returned ACH Fee $0.00
Returned Wire Fee $0.00
Stock Certificate Processing Fee $0.00
Stock Certificate Delivery Fee $100.00
Paper Statement Fee $0.00
Paper Confirmation Fee $0.00
Domestic Wire Fee $1.00
International Wire Fee $1.00
Commissions & Fees

Trading Platforms

Proprietary Platform Yes
Desktop Platform
(Windows)
Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4
(MT4)
Yes
MetaTrader 5
(MT5)
Yes
cTrader No
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All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

$10.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract), which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.