There are significant differences between the fees that different types of brokers charge. Table 38 presents a comparison between the fees charged by different brokers for identical services. The table refers to purchasing stock at $20 a share, in quantities of 100, 500 and 1,000 shares.  

Table 38

Typical Fee Ranges for Stock Purchases, at $20 a Share, According to Fixed Quantities (January, 2003)

100 Shares 500 Shares 1,000 Shares
Full Service Broker  $65 – $95 $119 – $249 $370 – $473
Discout Broker $17 – $75 $17 – $150 $17 – $180
Oline Broker $5 – $30 $5 – $30 $5 – $30