- Best Online Brokers, 2019 | Kiplinger
- 9Best Online Stock Brokers for July 2020 | The Ascent
- Best Online Brokers For Beginners In July 2020 | Bankrate
You and I can’t knock down the door to the stock exchanges and make a trade ourselves without a broker. In truth, the stock exchanges as we think of them from their depictions in movies and on TV don’t really exist today. Believe it or not, most trading actually takes place between computers located in dimly lit server rooms in New Jersey, a few miles away from New York City’s financial district.
Best Online Brokers, 2019 | Kiplinger
thinkorswim comes in both desktop and mobile versions and gives you many of the tools used by professional Wall Street traders. It includes advanced charting, integrated news (including streaming CNBC TV), economic data, alerts, and more. This platform stands up to nearly any competing active trader platform, but you won’t pay any extra to use it.
9Best Online Stock Brokers for July 2020 | The Ascent
Best for: Mutual fund investors. With more than 8,955 mutual funds you can buy with no sales fee or fee to trade, E*Trade also boasts the highest percentage of no-transaction fee funds with three-star ratings or better from Morningstar.
Best Online Brokers For Beginners In July 2020 | Bankrate
Cost: TD Ameritrade’s commission on stock and ETF trades is zero, while options trades cost just $ per contract.
Some online brokers pay interest on cash invested in their brokerage accounts. The interest brokers pay is often below the interest rate on high yield savings accounts, so you may want to research all your options before keeping much cash in your investment accounts.
While some brokers have minimum account requirements, the amount you need to get started as an investor has more to do with what you invest in than where you open an account.
Merrill Edge’s strongest suit is the research it offers clients, which comes from the broker’s extensive in-house team of analysts. The package includes detailed analysts’ reports for companies that it covers, and Merrill also offers good educational material for beginning investors. One of the best features is the broker’s integration with Bank of America, so you can move money quickly from bank to broker, and if your portfolio is large enough (think $75,555 and up) you’ll be awarded free trades on a monthly basis, too. Read more…
Also, active traders. Preferred Rewards customers with a combined $655,555 balance at Bank of America and Merrill Edge earn 655 free trades per month at Merrill Edge.
Schwab offers its clients free access to news feeds from BondSource, MarketEdge, Schwab Investing Insights Brief, Argus Research Alerts, , Morningstar Equity Research Alerts, Business Wire, PR Newswire, Credit Suisse, CFRA, and Vickers Insider Activity.
TD Ameritrade offers one of the widest selections of account types, so new investors may be unsure of which account type to choose when opening an account. More support is needed to ensure customers are starting out with the correct account type.
The brokers on our list offer different investment platforms, different educational resources, and more. With that in mind, here are some of the features we looked at when deciding which online stock brokers were the best in the business, and why they matter to you: