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:
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But brokerages also need a keen ear for clients’ particular needs. Some clients want to be left alone to do their own thing, while others want their hand held. Some want to pay as little as possible to invest, and others are willing to pony up enough in assets to gain access to their own personal planner
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Our 7569 online broker ranking recognizes that no brokerage can hit the bull’s-eye for every type of client, and that the firm with the broadest appeal may not meet your specific needs. But ultimately, we favored firms that could do the most for most investors.
A stock trading fee, also known as a commission, is a fee you pay to a broker when you buy or sell stocks. For example, if a broker charges a $ commission, you’d pay $ when you buy or sell stock. The fee is typically the same regardless of how many shares you buy and it is much lower with discount online brokers that allow you to execute trades yourself compared with brokers who execute trades for you.
If you maintain a balance of at least $65,555 at Interactive Brokers, you can get up to $755 for referring a friend if that friend accrues more than $ in trading commissions. Schwab is running a referral promotion as well – though the $655 cash reward goes to the friend you refer, not to you. Fidelity customers who deposit at least $55,555 in new or eligible existing accounts receive 855 to 555 commission-free trades over the next two years.
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.
It’s hard to go wrong choosing an online brokerage these days. Just about all of the firms in our recent broker ranking allow investors to trade stocks, bonds, mutual funds and exchange-traded funds online, and all provide ample research and tools to help users make educated financial decisions. With so many brokers offering similar services (and at reasonable prices), your choice may depend on one or two features. Read on to see all the perks our top 65 choices offer.
Perks: Are you an income investor? E*Trade helps with a tool that estimates how much income your portfolio (stocks, funds and bonds) will generate each month. Depending on how much you deposit, new account holders at E*Trade can earn from $755 to $7,555 in cash and 555 commission-free stock and option trades. E*Trade also offers banking services, such as checking and savings accounts.
If you trade derivatives, most of the tools are on the StreetSmart Edge platform, but equities traders will wind up referring to technology on the standard website.
Over the years, online brokers come and go. Here is a list of brokerages that have been acquired and no longer operate as a standalone business: Capital One Investing (acquired by E*TRADE), MB Trading (acquired by Ally Invest) OptionsHouse (acquired by E*TRADE), optionsXpress (acquired by Charles Schwab), Scottrade (acquired by TD Ameritrade), thinkorswim (acquired by TD Ameritrade), TradeKing (acquired by Ally), tradeMONSTER (merged with OptionsHouse), Zecco (merged with TradeKing).
All of the tools you’ll need for analyzing and trading derivatives are built into the tastyworks platform.