Stock trading and investing is a complicated process. But it doesn't have to be. Choosing the best stock broker for your needs can help you cut through the noise and simplify the process of buying, selling, and holding investments.
The best stock broker will not only offer affordable trades but also provide tools and resources to help new investors learn about the market. This makes them great for beginners: You can quickly find a stockbroker that's right for you and use their tools to start building a portfolio.
eOption
eOption was born out of the need for a low-cost, streamlined brokerage firm to meet the demands of investors who wanted to buy and sell stocks at rock-bottom prices.Since our founding in 2007, eOption has been committed to providing low commissions for traders and investors. Our goal is to provide a simple, friendly, personalized service that enables you to save money and be more profitable with your trading and investing.
Our customers are self-directed investors who demand affordable, value-priced stock and options trades in U.S., Canadian and international markets. We are for investors who want a straightforward approach to trading stocks and options – with no hidden fees or account minimums.
TD Ameritrade
This is a review of TD Ameritrade. The firm has built an excellent reputation in the industry over many years and is a safe choice for your stock trading needs. find out here for moreTD Ameritrade is our top rated-forex broker. It has the most regulatory licenses among all brokers, including licenses from top-tier jurisdictions such as the US, UK, and Switzerland. It has the best desktop trading platform, both in terms of its ease of use and in the breadth of the tools it provides. In fact, it's the only broker to offer a dedicated standalone platform for options traders, which includes advanced features and a user-friendly interface.
It also offers competitive spreads for currency pairs and low fees overall. Finally, its research offerings are robust, including weekly reports on currency pairs from in-house experts.
Fidelity
Fidelity offers $0 stock trades by mobile app and online. It's the first brokerage to eliminate commissions for online U.S. stock, ETF, and options trades. The firm makes up for it with a $4.95 commission for trading on a desktop platform.Fidelity has also eliminated its annual fees for several mutual funds and ETFs, including some of its own Fidelity funds. However, this doesn't apply to all of its mutual funds and ETFs, so check the fine print carefully before moving your money in that direction.
The zero-commission trading move is designed to put pressure on other brokerages to lower their costs as well, which could lead to a price war among online brokers and a boon for investors.
Robinhood
Robinhood offers commission-free trading on standard-issue stocks and exchange-traded funds (ETFs). It also offers options trading and cryptocurrency trading services.ETRADE
ETRADE is one of the top-rated brokers for stocks and options trading, with a strong focus on digital services.The brokerage offers a wide range of account types, including retirement, margin and managed accounts to cater to the needs of different investors. It also offers educational resources that are suitable for all levels of investors
Webull
Webull is a stock brokerage platform that provides zero-commission trades on stocks and exchange-traded funds (ETFs). It also offers a generous sign-up bonus that lets you earn free stock when you open an account.Interactive Brokers
Interactive Broker is a brokerage that appeals to both the institutional-minded trader as well as the individual traders, which makes them a fairly popular avenue for traders. The brokerage offers an array of different investment products, including stocks, options, forex, futures and bonds.The firm also offers comprehensive research and educational information in an effort to help its clients do better in the market.
Charles Schwab
For decades, Charles Schwab has been a leader in discount brokerage. As the industry has evolved and diversified, Schwab has stayed true to its core mission: to make investing more affordable and accessible for ordinary investors Like many full-service brokerages, Charles Schwab has an online brokerage with a full array of investment products, including stocks, bonds, mutual funds and exchange-traded funds (ETFs).Ally Invest
Ally Invest is a low-cost brokerage that offers an easy-to-use trading platform, powerful research and excellent customer service.Ally Invest has been in business for over 20 years, but it's only been offering stock brokerage services for the last decade. In 2016, the broker acquired TradeKing and rebranded it as Ally Invest. The company is one of several discount brokers owned by Ally Financial Inc., one of the largest banks in the United States, which has held a five-star rating from BauerFinancial for more than 25 years.