Top Stock Brokers
Ready to start investing, but not sure where to start? Finding the perfect brokerage firm can be a tricky task, especially if you’re new to the investment game. It’s important to understand the various features and options a firm makes available to you before you make your choice. Likewise, it’s vital to understand what a firm requires from you before you sign up.
Take a look at the comparison table A Richer You has put together below and find the best brokerage for your investing needs.
|Brokerage||Account Min||Trading Fee||Bonus|
|$0Account Min||$0 - Free!Trading Fee||Free share of stock after adding fundsBonus||Sign Up More Details|
OverviewRobinhood is the first no-fee investing app -- allowing you to buy single shares of any stock on the market. The intuitive and sleek app makes investing fun.
|$0Account Min||$4.95 / $9.95Trading Fee||Sign Up More Details|
OverviewBuy up to 30 stocks at one time for just $9.95 -- including fractional shares. Motif Investing allows anyone to create their own ETF by investing in industries or brands that interest them. This is one of the least expensive ways to create a diversified portfolio to meet your specific investment objectives.
|$0Account Min||$4.95Trading Fee||Sign Up More Details|
OverviewAlly Invest is an affordable stock broker that makes it easy to invest in individual stocks, options, or ETFs. Enjoy a wide range of investment options at an affordable rate. Ally investing offers both traditional stock trading and robo advisor services.
|$0Account Min||$4.95Trading Fee||60 days of commission-free trades with a $5,000 initial depositBonus||Sign Up More Details|
OverviewOptionshouse is a competitive discount brokerage that offers low commissions and advanced tools for trading -- with a focus on options.
|$2,500Account Min||$6.95Trading Fee||Free trades and cash bonusBonus||Sign Up More Details|
OverviewScottrade is often recommended for beginners, with its easy to use platform and exceptional customer service.
|$0Account Min||$6.95Trading Fee||Trade free for 60 days plus get up to $600Bonus||Sign Up More Details|
OverviewTD Ameritrade is one of the largest investment brokers in America. With thousands of fee-free mutual funds and ETFs, it's possible to develop a diversified portfolio without spending a penny on transaction fees.
|$2,500Account Min||$4.95Trading Fee||Receive a cash bonus of up to $2,500Bonus||Sign Up More Details|
OverviewFidelity is best known for its business retirement accounts, but they also offer DIY investors with a discount brokerage option. Their collection of no-fee mutual funds and ETFs make them an attractive broker for anyone looking to grow long-term wealth.
|$500Account Min||$6.95Trading Fee||Trade free for 60 days plus get up to $600Bonus||Sign Up More Details|
OverviewOne of the most recognizable names in the business, E-Trade has long been at the forefront of online trading. With an easy-to-use platform, apps, and commission-free ETFs, this platform offers substantial value to both amateur and experienced investors.
|$1,000Account Min||$4.95Trading Fee||Get 500 commission-free equity and options trades for two yearsBonus||Sign Up More Details|
OverviewCharles Schwab has long been one of the leaders in the investment market. With recent reductions to trading fees and an increase in services offers, Charles Schwab has set itself apart as an affordable service for investors who expect premium quality.
|$10,000Account Min||$0.005 - per shareTrading Fee||Sign Up More Details|
OverviewInteractive Brokers offers a low cost option for active traders -- with a variety of international investments in addition to traditional stocks, mutual funds, and ETFs.
|$0Account Min||$6.95Trading Fee||Get up to $600 for a new accountBonus||Sign Up More Details|
OverviewThe brokerage service of well-known Merrill Lynch, Merrill Edge provides access to a wide range of investments including over 5,000 no-commission mutual funds.
|$0Account Min||$6.95Trading Fee||$50 after your first tradeBonus||Sign Up More Details|
OverviewCapital One Investing provides an easy-to-use platform for beginning investors with low minimums and fees. This services is particularly beneficial to Capital One customers -- as they can access their investments from the same account as their credit cards and bank accounts.
|$5,000Account Min||$5Trading Fee||$50 after your first tradeBonus||Sign Up More Details|
OverviewTradeStation has been ranked as one of the best day trading platforms available. Pay per trade or per share, and keep track of your investments with their complex tools -- available on both computers and mobile devices.
|$5,000Account Min||$4.50Trading Fee||Sign Up More Details|
OverviewLightspeed Trading is a discount brokerage that specializes in day trading. In addition to an already affordable rate, LT offers discounts based on monthly trade volume.
From the table above, it’s easy to see that there are a variety of aspects you should compare when seeking out a brokerage firm. But before you can determine which option will be the best fit, it’s important to have a good understanding of what you need and want. Before you make your choice, ask yourself some questions. What are my investment goals? How much do I want to/can I invest? Do I have the funds to cover the minimum investment required?
It’s also a good idea to investigate the history of each brokerage. Do they have a name you’ve heard of or a brand or association you recognize? It’s not always important to go with a big-name firm, like TD Ameritrade or Charles Schwab, listed above. In many cases, a lesser-known firm might offer you better rates and lower fees, however, bigger names typically offer more in the way of free research, trading platforms and instruments, and often more access to continuous support.
Check out the brokerage firms listed above and explore your options before you settle on a brokerage. This decision impacts the future of your financial health, so educate yourself to make the wisest choice.