If you’re looking for the best online brokers, you’ve come to the right place. Whether you’re just starting in the world of finance or you’re an experienced investor, there are plenty of online brokers that can help you meet your financial needs.
This list of the most popular online brokers is based on customer rankings from major review sites and forums, so you can rest assured that whichever broker you choose, it’s highly rated.
- Fidelity Investments
Fidelity Investments is one of the world’s leading companies, with over $2.2 trillion in assets under management. Founded in 1946, the firm is currently in its third generation of family management. Through Fidelity’s network of retail brokerage firms, mutual funds, and other products, the company provides a broad array of financial services to more than 20 million individual and institutional clients, including more than 12 million IRA owners.
Stock trading used to be a game where only the wealthy and powerful players had a chance to win. Nowadays, you can play it from the comfort of your home by placing trades online. There are many different ways to place online trades, and a few companies have made it even easier by offering brokerage services. Take tastyworks, for example. It’s a broker headquartered in Charlotte, North Carolina, that offers online trades. In addition to its online trading platform, tastyworks offers its clients a trading app that you can access from your phone.
One of today’s hottest investing platforms, tastyworks, is the perfect place for people who want to combine their passion for the stock market with their passion for food. When you join tastyworks, you get to choose from a range of tasty investment portfolios that are based on famous meal-time staples, such as BBQ, Mexican, and Asian foods. While some portfolios are designed for investors who want to play it safe, others are designed for those who are looking for a more adventurous kitchen-themed investment.
- TD Ameritrade
TD Ameritrade is one of the largest online brokerages in the world, with more than 6 million clients and $1.4 trillion in client assets as of the end of 2015. TD Ameritrade was formed when TD Waterhouse and Ameritrade merged in 2007 and now offer a wide range of investment services, including full-service trading, which is available to all clients, and discount trading, which is available to all clients except those in New York and Texas.
In the 1980s, a young man left his job in the banking industry to open his firm. He was successful, and soon the bank that had fired him came to him asking him to design a system to track their currency holdings. The currency tracking system was a big success for both the bank and the company, and it soon became the company’s main product. Today, that company is called TD Ameritrade, and they have more than $1 trillion in assets under management.
- Charles Schwab
Charles Schwab is one of the largest brokerage firms in America, and it is also one of the most consumer-friendly. Its investment advice is free, its trading commissions are the lowest in the industry, and its customer service is top-notch. Schwab’s no-frills approach to online trading has earned it a glowing reputation among its customers. Schwab’s online platform can be a little intimidating at first, especially if you’re a beginner, but once you get the hang of it, it’s a very powerful tool.
- Interactive Brokers
Interactive Brokers is an online brokerage firm that has spent the last couple of decades building a platform that provides access to most of the world’s financial markets, as well as many advanced features and tools that few if any other firms can match. It has a high minimum balance but offers commission-free trading on over 100,000 products. It also offers a coveted margin loan feature that lets you borrow against your portfolio to invest more.
Interactive Brokers is an online brokerage firm that has spent the last couple of decades building a platform that provides access to most of the world’s financial markets, as well as many advanced features and tools that few if any other firms can match. It has a high minimum balance.
If you’re looking for a top online broker, you may have a hard time figuring out which one is best. There are a lot of options out there—and some are better than others. The best online brokers make it easy to buy and trade stocks, mutual funds, and other securities. They provide extensive research and make it simple to execute trades. They also offer a variety of account types, as well as attractive features and benefits. So, how do you choose a top online broker?