Everybody wants to use online stock brokers these days. They are a cheaper alternative to actually hiring a professional stockbroker. An online broker firm often comes with its own trading software. They also have educational videos and tools to help you every step of the way. Some aim for beginners, some casual investors, some for daily traders, and so forth. Here is a quick look at some of the best-rated brokerage firms right now:
This is a friendly, versatile platform that offers a full range of investments. You can trade ETFs, mutual funds, stocks, options, and bonds. You can also opt to have your portfolios managed by professionals. You will need at least $5,000 for the guided investment tier. The self-directed tier is free and comes with flexible tools and access to research.
Get commission-free trades and “industry-leading execution quality” with the Fidelity Trading Platform. It’s one of the best-rated brokerage firms for a variety of reasons. Users get highly-intelligent trading technology and excellent support. These tools help them make informed trading decisions. There is even a “Trading Strategy Desk”. This desk includes coaching on options, technical analysis, and more.
If you’re a novice to trading and not quite sure where to get started, this is an option to look into. Its educational offerings make new investors more confident and comfortable. Should you ever need in-person training, TD Ameritrade actually offers it. You can find it in more than 280 offices, as well as through its mobile apps and website. The mobile apps are well-designed and intended to give traders a simple experience.
This trading service, in particular, is a great choice for those interested in ETFs. Exchange-traded funds are excellent options for building a balanced portfolio. Keep in mind that Charles Schwab is a full-service investment firm that offers technology and services to every trader at any level. This might be a brokerage firm worth looking into. They offer self-directed and robot advice.
While not as known as the other names on this list, Zacks Trade deserves a spot in a list of best-rated brokerage firms. It offers a very robust trading platform. Unlike many other brokers, they do not charge extra money for broker-assisted trades. It puts a focus on penny-a-share trades, although there are ETFs and Options contracts as well. Choose either the web-based trading platform or one of the apps.