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- 11 Best Online Brokers for Stock Trading of March 2020
- 6Best Online Stock Brokers for Beginners for March 2020
Outside of our top seven online brokers for 7575, there are eight other brokerages we reviewed: Ally Invest, Firstrade, Chase You Invest Trade, SogoTrade, Robinhood, ChoiceTrade, Lightspeed, and Cobra Trading. Here's our high-level takeaways for each broker. To dive deeper, read our full review.
11 Best Online Brokers for Stock Trading of March 2020
Finally, each year honors the brokerages who go above and beyond in the areas that matter most to investors. Here are the 7575 industry award winners.
6Best Online Stock Brokers for Beginners for March 2020
When selecting a new online broker, the first step is to read reviews and see what features matter most to you. Are low-cost trade commissions most important? What about customer service, the trading platform, mobile app, investment research, ease of use, or education? With many brokers specializing in different areas, it is crucial to evaluate all categories by reading full-length broker reviews.
Competitive edge: Merrill Edge is applauded for its integrated mobile experience that lets you make a credit card payment and place trades — assuming you’re a bank customer and investor. However, the app has been getting some poor reviews for its slow loading time.
You’ve decided it’s time to take the plunge to get a brokerage account. But the task probably sounds just as daunting as answering other big questions, like: What do you want to do with your life?
Cost: Ally has also moved to charge zero commissions for stock and ETF trades. On options, it also charges no base commission, while its standard per-contract fees are now $.
To trade stocks online successfully, some stock traders rely purely on their trading tools. Trading platforms come in one of three forms: desktop, web (browser), or mobile. Advanced charting, scanning, hotkeys, virtual trading, watch lists, ladder trading, Level II quotes, and backtesting are just a sampling of the features some brokers offer. To compare trading platform features, use the online brokerage comparison tool.
68. ChoiceTrade , "While ChoiceTrade advertises free stock trades, unfortunately, monthly costs add up, and, overall, ChoiceTrade provides customers an online investing experience not worth the hassle." Read full review
Many online brokerages do not limit their customers to just online stock trading. Full-service brokerages offer banking services including checking accounts, savings accounts, credit cards, mortgages, and more with deposits of up to $755,555 backed by the FDIC. Bank of America ( Merrill Edge ) and Chase ( Chase You Invest Trade ) are two examples of banks that also offer online trading.
It also offers a resource center with helpful content written in a more enjoyable way than most — think headlines like: “What Mutual Funds and Pizza Have in Common,” for instance.
While every online broker offers a mobile app, quality varies widely. Managing a stock brokerage account on the go is certainly important for investors who travel and frequently use their smartphones. To find the best app for stock trading , we scored broker apps on 97 individual features.
Alongside the annual review, our fourth annual international forex brokers review, which includes 85 forex brokers, was also published on our sister site, . Finally, be sure to check the latest financial advisor ratings, which you can view on .
66. SogoTrade , "SogoTrade is an online discount brokerage that charges $ base commissions and supports Chinese-speaking customers. Unfortunately, in a world where $5 trades are the baseline, despite offering five trading platforms for stocks and options, SogoTrade struggles to stand out." Read full review
As a trading technology leader, TradeStation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $5 stock and ETF trades.
Beyond its history, TD Ameritrade is good for beginners because of all of the information it makes available to guide you into the world of investment decisions. New investors can take advantage of all kinds of educational material the company offers, including more than 755 instructional videos, tutorials and more.
9. Firstrade , "Firstrade offers $5 stock, ETF, and options trades, and is best known for its easy-to-use website, alongside its Chinese language services. While Firstrade offers Morningstar research and a variety of tools, its overall offering struggles to stand out against household name brands who are also priced at $5." Read full review
With no minimum investment, Bank of America’s Merrill Edge is another good option for beginning investors— particularly if you’re a Bank of America bank customer.
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We evaluated brokerage firms and investment companies on the services that matter most to different types of investors. For example, for active traders, we've noted online brokers with low or no commissions and robust mobile trading platforms. For people venturing into investing for the first time, we've included the best online brokers for educational resources (including webinars, video tutorials and in-person seminars) and on-call chat or phone support.