One can only feel comfortable investing when they know they’re dealing with authentic and trustworthy stock brokers. In the age of technology, it is all too easy to trust fraudulent brokers and lose your precious capital.
In order to avoid falling victim to scams, we have shortlisted the 10 best online stock brokers to help you start with the right people and with any fear.
1. SoFi
SoFi is an excellent trading platform that gives long-term and beginner investors an incredible modern experience. As a result, you will find fair value from Cryptocurrencies, stocks, fractional shares, and ETF’s here.
2. Fidelity
This online stock broker is value-driven and offers $0 trades, user-friendly mobile apps, qualitative trading tools, industry-oriented research, and holistic retirement services. So with a clientele of over thirty-million people, you can trust Fidelity for your everyday investment.
3. E*TRADE
This online stock trader is one of the best trading platforms. You can trade your ETFs and mutual funds for free on this platform, and it is an excellent option for long-term investment.
4. Interactive Brokers
If you’re a professional, you will surely benefit from Interactive Brokers. This trading platform is an institutional-grade desktop one with margin rates hitting rock bottom.
5. Merrill Edge
At Merrill Edge, you will find ETF trades and $0 stock trades; with excellent customer support and robust research offerings, you will find this an incredible investment platform, most especially if you a customer of Bank America.
6. Ameritrade
This online broker has outstanding products and tools for you. It is an all-rounder brokerage with comprehensive and detailed research and zero account minimums.
7. Ally
You will find this a viable investment platform with its zero account minimum and zero commissions features. If you’re looking for cheap trade options, Ally would be a worthy consideration for you.
8. Robinhood
If you’re looking for a straightforward trading platform, then you might find Robinhood a good option. It is a no-frills place, allowing you access to cryptocurrency and trade fractional shares. In general, the uncomplicated policies might suit your needs along with the efficiency of the trading platform.
9. Charles Schwab
This is one of the least expensive online brokers currently. The platform has eased up its policies by bringing down its base commissions to $0 every trade, eliminating its standard account fees, and slashing its ETF and mutual funds charges.
10. Trade Station
If you’re a cost-sensitive investor or an active trader, then Trade Station might be a feasible option for you. This is a discounted trading platform, but you have to be willing to go the extra way and price the two commission schedules here.
If you’re ready to put in the extra efforts, you might find this an agreeable platform but mind you; this platform is more for the casual-traders rather than long-term investors.