Investing in the stock market is a great way to grow your wealth over time. But before you begin investing, it’s important that you choose the right stockbroker for your needs. There are many different stockbrokers available, each offering different features and services. To help make choosing the right broker for you easier, we’ve compared 10 of the top brokers below.
- Robinhood – Robinhood is one of the most popular online brokers among beginner investors due to its low fees and easy-to-use interface. It also offers an array of educational resources and tools, such as its Investing 101 course and podcast series. The Robinhood app is available on both iOS and Android devices. As with any brokerage, there are some drawbacks to using Robinhood — including limited customer service options and a lack of access to more advanced trading tools.
- Webull – Webull is another popular online broker among beginner investors due to its low fees, user-friendly platform, and great customer service options. It offers commission-free trades on stocks, ETFs, options, mutual funds, bonds and other investments. The Webull app is also available on both iOS and Android devices. However, one downside of Webull is that it does not support fractional shares or margin trading yet — features which some experts may find beneficial for their portfolios.
- Charles Schwab – Charles Schwab has been around since 1975 and boasts more than 11 million active accounts today. It offers users access to an extensive range of investment products from stocks to ETFs to options at competitive prices (with no commissions). Additionally, Charles Schwab provides users with a wealth of educational resources such as webinars, tutorials, videos and more — making it a great choice for those who are just getting started with investing.
- Fidelity Investments – Fidelity Investments is one of the largest financial services companies in the world with more than 30 million customers worldwide. It offers users access to an extensive selection of investments at competitive prices (also with no commissions). Additionally, Fidelity offers several features designed specifically for novice investors such as step-by-step guides for setting up an account or getting started trading stocks. On top of that, Fidelity’s mobile app makes it easy to manage your investments while on the go.
- TD Ameritrade – TD Ameritrade has been around since 1975 and currently has over 11 million active accounts worldwide. As with most online brokers today they offer commission free trades on stocks/ETFs/options/mutual funds/bonds etc., but what really sets them apart from their competitors is their advanced trading tools such as options chains & probability calculator which can be used by experienced traders & investors looking to gain a greater edge in their portfolio management strategies. Lastly, they have recently added cryptocurrency trading capabilities so now you can trade Bitcoin & Ethereum too!
- E-TRADE – E-TRADE has been around since 1982 providing customers with access to an extensive selection of investments at competitive prices (no commissions) as well as several features designed specifically for novice investors such as step-by-step guides for setting up an account or getting started trading stocks. Plus, they have a powerful mobile app that makes it easy to manage your investments while on the go!
- Merrill Edge – Merrill Edge is part of Bank of America’s family of companies which means that customers who already have a Bank of America checking account can open up a Merrill Edge investment account without having to submit additional paperwork. Additionally, they offer commission free trades on stocks/ETFs/options/mutual funds/bonds etc., as well as several features designed specifically for novice investors such as step-by-step guides for setting up an account or getting started trading stocks. Plus, they have a powerful mobile app that makes it easy to manage your investments while on the go!
- Ally Invest – Ally Invest has been around since 2005 providing customers with access to an extensive selection of investments at competitive prices (no commissions) as well as several features designed specifically for novice investors such as step-by-step guides for setting up an account or getting started trading stocks.. Plus they have a powerful mobile app that makes it easy to manage your investments while on the go! Scottrade – Scottrade has been around since 1980 providing customers with access to an extensive selection of investments at competitive prices (no commissions) plus several features designed specifically for novice investors such as step-by-step guides for setting up an account or getting started investing in stocks etc… They also have recently added cryptocurrency trading capabilities so now you can trade Bitcoin & Ethereum too!
- Interactive Brokers – Interactive Brokers was founded in 1978 offering direct access electronic trade execution across multiple asset classes including commodities futures contracts forex securities derivatives & more… Their user-friendly platform allows clients full control over their own portfolios allowing them take advantage various sophisticated order types like trailing stops limit orders conditional orders & more. Plus, they offer highly competitive pricing structure making them attractive option experienced traders looking reduce costs associated their investment activities.
- Vanguard – Vanguard was founded 1975 offering direct index fund investing first time ever giving average investor opportunity invest like large institutions had only previously done. In addition, Vanguard is unique because rather than charging per trade like other brokers do. They instead charge flat annual fee called “Vanguard Admiral Shares” which based amount assets held across all Vanguard funds accounts. This means longer term investor save significantly money compared other brokerage firms charging per transaction basis. Furthermore, Vanguard provides wide range educational material help newbies understand basics investing so perfect those just starting out journey building wealth through markets.
Selecting the right stockbroker can be overwhelming but doing your research will ensure you make informed decisions about where you want to invest your hard-earned money. There are many different stockbrokers, each providing different features and services. So, take time consider what best fits your particular needs. Then get out there and start investing! With careful consideration the 10 stockbrokers discussed here should help you narrow down your choices and find the perfect fit for your portfolio and your goals for success!