There are many different types of traders, as there are discount stock brokers. Whether you are looking to trade in high volume or only conduct a few trades each year, you must have an online broker who suits your needs.
Each firm has its strengths and weaknesses, and choosing the top discount stock broker for you depends on your particular trading style and goals. Order is in site popularity. Compare from the list of broker reviews below. Click on the stock broker name for our review and for available promotional offers.
Get complete access to all kinds of investment options, stocks and trades with relatively low pricing, from TD Ameritrade....
|$9.99/trade||Rated 4.5 stars|
TradeKing has great pricing, customer service, and online education. For a discount stock broker, TradeKing is hard to beat....
|$4.95/trade||Rated 4.5 stars|
Fully featured discount brokerage service that includes pretty much every investment and banking service you need. Though they aren't the cheapest ...
|$7.95/trade||Rated 4.5 stars|
Theme based investing, Motif Investing is a unique and cost-efficient option for diversifying your portfolio. Their pricing is very competitive, and ...
|$4.95/trade||Rated 4 stars|
Lots of trading tool for the mid-level to advanced investor. Not the lowest trading fees, but has a no minimum deposit requirement....
|$9.95/trade||Rated 4 stars|
Get access to an excellent platform for serious and active traders, that was previously only available to brokers. ...
|$4.99/trade||Rated 4 stars|
Interactive Brokers is perhaps one of the most comprehensive stock brokers for active and advanced traders. For novice and less active investors, we ...
|$0.005/share||Rated 4 stars|
This online discount broker is one of our favorites for consistency, offering great customer service, and $7 online stock trades. Scottrade has three ...
|$7.00/trade||Rated 4 stars|
Use Capital One Investing as your standard online brokerage investment firm, but with the benefits of low fees and automatic investing....
|$6.95/trade||Rated 3.5 stars|
Low cost broker that targets options trading with some advanced research tools. While great for active traders, investors wanting to purchase mutual ...
|$4.95/trade||Rated 3.5 stars|
Use E*TRADE to make stock trades online and do online stock research, without interacting with a broker....
|$9.99/trade||Rated 3.5 stars|
Charles Schwab is the Nordstrom of the investment world, and customers virtually always leave happy. As a customer you'll get access to virtually all ...
|$8.95/trade||Rated 3.5 stars|
Use Merrill Edge to find greater financial control over your investments and simplify your financial goals....
|$6.95/trade||Rated 3.5 stars|
Make stock trades for free, though the service is limited in features. Robinhood requires no minimum deposit and is currently only available on mobile...
|FREE||Rated 3.5 stars|
Discount brokerage firm with $6.95 a trade. Though compared to other firms there's not much special with their service....
|$6.95/trade||Rated 3.5 stars|
A FREE way to invest in stocks. Though LOYAL3 does have it's shortcomings that include: no diversification, lack of retirement accounts, and limited ...
|FREE||Rated 3 stars|
Active traders are a better fit to SogoTrade's pricing model even if it lacks the features that options traders really need....
|$5.00/trade||Rated 3 stars|
Use Kapitall to test out any stock market theories with a test account, while learning to hone and simplify your investment strategy....
|$7.95||Rated 3 stars|
How to Pick the Best Online Stock Broker
There are many factors to consider when choosing an online discount stock broker. Before picking a broker make sure you consider these questions:
- What are their fees?
- Is the web site easy to use?
- What methods can you execute a trade? (i.e. web, phone, mobile device)
- Do they have a local branch office?
- Do you have access to investment research?
- What investment options are available? (ie. stocks, bonds, mutual funds, ETFs, options, forex)
It is shown that many investors trade with multiple stock brokers. Each broker run special promotions or offer better deals with such services as commission-free ETFs. So it is recommended to have investments in at least two discount stock brokers.
What are their fees?
Before signing up, make sure you are clear what fees you’ll pay per trade. In addition, it makes sense to look at your previous trading activity and calulate costs. Will it make sense to move based upon your typical transactions?
Is the web site easy to use?
It might be great that an online discount broker has low commissions, but is the web site easy to use? If it’s confusing and it takes ten steps execute a buy or sell a security, why would you use it?
What methods can you execute a trade?
In today’s connected world, it’s important to have flexibility when trading stocks. All firms listed allow you to trade online via their web site, but not all have the ability to execute trades from a mobile device. Make sure you can not only access your account from your smartphone, but also can make trades.
Do they have a local branch office?
Some investors like speaking face-to-face with their broker. If this is important to you, make sure a local branch office is near your home or place of work. Some brokers offer educational seminars at their office and access to financial advisors.
Do you have access to investment research?
Have access to investment research via your broker is not only convenient, but also can save you money. Purchasing stock and mutual fund research can be very expensive. A discount broker offering the research papers for free is something to consider in reducing your trading expenses.
What investment options are available? (ie. stocks, bonds, mutual funds, ETFs, options, forex)
Depending upon your skills and expertise, make sure your discount broker has all the features you want. If not, then separate your investment accounts per brokerage for the types of trades you need to do. In some cases it might be cheaper to keep your bond portfolio with one broker and your stocks at another.