The best online brokerage accounts
If you are looking for a brokerage account to invest your money, have a look at our list and decide which one works best for you.
by Danilo Pereira
From beginners to veterans, these are some of the best online brokerage accounts
Finding the best online brokerage accounts can be a daunting task. There are just so many online brokers to choose from these days.
And they come in all shapes and sizes too, which brings the question: which one is the best for you?
When it comes to choosing a brokerage account, there is no one-size-fits-all solution. Everything depends on the type of investor you are and your level of expertise.
The three types of income: learn more about them
Learn how you can have multiple income streams and build your wealth faster.
Are you a complete novice who does not know the difference between a stock and a bond? A mutual fund and an ETF? There are brokers who offer educational materials and an intuitive platform to make things easier for you.
Are you an experienced investor who is comfortable with risk? There are brokers who offer special plans with access to sophisticated trading platforms. Not to mention all the different financial instruments you can operate.
If you are reading this, you are likely a relatively inexperienced investor. With you in mind, we have put together a list of the best online brokerage accounts for you.
The list is in no particular order, so just read all of them and decide which is the best for you.
Offering a wide range of investment products and tools, Ally Invest caters to nearly any investment style. There are no account minimums or fees to get started.
So if you’re new to investing or just want to dip your toes in the water, Ally Invest may be the perfect place to start.
Ally Invest offers low commissions and fees on a wide range of investment options. They also offer tools to help investors make informed decisions.
The company has a wide variety of investment options available, including stocks, options, mutual funds, ETFs, and fixed-income securities.
The platform has resources for investors of all levels. It allows you to get a self-directed account and with no balance requirements or a managed account with a minimum of $100.
Active traders also benefit from the platform for it provides competitive rates, educational support, outstanding customer service and it is easy to use.
With it you can trade stocks and ETFs and pay no commission. Only mutual funds have a $9,95 commission to trade.
If you would like to apply for an Ally Invest account, hit the link below, and we will show you how to do it.
You will be redirected to another website
As one of the most respected brokerages available in the market, Fidelity Investments offers $0 trading commissions. This applies to stocks, ETFs, or options trades.
They also offer a selection of more than 3,700 mutual funds also for $0 transaction fees. Additionally, you have access to index funds, also for no fees.
Throw in research tools, a trading platform, educational resources for all levels of investors, and strong customer service.
You have a combination worthy of having its place among our selection of the best online brokerage accounts.
Both beginner investors and frequent traders can benefit greatly from Fidelity Investments. They stand out in their research and data tools, as well as retirement planning assistance.
Merrill Edge came out of Bank of America’s acquisition of Merrill Lynch. The parent company worked hard to create an integrated experience for both Bank of America customers and Merrill Edge users.
With a single login, you are able to access your investment account as well as view your Bank of America account. You can also make real-time transfers between these two accounts.
By now, you should begin to understand why this is one of the best online brokerage accounts. Casual traders are going to love this platform’s research and competitive pricing.
They will also love their vast educational resources, such as a content library, podcasts, webinars, videos, virtual events, and much more.
Inexperienced investors can learn quite a bit from their educational content as well. They can even find investment ideas that may appeal to them, like ESG products, or sector-specific products.
Interactive Brokers IBKR Lite
Active or casual traders will find Interactive Brokers an especially interesting platform.
With low pricing per share, a wide variety of securities to trade, and an advanced trading platform. They also require very low margin rates.
How about commission-free trades on ETFs and stocks? They have got them. Foreign stocks? They have got those too.
Options, futures, mutual funds, fixed income, whatever you want. They have got it. You can trade these securities on 135 exchanges in 33 countries, although this does have its price.
But to use the service, you do not need any account minimum nor pay any account maintenance or inactivity fees.
Such a wide variety of investment options is what makes this one of the best online brokerage accounts.
Vanguard offers a low-cost investment platform with a large selection of funds. It is not so attractive for active traders, but it is ideal for long-term investors.
With over 3,300 mutual funds and ETFs free of transaction fees, this is one of the best online brokerage accounts out there.
This is huge for long-term investors who can combine their buy-and-hold strategies with the lowest-cost offerings.
The account does not require any minimums, but mutual funds might. As an example, Vanguard funds require a $1,000 minimum to start.
You also pay no commission for trading stocks or options. They do charge a $20 annual account service fee, but you can waive it if you sign up for statement e-delivery.
Here is another one of the best online brokerage accounts. This time, what makes this account amazing are its educational resources.
They also offer portfolio-building tools and a large selection of mutual funds. E*TRADE is a good choice for both beginner and advanced traders.
It offers a platform and a mobile app, both with real-time quotes, market commentary, account management resources, and stock and ETF screeners.
The Power E*TRADE platform is perfect for active traders, with technical indicators and a number of customizable options for a more complete analysis.
Trade stocks, bonds, ETFs, and over 4,300 no-transaction-fee mutual funds. Not to mention futures and options. Of course, such a complete tool must be accompanied by excellent educational resources.
They offer webinars on a number of trading topics, online investing courses, and much more.
Are you investing in crypto? Check the 3Commas investing platform
Having a good and intuitive investing platform can be the key point between failure and success. After all, you need good support for your investments, and you deserve a high-quality service.
If you’re a crypto investor, 3Commas has everything you need to spice up your investments, including automated crypto trading.
The following content will take you to the full review. So if you’re looking for a crypto trading platform, check it out!
3Commas Crypto Trading review
The 3Commas Crytpo Trading Platform is an excellent way to automate crypto trading and manage crypto investments.
About the author / Danilo Pereira
X1 Card review: innovation in credit cards
Ready to upgrade your credit card experiences? Get all the details you need with our X1 Card review and see if it’s right for you!Keep Reading
Citi Premier® Card review
Do you want to earn excellent rewards when you travel? Check out our Citi Premier® Card review to see if it's the best credit card for you.Keep Reading
How to open your First National Bank eStyle Checking account easily
In this article, you'll learn how to open your First National Bank eStyle Checking account and enjoy all of its benefits.Keep Reading
You may also like
Mission Money Visa® Debit Card review
If you’re looking for an easy and fee-free debit card to add to your wallet, the Mission Money Visa® Debit Card is a fantastic option!Keep Reading
Avant Credit Card review
Learn why Avant is considered by many one of the best credit building products available in the market in our Avant Credit Card review.Keep Reading
Citi Rewards+® application process: how to get this card?
Check this Citi Rewards+® credit card application review. You can earn a welcome bonus of 20,000 points and many rewards!Keep Reading