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Online Trading

Finding the best online broker for your unique financial needs is no easy feat. Not only are there dozens of companies to choose from, comparing them requires weighing many critical factors. To help you find the right fit, we gathered all the data that matters: commissions, fees, trade types, research, mobile trading platforms, customer service and more.

Compare Top Online Brokers and Open an Account Today!
91
Min to Open
$0.00
Commission
$9.99
Promotion
Trade commission-free for 60 days AND get up to $600
86
Min to Open
$0.00
Commission
$4.95
Promotion
$1,000 in free trade commission
77
Min to Open
$5,000.00
Commission
$9.99
Promotion
Get up to $1,500 in commission rebates
Best For
  • Advanced traders
  • Commission-free ETFs
  • Research Tools
  • Active Traders
  • Beginner Traders
  • Research Tools
  • Tech-Savvy Traders
  • Active Traders
  • Research Tools
  • Stock Trade Fee - $9.99
  • Options Base Fee - $9.99
  • Options Per Contract Fee - $0.75
  • Mutual Fund Trade Fee - $49.95
  • Futures Per Contract - $2.25
  • FOREX per 1,000 Units - $0.10
  • Stock Trade Fee - $4.95
  • Options Base Fee - $4.95
  • Options Per Contract Fee - $0.65
  • Mutual Fund Trade Fee - $9.95
  • Stock Trade Fee - $9.99
  • Options Base Fee - $0.00
  • Options Per Contract Fee - $1.00
  • Mutual Fund Trade Fee - $14.95
  • $99.99 monthly fee, waived by trading at least 5,000 shares per month
  • Free and as extensive as many other paid platform
  • Includes real-time analysis from S&P, MarketEdge, and more
  • Free access to trading specialists
  • Award winning TradeKing LIVE research platform
  • Comprehensive education center for new traders
  • Access to advice from other traders and experts
  • Create custom strategies with EasyLanguage
  • Real time search and tracking through RadarScreen
  • Supports exclusive 3D P&L charts
  • Mirrors desktop platform
  • Supports real-time data & analysis.
  • Access to CNBC
  • Apple Watch application
  • Mirrors desktop platform
  • Supports real-time data & analysis.
  • Mobile site for non iPhone or Android users
  • Mirrors desktop platform
  • Supports real-time data & analysis.
  • Custom strategies can be executed on mobile
  • Free ACH transfers to/from external accounts
  • Receive checks & debit card for no additional cost
  • ATM reimbursement
  • Free ACH transfers to/from external accounts
  • Receive checks & debit card for $50 per year
  • Free ACH transfers to/from external accounts
  • thinkorswim platform is ideal for advanced traders
  • Trade Architect is ideal for beginners
  • paperMoney allows users to test strategies with no risk
  • Similar experience to online banking
  • Intuitive trading platform
  • Research section is not well integrated
  • Easy multi-monitor support
  • Desktop application supports deep analysis
  • 3rd party add-ons increase functionality
  • 24/7 Phone Support
  • Live Chat
  • Email Support
  • 126 Local Branches
  • Phone Support 8:00 AM to 6:00 PM EST
  • Live Chat
  • Email Support
  • Phone support 8:00 AM to 8:00 PM EST
  • Live Chat
  • Email Support
  • Less Than $25K: 8.75%
  • $25K - $49K: 8.50%
  • $50K - $99K: 7.50%
  • $100K - $249K: 7.25%
  • $250K - $499K: 7.00%
  • $500K - $999K: 7.00%
  • More Than $1 MM: 6.25%
  • Less Than $25K: 7.75%
  • $25K - $49K: 7.75%
  • $50K - $99K: 6.75%
  • $100K - $249K: 5.50%
  • $250K - $499K: 4.50%
  • $500K - $999K: 4.00%
  • More Than $1 MM: 4.00%
  • Less Than $25K: 8.50%
  • $25K - $49K: 8.25%
  • $50K - $99K: 7.75%
  • $100K - $249K: 7.75%
  • $250K - $499K: 7.25%
  • $500K - $999K: 7.25%
  • More Than $1 MM: 6.75%

How to Find the Right Online Broker

Define your Needs

This is a critical first step. You don't want to pay extra for bells and whistles you won't use -- or in some cases, even understand. Some basic questions: How much money do you plan on investing? Some companies will have a minimum deposit. How much support will you need? Basic customer service or a suite of tools? Are you planning on trading frequently or just a few times a year?

Watch out for Fees

The competition for your investing business is healthy, so don't be afraid to aggressively compare what companies are offering, but it's important to compare apples to apples. Free trades are great, but not if you get socked with hidden or high fees in other areas. Fees to look out for: account transfer fees and account maintenance fees if you don't meet minimum trading or balance requirements.

Stay Safe

The Financial Industry Regulatory Authority, or FINRA, provides oversight for the industry. Both individuals and firms acting as brokers (online or off) must be registered with FINRA. By using their "Broker Check" tool online you can instantly access any regulatory actions, criminal convictions, and, for brokers, past customer complaints. Individuals and firms are required to register in each state where they have customers.