Best 10 brokerage firms.
Top rated online investment companies in 2016.
The online brokerage industry offers a lot of options for new and experienced investors with different trading styles and preferences.
Each brokerage firm provides a number of investment choices, a lot of tools and services, and variety of fees and commissions.
Below you will find the list of 10 best online stock brokers in 2016.
Top 10 Rated Online Stock Brokerages
There are now hundreds of online brokerage firms to pick from, each with their own tools, pricing, and investment selection.
Below we will briefly describe the best 10 brokerage firms in 2016.
Scottrade. Scottrade combines the convenience of an
online stock broker with the comfort of a local business, having over 500 branches across the entire US. The company offers a great selection,
with 2,637 to choose from, of no-load mutual funds that have no transaction fee when trading online. A wide selection of investment options from stocks to municipal bonds and CDs, along
with $7 stock trades, makes Scottrade a top option for investors. Scottrade has been rated highest by JD Power and Associates in investor satisfaction with self-directed
services for two consecutive years.
- No account setup, maintenance or inactivity fees, no cost IRAs
- Well-priced firm with a flat fee commission structure
- 2,637 commission-free NTF funds
- Scottrade review »
$2,000 in Cash Bonus and 50 FREE Trades When You Open a Scottrade Account.
TradeKing. TradeKing is the definition of a discount broker, offering low commission equity trades ($4.95 for stocks and options at
$4.95+$0.65/contract) and basic research and data tools. TradeKing has been offering $4.95 trades since 2005.
The research tools are intuitive and user-friendly, which is why Barron's has rated TradeKing very high for Site Usability the past few years.
The investment choices are comparative with bigger names in the industry, and even include forex trading. The company is a great fit for active traders.
- Very low trading commissions with no minimum to open an account
- Excellent customer support via email, phone and chat
- Customizable trading platform with responsive design
- TradeKing review »
Open a TradeKing Account and Get $1,000 in Free Trade Commissions.
OptionsHouse. Advanced trading tools for options and
lowest trading commissions
put OptionsHouse on the map of top online brokerage firms. After company's recent merging with TradeMonster, another high rated brokerage company,
Optionshouse has become the cheapest investment firm among largest discount brokers in the United States.
High ranks in the industry most prestigious brokers survey this year and two years prior by Barron's in many categories and by total
point score are another evidence of the quality service.
- Very low trading commissions; no minimums to open an account
- No setup, annual or inactivity fees for IRAs. No maintenance or inactivity fees
- Rated high by industry's most reputable magazines
- Optionshouse review »
Open and fund an OptionsHouse account to receive up to $1,000 worth of commissions on online trades for a full 60 days.
TD Ameritrade. Stock trades at $9.99 per trade are certainly higher than other firms, but still reasonable for the serious investor.
Ameritrade allows for investing in futures and forex, something that almost no other online brokerage provides.
The combination of high tech and professional grade research tools with a long history in the brokerage industry make Ameritrade
a solid choice for any beginner investor. In 2015, Forbes ranked TD Ameritrade's selection of commission-free ETFs as the best for investors
who are looking for the most liquid and lowest cost ETFs.
- No inactivity or maintenance fees. No-fee IRA accounts
- Outstanding research, sophisticated trading platforms, great customer service
- Over 100 commission-free ETFs
- TD Ameritrade review »
Join TD Ameritrade. Trade free for 60 days + get up to $600.
Fidelity is one of the larger brokerage companies in the US, and as such, provides an astounding array of services and benefits to their investors.
Fidelity offers advice in wealth management, investment guidance, college savings, charitable giving and provides top-notch educational content
for novice and professional investors alike. Fidelity's branch network has over 180 local offices. Free seminars are offered at local offices to provide
clients with the guidance and knowledge they need to help reach investment goals. Although fees are a bit higher at Fidelity, the massive brokerage
offers investors their moneys worth in options, benefits, education, research, customer service and ease-of-use.
- No inactivity, no account fees.
- Great research, great customer service
- 84 commission-free ETFs
- Large well-established brokerage house
- Fidelity review »
Open Fidelity Investments account today.
Like Optionshouse, TradeStation is also included in the Barron's top 5 brokers in the category 'Best for Options Traders'. The broker offers low trading cost,
in two different pricing plans, per-contract and per-trade. Frequent traders receive the cheapest pricing. TradeStation received
4 stars out of five
in the 'Best for Frequent Traders' Barron's ranking. Broker's trading platform is a TradeStation's trading platform is highly customizable,
one of the best in the industry, includes within a very fast and intuitive options trading platform.
Barron's said: "When it comes to trading tools, the sky is the limit at TradeStation."
- Great commissions for frequent traders
- Trading community
- A wide array of investing options, powerful trading platform and research tools
- TradeStation review »
Trade with TradeStation.
Get up to $1,500 in Commission Rebates
A wide selection of investment products, great research, customer support and in-person guidance are the strongest advantages
of Charles Schwab. Firm's trading fees are very high. Trading cost is well above of $7, which is today's average stock trading commissions.
The company isn't a great fit for frequent traders. Schwab received 4 stars in the 'Best for Long-Term Investing' Barron's
ranking this year.
- Great customer service via email, phone or chat.
- Excellent research, sophisticated trading platforms, great customer service
- No fee banking (checking, savings, debit cards)
- Charles Schwab review »
Open Charles Schwab account today.
Etrade charges a flat $9.99 fee for each stock or ETF trade, which is much more expensive than some other well established online brokers.
Etrade has 30 branches in 17 states across the country for personalized help and one-on-one guidance. New customers are invited to attend in-person
events in New York, San Francisco, or Chicago. A lot of tools and education content are available at the broker's website at no cost
even for non-customers. When it comes to buying and selling stocks, Etrade really couldn't be any easier.
- No inactivity or maintenance fees, no-fee IRAs
- Over 100 commission-free ETFs
- Wide variety of investing options, good customer service
- Etrade review »
Open Etrade account today.
USAA Investments is a well-established brokerage that is committed to providing good investment services, loyalty, integrity
and honesty to the military members and the general public. The brokerage would be a good choice for investors who have low capital to trade with.
Low volume, fairly active traders, and high net worth investors ($50,000+) can benefit from USAA's Platinum member fee schedule.
- No account set up, maintenance or inactivity fees, no-fee IRAs
- Low-cost trading for active investors or accounts with $50,000+ in total assets
- A wide selection of investments, competitive rates on banking services
- USAA Investments review »
Open a new USAA brokerage account.
Motif Investing was ranked the №.1 Most Innovative Company of 2015 in Personal Finance by Fast Company.
The biggest advantage of Motif Investing is the low investment commissions. The firm charges $9.95 per motif, which is
a basket of up to 30 stocks or ETFs in a particular sector. The trading platform has lots of visual information,
step-by-step instructions and descriptions, and is very simple to use for investors of any level.
- Low cost flat-rate trading commissions
- No minimum initial deposit, no annual or set up fees
- Innovative way to invest and diversify a portfolio
- Community of investors
- Motif Investing review »
Start Trading and Get Up to $150
The Internet has provided a wide array of options for investors and traders. Equity and fixed income investing have become cheaper, more efficient,
and in real-time.
Learning about and understanding the most important criteria for you as an investor can help you select the right broker for your investment needs.
Which are the best investment firms? The answer can be very subjective. If you don't see your brokerage company on this page, please check out our
extended list of top stock brokers in the United States.
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