There are many online brokerage firms on the market trying to lure investors with their pricing,
promotions, investments choices, and trading tools. Below we will briefly describe some of the best
investing firms in 2022.
TD Ameritrade. A combination of high-tech and free professional grade tools with a long history
in the brokerage industry makes TD Ameritrade a solid choice for beginner investors as well as for experienced and active traders.
The broker offers trading in futures and forex, something that almost no other online brokerage
provides. A rich selection of investment research is available from thirteen independent sources.
The broker has the best selection of commission-free mutual funds.
Promotion: $0 stock/ETF trades + transfer fee refund.
Review: TD Ameritrade review.
Open TD Ameritrade Account
Ally Invest is a popular discount broker, offering $0 equity
trades for all customers.
The investment
choices are on par with the bigger names in the industry and even include forex trading. With no initial deposit to open
an account at Ally Invest, anyone can start investing with the company. The brokerage does not charge a set-up fee and an annual fee
for all accounts.
Ally Invest is one of the industry's leading low-cost brokers for self-directed investors with a
broad array of investing and trading tools, few fees, and excellent customer service.
Promotion:
Up to $3,000 cash bonus + $0 trades + transfer fee rebate.
Review: Ally Invest review.
Open Ally Invest Account
Firstrade is an ultimate no-fee broker that beats just about
everyone else on this list when it comes to pricing. The firm charges $0 for stock, option, and ETF
trades. All mutual funds, amazingly, are also free to trade.
Firstrade has no account fees and makes money on optional services. This is the best online investing
company for anyone looking for a bargain.
Promotion: 2 free stocks & $0 fees on all mutual fund, stock, ETF, & option trades.
Review: Firstrade review.
Open Firstrade Account
Fidelity Investments is one of the larger brokerage companies
in the U.S., and as such, provides an astounding array of services to its clients. The
investment firm offers advice on wealth management as well as services of a discount broker. Fidelity
provides extensive educational materials for novice and professional investors alike. The broker's
branch network has over 180 local offices. Although mutual funds fees are a bit higher at Fidelity,
the massive brokerage house offers investors their money's worth in options, benefits, education,
research and customer service.
Promotion: Open a Fidelity account and get $0 stock trades.
Review: Fidelity review.
Open Fidelity Account
Charles Schwab.
A wide selection of investment products, great research, customer support and in-person guidance are
the strongest advantages of Charles Schwab. The broker requires a $1,000 initial deposit to open a
brokerage or an IRA account. Mutual funds selection is on the lower side.
Advanced trading platforms are available to all customers. However, anyone new to trading might
find those quite intimidating.
Promotion: Open Schwab account and get $0-fee stock trades.
Review: Charles Schwab review.
Open Schwab Account
M1 Finance offers a unique investing approach for stocks and
ETFs — customers create "pies" — the basket of stocks and ETFs that can be traded as one unit.
Investors can think of these baskets as their own personal mutual funds.
There are no account maintenance or inactivity fees with this broker. Investors can open a free brokerage account with $0 down and
never pay any broker commissions or fees. Rates for borrowing cash at the broker are the best
in the industry.
Promotion:
Get up to $500 for making a deposit or up to $4,000 when you transfer account with $10K+.
Review: M1 review.
Open M1 Finance Account
Interactive Brokers offers the lowest margin rates that only
M1 Finance can sometimes beat. With the main focus on active traders, the company provides one
of the best trading platforms and unmatched access to markets around the world.
Interactive Brokers does not like dealing with beginner investors and their trading platform is
difficult to learn. The best professional tools, margin and cash rates are available only to
customers that choose a pricing plan where they have to pay trading commissions.
Promotion: Get up to $1,000 in IBKR stock with this referral link!
Review: Interactive Brokers review.
Open IB Account
TastyWorks is trying to create a different type of investing model, although this formula does have weaknesses in some areas. If you have used
TastyTrade in the past and liked it, you’ll probably be happy here. If you’re looking for mutual funds, bonds, or portfolio management, you’ll have
to keep looking. But if you want to see what professional traders are trading this is your broker.
Promotion: Get $75 for each person you refer when you sign up with this referral link.
Review: TastyWorks review.
Open TastyWorks Account
E*Trade is a well-established brokerage with a wide selection
of investments. It was acquired by Morgan Stanley, so it might change quite a bit after the merger is
complete.
E*Trade offers futures and forex; however, you need to open separate accounts for trading any of the
two. The broker has 30 branches in 17 states across the country for personalized help and one-on-one
guidance. A lot of tools and educational content are available at the website at no cost.
Promotion:
No commissions on stocks and ETFs.
Review: E*Trade review.
Open Etrade Account
Webull is a new company that is taking the industry by the storm.
They charge $0 commission on all investment products and have no fees that a customer needs to worry
about.
Webull adds new products, tools, and services at an astounding rate. It now has a trading platform,
great mobile app, options trading, virtual trading, IRA accounts, and good margin rates.
Promotion:
Grab your last chance to get 3 free stocks valued up to $3,300.
Review: Webull review.
Open WeBull Account
The top investment firms provide a wide array of investment options for investors and traders. Equity,
options, futures, forex, and fixed income investing have become cheaper, more efficient, and in real-time.
Learning and understanding what are the most important criteria for you as an investor, can help you select the very best
investment company for your personal needs.