The online brokerage industry offers a lot of options for new and experienced investors. There is a company for every trading style and investing strategy. Each broker provides a number of investment choices, a suite of tools and services, and sometimes even a few pricing plans. Below you will find the list of the 10 best brokerage firms in 2020.

Brokerage Firm Rating Stock & ETF Options Cost Mutual Funds Min To Open Review
TD Ameritrade 4.5-star brokerage firm rating $0 $0.65 $49.99 $0 Review
Ally Invest Ally Invest rating $0 $0.50 $9.95 $0 Review
Firstrade Firstrade rating $0 $0 $0 $0 Review
Schwab Charles Schwab rating $0 $0.65 $49.95 $1,000 Review
M1 Finance 4.5-star brokerage firm rating $0 n/a n/a $0 Review
Fidelity Fidelity Investments rating $0 $0.65 $49.95 $2,500 Review
Etrade Etrade brokerage firm rating $0 $0.65 $19.99 $500 Review
WeBull Webull Rating $0 $0 n/a $0 Review
TastyWorks TastyWorks rating $0 $1, $10 max, $0 to close n/a $0 Review
IB Interactive Brokers rating $0 $0.25 $14.95 $0 Review
ZacksTrade ZacksTrade rating $1.00+ $0.75 $27.50 $2,500 Review
TradeStation TradeStation rating $0 $0.50 $14.95 $5,000 Review
Sofi Sofi Invest Rating $0 n/a n/a $0 Review
3.5-star brokerage firm rating $0 $0.65 $19.99 $0 Review
Vanguard brokerage company rating $0 $1 $20 $1,000 Review
3-star brokerage firm rating $0 $0 $0 $0 Review
USAA USAA Investments rating $0 $0.75 $45 $0 Review
WellsTrade brokerage firm rating $0 $0.75 $35 $0 Review
3-star brokerage firm rating $0 $0 n/a $0 Review
Motif Motif Investing rating $4.95 n/a n/a $0 Review
StockPile $0.99 n/a n/a $0 Review

Best brokerage firms
in various categories compared 32 U.S. top brokerage companies. Here are our picks in the following categories:

Best Brokerage Firms. Top Rated Stock Investment Companies.

There are now hundreds of online brokerage firms on the market trying to lure investors with their pricing, promotions, investments choices, and trading tools. Below we will briefly describe the best 20 brokerage firms in 2020.

TD Ameritrade Review TD Ameritrade. Combination of high-tech and free professional grade tools with a long history in the brokerage industry makes TD Ameritrade a solid choice to beginner investors as well as for experienced and active traders.

The broker offers investing in futures and forex, something that almost no other online brokerage provides. A rich selection of 571 commission-free ETFs from many providers, including Vanguard, iShares, Pimco, PowerShares and SPDR, was ranked by Forbes as the best for investors who are looking for the most liquid and lowest-cost ETFs.

Promotion: $0 commission stocks/ETFs + get up to $600 cash.

Review: TD Ameritrade review.

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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 investment and banking choices, few fees and excellent customer service.

Promotion: Up to $3,500 cash bonus + free trades.

Review: Ally Invest review.

Open Ally Invest Account

Firstrade Review Firstrade is a deep discount broker that beats just about everyone else on this list when it comes to pricing. The firm charges $0 for stock and ETF trades. Options are $0 too. Mutual funds, amazingly, are also free to trade.

Firstrade now has the best selection of commission-free ETFs - all of them! This is the best brokerage company for anyone looking for a bargain.

Promotion: Up to $600 cash bonus and $200 in transfer fee rebates.

Review: Firstrade review.

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Fidelity Investments Review Fidelity Investments is one of the larger brokerage companies in the US, and as such, provides an astounding array of services and benefits to its investors. The investment firm offers advice in wealth management as well as services of a discount broker. Fidelity provides extensive educational materials for novice and professional investors alike. Fidelity's branch network has over 180 local offices. Although 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: Get 500 free trades with $100,000+ deposit.

Review: Fidelity review.

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Charles Schwab Review Charles Schwab. A wide selection of investment products, great research, customer support and in-person guidance are the strongest advantages of Charles Schwab. Schwab received 4 stars in the Barron's 'Best for Long-Term Investing' category this year. The broker requires a $1,000 initial deposit to open a brokerage or an IRA account. Great selections of mutual funds and commission-free ETFs are available. However, the cost of mutual funds that are not on the broker's list of commission-free funds is the highest among major competitions.

Advanced trading platforms are available to all customers. However, people new to trading might find those quite intimidating.

Promotion: Make $100,000 deposit and get 500 commission-free online equity and options trades.

Review: Charles Schwab review.

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M1 Finance offers a unique investing aproach for stocks and ETF's - customers create "pies" - the basket of stocks and ETF's 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.

Promotion: $0 commissions and fees when you open account at M1 Finance.

Review: M1 review.

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Interactive Brokers Review Interactive Brokers offers a low trading cost in two different pricing plans such as the per-trade plans or the per-share plans. With its main focus on active traders, Interactive Brokers offers one of the best trading platforms and cheapest per-share commissions to active traders. Its one of the top in the industry trading platforms is fast and highly customizable.

Promotion: Open account and get $200 for a friend you refer.

Review: Interactive Brokers review.

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tastyworks 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: Open account and get $75 for each person you refer.

Review: TastyWorks review.

Open TastyWorks Account

Etrade Review Etrade is a well-established brokerage with a wide selection of investments. It charges a flat $0 fee for each stock or ETF trade. Unlike TD Ameritrade, Etrade charges a steep fee for its advanced trading platform. The broker offers futures and forex; however, you need to open separate accounts for trading any of the two. Etrade 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: At E*TRADE, get $0 trades + 65₵ per options contract.

Review: Etrade review.

Open Etrade Account

The top investment firms provide a wide array of options for investors and traders. Equity, options, futures, forex, and fixed income investing have become cheaper, more efficient, and in real-time.

Learning about and understanding what are the most important criteria for you as an investor, can help you select the very best investment company for your investment needs.

If you don't see a particular brokerage company on this page, please take a look at our extended list of top stock brokers in the United States.

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