With so many online stock brokers to choose from, it can be difficult to make an informed decision.
All of the most popular brokers will have everything most investors are looking for and are competitively priced.
When it comes down to it, if you’re just looking to buy and sell a few stocks here and there, you really can’t go wrong as long as you’re choosing between the top brokers. If your needs are limited, perhaps just choosing one with the best sign-up bonus offer will suffice.
During the process of choosing a stock broker, it’s going to be the more unique features that sets one broker apart from the other.
Are you looking for the best resource to educate yourself on the markets as a beginner?
Do you need the best platform for more advanced charting and technical analysis?
Or, are you the type of person that needs a local branch for some live, one-on-one interaction?
These are a few of the most important questions investors ask themselves when it comes down to choosing one particular broker from the rest.
Here Are The Best 3 Online Stock Brokers:
#1: TD Ameritrade: This is the best overall online stock broker because they combine the best of everything. TD Amertrade’s huge database of educational resources is unsurpassed, and all the major publications rate their Research and Customer Service as Best in Class. For myself, the best feature is their ThinkorSwim platform, which has everything I could ask for in terms of charting and technical analysis. They also have the web based Trade Architect platform that has less functionality and is easier to get a grasp of, along with the handy mobile app.
TD Ameritrade also consistently has great sign-up promotions and bonuses you can check out here.
#2: Scottrade: One of Scottrade’s best features for new investors is their 500+ local branch offices for more personal service. This makes a huge difference when you’re just starting out and don’t know where to begin. Trades are also a flat $7 fee. Scottrade also has some of the best Research and Tools available to clients.
The current promotion let’s you get up to a $2,000 cash bonus. See all Scottrade promotions.
#3: E*Trade: E*Trade is an all-around very good broker that will fulfill the needs of most investors. They have one of the best mobile trading platforms on the market. While their main E*Trade Pro platform is definitely good, it lacks some of the nice features and usability I’ve come to know with TD Ameritrade’s ThinkorSwim. Where they do shine, though, will have to be with the Research, Trade Tools and Educational resources.
The current promotion allows you to trade free for 60 days + get up to $2,500 with your new account.
*See my article here for other top promotional offers from all the stock brokers.