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New to stock trading or looking to see what else is out there? There are currently a great deal of stock brokers to choose from. Which stock broker is the best?
Use SuperMoney to compare the top brokerages
Investing is an industry where you want size and experience on your side. Established brokers and investment firms have a solid foundation, have amassed a sizable client base, and have the financial backing to provide the best tools and services.
Another important criteria for those new to investing is what markets are supported by which broker. Markets include Equities (i.e. commonly known stocks like Apple, Google, Facebook…), Futures (e.g. Gold, Oil, Sugar…), Forex (i.e. currency pairs like USD/JPY and EUR/USD), and Options (i.e. Option contracts on common Equities). The ones that are commonly not supported are Futures or Forex, or both. You can trade Equities like your favorite blue chip stocks with all the major brokerages, so that won’t be an issue if you just want to get your hands on some shares of Apple (APPL), Microsoft (MSFT), etc.
While there is no one best stock broker for everyone, there are a handful we strongly recommend you choosing from.
Let’s go through all the talking points below and find out which brokerage is best for your needs.
*See a list of all brokerage bonuses and promotions here
Best Overall Online Brokerage Picks
Here are the most versatile brokers that have a proven track record for fulfilling the needs of most investors.
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| Trade Commission $0 | Trade Commission $0 |
| Account Minimum $0 | Account Minimum $0 |
| Sign-Up Bonus N/A | Sign-Up Bonus N/A |
| Review | Review |
TD Ameritrade and You Invest℠ by J.P. Morgan are both top choices that will fit the needs of most investors. TD Ameritrade has a long track record as being a top brokerage. You Invest℠ is a newer addition from Chase, a well known financial institution.
ThinkorSwim from TD Ameritrade gets our vote as one of the top trading platforms available. You Invest℠ wins with greater branch access (Nearly 5,000 for You Invest℠ and 275+ for TD Ameritrade).
TD Ameritrade offers $0 commission for online stock, ETF, and option trades. What puts them ahead of the competition is the free access to the Trade Architect (Web platform) and ThinkorSwim (more featured desktop software) platforms.
You’ll also be able to trade markets other than Stocks (e.g. Forex, Futures, Options, Mutual Funds, ETFs) with TD Ameritrade.
You Invest℠ also offers unlimited commission-free online stock, ETF, and options trades. Options contract and other fees may apply.
Best Online Brokers For Beginners
What makes these top choices good for beginner investors?
- A large library of educational resources to get you up and running
- Affordable commissions
- Great customer support available 24/7
- Large number of commission-free ETFs
- Physical branches are available for in-person support
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| Trade Commission $0 | Trade Commission $0 |
| Account Minimum $0 | Account Minimum $1,000 |
| Sign-Up Bonus N/A | Sign-Up Bonus Up to $500 |
| Review | Review |
Just as TD Ameritrade’s customer service is praise by clients, so is Charles Schwab’s. Both of these brokers also have an enhanced database full of step-by-step educational material that uses professionally delivered audio and video. Think of it like sitting through seminars right from the comfort of home.
In regards to in-branch service, Charles Schwab has 300+ and TD Ameritrade has 275+.
Neither TD Ameritrade or Charles Schwab will charge account maintenance or inactivity fees, making them good choices for new investors looking to get their feet wet. Both also provide commission-free ETFs and no-transaction-fee mutual funds, which are popular with beginner investors due to the diversification nature of these products.
Best Brokers For Investment Market Selection
Whether you currently dab into a variety of markets, or plan to gain some experience with each, you need to know that not all brokerages support all the main markets (Stocks, Forex, Futures, Options and Mutual Funds).
Some new traders jump in and open an account with a brokerage recommended by a colleague or one seen in an ad, only to find out that Futures or Forex trading isn’t available to them. Even several well-known brokers don’t support all markets.
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| Trade Commission $0 | Trade Commission $0 |
| Account Minimum $0 | Account Minimum $500 |
| Sign-Up Bonus N/A | Sign-Up Bonus $2,500 bonus cash & free trades |
| Review | Review |
TD Ameritrade is our overall top pick for a reason, and they are one of the top choices in this category as well. With both TD Ameritrade and E*Trade, you’ll be able to trade all markets – Stocks, Options, Mutual Funds, Forex and Futures.
E*Trade is yet another big, reputable brokerage firm but physical branches are limited to around 30 across the United States. As with many other top broker choices, E*Trade offers 24/7 customer support along with vast educational resources.
Similar to TD Ameritrade, E*Trade offers web, desktop, and mobile platforms for investors and active traders. For active traders, we find TD Ameritrade’s ThinkorSwim to be more of a proven favorite.
Best Online Brokers For Research
Here are two of the best brokers with professional Research tools, which will help to analyze Stocks and markets with data from financial records, economic reports, company assets, market share etc.
Over time, investors find their own method of evaluating SEC filings, trade magazines, online reviews and company news to know more about a company or market. A brokerage that offers streamlined Research to give you a better understanding of your potential investment will save you valuable time.
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| Trade Commission $4.95 | Trade Commission $6.95 |
| Account Minimum $2,500 | Account Minimum $0 |
| Sign-Up Bonus N/A | Sign-Up Bonus $600 in bonus cash |
| Review | Review |
Both Fidelity and Merrill Edge provide top-notch Research capabilities for your stock analysis needs. Fidelity is one of the best in the business and has research from more than 20 providers to help narrow down quality recommendations. Merrill Edge, a Bank of America corporation, has Research from it’s own BofA Merrill Lynch Global Research as well as well-known providers like Morningstar, Lipper, S&P Capital IQ and Recognia.
Best Low-Cost/Discount Brokers
We believe the difference in the cost of commissions between all the best brokers isn’t significant enough to be a major criteria in your decision process. Not everyone is in the same boat, and sometimes finding the lowest cost broker is necessary. If you’re entering and exiting many trades with a low number of shares, trade commissions can really put a dampen on your bottom line.
Here are two of the best brokers for lower commission costs that don’t sacrifice in other necessary features.
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| Trade Commission $0 | Trade Commission $0 |
| Account Minimum $0 | Account Minimum $0 |
| Sign-Up Bonus N/A | Sign-Up Bonus N/A |
| Review | Review |
TD Ameritrade and You Invest℠ by J.P. Morgan are two good choices if you’re looking for a reputable “discount broker” that retains features important to most.
With You Invest℠, you get unlimited commission-free online stock, ETF, and options trades. Options contract and other fees may apply.
TD Ameritrade offers also offers $0 commission for online stock, ETF, and option trades.
| OFFER LINK | OFFER | OUR REVIEW |
| Bank of America Checking | $100 Offer | Review |
| Chase Business Complete Banking℠ | $300 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience Checking℠ | $150 Cash | Review |
| HSBC Premier Checking | $450 Cash | Review |
| HSBC Premier Checking | Up To $600 | Review |
| Axos Business Checking | $100 Cash | Review |
| Aspiration Checking | $100 Cash | Review |
| Ally Invest | Up To $3,000 | Review |
| Betterment | Up To 1 Year Free | Review |
| Voyager (code BH5F1A) | $25 In BTC | Review |
| Coinbase | $10 In BTC | Review |
| BlockFi | Up To $250 BTC | Review |
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