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Best Discount Stock Brokers Online

Which discount stock broker does recommend for you? Every investor has different trading styles and investment preferences that can be used to help rate top brokers to find a great match. Several of the current best discount online brokers include:

Published by on Thursday, September 8th, 2016 .

TD Ameritrade

TD Ameritrade - Rated #1 Overall Broker in our 2015 Broker Review, TD Ameritrade offers the largest variety of trade tools through its desktop platform thinkorswim and web based trading platform Trade Architect. Best of class investment research and options trading are also available for clients.

EXCLUSIVE OFFER: Trade free for 90 days + get up to $600 cash.

Merrill Edge

Merrill Edge - With flat fee stock trades at $6.95, Merrill Edge offers lower commission rates than most of its full service competitors. Clients can also get free trades with the Bank of America Preferred Awards program. Awarded #1 for Banking Services and 4 stars overall for 2015.

Current Offer: Invest in a new account and get up to $600.

Charles Schwab

Charles Schwab - Clients have access to an industry best 182 commission free ETFs, almost twice the next highest competitor's offering. Awarded #1 Retirement Services in 2016 with a 4.5 star overall rating. Known for in-depth research access and solid customer support.

Current Offer: Earn over $4,250 in commission-free online trades.


OptionsHouse - OptionsHouse was ranked #1 Broker for Options Trading 2016 and offers $4.95 flat fee trades with a single commission plan for trading options. Their new single rate plan is $0.50 per contract with a $4.95 base contract fee.

EXCLUSIVE OFFER: Trade Commission-Free For A Full 90 Days!


TradeKing - TradeKing offers $4.95 stock trades, was rated 4 Stars Customer Service 2016, and is home to over 500,000 traders sharing ideas and research via the TradeKing Trader Network.

Current Offer: Trade commission free up to $1,000.

Capital One Investing

Capital One Investing - Awarded #1 Portfolio Builder in 2016, Capital One Investing (ShareBuilder) is known for their automatic investment plans. Discounted commissions of $4 for automatic trades, along with Best in Class for Customer Service and New Investors, make them a great option.

Current Offer: Get up to a $600 bonus when you fund your new account.


Scottrade - Scottrade offers $7 flat fee trades and was awarded Best Overall Client Experience 2012-2016. For investors seeking a personalized experience, Scottrade gives clients direct access to professionals at over 500 local branch offices. Quality research and an easy to use website round out Scottrade's offering.

Current Offer: Get up to a $2,000 cash bonus.

To read full broker reviews of the above brokers, you can do so by visiting their respective review pages here on TD Ameritrade Review, Merrill Edge Review, OptionsHouse Review, TradeKing Review, ShareBuilder Review, Scottrade Review.

Broker Comparison Tool

Compare online brokers with the stock brokers comparison chart! Included are easy to read star ratings, pricing and fees information, and even a features overview section to see what every broker has to offer.

StockBrokers comparison tool


Choosing a Discount Online Broker

There are different areas you will want to consider when choosing an online broker. The most common include the cost of placing trades, how easy the broker is to use, flexibility and depth of the trade platforms and tools, and the overall quality of investment research. Customer service, mobile trading, banking, international trading, and support for other trade types (options, futures, forex, bonds) are others.

Once you have narrowed down the factors that are most important to you, then you can begin looking for specific stock brokers that fit your needs. If an easy to use platform and deep discount cheap trades are most important to you, then OptionsHouse will make for a great fit. Want top notch customer service with discounted trades? If so, TradeKing is your best bet. If all you want is access to powerful platforms, tools, and research then TD Ameritrade will wow you. The list goes on and on. For a full review of all the brokers and categories head on over to our 2014 online broker review.

At one time most of the brokerages that offered IRA accounts charged an annual fee of $50 or more to deal with the regulatory hassles of holding your IRA assets. Today, many brokers offer IRA accounts with no setup fees and no annual maintenance fees. However, it is important to check first as brokers can charge $35 annual IRA fees and even a fee for closing an IRA in the future.

For international investors seeking to trade the U. S. Stock Markets, most major online stock brokers like Etrade Financial and MB Trading welcome foreign accounts. The highest regarded all around broker for trading international though is Interactive Brokers.


Need Help Deciding Which Broker?

If you need help deciding which broker to choose or have a broker specific question please feel free to email our team.

All pricing data was obtained from a published web site as of 2/16/2016 and is believed to be accurate, but is not guaranteed. The staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

TD Ameritrade, Inc. and are separate, unaffiliated companies and are not responsible for each other’s services and products. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading privileges subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options. Offer valid for one new Individual, Joint or IRA TD Ameritrade account opened by 9/30/16 and funded within 30 days of account opening with $3,000 or more. To receive $100 bonus, account must be funded with $25,000 or more within 30 days of initial minimum funding. To receive $300 bonus, account must be funded with $100,000 or more within 30 days of initial minimum funding. To receive $600 bonus, account must be funded with $250,000 or more within 30 days of initial minimum funding. Please allow 3-5 business days for any cash deposits to post to account. Offer is not transferable and not valid with internal transfers, accounts using the Amerivest service, TD Ameritrade Institutional accounts, and current TD Ameritrade accounts or with other offers. Qualified commission-free Internet equity, ETF or options orders will be limited to a maximum of 250 and must execute within 90 days of account funding. Contract, exercise, and assignment fees still apply. Limit one offer per client. Account value of the qualifying account must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading or market volatility or margin debit balances) for 12 months, or TD Ameritrade may charge the account for the cost of the offer at its sole discretion. TD Ameritrade reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Please allow 3-5 business days for any cash deposits to post to account. Taxes related to TD Ameritrade offers are your responsibility. Retail values totaling $600 or more during the calendar year will be included in your consolidated Form 1099. Please consult a legal or tax advisor for the most recent changes to the U.S. tax code and for rollover eligibility rules. (Offer Code 264) TD Ameritrade Inc., member FINRA/SIPC.. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2016 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission. TD Ameritrade, Inc. (“TD Ameritrade”) has entered into a Marketing Partner Agreement with Reink Media Group, LLC (“Marketing Representative”) whereby TD Ameritrade compensates Marketing Representative for recommending TD Ameritrade as an executing broker. The existence of this Marketing Partner Agreement should not be deemed as an endorsement or recommendation of Marketing Representative by TD Ameritrade and/or any of its affiliated companies. Neither TD Ameritrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Representative or this website. TD Ameritrade does not warrant the accuracy or content of the products or services offered by Marketing Representative or this website. Use of this website and its services and/or products is the decision of and at the discretion of the individual or entity choosing this service and/or product. TD Ameritrade makes no guarantees or warranties of any kind of the products or services offered by Marketing Representative or by or through this website and shall have no liability therefore. Square Logo