Which discount stock broker does StockBrokers.com 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 Brandon Reinkensmeyer on Thursday, September 8th, 2016 .
- 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.
- 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.
- 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 500 commission-free online trades with Schwab Trading Services. Know more.
- 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.
EXCLUSIVE OFFER: Get up to $2,000 in commission credit.
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: Access to over 500 retail locations.
To read full broker reviews of the above brokers, you can do so by visiting their respective review pages here on StockBrokers.com: 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.
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.
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