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Best Brokers for Offering of Investments 2017

Blain Reinkensmeyer

Published by Blain Reinkensmeyer


Tuesday, February 21st, 2017

Investing covers a worldwide spectrum, from investing in international equities to trading forex to purchasing US treasury bonds. To understand the true range of offerings, StockBrokers.com has focused on all the broad investing channels down to the specific order types each broker offers. In the process, we compare 40 different variables.

Starting with the US, services such as complex options trading, fixed income, and direct market routing are all very common. Other services, such as commission-free ETFs, are still growing in adoption by the industry. Just 44% offered commission-free ETFs heading into 2017, with Charles Schwab leading the way with 229. Every broker in the industry supports weekly options and only two brokers don’t yet support mini options: Firstrade and Capital One Investing. On the flip side, direct market routing for options is only offered by 44% of the industry.

As far as order types go, it is an industry standard to support market orders, limit orders, stop orders, and after-hours trading. Even more advanced order types such as trailing stops, OCO, OTO, OTOCO, and multi-contingent are all supported by well over half the industry. The least common order type was algo, offered by less than half the industry. The leader overall is Interactive Brokers, which offers clients an arsenal of 63 different order types, some of which are exclusively designed for institutional investors.

All variables considered, TD Ameritrade is the top choice for the largest offering of investments in 2017, earning 95% of the possible points.

Looking at international trading, Fidelity and Interactive Brokers are, by a wide margin, the two stand-out choices. Fidelity offers its clients access to trading equities in 25 countries. Interactive Brokers offers less equities support, in “only” 18 different countries; however, with all investment types considered, the total comes to 24 countries and over 100 market centers. Both brokers also make it a seamless trading experience, allowing clients to trade from their primary account. Charles Schwab (12 countries of equities access) requires a separate account to be opened to place trades and ETRADE shut down its Global Trading service in 2015.

There are plenty of options available for futures trading, while forex trading is scarcely supported. Just two brokers, TD Ameritrade and Tradeking, offers forex trading to US clients, and just over half the industry offers futures trading.

All variables considered, TD Ameritrade is the top choice for the largest offering of investments in 2017, earning 95% of the possible points. Interactive Brokers and Charles Schwab follow in second place, both earning 91%, although we give the tie breaker to Interactive Brokers for its slew of order types and extensive international support. If investing outside of the United States, Interactive Brokers is your best bet.

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1 TD Ameritrade Logo
Investments Offering

Trade free for 90 days + get up to $600 - Learn More

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2 Interactive Brokers Logo
Investments Offering

Trade on over 100 market centers in 24 countries - Learn More

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3 Charles Schwab Logo
Investments Offering

Announcing $4.95 online equity trades at Schwab. Open an account

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4 Fidelity Investments Logo
Investments Offering

Get 300 commission-free trades and 2 years to use them - Learn More

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5 E*TRADE Logo
Investments Offering

Announcing $6.95 Online Equity & Options Trades. Join today! - Learn More

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All pricing data was obtained from a published web site as of 2/20/2017 and is believed to be accurate, but is not guaranteed. The StockBrokers.com 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 StockBrokers.com 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 09/30/2017 and funded within 60 calendar days of account opening with $3,000 or more. To receive $100 bonus, account must be funded with $25,000-$99,999. To receive $300 bonus, account must be funded with $100,000-$249,999. To receive $600 bonus, account must be funded with $250,000 or more. Offer is not valid on tax-exempt trusts, 401k accounts, Keogh plans, Profit Sharing Plan, or Money Purchase Plan. Offer is not transferable and not valid with internal transfers, accounts managed by TD Ameritrade Investment Management, LLC, 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 calendar 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.