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Barrons Broker Survey 2020 Ranking

Blain Reinkensmeyer

Below are the final rankings from the Barron’s 2020 Best Online Brokers Ranking. The Barron's annual broker survey assessed 10 brokerages across six categories: Trading, Mobile, Usability, Research/Education/News, International, and Retirement/Dividends.

They use a point-based system that is weighted by category groups, resulting in an overall ranking by star ratings. There were two brokers who opted not to participate for 2020, Vanguard and Firstrade respectively. Also, TradeStation never responded to inquiries of being included in the review. The final ranking (Source):

Barron's Broker Survey 2020 Results

  1. 1. Fidelity - 5 Stars
  2. 2. Interactive Brokers - 5 Stars
  3. 3. E*TRADE - 4.5 Stars
  4. 4. TD Ameritrade - 4 Stars
  5. 5. Charles Schwab - 4 Stars
  6. 6. tastyworks - 3.5 Stars
  7. 7. Merrill Edge - 3.5 Stars
  8. 8. Ally Invest - 3 Stars
  9. 9. SogoTrade - 2.5 Stars
  10. 10. TradingBlock - NA (just being released)

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Blain Reinkensmeyer

About the author: As Head of Research at, Blain Reinkensmeyer has 20 years of trading experience with over 1,000 trades placed during that time. Referenced as a leading expert on the US online brokerage industry, Blain has been quoted in the Wall Street Journal, The New York Times, and the Chicago Tribune, among others.

All pricing data was obtained from a published web site as of 01/19/2021 and is believed to be accurate, but is not guaranteed. 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.

1$0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract), which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody Solutions® are subject to different commission schedules.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

TD Ameritrade, Inc. and are separate, unaffiliated companies and are not responsible for each other’s services and products. View terms.

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