Online Broker Reviews. Stock Brokerage Firm Ratings.



Online
Broker
Broker
Commissions
Investments
Offered
Broker
Review
TD Ameritrade
Stocks, ETFs: $6.95

Mutual Funds: $49.99

Options: $6.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
  • Futures
  • Forex
TD Ameritrade rating

TD Ameritrade
Review
Ally Invest
Stocks, ETFs: $4.95

Mutual Funds: $9.95

Options: $4.95 plus
$0.65 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Forex
  • CDs
  • ETFs
Ally Invest rating

Ally Invest
Review
TradeStation
Stocks, ETFs: $5

Mutual Funds: $14.95

Options: $5 plus $0.50 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
Tradestation rating

TradeStation
Review

Optionshouse

Stocks, ETFs: $4.95

Mutual Funds: $20

Options: $4.95 plus $0.50 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
Optionshouse rating

Optionshouse
Review
Charles Schwab
Stocks, ETFs: $4.95

Mutual Funds: $76 to buy
$0 to sell

Options: $4.95 plus
$0.65 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
Charles Schwab rating

Charles Schwab
Review
Fidelity
Stocks, ETFs: $4.95

Mutual Funds: $49.95 ($75 for some funds)

Options: $4.95 plus
$0.65 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
Fidelity Investments rating

Fidelity
Review
Scottrade
Stocks, ETFs: $6.95

Mutual Funds: $17

Options: $6.95 plus
$0.70 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Munis
  • ETFs
Scottrade rating

Scottrade
Review
E*trade
Stocks, ETFs: $6.95

Mutual Funds: $19.99

Options: $6.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
Etrade rating

Etrade
Review
Motif
Stocks, ETFs: $4.95

Mutual Funds: N/A

Options: NA
  • Stocks
  • ETFs
Motif Investing rating

Motif Investing
Review
Optionsxpress
Stocks, ETFs: $4.95

Mutual Funds: $9.95

Options: $4.95 plus $0.65 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
Optionsxpress rating

OptionsXpress
Review
Interactive Brokers
Stocks, ETFs: $0.005 per share
with $1 minimum

Mutual Funds: $14.95

Options: $0.70 per contract
plus exchange fees
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • Forex
  • ETFs
Interactive Brokers rating

Interactive Brokers
Review
Merrill Edge
Stocks, ETFs: $6.95

Mutual Funds: $19.95

Options: $6.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • CDs
  • Annuities
  • ETFs
Merrill Edge rating

Merrill Edge
Review
Vanguard
Stocks, ETFs: $7 - $20

Mutual Funds: $8 - $35

Options: $30 plus
$1.50 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • ETFs
Vanguard rating

Vanguard
Review
Capital One Investing
Stocks, ETFs: $6.95

Mutual Funds: $19.95

Options: $6.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • ETFs
Sharebuilder rating

Capital One Investing
Review
Firstrade
Stocks, ETFs: $4.95

Mutual Funds: $9.95

Options: $4.95 plus
$0.65 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • ETFs
Firstrade rating

Firstrade
Review
USAA
Stocks, ETFs: $8.95

Mutual Funds: $45 minimum

Options: $8.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Annuities
  • ETFs
USAA rating

USAA Brokerage
Review
Lightspeed
Stocks, ETFs: $4.50

Mutual Funds: NA

Options: $0.60 per contract
plus exchange fees
  • Stocks
  • Options
  • Futures
  • Bonds
  • ETFs
Lighspeed Trading rating

Lightspeed
Review
ChoiceTrade
Stocks, ETFs: $5

Mutual Funds: $25

Options: $5 plus
$0.15 per contract
  • Stocks
  • Options
  • Mutual Funds
  • ETFs
Choicetrade rating

ChoiceTrade
Review
Wellstrade
Stocks, ETFs: $9

Mutual Funds: $35

Options: $9.95 plus
$1 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
Wellstarde rating

WellsTrade
Review
Sogotrade
Stocks, ETFs: $5

Mutual Funds: N/A

Options: $5 plus
$0.50 per contract
  • Stocks
  • Options
  • ETFs
Sogotrade rating

SogoTrade
Review
Cobratrading
Stocks, ETFs: $5

Mutual Funds: NA

Options: $0.50 per contract, $1 min.
  • Stocks
  • Options
  • ETFs
Cobra TRading rating

Cobra Trading
Review
Kapitall
Stocks, ETFs: $7.95

Mutual Funds: NA

Options: NA
  • Stocks
  • ETFs
Kapitall rating

Kapitall
Review
Trading Block
Stocks, ETFs: $7.50

Mutual Funds: $20

Options: $7.50 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
Trading Block rating

Trading Block
Review
Muriel Siebert
Stocks, ETFs: $14.95+

Mutual Funds: $35

Options: $34 - $370
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
Muriel Siebert rating

Muriel Siebert
Review
SpeedTrader
Stocks, ETFs: $6.95

Mutual Funds: NA

Options: $2.50 plus
$1 per contract
  • Stocks
  • Options
  • ETFs
Speedtrader rating

SpeedTrader
Review
Just2trade

Stocks, ETFs: $2.50

Mutual Funds: $12

Options: $2.50 plus
$0.50 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
just2trade rating

Just2trade
Review


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Note: most online brokerage firms reviewed on our website accept account applications only from U.S. citizens or legal residents. If you are not in one of these two categories then read this.


Online investing industry


In 2017, the online investing industry is more competitive than at any point in its history. There are around three dozen notable discount brokerage firms actively competing for investor attention. These companies range widely in size; some have tens of thousands of customers, while others have millions. Some brokers are targeting active investors and day traders, while others focus their attention on long-term and retirement investors. There are brokerages that mostly concentrate their attention on mutual funds, and there are companies that specialize in stock, option, forex, and futures trading. The industry is growing, filling all the available niches, and offering clients an ever richer set of services, products, and tools.

With so many choices, it's not easy to choose a brokerage firm. How do you narrow down more than thirty brokers? This is where online broker reviews come in. There are business analysts, financial magazines, regular investors, and bloggers that opened investment accounts at the discount brokerage firms, tried their services, and posted feedback on-line.


Our own online brokerage reviews, ratings and rankings


When preparing our online brokerage firm ratings and reviews, we considered and compared discount brokers using the following parameters: investment commissions and brokerage fees, customer service, usability of trading tools and website, presence of an online trader community and depth of educational resources, various supplemental services, range of products to trade, and research amenities. After making this detailed analysis, each brokerage received a star-based rating. Five stars is the highest possible rating, and one star is the lowest. The online brokers also were ranked according to the total score they received. Above, they are listed in that order.

In our broker reviews, we tried to provide information useful to all readers, including active investors, day traders, retirement account holders, and long-term investors. Of course, all these groups have their own unique needs, and it's not always accurate to use one score for all investors.

Almost all companies on our website are members of U.S. regulatory agencies, including SIPC (the brokerage equivalent of FDIC insurance) and FINRA. If a firm is not a member of a U.S. regulatory agency, we mention it in the company's review.

The ratings, reviews, and rankings provided on this site are our own opinion unless specified otherwise. The information is subject to change in the future. Brokerage firms do occasionally alter their fees, commissions, technological offerings, and product availability. Visit broker websites directly for the most up-to-date information on pricing and company policies.


Broker reviews and ratings from other sources


Every discount brokerage firm we have rated has its own unique strengths and weaknesses, and might not be the best choice for every type of customer. We strongly encourage our readers to take time to read online broker reviews from a few sources on the internet. This will provide a more complete and accurate picture of a brokerage firm under review.

It is also helpful to read brokerage companies' client reviews and complaints, which usually can be found as comments at the bottom of review articles or on specialized websites. Keep in mind that upset clients are much more likely to go on the internet and post reviews than satisfied customers. If a brokerage firm has millions of clients and there are just a few complaints, it means most of the clients are happy with the firm.


Opening a brokerage account


Some online brokers allow new clients to open an account with no initial cash deposit. Opening a few accounts with these companies will allow you to try out several and choose the one or two you like most, based on your own experience. Using this method will allow you to make better decisions about where to invest your money. However, choosing this approach will not necessarily work for all retirement accounts, since many brokers (although not all) charge an IRA closing fee, which can be anywhere from $20 to $125 (see the fee schedules in our reviews). All discount brokers we have reviewed do not charge fees for closing regular (non-IRA) brokerage accounts.

Many stock brokers offer promotions to new customers for opening an account. Sometimes existing clients are also eligible for one of these specials. Some of them are very generous. For example, a promo may include anywhere from one to three months of free trading, plus a cash bonus. The size of the bonus may depend on the amount the customer deposits. We strongly encourage our readers to take advantage of these promotions since they create an opportunity not only to place trades with the broker at no cost, but potentially make some extra cash as well.


Brokerage-Review.com new articles


On 6/15/2017 added TD Ameritrade cash sweep article.

On 6/14/2017 added TD Ameritrade level 2 article.

On 6/13/2017 added Motif margin interest rates article.

On 6/10/2017 added Ally LIVE review article.

On 6/9/2017 added Betterment complaints article.

On 6/8/2017 added Merryll Lynch vs Merrill Edge article.

On 6/7/2017 added Wellstrade extended hours trading article.

On 6/6/2017 added Merrill Edge extended hours trading article.

On 6/5/2017 added Best investment accounts article.

On 6/1/2017 added Ally Invest vs Etrade article.

On 6/1/2017 added Most user friendly broker article.

On 5/31/2017 added Blue Cross insurance review article.

On 5/30/2017 added Ally Invest vs Fidelity article.

On 5/29/2017 added Ally Invest vs Robinhood article.

On 5/26/2017 added Ally Invest vs Robinhood article.

On 5/23/2017 added Easiest brokerage firm article.

On 5/22/2017 added Ally Invest vs Ameritrade article.

On 5/19/2017 added Farm Bureau IRA review article.

On 5/18/2017 added Ally Invest review article.

On 5/17/2017 added EveryDollar.com review article.

On 5/16/2017 added Ally Invest fees article.

Updated on 6/15/2017.


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