Online Brokerage Reviews

Online broker reviews. Discount brokerage firms ratings and rankings. Top stock trading and investment accounts.


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Online
Broker
Broker
Commissions
Investments
Offered
Online Broker
Reviews
Scottrade Review
Stocks, ETFs: $7

Mutual Funds: $17

Options: $7 plus
$1.25 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Munis
  • ETFs
  • International Stocks


Scottrade
Review
TradeKing Review
Stocks, ETFs: $4.95

Mutual Funds: $9.95

Options: $4.95 plus
$0.65 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Forex
  • CDs
  • ETFs
4.5-star brokerage firm rating

TradeKing
Review
TDAmeritrade review
Stocks, ETFs: $9.99

Mutual Funds: $49.99

Options: $9.99 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
  • Futures
  • Forex


TD Ameritrade
Review
Optionshouse Review
Stocks, ETFs: $4.95

Mutual Funds: $20

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


Optionshouse
Review
Etrade Review
Stocks, ETFs: $9.99

Mutual Funds: $19.99

Options: $9.99 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs


Etrade
Review
Charles Schwab Review
Stocks, ETFs: $8.95

Mutual Funds: $76 to buy
$0 to sell

Options: $8.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
4-star brokerage firm rating

Charles Schwab
Review
OptionsXpress review
Stocks, ETFs: $8.95

Mutual Funds: $9.95

Options: $14.95
(1 - 10 contracts)
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
4-star brokerage firm rating

OptionsXpress by
Charles Schwab
Review
Fidelity Review
Stocks, ETFs: $7.95

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

Options: $7.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
  • International Stocks
4-star brokerage firm rating

Fidelity
Review
USAA Brokerage Review
Stocks, ETFs: $5.95 - $8.95

Mutual Funds: $45 minimum

Options: $5.95 or $8.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Annuities
  • ETFs


USAA Brokerage
Review
TradeStation review 2016
Stocks, ETFs: $4.99 - $9.99

Mutual Funds: $14.95

Options: $1 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs


TradeStation
Review
Motif investing review
Stocks, ETFs: $4.95

Mutual Funds: N/A

Options: NA
  • Stocks
  • ETFs


Motif Investing
Review
Capital One Investing Review
Stocks, ETFs: $6.95

Mutual Funds: $19.95

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


Capital One Investing
Review
Firstrade Review
Stocks, ETFs: $6.95

Mutual Funds: $9.95

Options: $6.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • ETFs


Firstrade
Review
Merrill Edge review
Stocks, ETFs: $6.95

Mutual Funds: $19.95

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


Merrill Edge
Review
Interactive Brokers review 2016
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
  • International Stocks
3-star brokerage firm rating

Interactive Brokers
Review
Cobra Trading review
Stocks, ETFs: $5

Mutual Funds: NA

Options: $5 plus
$0.95 per contract
  • Stocks
  • Options
  • ETFs
3-star brokerage firm rating

Cobra Trading
Review
Lightspeed Trading Review
Stocks, ETFs: $4.50

Mutual Funds: NA

Options: $0.60 per contract
plus exchange fees
  • Stocks
  • Options
  • Futures
  • Bonds
  • ETFs
3-star brokerage firm rating

Lightspeed
Review
ChoiceTrade Review
Stocks, ETFs: $5

Mutual Funds: $25

Options: $0.99 per contact
$8.95 minimum
  • Stocks
  • Options
  • Mutual Funds
  • ETFs
3-star brokerage firm rating

ChoiceTrade
Review
WellsTrade review
Stocks, ETFs: $8.95

Mutual Funds: $35

Options: $9.95 plus
$1 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
3-star brokerage firm rating

WellsTrade
Review
Vanguard review
Stocks, ETFs: $7 - $20

Mutual Funds: $8 - $35

Options: $30 plus
$1.50 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • ETFs
  • International Stocks
  • Insurance
  • Commercial paper
3-star brokerage firm rating

Vanguard
Review
SogoTrade review
Stocks, ETFs: $5

Mutual Funds: N/A

Options: $5 plus
$0.50 per contract
  • Stocks
  • Options
  • ETFs
3-star brokerage firm rating

SogoTrade
Review
Kapitall review
Stocks, ETFs: $7.95

Mutual Funds: NA

Options: NA
  • Stocks
  • ETFs
2-star brokerage firm rating

Kapitall
Review
TradingBlock review
Stocks, ETFs: $7.50

Mutual Funds: $20

Options: $7.50 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
3-star brokerage firm rating

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

Mutual Funds: $35

Options: $34 - $370
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • International Stocks
  • ETFs


Muriel Siebert
Review
SpeedTrader Review
Stocks, ETFs: $6.95

Mutual Funds: NA

Options: $2.50 plus
$1 per contract
  • Stocks
  • Options
  • ETFs
2-star brokerage firm rating

SpeedTrader
Review
Just2trade review

Stocks, ETFs: $2.50

Mutual Funds: $12

Options: $2.50 plus
$0.50 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
  • International Stocks
1-star brokerage firm rating

Just2trade
Review

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Note: most online brokerage firms listed 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 2016 online investing industry is more competitive than ever before in its history. There are around three dozen notable discount brokerage firms actively competing for investor attention. These companies are ranging widely in size: some have tens of thousands customers, others have millions of customers. Some brokers are targeting active investors and daytraders, while others focus their attention on long term and retirement investors. There are brokerages that mostly concentrate their attention on mutual funds investing, and there are companies that specialize in stock, options, forex and futures trading. The industry is growing, filling all available niches, and offering clients ever richer set of services, products and tools.

Naturally, when investor is facing decision which brokerage company to choose, it is not the easy one. How to select the best broker from over thirty firms on the market? This is where online broker reviews can be very helpful. There are business analysts, financial magazines and regular investors and bloggers that opened investment accounts at the discount brokerage firms, tried their services and provided their finding on the internet.


Our own online brokerage reviews, ratings and rankings


When preparing our online brokerage firm ratings and reviews, we considered and compared discount brokers using 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 invest or trade, and investment research amenities. At the end, each brokerage company received star-based rating, where five stars is the highest possible rating and one star is lowest possible rating. The discount online brokers also got ranked according to the total score they received and they are listed above in that ranking order.

In our discount broker reviews we are tried to provide information useful to active investors, daytraders, retirement account holders, and average, long-term investors. Of course, all these groups of clients have their unique needs, and it is not always possible to have one rating to accurately reflect how broker is rated for all these groups of investors.

Our website visitors could find online broker reviews for the following brokerage firms: Ameriprise, TD Ameritrade, Chase, Charles Schwab, Choicetrade, Etrade, Fidelity Investments, Firstrade, Interactive Brokers, Just2trade, LightSpeed Trading, MB Trading, Merrill Edge, Merrill Lynch, Motif Investing, Muriel Siebert, Optionshouse, Optionsxpress, Scottrade, Capital One Sharebuilder, Sogotrade, Speedtrader, Thinkorswim, Tradeking, Trademonster, Trading Block, Tradestation, USAA Brokerage, Vanguard, Wells Fargo's Wellstrade, and Zecco. All of them are members of United States regulation agencies: SIPC (brokerage equivalent of FDIC insurance) and FINRA.

The stock broker ratings, reviews and rankings provided on this website are our own opinion unless specified otherwise. The information was partially updated in March of 2016 and is subject to change at any time. Visit brokerage websites directly for the most up-to-date information on commissions, fees and services.


Discount broker reviews and ratings from other sources


Every discount brokerage firm we rated has its strengths and weaknesses, and might not be right for every type of customer. We strongly encourage our readers to take a time to read online brokerage firm reviews from a few sources on the internet, to get the most complete picture if a particular company is a good fit for them.

It is also very helpful to read brokerage companies' client reviews, feedback and complaints, usually found as comments under the reviews articles or on specialized websites. However, it is important to remember that upset clients are much more likely to go on the internet and post reviews than satisfied customers. If a brokerage company has millions of clients and there are few dissatisfied reviews, it means most of the clients are happy with the firm.


Opening brokerage account


All discount brokers do not charge fees for closing regular (non-IRA) brokerage account. Some online brokers allow new clients to open an account with no initial cash deposit ($0 minimum to open account). It is a good idea to take advantage of this opportunity to open few brokerage accounts, try them out, and choose the one(s) you like more from your own experience. This will allow you to make more precise decision about where to invest your money. This idea does not work for all IRA accounts, since many brokers (but not all) charge IRA account closing fee: anywhere from $20 to $125 (see fee schedules in broker reviews).

Many investment companies offer promotion offers to lure customers to open an account. Some of these offers are very generous, and include anywhere from one to three months of free trading plus a cash bonus, amount of which depends on amount new customer deposits with the firm. We strongly encourage our readers to take advantage of these broker promotions since they save a lot of money and make it possible to build a diversified portfolio for free.

Updated on 2/24/2016.
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