Largest Stock Brokerage Firms

Largest Brokerage Firms in U.S.


Below is the list of six largest brokerage firms in the United States: "The big five brokerages" plus new sixth biggest online broker - TradeKing. "The big five brokerages" is the term commonly used to describe the 5 largest brokerage houses in the nation by the number of customers and assets: TD Ameritrade, Etrade, Fidelity Investments, Charles Schwab, and Scottrade.

In the spring of 2012, TradeKing announced its merger with another popular discount broker - Zecco. Combined company is now the sixth biggest in the U.S. It offers much more attractive pricing than "The big five brokerage houses", award-winning customer service, and an excellent suite of trading tools selected from the both firms.

We believe that larger and more powerful TradeKing will be able to grab bigger piece of the North America retail investors market as well as get more institutional clients. This should put a downward pressure on the main brokerage firms commissions. As the result of more competition, customers should come out the biggest winners.

The largest online brokerage houses in the US are listed below without any particular order. By "largest" we mean the total number of clients they have in 2014. You could read detailed reviews, with the lists of advantages and disadvantages these major stock brokers have by clicking links on the right side.


Largest Brokerage
Rating and Website
Trading
Commissions
Investments
Offered
Brokerage
Review


4-star brokerage firm rating

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


4.5-star brokerage firm rating

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


4-star brokerage firm rating

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


4-star brokerage firm rating

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
  • International Stocks
  • Margin Loans
  • Insurance
Charles Schwab
Review


4-star brokerage firm rating

Fidelity review


Stocks, ETFs: $7.95

Mutual Funds: $75

Options: $7.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
  • Money Market Funds
  • International Stocks
Fidelity
Review


4.5-star brokerage firm rating



Stocks, ETFs: $4.95

Mutual Funds: $9.95

Options: $4.95 plus
$0.65 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Forex
  • CDs
  • ETFs
TradeKing
Review
This article was updated on 9/26/2014.




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