List of Brokerage Firms

List of Stock Brokerage Firms. Online Stock Trading Companies List.


Below is the 2016 list of stock brokers doing business in the United States. Their names are ordered alphabetically. The table contains firms' website links, commissions on stock and ETF investing, and minimum amounts required to open a new brokerage account. There you could also find the stock trading companies ratings as well as links to detailed account reviews.


Broker Website Rating Stock/ETF
Commission
Minimum
to Open
Broker Review
Ameritrade Ameritrade brokerage rating

$9.99 $0 TD Ameritrade Review
Capital One Sharebuilder rating

$6.95 $0 Capital One Review
Charles Schwab 4-star brokerage firm rating

$8.95 $1,000 Charles Schwab Review
ChoiceTrade 3-star brokerage firm rating

$5 $0 ChoiceTrade Review
Etrade Etrade brokerage rating

$9.99 $500 Etrade Review
Fidelity 4-star brokerage firm rating

$7.95 $2,500 Fidelity Review
Firstrade Firstrade brokerage rating

$6.95 $0 Firstrade Review
Interactive Brokers IB brokerage rating

$1-$100 $10,000 IB Review
Kapitall 2-star brokerage firm rating

$7.95 $0 Kapitall Review
Just2trade

$2.50 $2,500 Just2trade Review
LightSpeed 3-star brokerage firm rating

$4.50 $10,000 LightSpeed Review
Merrill Edge Merrill Edge brokerage rating

$6.95 $0 Merrill Edge Review
Muriel Siebert Siebert brokerage rating

$14.95+ $0 Muriel Siebert Review
Motif Investing Motif brokerage rating

$4.95 $200 Motif Investing Review
Optionshouse Optionshouse rating

$4.95 $0 Optionshouse Review
Scottrade Scottrade rating

$7 $2,500 Scottrade Review
Sogotrade 3-star brokerage firm rating

$5 $0 Sogotrade Review
SpeedTrader 2-star brokerage firm rating

$6.95 $0 SpeedTrader Review
Thinkorswim Thinkorswim rating

$9.99 $0 Thinkorswim Review
TradeKing 4.5-star brokerage firm rating

$4.95 $0 TradeKing Review
TradeStation Tradestation rating

$9.99 $5,000 TradeStation Review
Trading Block 3-star brokerage firm rating

$7.50 $500 Trading Block Review
USAA Brokerage USAA brokerage rating

$8.95 $0 USAA Review
Vanguard 3-star brokerage firm rating

$7 ($20) $1,000 Vanguard Review
WellsTrade 3-star brokerage firm rating

$8.95 $1,000 WellsTrade Review


List of Stock Brokerage Firms


We used a five-star-based rating system to rate U.S. stock trading companies in the online stock brokers list above. The best brokerage firms would get the highest, five-star rating. In 2016 not a single firm got five stars, however three brokers were rated at four and half stars. Any brokerage house with two- or one-star rating should be avoided. Three-star rated firm is perfectly fine, but there are, probably, better options for investors to consider. All companies with three and half stars and higher are recommended for at least one category of investors.

Every online brokerage firm listed above has its strengths and weaknesses. It might be ideal for one customer and at the same time might not work for someone else. Before opening a brokerage account, there are a lot of parameters to consider besides commissions, well-known name, and pretty website. Some of the most important of these parameters are surcharges and fees; friendliness to client's knowledge level (perhaps one is a beginner? or needs a professional-level trading platform?); availability of investment products a client wants to buy (for example forex, futures, or NTF mutual funds) as well as availability of online community, virtual trading, and discounts. We suggest to investors to take a time to read brokerage reviews, and see for themselves if a particular firm is a right fit.

Some online brokers in the list above allow clients to open an account with $0 down: investors should take this opportunity and open few brokerage accounts, and see which one they like the most. This will also allow investors to take advantage of unique and valuable features some of the companies provide at no charge. For example, OptionsHouse offers lots of great trading and screening tools, and $0 to open account. If a client decides to invest, the firm has hard-to-beat $4.95 commission on stocks and ETFs. With TD Ameritrade there is $0 minimum to open an account, and a client will get an amazing selection of independent, third-party investment research, best trading platform on the market, free Level 2 quotes, and generous promotional offer. There are no inactivity or maintenance fees to worry about - everything is free.

The list of stock brokerage firms is updated throughout the year. In 2016 TradeMonster and MB Trading were removed from the table above, since they got acquired and merged into OptionsHouse and TradeKing respectively. Later in the year TradeKing itself got acquired by Ally Bank, and Etrade Securities bought OptionsHouse. If the new parent companies of TradeKing or OptionsHouse later decide to integrate and re-brand them under their own names as oppose to keeping them as separate entities, we will update the table accordingly.

All companies mentioned in this article are members of SIPC and FINRA, which means that they have to follow strict government rules and regulations, and their client accounts are insured (similar to bank accounts FDIC insurance) in case of brokerage company failure for up to $500,000 ($250,000 cash).

If you know a U.S. online stock trading company not listed here that should be included in the table above, please contact us.


Updated on 8/8/2016.




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