Best Investment Companies: 10 Top Rated Online Investing Firms in 2016



Investment Firm
Rating
Broker
Promotion
Products         
Offered         
Company
Review







Get up to $2,000 and 50 free trades when you open new account or add funds to existing account.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Munis
  • ETFs
  • International Stocks
Scottrade
Review






Get $100 in free commissions. No hidden fees. No minimums.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Forex
  • CDs
  • ETFs
TradeKing
Review






Trade free for 60 days + get up to $600.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
  • Futures
  • Forex
TD Ameritrade
Review






Trade free for 60 days + Get up to $600.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
  • Futures
  • Forex
Thinkorswim
Review






Trade Free For 60 Days when you Open a New OptionsHouse Account.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
Optionshouse
Review






60 days of free trades for deposits of $10k or more.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
Etrade
Review






Open USAA Brokerage Account.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Annuities
  • ETFs
USAA
Review






None right now.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
Charles Schwab
Review






None right now.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
  • International Stocks
Fidelity
Review






Get up to $500 - trade commission free for 90 days.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
TradeStation
Review




Broker Fees Stocks/ETFs
Commissions
Mutual Funds
Commissions
Options
Commissions
Maintenance
Fees
IRA Setup
and Annual Fees
Tradeking $4.95 $9.95 $4.95 + $0.65 per contract $50* $0
Optionshouse $4.95 $19.95 $4.95 + $0.50 per contract $0 $0
Scottrade $7 $17 $7 + $0.70 per contract $0 $0
TD Ameritrade $9.99 $49.95 $9.99 + $0.75 per contract $0 $0
Thinkorswim $9.99 $49.95 $9.99 + $0.75 per contract $0 $0
Etrade $9.99 $19.99 $9.99 + $0.75 per contract $0 $0
Fidelity $7.95 $49.95 ($75 for some funds) $7.95 + $0.75 per contract $0 $0
Charles Schwab $8.95 $76 ($0 to sell) $8.95 + $0.75 per contract $0 $0
USAA $5.95 ($8.95) $45 $5.95 ($8.95) + $0.75 per contract $0 $0
Tradestation $4.99+ $14.95 $4.99 + $0.20 per contract $120** $35

* TradeKing imposes $50 inactivity fee if combined account value of the household account(s) is less than $2,500 AND no commission-charged trades have been executed in the account(s) during the last 12 months.

** Tradestation charges $99.95 monthly fee if not traded at least 5,000 shares in previous month (or 50 options contracts a month; or 10 round-turn futures or futures option contracts; or 50 round-turn single stock futures). Fee also doesn't apply for accounts with $100,000+ balance



Broker Review Investment Products Trading Tools Customer Service Research Overall Rating
Tradeking
Scottrade
TD Ameritrade
Thinkorswim
Optionshouse
Etrade
Fidelity
Charles Schwab
USAA
Tradestation





List above is our top 10 highest rated investment firms in 2016 for individual investors. There you could see the online investing companies ratings (highest possible is 5-star); links to the brokerage websites (logo image); commissions on stocks, ETFs, no-load mutual funds, and options trades; investment products offered by the firms as well as the links to detailed account reviews that contain new client sign up offers.

Some of these top 10 investment companies allow opening an account with no initial deposit requirement ($0 down) and no obligation (customers can close non-retirement account with no fee with all of these firms; and some brokers, such as Scottrade and Charles Schwab, also don't charge retirement account closing fees). This is a great opportunity to open a few brokerage accounts, and see first-hand which one you like better.

All of the top financial investment firms in the list above do not charge account maintenance fees for non-retirement accounts. Some of the companies have retirement account fees: we suggest to check our Fees pages for a complete information (links to these pages are available in our brokerage reviews). TradeKing and TradeStation are the only brokers in the list above that might charge account inactivity fee in some instances: for TradeStation the fee is $100 per month for accounts under $100K that not traded at least 5,000 shares or 50 options contracts in previous month; for TradeKing it's $50 annual fee if account balance is less than $2,500 and no trades have been executed in that year.

As you can see, commissions on stock and ETF trades range anywhere from $5 charged by TradeKing and OptionsHouse all the way up to $10 at TD Ameritrade and Etrade. Some of the investment firms have lower pricing for active traders: at TradeStation the fee drops from $10 to $5; at USAA from $9 to $6, and at Etrade from $10 to $8. TD Ameritrade and Thinkorswim will also give traders better pricing but they don't advertise this ability - customers that can show that they are active traders can call the firm and negotiate lower rates.

Mutual funds commissions have even wider range of prices: the rate is anywhere from $10 at TradeKing and all the way up to $76 for purchase transaction at Charles Schwab. Many of these investment firms also offer no transaction fee mutual funds and that allows their clients to buy and sell mutual funds without paying commissions.

On the surface it may seem that some of the brokerage firms mentioned are extremely expensive (TD Ameritrade, Etrade and Charles Schwab) while others are very cheap (TradeKing and OptionsHouse). Generally speaking it's true. But for many clients there is a way to invest with some higher priced brokers basically for free. TD Ameritrade is the best case: the firm offers over 100 commission free ETFs, thousands of no transaction fee mutual funds, and a promotion that offers 60 days of trading for free. With all these perks most customers could essentially create a diversified portfolio at the firm without paying any commissions.

Each of the 10 top financial investment companies has its strengths and weaknesses, and not every firm is right for a particular investor. We encourage readers to take a time to read the reviews, to see if a specific firm is a good fit for them.

The top investment companies are not shy to offer new customers promotional deals and incentives for opening a new non-IRA or even a retirement account: anything from reimbursing account transfer fees charged by an old broker; free trades for a period of time (usually one or two months); and up to significant cash bonuses (where amount of bonus often depends on the amount of initial deposit). Investors should definitely take advantage of these offers!



Tradeking: Get $100 in free commissions. No hidden fees. No minimums.

Optionshouse: Trade Free For 60 Days when you Open a New OptionsHouse Account.

Scottrade: Get up to $2,000 and 50 free trades when you open new account or add funds to existing account.

TD Ameritrade: Trade free for 60 days + get up to $600.

Etrade: 60 days of free trades for deposits of $10k or more.

Thinkorswim: Trade free for 60 days + Get up to $600.

Tradestation: Get up to $500 - trade commission free for 90 days.

USAA: Open USAA Brokerage Account.


Updated on 11/28/2016




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