Best Investment Firms

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




Investment Firm
Rating
Investing
Commissions
Products         
Offered         
Investment Firm
Review




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

4.5-star brokerage firm rating

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
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



Thinkorswim 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
Thinkorswim
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



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
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
Charles Schwab
Review

4-star brokerage firm rating

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
Fidelity
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



Best investment companies: top 10 rated online investing firms


List above is our top 10 highest rated investment firms in 2016 for individual investors. There you could see these 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 complete 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 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 few brokerage accounts, and see first-hand which one is 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.

When it comparing commissions on stock and ETF trades, the rates 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 feature.

Mutual funds commissions have even wider range: per transaction 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 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 a good example: 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!

Updated on 2/16/2016.





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