Brokerage Reviews

Discount Online Broker Reviews. Stock Brokerage Reviews and Ratings for 2017.



Online
Broker
Broker
Commissions
Investments
Offered
Broker
Review
TD Ameritrade
Stocks, ETFs: $6.95

Mutual Funds: $49.99

Options: $6.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
  • Futures
  • Forex
TD Ameritrade rating

TD Ameritrade
Review
Ally Invest
Stocks, ETFs: $4.95

Mutual Funds: $9.95

Options: $4.95 plus
$0.65 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Forex
  • CDs
  • ETFs
Ally Invest rating

Ally Invest
Review
TradeStation
Stocks, ETFs: $5

Mutual Funds: $14.95

Options: $5 plus $0.50 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
  • Forex
Tradestation rating

TradeStation
Review
Charles Schwab
Stocks, ETFs: $4.95

Mutual Funds: $76 to buy
$0 to sell

Options: $4.95 plus
$0.65 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
Charles Schwab rating

Charles Schwab
Review
Fidelity
Stocks, ETFs: $4.95

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

Options: $4.95 plus
$0.65 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
Fidelity Investments rating

Fidelity
Review
Scottrade
Stocks, ETFs: $6.95

Mutual Funds: $17

Options: $6.95 plus
$0.70 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Munis
  • ETFs
Scottrade rating

Scottrade
Review
Firstrade
Stocks, ETFs: $2.95

Mutual Funds: $9.95

Options: $2.95 plus
$0.50 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • ETFs
Firstrade rating

Firstrade
Review
E*trade
Stocks, ETFs: $6.95

Mutual Funds: $19.99

Options: $6.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
Etrade rating

Etrade
Review
Interactive Brokers
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
Interactive Brokers rating

Interactive Brokers
Review
Vanguard
Stocks, ETFs: $7 - $20

Mutual Funds: $8 - $35

Options: $30 plus
$1.50 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • ETFs
Vanguard rating

Vanguard
Review
Motif
Stocks, ETFs: $4.95

Mutual Funds: N/A

Options: NA
  • Stocks
  • ETFs
Motif Investing rating

Motif Investing
Review
Merrill Edge
Stocks, ETFs: $6.95

Mutual Funds: $19.95

Options: $6.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
Merrill Edge rating

Merrill Edge
Review
Capital One Investing
Stocks, ETFs: $6.95

Mutual Funds: $19.95

Options: $6.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • ETFs
Capital One Investing rating

Capital One Investing
Review
USAA
Stocks, ETFs: $8.95

Mutual Funds: $45 minimum

Options: $8.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Annuities
  • ETFs
USAA rating

USAA Brokerage
Review
Lightspeed
Stocks, ETFs: $4.50

Mutual Funds: NA

Options: $0.60 per contract
plus exchange fees
  • Stocks
  • Options
  • Futures
  • Bonds
  • ETFs
Lighspeed Trading rating

Lightspeed
Review
ChoiceTrade
Stocks, ETFs: $5

Mutual Funds: $25

Options: $5 plus
$0.15 per contract
  • Stocks
  • Options
  • Mutual Funds
  • ETFs
Choicetrade rating

ChoiceTrade
Review
Wellstrade
Stocks, ETFs: $5.95

Mutual Funds: $35

Options: $5.95 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
Wellstrade rating

WellsTrade
Review
Sogotrade
Stocks, ETFs: $5

Mutual Funds: N/A

Options: $5 plus
$0.50 per contract
  • Stocks
  • Options
  • ETFs
Sogotrade rating

SogoTrade
Review
Cobratrading
Stocks, ETFs: $5

Mutual Funds: NA

Options: $0.50 per contract, $1 min.
  • Stocks
  • Options
  • ETFs
Cobra TRading rating

Cobra Trading
Review
Kapitall
Stocks, ETFs: $7.95

Mutual Funds: NA

Options: NA
  • Stocks
  • ETFs
Kapitall rating

Kapitall
Review
Trading Block
Stocks, ETFs: $7.50

Mutual Funds: $20

Options: $7.50 plus
$0.75 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
Trading Block rating

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

Mutual Funds: $35

Options: $34 - $370
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
Muriel Siebert rating

Muriel Siebert
Review
SpeedTrader
Stocks, ETFs: $6.95

Mutual Funds: NA

Options: $2.50 plus
$1 per contract
  • Stocks
  • Options
  • ETFs
Speedtrader rating

SpeedTrader
Review
Just2trade

Stocks, ETFs: $2.50

Mutual Funds: $12

Options: $2.50 plus
$0.50 per contract
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
just2trade rating

Just2trade
Review


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Note: most online brokerage firms reviewed 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 2017, the online investing industry is more competitive than at any point in its history. There are over thirty notable discount brokerage firms actively competing for investor attention. These companies range widely in size; some have tens of thousands of customers, while others have millions. Some brokers are targeting active investors and day traders, while others focus their attention on long-term and retirement investors. There are brokerages that mostly concentrate their attention on mutual funds, and there are companies that specialize in stock, options, forex, and futures trading. The industry is growing, filling all the available niches, and offering clients an ever richer set of services, products, and tools.

With so many choices, it's not easy to choose a brokerage firm. How do you narrow down more than thirty brokers? This is where online broker reviews become very helpful. There are business analysts, financial magazines, regular investors, and bloggers that opened investment accounts at the discount brokerage firms, tried their services, and posted brokerage reviews online.


Brokerage-Review.com online broker reviews, ratings and rankings


When preparing our online brokerage firm ratings and reviews for 2017, we considered and compared discount brokers using the 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 trade; and research amenities. After making this detailed analysis, each brokerage received a star-based rating. Five stars is the highest possible online brokerage rating, and one star is the lowest. The discount brokers also were ranked according to the total score they received. Above, they are listed in that order.

In our broker reviews, we tried to provide information useful to all readers, including active investors, day traders, retirement account holders, and long-term buy-and-hold investors. Of course, all these groups have their own unique needs, and just one broker rating cannot be accurate for all investors.

Almost all companies on Brokerage-Review.com website are members of U.S. regulatory agencies, including SIPC (the brokerage equivalent of FDIC insurance) and FINRA (the largest independent regulator for all securities firms doing business in the United States). If a firm is not a member of SIPC or FINRA, we mention it in the company's review.

The 2017 brokerage firm ratings, reviews, and rankings provided on this site are our own opinion unless specified otherwise. The information is subject to change in the future. Brokerage firms do occasionally alter their fees, commissions, technological offerings, and product availability. Visit broker websites directly for the most up-to-date information on pricing and company policies.


Broker reviews and ratings from other sources


Every discount brokerage firm we have rated has its own unique strengths and weaknesses, and might not be the best choice for every type of customer. We strongly encourage our readers to take time to read online broker reviews from a few sources on the internet. This will provide a more complete and accurate picture of a brokerage firm under consideration.

It is also helpful to read brokerage companies' client reviews and complaints, which usually can be found as comments at the bottom of review articles or on specialized customer complaints websites. It is, however, helpful to keep in mind that upset clients are much more likely to go on the internet and post reviews than satisfied customers. If a brokerage firm has millions of clients and there are just a few complaints, it means a vast majority of the clients are happy with the firm.


Opening a brokerage account


Some online brokers allow new clients to open an account with no initial cash deposit. Opening a few accounts with these companies will allow you to try out several companies and choose the one or two you like most, based on your own experience. Using this method will allow you to make better decisions about where to invest your money. However, choosing this approach will not necessarily work for all retirement accounts, since many brokers (although not all) charge an IRA closing fee, which can be anywhere from $20 to $125 (see the fee schedules in our reviews). All discount brokers we have reviewed do not charge fees for closing taxable (or non-IRA) brokerage accounts.


Brokerage-Review.com new articles


On 11/17/2017 added Charles Schwab vs Robinhood article.

On 11/10/2017 added How to close brokerage account article.

On 11/9/2017 added Margin interest calculator article.

On 11/7/2017 added Robinhood dividend reinvestment article.

On 11/7/2017 added Robinhood minimum to open article.

On 11/6/2017 added Ally vs TD Ameritrade vs Etrade article.

On 11/2/2017 added Ameritrade vs Firstrade article.

On 11/1/2017 added Thinkorswim vs Charles Schwab article.

On 10/31/2017 added Best brokerage firm for chinese article.

On 10/30/2017 added U.S. brokers for U.K. citizens article.

On 10/27/2017 added Charles Schwab paper trading article.

On 10/26/2017 added TIAA vs Fidelity article.

On 10/25/2017 added Primerica IRA review article.

On 10/22/2017 added Vanguard dividend reinvestment article.

Updated on 11/06/2017.
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