Best Financial Investment Firms


2018 top rated financial investment companies list. Best financial investment firms for individual investors in U.S.




Schwab


Charles Schwab rating

Charles Schwab has recently lowered its stock and ETF commission from $8.95 to $4.95, making the broker less expensive than its rivals Merrill Edge and Scottrade. Despite the new pricing, Schwab still provides more than 200 ETF's commission-free. The company also has over 300 brick-and-mortar locations plus 24/7 service over the phone or via on-line chat. Its very good desktop platform StreetSmart Edge only requires a $1,000 account balance, and its mobile app streams CNBC news free of charge.

Learn more in Charles Schwab review.

Promotion: Make $100,000 deposit and get 500 commission-free online equity and options trades.


Fidelity


Fidelity Investments rating

Very high in the list of financial firms is Fidelity, where customers pay only $4.95 for stock and ETF trades, but still receive excellent customer service in return. A representative is available over the phone or through on-line chat around the clock. The company also has several local offices. ETF traders have access to 84 securities that cost nothing to trade, while mutual fund investors can buy and sell more than 11,000 products. The Fidelity mobile app streams Bloomberg business news in HD, the only low-cost firm to do so. Fidelity also provides a platform for Apple Watch free of charge.

Learn more in Fidelity Investments review.

Promotion: Get 500 free trades with $100,000+ deposit.


TD Ameritrade


TD Ameritrade rating

There are over 500 Scottrade locations, more than any other in list of financial investment firms. Despite this convenient service, traders still pay only $6.95 for stock and ETF trades. The firm offers 296 commission-free ETF's and more than 2,000 mutual funds that come with no load and no transaction fee. Option contracts are just 65¢ each, another low charge. An advanced desktop platform is available to active traders, while other traders can use the TD Ameritrade website, which has been recently redesigned and boasts a useful trading ticket.

Learn more in TD Ameritrade review.

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


Merrill Edge


Merrill Edge rating

Traders at Merrill Edge pay just $6.95 for stock and ETF trades. The broker's website has excellent educational and research tools, while its trading ticket is very useful. There is also a Merrill Edge mobile app and Apple Watch platform. Frequent traders can use the company's advanced desktop platform. While the firm doesn't offer any commission-free ETF's, it does give out checks and a Visa debit card free of charge. Financial advice is available at an additional cost at many Bank of America locations.

Learn more in Merrill Edge review.


Ally Invest


Ally Invest rating

Ally Invest traders pay just $4.95 for stock and ETF transactions with $1 discount for active traders and large balances. This is one of the lowest commissions in the brokerage world. Option contracts are just 65¢ extra, also very low by industry standards. The firm's website is easy to use and the broker provides a desktop platform free of charge. A mobile app is also available. Both tools offer paper trading, a rare feature. Forex can also be traded at Ally Invest, one of the few securities brokers in list above to offer the service.

Learn more in Ally Invest review.

Promotion: Up to $3,500 cash bonus + commission free trades for new accounts.


WellsTrade


Wellstrade rating

Stock and ETF trades cost $8.95 at WellsTrade, although certain Wells Fargo Bank clients receive a $2 discount. The financial company requires no minimum deposit to open an account, although it does have a $20 annual fee. It can be avoided by maintaining a $5,000 account balance. Although WellsTrade doesn't offer any commission-free ETF's, it does provide a large mutual fund selection. WellsTrade does not have a desktop trading system, although the broker's website does have good charting tools with several technical indicators. The firm's mobile app is one of the few in the industry that can be used on Windows 10 mobile.

Learn more in Wellstrade review.


Firstrade


Firstrade rating

Rounding up the list of brokerage firms is Firstrade which charges $0 for equity transactions. There no account fees with the broker. The Firstrade website is user-friendly, and it has a handy trade ticket. Its mutual fund screener returns over 10,000 products, some of which carry no load and no transaction fee. While the broker doesn't have a desktop platform, it is the cheapest company among the top financial investment firms.

Learn more in Firstrade review.

Promotion: $0 commissions + up to $200 in transfer fee rebates.


Updated on 11/20/2018.