Ally Invest, TD Ameritrade, and Fidelity Investments accept account applications from U.S. citizens and legal residents. They offer a majority of brokerage accounts
including margin accounts, managed accounts, traditional IRA, ROTH IRA, and retirement accounts for self-employed. TD Ameritrade and Ally Invest also
offer forex trading accounts, and the former firm provides access to the futures market.
The brokers offer customers stocks listed on NASDAQ, NYSE, and other exchanges. They also offer
investing in literally thousands of mutual funds from all top mutual fund families including Fidelity and
Vanguard. The categories of mutual funds available through these brokers are load, no-load, NTF (commission
fee), index funds, bond, target retirement funds and many others. The top brokerage firms also provide options
trading (including complex options) as well as investing in ETF's (exchange traded funds) and in the majority
of available investment grade bond securities.
You can open a new brokerage or an IRA account, or transfer your existing brokerage account to one of these firms by clicking on the links on our website and
completing an application form. Or you could go to the company's website directly. TD Ameritrade and Ally Invest allow opening an account with $0 down, while Fidelity
requires $2,500 minimum initial deposit. All three companies offer generous promotions to new customers.
TD Ameritrade, Ally Invest, and Fidelity are safe to use since they are all members of SIPC and FINRA.
This means that they are regulated by the United States government, and their client accounts are insured for up to $500,000 per customer, including up to $250,000 in cash.
If you are only comfortable investing with a large, well-known broker, then both Fidelity and TD Ameritrade are great choices. The companies belong to the "Big 5 Brokerages" -
the five largest brokerage houses in the U.S. They have been in business for over 30 years. These are the top brokerage companies for beginners,
long term and mutual fund investors.
TD Ameritrade provides powerful, intuitive, and sophisticated sets of trading tools for every investor's experience level. It also offers virtual trading, no-fee IRAs,
free streaming quotes, and the best independent investment research. There are ways to build a
portfolio at the firm without paying a dime. TD Ameritrade is one of the top choices for IRAs, buy-and-hold investors, and anyone who wants the best trading
platform on the market. In 2021, we have rated it
The Best Overall Broker.
Ally Invest offers easy-to-use yet powerful trading tools, low-cost managed accounts, fee-free retirement accounts,
free streaming quotes, and great beginner investor education. Stock and ETF transactions cost rock-bottom $0 per trade, and no-load mutual
funds are just $9.95 per transaction. Ally Invest is one of the top brokerage houses for bargain seekers, options traders, and active investors.
Make sure to read broker reviews before opening an account - it will help you make a more educated decision.
Promotions
TD Ameritrade:
$0 commissions + transfer fee reimbursement.
Ally Invest:
Up to $3,000 cash bonus + $0 commission trades.
Fidelity:
Get $0 stocks commissions.