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Consumer Reports Best IRA And Online Brokerage Firms in 2021
Consumer Reports ratings for online stock investment companies. Consumer Reports best IRA accounts
(ROTH and Traditional).
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Consumer Reports Best Online Brokers
Consumer Reports last year updated their article called
Brokerage service buying guide.
The main conclusions of the Consumer Reports article in their own words:
"Our members were generally satisfied with the customer service and professional advice provided by their investment companies. The survey covered traditional investment companies (a group that includes brokerages and investment adviser firms that offer personalized, professional advice to those with diversified portfolios), as well as online firms and robo-advisers.
Online firms led in overall satisfaction, with 88 percent of survey participants giving their firm high scores, followed by traditional investment firms (80 percent) and robo-advisers (80 percent). Edelman Financial scored well among traditional investment firms, while Vanguard was a standout among online brokerages.
But Consumer Reports members were generally less satisfied with their firm's fee transparency. Only 5 percent of traditional investment firms were rated favorably on this measure. Some two-thirds of online investment firms and 43 percent of robo-advisers were rated favorably on fee transparency.
Given these fee transparency issues, it's not surprising that four out of 10 of those surveyed weren’t sure of their approximate annual costs. Traditional investment firm customers were the most uncertain, with 46 percent unsure of their expenses vs. just 34 percent of online customers.
Many members were unhappy with the amounts being charged. Only 5 percent of the traditional investment firms were rated favorably on costs. By contrast, 83 percent of online firms and 70 percent of robo-advisers were rated favorably for their fees."
Brokerage-Review.com Discount Broker Ratings
Below you could find Brokerage-Review.com online broker ratings (we are not affiliated with Consumer Reports). The list includes U.S. stock brokerage
firms that have had a significant number of clients in 2021. All of these firms we have reviewed, and you could read the reviews by clicking on links on the right-side of the table.
All companies in the article are U.S. government regulated, have to comply to strict government-imposed rules, and are members of regulatory bodies - SIPC and FINRA.
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We listed only U.S.-based companies but some of them accept international customers - when you
start an account application process, you'll see
very soon if applicants from your country are accepted.
We also provide 5-star rating system for the brokerage firms. The online broker ratings you see on this website are our own opinion.
Make sure to do additional research with other sources on any company that spikes your interest.
Some companies listed here offer promotional deals for opening either regular brokerage or IRA (or both) accounts. Make sure to check the section at
the bottom of each review (or just click here) for these offers before opening an account.
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