US Stock Broker List
The list of brokerage firms is not an exhaustive list containing every single broker in the US. The stock brokerage firms list we have put together includes only discount brokerage firms and the most popular US brokerages. Discount brokerage firms are generally firms that offer $0 commissions or very low trading commissions.
The stock brokerage firms list is ordered alphabetically by name. By clicking on the name of each firm, you can visit their website. The list of stock brokers in the USA includes our comprehensive rating of each firm, our in-depth review of each firm, stock/ETF commission pricing offered at each firm, and the minimum amount required to open a new brokerage account with each firm. The clickable review link in the list brings you to our in-depth review of each firm covering the firm’s detailed commissions and fees, trading platforms, research tools, investment products offered, and more.
How to Choose the Right Stock Broker
When it comes to choosing the right stock broker, there are many factors to take into consideration that each broker offers such as investment choices, account types, services offered, and trading platforms. Each broker has its strengths and weaknesses and offers different areas of specialization.
The list of brokerage firms has over 25 different brokers. There may be multiple brokers on the list that fulfill your needs so, you can always choose to have your money spread across two or more brokers. It is important to figure out what your specific needs and wants are in a broker so you can make the right choice. Our brokerage reviews, included in the brokerage firms list, will help you understand the strengths and weaknesses of each brokerage firm and if they can or cannot meet your needs.
Investment Choices
Between all of the brokers on the list of stock broker companies, there is essentially every investment product imaginable that you could choose to invest in. Not every broker offers every investment choice, therefore, you’ll want to make sure you choose a broker that offers the investment products that you are interested in.
Most brokers on the brokerage firms list offer trading in stocks, ETFs, mutual funds, and options. Some of the brokers on the list that offer a wider range of investment products, such as futures and/or FOREX, are Tradestation, Tastytrade, and Interactive Brokers.
Mobile App Brokers
Most brokers on the brokerage firms list offer a mobile app to access your account and place trades on. Some brokers on the list, however, specialize their offering around their mobile app and are known for their mobile app-first brokerage approach. Some of the brokers on the list of brokerage firms that are mobile app focused have highly-rated mobile apps are Robinhood, Webull, and Moomoo.
Cryptocurrency Trading
One of the hottest trends currently in the brokerage world is trading directly in cryptocurrency. More and more brokers are racing to break into the crypto market and grab their share of the crypto trading population. An important distinction to make when comparing brokers that offer crypto trading is that some brokers allow you to transfer crypto on and off their platform and some don’t.
Some of the brokers on the list of stock brokers in the USA that offer trading directly in cryptocurrency as well as transferring crypto are Robinhood and Cash App. Some of the brokers on the list that offer crypto trading but not the ability to transfer crypto are Webull and SoFi.
Managed Accounts
One of the most important questions you need to ask yourself when picking a broker from the stock brokerage firms list is whether you want to do your own trading or whether you want to have your investments professionally managed for you. Not every broker offers managed accounts and each broker offers different types of managed accounts.
M1 Finance is an example of a broker on the list of brokerage firms that offers automated investing and having your investments managed, starting with very low minimums. Charles Schwab is a broker on the list that offers a complete wealth advisory service with professionally managed investments for people with a $1 million portfolio or greater.
Physical Offices vs Online Brokers
The list of stock broker companies includes brokers that are strictly online brokers and brokers that have physical offices that customers can go to. If you are the type of person that prefers only to do business face to face or you at least want to have the option of meeting with a representative face to face, you will want to make sure you pick a broker that has physical offices.
Some of the brokers on the stock brokerage firms list that are strictly online and do not have physical offices for customers to visit are ZacksTrade, Tastytrade, and Firstrade. Some of the brokers on the list of brokerage firms that do have physical offices for customers to do business in are Fidelity, TD Ameritrade, and JP Morgan.
Customer Support
The type and quality of customer support provided by each broker greatly varies across the list of stock brokers in the USA. Being able to reach your broker or not when you have problems with your account or you have time-sensitive questions about a trade can make a huge impact on your experience with them.
Some of the brokers on the list of brokerage firms that are known for having great customer support are Charles Schwab, E*TRADE, and Vanguard. Some of the brokers on the list that don’t rate so well in the area of customer support are Robinhood and Webull.
Comparing Brokerage Firms on the List
A broker may have an amazing feature such as TD Ameritrade’s thinkorswim trading platform or ultra-low pricing structure such as $0.0005 per share if you trade more than 100,000,000 shares per month on Interactive Brokers, but you may not need a powerful trading platform like thinkorswim and you may not be trading more than 100,000,000 shares per month.
Comparing brokerage firms comes down to figuring out what features and offerings are most important to you personally. You should use your personal needs as the key factor when comparing brokerage firms on the list of stock broker companies. Be sure to use our ratings and reviews as a guide to help you choose the best broker for you.
Paul Johnson is a Licensed Stockbroker with 7+ years of experience in the financial services industry. Paul enjoys teaching about investing and writing about financial topics. He is a husband and father of twin boys.
|