List of Stock Brokerage Firms (Discount Online Trading Companies) for 2019


Below is the list of online brokers doing business in the United States. Their names are ordered alphabetically. The table contains brokerage name, firms' website links, commissions on stock and ETF trades, and minimum amounts required to open a new brokerage account. There you could also find the discount stock trading companies ratings as well as links to detailed account reviews.



Broker Website Rating Stock/ETF
Commission
Minimum
to Open
Broker Review
Ally Invest Ally Invest rating

$0 $0 Review
Ameritrade TD Ameritrade rating

$0 $0 Review
Charles Schwab Charles Schwab rating

$0 $1,000 Review
ChoiceTrade Choicetrade rating

$5 $0 Review
Etrade Etrade rating

$0 $500 Review
Fidelity Fidelity Investments rating

$0 $2,500 Review
Firstrade Firstrade rating

$0 $0 Review
IB Interactive Brokers rating

$1+ $0 Review
Kapitall Kapitall rating

$7.95 $0 Review
Just2trade just2trade rating

$2.50 $2,500 Review
LightSpeed Lighspeed Trading rating

$4.50 $10,000 Review
M1 Finance M1  rating

$0 $0 Review
Merrill Edge Merrill Edge rating

$2.95 $0 Review
Muriel Siebert Muriel Siebert rating

$14.95+ $0 Review
Motif Investing Motif Investing rating

$4.95 $200 Review
Sogotrade Sogotrade rating

$5 $0 Review
SpeedTrader Speedtrader rating

$6.95 $0 Review
TastyWorks TastyWorks rating

$0 $0 Review
TradeStation Tradestation rating

$5 $500 Review
USAA USAA rating

$0 $0 Review
Vanguard Vanguard rating

$7 ($20) $1,000 Review
WellsTrade Wellstrade rating

$5.95 $1,000 Review
ZacksTrade ZacksTrade rating

$3.00+ $2,500 Review


List of Stock Brokerage Firms


We used a five-star-based rating system to rate companies in the discount stock brokers list above. The best brokerage firms would get the highest, five-star rating. In 2019 not a single firm got five stars, however six brokers were rated at four and half stars. Any brokerage house with two- or one-star rating should be avoided. Three-star rated firm is perfectly fine, but there are, probably, better options for investors to consider. All companies with three and half stars and higher are recommended for at least one category of investors.

Every online brokerage firm on the list above has its strengths and weaknesses. It might be ideal for one customer and at the same time might not work for someone else. Before opening an account, there are a lot of parameters to consider besides commissions, well-known brokerage name, and pretty website. Some of the most important of these parameters are surcharges and fees; friendliness to client's knowledge level (perhaps one is a beginner? or needs a professional-level trading platform?); availability of investment products a client wants to buy (for example forex, futures, or NTF mutual funds) as well as availability of online community, virtual trading, and discounts. We suggest to investors to take a time to read brokerage reviews, and see for themselves if a particular firm is the right fit.

Some online brokers on the list above allow clients to open an account with $0 down. Investors should take this opportunity and open few brokerage accounts, and see which one they like the most. This will also allow investors to take advantage of unique and valuable features that some companies provide at no charge. For example, Ally Invest offers lots of great trading tools, low mutual funds commission, and $0 minimum to open an account. If a client decides to invest, the firm has hard-to-beat $0 commission on stocks and ETFs. With TD Ameritrade there is also $0 minimum to open an account, and a client will get an amazing selection of independent, third-party investment research, best trading platform on the market, free Level 2 quotes, and a generous promotion offer. There are no inactivity or maintenance fees to worry about - everything is free.

The list of stock brokerage firms is updated throughout the year. TradeMonster, MB Trading and Scottrade were removed from the table above, since they got acquired and merged into Etrade, Ally Invest and TD Ameritrade respectively. In addition to keeping stock brokerage companies list current we also update broker's rating and pricing, which are often correlated.

All companies mentioned in this article are members of SIPC and FINRA, which means that they have to follow strict government rules and regulations, and their client accounts are insured (similar to bank accounts FDIC insurance) in case of brokerage company failure for up to $500,000 ($250,000 cash).

If you know an online stock trading company not in the list right now but should be included, please contact us.