Best Investment Companies: 10 Top Rated Online Investment Firms in 2021





Investment
Firm
Broker
Promotion
Products         
Offered         
Company
Review

TD Ameritrade rating

TD Ameritrade


$0 commissions + transfer fee reimbursement.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
  • Futures
  • Forex
TD Ameritrade
Review

Ally Invest rating

Ally Invest


Up to $3,000 cash bonus + $0 commission trades.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Forex
  • CDs
  • ETFs
Ally Invest
Review

Fidelity Investments rating

Fidelity


Get $0 stocks commissions.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
Fidelity
Review

Charles Schwab rating

Charles Schwab


Get commission-free online stock trades.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
Charles Schwab
Review

Firstrade rating

Firstrade


Get 2 FREE stocks and $0 commission in ALL trades!
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • ETFs
Firstrade
Review


WeBull rating

Webull


Get 2 FREE stocks valued up to $1,850.
  • Stocks
  • Options
  • ETFs
Webull
Review

M1  rating

M1 Finance


$30 bonus for funding account with $1,000. Transfer account to get up to $4,000 bonus.
  • Stocks
  • ETFs
M1 Finance
Review

Etrade rating

E*trade


Get zero commission on stock and ETF trades.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
Etrade
Review

Interactive Brokers rating

Interactive Brokers


Use this referral link to get up to $1,000 of IBKR stock for free!
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • Forex
  • ETFs
Interactive Brokers
Review

TastyWorks rating

Tastyworks logo


$0 commissions on stocks/ETFs + $75 for each friend referred.
  • Stocks
  • Options
  • Futures
  • ETFs
Tastyworks
Review




Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
TD Ameritrade $0 $49.99 $0.65 per contract $0 $0
Ally Invest $0 $9.95 $0.50 per contract $0 $0
Fidelity $0 $49.95 $0.65 per contract $0 $0
Charles Schwab $0 $49.95 $0.65 per contract $0 $0
Firstrade $0 $0 $0 per contract $0 $0
WeBull $0 na $0 per contract $0 $0
M1 Finance $0 na na $0 $0
Etrade $0 $19.95 $0.65 per contract $0 $0
IB $0 $14.95 $0.70 per contract $0 $30
Tastyworks $0 na $0.50 per contract $0 $0



Broker Review Cost Investment Products Trading Tools Customer Service Research Overall Rating
TD Ameritrade
Ally Invest
Fidelity
Charles Schwab
Firstrade
WeBull
M1 Finance
Etrade
IB
Tastyworks



Listed above are the top 10 highest ranked investment firms in 2021 for individual investors. You can see the online investing companies ratings (the highest possible is 5-star); links to the brokerage websites (logo image); commissions on stocks, ETFs, no-load mutual funds, and options trades; investment products offered by the firms as well as the links to detailed account reviews that contain new client sign up offers.

Some of these top 10 investment companies allow opening an account with no initial deposit requirement ($0 down) and no obligation (customers can close non-retirement account with no fee with all of these firms; and some brokers, such as TD Ameritrade, Webull, and Charles Schwab, also don't charge retirement account closing fees). This is a great opportunity to open a few brokerage accounts, and see first-hand which one you like better.

All the top financial investment firms in the list above do not charge account maintenance fees for non-retirement accounts (except IB). Some companies do have retirement account fees: we suggest checking our Fees pages for complete information (links to these pages are available in our brokerage reviews). IB is the only broker in the list above that might charge account inactivity fee in some instances.

As you can see, commissions on stock and ETF trades are $0 at all brokerage companies.

Mutual funds commissions have a wide price range: the rate is anywhere from $9.95 at Ally Invest and all the way up to $49.95 for purchase transaction at Charles Schwab. Many of these investment firms also offer no transaction fee mutual funds and that allows their clients to buy and sell mutual funds without paying commissions.

Each of the 10 top investment companies has its strengths and weaknesses, and not every firm is right for a particular investor. We encourage readers to take time to read the reviews, to see if a specific firm is a good fit for them.

The companies are not shy to offer new customers promotional deals and incentives for opening a new non-IRA or even a retirement account: anything from reimbursing account transfer fees charged by an old broker; free trades for a period of time (usually one or two months); and up to significant cash bonuses (where amount of bonus often depends on the amount of initial deposit). Investors should definitely take advantage of these offers!


BEST Investment Companies



While investment company advice can certainly be beneficial, there are nevertheless potential disadvantages. For example, some brokers might try to sell its own products to clients who pay for investment advice. In this situation, there is a conflict of interest because the brokerage house is supposed to be providing objective information, but may just be selling its own funds. These can include both mutual and exchange-traded funds. Some of the top 10 investment companies today manage and sell both types of funds.

Besides selling funds, there could be other conflicts of interest. For example, a stock investment company could benefit from placing trades in a managed account. The firm could also receive compensation by recommending a certain custodian for client assets.

Investors who elect to turn over their assets to an investment advisor also lose the incentive to educate themselves about financial topics. There's a certain level of blind trust when clients simply turn their money over to an advisor.

Despite the disadvantages of investment broker advice, there are certainly benefits. A financial advisor is an excellent choice for beginners who aren't confident enough to make decisions with their own money. Financial planning could also benefit older people who are in retirement or approaching retirement. People who simply don't have enough time to manage their finances could also benefit from the services of a professional money manager. Many of the above top 10 investment companies offer such investment advice.


Online investment companies