Best Investment Companies: 10 Top Rated Online Investing Firms in 2017




Investment Firm
Rating
Broker
Promotion
Products         
Offered         
Company
Review

TD Ameritrade rating

TD Ameritrade


Trade free for 60 days + get up to $600. TDA
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • ETFs
  • Futures
  • Forex
TD Ameritrade
Review

Ally Invest rating

Ally Invest


Switch to Ally Invest and get up to $150 in transfer fees reimbursed.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Forex
  • CDs
  • ETFs
TradeKing
Review

Tradestation rating

TradeStation


Get up to $1,500 in commissions rebates. TradeStation
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
TradeStation
Review

Optionshouse rating

Optionshouse


Open and fund an OptionsHouse account to get up to $1,000 in free commissions for 60 days.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
Optionshouse
Review


Scottrade rating

Scottrade


Open account and start saving with Scottrade today.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Munis
  • ETFs
Scottrade
Review

Fidelity Investments rating

Fidelity


None right now.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
Fidelity
Review

Charles Schwab rating

Charles Schwab


Make $100,000 deposit and get 500 commission-free online equity and options trades.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • CDs
  • Annuities
  • ETFs
Charles Schwab
Review

Etrade rating

E*trade


60 days of free trades for deposits of $10k or more.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
Etrade
Review

Optionsxpress rating

Optionsxpress


None right now.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • ETFs
Optionsxpress
Review

Interactive Brokers rating

Interactive Brokers


Open account to get as low as $1 per trade rate.
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
  • Futures
  • Forex
  • ETFs
Interactive Brokers
Review




Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
TD Ameritrade $6.95 $49.95 $6.95 + $0.75 per contract $0 $0
TradeKing $4.95 $9.95 $4.95 + $0.65 per contract $0 $0
Tradestation $5 $14.95 $5 + $0.50 per contract $0 $0
Optionshouse $4.95 $20 $4.95 + $0.50 per contract $0 $0
Scottrade $6.95 $17 $6.95 + $0.70 per contract $0 $0
Fidelity $4.95 $49.95 ($75 for some funds) $4.95 + $0.65 per contract $0 $0
Charles Schwab $4.95 $76 ($0 to sell) $4.95 + $0.65 per contract $0 $0
Etrade $6.95 $19.95 $6.95 + $0.75 per contract $0 $0
Optionsxpress $4.95 $9.95 $4.95 + $0.65 per contract $0 $0
IB $1-$100 $14.95 $0.70 per contract $240** $30


** IB has a $10 per month minimum commission requirement to avoid $10 monthly fee (rises to $20 monthly if account balance is less than $2,000; waived for $100,000+ accounts). $10 monthly for market data feed (waived if trade commissions are more than $10 per month).



Broker Review Cost Investment Products Trading Tools Customer Service Research Overall Rating
Ameritrade
TradeKing
Tradestation
Options
house
Scottrade
Fidelity
Charles Schwab
Etrade
Options
xpress
IB





List above is our top 10 highest rated investment firms in 2017 for individual investors. There you could see the online investing companies ratings (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 Scottrade 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 of the top financial investment firms in the list above do not charge account maintenance fees for non-retirement accounts (except IB). Some of the companies have retirement account fees: we suggest to check our Fees pages for a complete information (links to these pages are available in our brokerage reviews). TradeKing and IB are the only brokers in the list above that might charge account inactivity fee in some instances.

As you can see, commissions on stock and ETF trades range anywhere from $4.95 charged by TradeKing and OptionsHouse all the way up to $6.95 at TD Ameritrade and Etrade. Some of the investment firms have lower pricing for active traders. TD Ameritrade will also give traders better pricing but they don't advertise this ability - customers that can show that they are active traders can call the firm and negotiate lower rates.

Mutual funds commissions have even wider range of prices: the rate is anywhere from $10 at TradeKing and all the way up to $76 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.

On the surface it may seem that some of the brokerage firms mentioned are expensive (TD Ameritrade or Etrade) while others are very cheap (TradeKing and OptionsHouse). Generally speaking it's true. But for many clients there is a way to invest with some higher priced brokers basically for free. TD Ameritrade is the best case: the firm offers over 100 commission free ETFs, thousands of no transaction fee mutual funds, and a promotion that offers 60 days of trading for free. With all these perks most customers could essentially create a diversified portfolio at the firm without paying any commissions.

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

The top investment 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!



TD Ameritrade: Trade free for 60 days + get up to $600. TDA

Tradeking: Switch to Ally Invest and get up to $150 in transfer fees reimbursed.

Optionshouse: Open and fund an OptionsHouse account to get up to $1,000 in free commissions for 60 days.

Scottrade: Open account and start saving with Scottrade today.

Etrade: 60 days of free trades for deposits of $10k or more.

Charles Schwab: Make $100,000 deposit and get 500 commission-free online equity and options trades.

Tradestation: Get up to $1,500 in commissions rebates. TradeStation


Updated on 3/17/17






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