Stock broker companies

Top 5 brokerage firms in U.S. Best investment firms for individuals. 5 highest rated stock broker companies.



TD Ameritrade

TD Ameritrade Stock Brokerage Company


While they don't offer the lowest commissions of this group, TD Ameritrade's pricing for stocks and ETFs is still a reasonable $6.95 a trade, but more 296 ETFs may be traded for no cost. Options commissions are $6.95 plus $0.75 per contract. Mutual funds are $49.99, and the company lists 2,500 mutual funds that qualify as NTF (free to buy and sell) funds. Initial investment requirements are excellent at $0 for cash accounts and $2,000 for margin accounts.

TD Ameritrade offers many benefits for investors that are worth the higher commissions. They have two of the best trading platforms in the business - Thinkorswim and Trade Architect. Virtual trading is available with a product called PaperMoney. Streaming quotes including Level II are free, and they feature independent, third-party investment research from 12 firms including Standard & Poor's, Morningstar, and TheStreet.com.


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TD Ameritrade rating

TD Ameritrade Review


Promotion link

Trade free for 60 days + get up to $600.



Zackstrade logo

ZacksTrade Stock Brokerage Company


ZacksTrade offers the second lowest commissions among top stock brokerage companies at $0.01 per share with $3.00 per trade minimum for stocks and ETFs plus a reasonable $27.95 charge for mutual funds. Options pricing is at $3.00 plus $0.75 per contract.

ZacksTrade has earned high marks for their trading platform, and no penalties or fees for account inactivity or maintenance. A plus for beginning investors is a free virtual trading platform. Other nice benefits are great mobile trading app and access to most international markets. For traders who frequently use margin (borrow money), ZacksTrade offers some of the lowest margin rates in the industry.


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ZacksTrade rating

ZacksTrade Review


Promotion link

Trade stocks and options for as low as $1 until July 4, 2019.



Ally Invest

Ally Invest Stock Brokerage Company


One of the top 5 brokerage firms when it comes to commissions, Ally Invest's $4.95 stock and ETF fee, coupled with $9.95 fee for mutual funds, is an attractive lure for active traders. Options are also priced at a competitive rate of $4.95 plus $0.65 per contract. Initial investment requirements are low: $0 to open a cash account, and only $2,000 is needed to open a margin account.

Like many of the other top stock brokerage companies, Ally Invest charges no maintenance or hidden fees and doesn't charge a trader for inactivity. Other freebies are no-fee IRAs, DRIPs, and real-time quotes. Ally Invest also offers a wide variety of educational resources and hosts a very active and helpful online investor community. They've received high marks for customer service and offer low-cost professional portfolio management for individuals who want a higher level of personal service.


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Ally Invest rating

Ally Invest Review


Promotion link

Up to $3,500 cash bonus + commission free trades for new accounts.



Scottrade

Scottrade Stock Brokerage Company


With stock and ETF trades costing $7 and mutual fund trades costing $17, Scottrade ranks the best among large brokerages companies when it comes to commissions. Their options fees are $7 plus $0.70/contract. Minimum deposit required to open an account is $2,500.

Some of the features that put Scottrade at the top 5 brokerage firms are no inactivity, account maintenance, or hidden fees, along with no custodian fees for IRAs. They also offer banking services such as savings accounts, CDs, free checking accounts with free ATM withdrawals, a check card, and a free starter set of checks. Scottrade is good for beginning investors thanks to their educational resources, and large number of mutual funds they make available to trade. Dividend investors will love their unique take on a free dividend reinvestment program (DRIP).


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Scottrade rating

Scottrade Review


Promotion link

Trade free for 60 days + get up to $600.



Firstrade

Firstrade Stock Brokerage Company


Making the list of top 5 brokerage firms for the first time is Firstrade. They cut their pricing to the lowest level in the industry and now charge only $0 for stock and ETF trades and $0 for no load mutual funds. There is no minimum initial deposit requirement to open an account as well as no account maintenance or inactivity charges.

In addition to lowest costs, they offer well designed and intuitive website, no surprise fees, and helpful online chat. Firstrade runs promotions that allow new customers to essentially create their portfolio without paying any commissions. All this is making this firm an appealing option to consider for a stock brokerage company.


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Firstrade rating

Firstrade Review


Promotion link

$0 commissions + up to $200 in transfer fee rebates.