Best Online Brokers

October 18th, 2019

Advertiser Disclosure

Overview

Looking to invest in the stock market? Well, you're going to need an online stock broker. Whether you're a beginner or an expert investor, choosing the right online broker is just as important as picking the right investment. Fortunately for you, we've done all the research, sorted through the details, and have created a comparison tool of the best online brokers available.

If you're not sure of what you should be looking for in an online stock broker, get whyze and check out this video first!

Best For:

Low-Cost Investing

Ally Invest Logo

Stock
Fees

$0

per trade

Option
Fees

$0.00 + 50¢

per contract

Account
Minimum

Special
Promotion

Up To $3,500

cash bonus + commission free trades for 90 days (up to $500 value)

Special Pricing:

$3.95 per trade with 30+ trades a quarter or $100,000 minimum balance

The Bottom Line

  • Low Fees
  • No Account Minimum
  • Easy To Use Charts & Tools
  • For Beginner & Advanced Investors

Best For:

Low-Cost Investing

Charles Schwab Logo

Stock
Fees

$0

per trade

Option
Fees

$0.00 + 65¢

per contract

Account
Minimum

Special
Promotion

$100

cash bonus when you refer a friend

The Bottom Line

  • Low Fees
  • No Account Minimum
  • Easy To Use Charts & Tools
  • For Beginner & Advanced Investors

Best For:

Resources And Tools

Etrade Logo

Stock
Fees

$0

per trade

Option
Fees

$0.00 + 65¢

per contract (50¢ w/ 30+ trades/qtr)

Account
Minimum

Special
Promotion

Up To $600

cash bonus + 60 days of free trades with a qualifying deposit

The Bottom Line

  • Low Fees
  • High Account Minimum
  • Quality Charts & Tools
  • For Beginner & Advanced Investors

Best For:

Selection of mutual funds

Fidelity Logo

Stock
Fees

$4.95

per trade

Option
Fees

$4.95 + 65¢

per contract

Account
Minimum

Special
Promotion

Up to 500

commission-free trades with a qualifying deposit

The Bottom Line

  • Large Selection Of Mutual Funds
  • Higher Fees
  • No Account Minimum
  • Easy To Use Charts & Tools
  • For Beginner & Advanced Investors

Best For:

Advanced volume traders

Interactive Brokers Logo

Stock
Fees

$0.005

per share. min $1 per order and max 1% of trade value

Option
Fees

$0.00 + 70¢

per contract. min $1 per order

Account
Minimum

Special
Promotion

None

no promotion available at this time

Special Pricing:

None

The Bottom Line

  • For Advanced Investors
  • Low Commission For Active Investors
  • International Investors
  • Inactivity Fees Are Charged

Best For:

Bank of America customers

Merrill Edge Logo

Stock
Fees

$6.95

per trade

Option
Fees

$6.95 + 75¢

per contract

Account
Minimum

Special
Promotion

Up to $600

cash bonus with a qualifying deposit

Special Pricing:

30 free trades per month for BoA customers with 3-month avg combined balance of $50,000

The Bottom Line

  • Higher Fees
  • No Account Minimum
  • Special Pricing For Bank Of America Customers
  • Lack Of Commission-Free ETFs

Best For:

Easy-To-Use Platform

Robinhood Logo

Stock
Fees

$0

per trade

Option
Fees

$0

per contract

Account
Minimum

Special
Promotion

Free Stock

when you refer a friend

The Bottom Line

  • Low Fees
  • No Account Minimum
  • Easy To Use App, Charts, & Tools
  • For Beginners
  • Lack Of Advanced Tools & Charts
  • No Dividend Reinvestment
  • No Mutual Funds

Best For:

Investing Tools And Platforms

TD Ameritrade Logo

Stock
Fees

$0

per trade

Option
Fees

$0.00 + 65¢

per contract

Account
Minimum

Special
Promotion

Up to $600

cash bonus + 60 days of commission-free trades with a qualifying deposit

The Bottom Line

  • Low Fees
  • No Account Minimum
  • Quality Charts & Tools
  • For Beginner & Advanced Investors
  • Large Investment Selection

Best For:

Active and advanced traders

Tradestation Logo

Stock
Fees

$5.00

per trade

Option
Fees

$5.00 + 50¢

per contract

Account
Minimum

Special
Promotion

60 days

of commission-free trades with a qualifying deposit

The Bottom Line

  • Higher Fees
  • High Account Minimum
  • For Active & Advanced Traders
  • Lack Of Commission-Free ETFs
  • Quality Charts & Tools

Best For:

Mutual Funds & ETFs

Vanguard Logo

Stock
Fees

$7.00

for first 25 trades; $20 therafter

Option
Fees

$7.00 + $1.00

per contract

Account
Minimum

Special
Promotion

None

no promotion available at this time

The Bottom Line

  • Low Costs For Long-Term Investors
  • Commission Free ETFs & Mutual Funds
  • Higher Fees For Active Investors
  • No Account Minimum
  • Quality Charts & Tools
  • Large Investment Selection

Best For:

Wells Fargo Bank Customers

Wellstrade Logo

Stock
Fees

$5.95

per trade

Option
Fees

$5.95 + 75¢

fee per contract

Account
Minimum

Special
Promotion

None

no promotion available at this time

Special Pricing:

$2.95 per trade with Wells Fargo Bank Account

The Bottom Line

  • Higher Fees
  • No Account Minimum
  • Special Pricing For Wells Fargo Customers