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      October 31, 2020

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Best Online

Stock Brokers

  1. Firstrade
  2. Fidelity
  3. Charles Schwab
  4. E Trade
  5. Merrill Edge
  6. Trade Station
  7. Speedtrader
  8. Robinhood
  9. Sogo Trade

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TD Ameritrade

Firstrade

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E Trade

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Best Online Stock Brokers

Who is the Best Online Stock Broker? Whether you consider yourself an avid investor or a beginner just starting to look into the stock market, it's easy to get overwhelmed by all of the stock trading options. Although some people still use traditional stock brokers, many people have found they can save a lot of money by trading stocks themselves.

Besides significant cost savings, another great advantage to executing your own transactions is that you can avoid the time and energy necessary to deal with "professional" stock brokers. Many of these individuals try to convince you to buy or sell stocks, because they earn a commission every time you make a transaction. With online stock brokers, you never have to talk to any salesmen.

Continue reading below reviews

Best Reviews


2020

Online Stock Broker Reviews

5 stars
TD Ameritrade

TD AMERITRADETopConsumerReviews.com Best-In-Class Blue Ribbon Award

TD Ameritrade is the best online stock broker for the widest range of investors, from novice to serious traders. Three platforms - Web, Mobile, and Thinkorswim - offer a wealth of information and are easy to use. To top it off, FREE online stock and ETF trades, with no minimum account balance or purchase amount, makes it super affordable and simple to invest. TD Ameritrade is the best online stock broker on the market today.

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4.5 stars
Firstrade

FIRSTRADE

Firstrade has been around for more than 30 years, and they made the news when they announced that all online stock trades would be fee-free, with no minimum deposits or number of transactions. This online stock broker offers a fantastic amount of information to help beginner and expert stock traders alike - just be aware that they don't offer any personalized advice (automatic or with professional advisors) to guide your investment strategy.

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4.5 stars
Fidelity

FIDELITY

Fidelity just about has it all: low-cost stock trades with no minimum deposit, 24/7 customer service, and different levels of advice ranging from DIY to fully-managed. While this online stock broker may not be the ideal fit for active traders, Fidelity is an excellent choice for investors who want a well-established company with a terrific reputation and helpful, easy-to-use tools for selecting and managing stocks and other investments.

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4 stars
Charles Schwab

CHARLES SCHWAB

Charles Schwab is a trusted name for investments, operating as a full-service stock broker both online and in local branches throughout the US. Many people turn to Schwab because of their unique 100% satisfaction guarantee, despite the brokerage's higher-than-most minimum deposit of $1000.

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3.5 stars
E Trade

E TRADE

E*TRADE was the first online stock broker to execute an e(lectronic) trade more than 3 decades ago. They still offer good customer service and an easy-to-use platform, but other similar brokers allow you the same access to the stock market for lower fees.

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3.5 stars
Merrill Edge

MERRILL EDGE

Merrill Edge is a good choice for current Bank of America customers, because of the seamless transitions between accounts and easy use of a single login. Their online tools are helpful and simple to understand. Some clients have expressed frustration with Merrill Edge customer representatives, and with the time that it takes to get updates when making trades.

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3.5 stars
Trade Station

TRADE STATION

Another platform best suited for active traders, TradeStation offers stocks, penny stocks, options, ETFs, Mutual Funds, Bonds, and Futures. Their analysis software and trading platform are geared towards institutional traders and active trader individuals, and not as much for individuals who are looking for the occasional stock trade.

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3 stars
Speedtrader

SPEEDTRADER

SpeedTrader, as the name suggests, is the only online stock broker in our review that is geared strictly towards active day traders. If that's you, and you're starting out with at least $30,000, this platform may be the one that best meets your needs. Otherwise, if you're more of an occasional investor like most people, you'll probably be more satisfied with the other brokerages in our review.

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3 stars
Robinhood

ROBINHOOD

Robinhood came into the spotlight as a fee-free online stock broker geared towards Millennials: evidenced by their primarily app-based platform and being one of the only companies offering cryptocurrency investment options. Drawbacks include limited investment account types (no IRAs or 401(k)s) and a lack of research tools for determining which stocks to buy/sell.

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2.5 stars
Sogo Trade

SOGO TRADE

SogoTrade has been known for offering a bargain stock trading experience, cutting the bells and whistles in exchange for lower-priced trades. But, with most online stock brokers now offering reduced fees and giving investors a wide range of tools as well, SogoTrade comes out looking cheap and less professional.

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Continued from above

And, of course, with fluctuations in the economy, and subsequent rises and falls in stock prices, some people panic and pull out significant investments - leaving the door wide open for others to take advantage of big opportunities to buy low and hopefully sell high later.

Of course, the best online stock brokers do have the option to work with a consultant if you choose. Especially if you're just starting to learn about investments, you may feel more comfortable knowing you can access an expert if the need arises. These services may be included, or you may have to pay for them a la carte.

So, when choosing the right online stock broker for your needs, how do you know which one is best? Before you jump in and start buying up your shares in Apple or Coca-Cola, here are some factors to keep in mind:

  • Information. From beginners to experts, having up-to-date information on the stock market is critical. What resources does the online stock broker have available to guide you in your decision-making?
  • Fees. When purchasing your stocks, will you be charged a percentage of your total buy or a flat fee? When the time comes to sell, what will you pay?
  • Reputation. What do other investors say about their experience buying and selling with the online stock broker? Have they had positive interactions with the broker when they've needed help? How many investors have chosen this particular broker's services?

TopConsumerReviews.com has reviewed and ranked the best online stock brokers available today. We hope this information helps you choose the right broker for your stock buying and trading needs!

CME Group Stock Trading Lower on Q3 Earnings Drop

It has been a rough quarter for financial stocks as another, CME Group (NASDAQ:CME), reported a drop in earnings in the third quarter today. CME Group, which owns various derivatives exchanges, saw ...

Published:  Wed, 28 Oct 2020 13:50:00 GMT



Why NIO Stock Is Trading Lower Today

Shares of Chinese electric-vehicle maker NIO ( NYSE:NIO) were trading lower on Wednesday, as coronavirus concerns put pressure on stocks across the U.S. market. As of 1 p.m. EDT, NIO's American ...

Published:  Wed, 28 Oct 2020 14:12:00 GMT



Why Apple Stock Fell in After-Hours Trading Today

What happened Shares of Apple (NASDAQ: AAPL) declined by more than 5% after the market close on Thursday, following the tech titan's fourth-quarter earnings release.  So what Apple's revenue rose 1% ...

Published:  Thu, 29 Oct 2020 16:11:00 GMT



Stocks making the biggest moves after hours: Alphabet, Twitter, Facebook, Apple, Amazon & more

Shares of Amazon fell more than 1% in extended trading even after the e-commerce giant reported blowout third-quarter results with a big beat on the top line. Earnings per share came in at $12.37, ...

Published:  Thu, 29 Oct 2020 19:28:00 GMT



Cryptocurrency Stocks To Watch As Bitcoin Prices Surge

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Published:  Thu, 29 Oct 2020 22:22:00 GMT



Stock market live Thursday: Dow gains 100, Netflix hikes prices, Apple & Amazon fall after reports

Stocks rose broadly on Thursday, recovering some of their steep losses from the previous session, as traders flocked into Big Tech names ahead a slew of corporate earnings reports ...

Published:  Thu, 29 Oct 2020 15:27:00 GMT



There's No Need to Rush Into Array Technologies Stock Just Yet

Array Technologies stock offers an attractive long-term play on solar growth. But it's worth looking for a better entry point down the line.

Published:  Thu, 29 Oct 2020 11:44:17 GMT



Apple Stock Is Falling After Beating Earnings Expectations. Here's Why.

Apple reported revenue of $64.7 billion in its latest quarter, up about 1%, but the company declined to provide guidance for the current quarter.

Published:  Fri, 30 Oct 2020 03:10:00 GMT



Sprague Resources (SRLP) Stock Sinks As Market Gains: What You Should Know

S prague Resources (SRLP) closed at $16.27 in the latest trading session, marking a -0.73% move from the prior day. This move lagged the S&P 500's daily gain of 1.2%. Meanwhile, the Dow gained 0.53%, ...

Published:  Thu, 29 Oct 2020 15:54:00 GMT



Pandemic's latest spread triggers surge in VIX 'fear gauge' for U.S. stocks

Wall Street's "fear gauge" is on track for its biggest weekly jump since March as investors worried about rising U.S. and European coronavirus cases, the lack of fiscal stimulus and uncertainty about ...

Published:  Wed, 28 Oct 2020 20:53:00 GMT



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