10 Best Online Stock Brokers of 2020

Choosing an online stock broker is one of the most important decisions you will make as an investor. This guide aims to introduce online trading and break down the best online stock brokers available today.

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1. TD Ameritrade

TD Ameritrade stands out as one of our top all-around brokerages with outstanding tools and products, in-depth and comprehensive research, and no account minimums.

★

9.5

Review rating

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tdameritrade.com

2. Fidelity

Fidelity is one of the most well-rounded brokerages available today, with no commissions on stock, ETF or options trades and a selection of no-expense-ratio index funds.

★

9.5

Review rating

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fidelity.com

3. E*TRADE

E*TRADE understands what investors need to succeed in the market. E*TRADE highlights include $0 trades, two excellent mobile apps, and the Power E*TRADE platform, which is great for options trading.

★

9.5

Review rating

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etrade.com

interactive brokers online stock brokers

4. Interactive Brokers

Interactive Brokers’ IBKR Lite is a strong option for frequent traders: The broker offers international trade capabilities, no stock-trading commission and a quality trading platform.

★

9.5

Review rating

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interactivebrokers.com

5. Robinhood

With no fees, access to trade fractional shares and cryptocurrency, Robinhood is a no frills but efficient trading platform.

★

9.0

Review rating

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robinhood.com

6. Zacks Trade

Zacks Trade is an online brokerage firm committed to active traders and investors, offering penny-per-share trades and a robust trading platform. Unusual in the world of discount brokers, Zacks offers free broker-assisted trades, so if you’re at all likely to seek help making a trade, Zacks could be a good choice.

★

9.0

Review rating

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zackstrade.com

7. Merrill Edge

Merrill Edge sports $0 stock and ETF trades, strong research offerings, and fantastic customer support. It’s a solid option for all investors, and especially attractive for Bank of America customers.

★

9.0

Review rating

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merrilledge.com

8. SoFi

SoFi Active Investing is geared toward young investors getting their start in trading, with commission-free trades of stocks, ETFs and fractional shares. SoFi also offers cryptocurrency trading.

★

9.0

Review rating

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sofi.com

9. Ally Invest

Ally Invest impresses with $0 commissions and no account minimums. It’s a great choice for those looking for an intuitive platform from which to make cheap trades.

★

9.0

Review rating

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ally.com

10. Charles Schwab

Charles Schwab is a full-service brokerage with over $3 trillion in total client assets. As a low-cost leader offering $0 stock trades, Charles Schwab provides investors excellent stock research, quality trade tools, and professional planning for the future.

★

9.0

Review rating

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schwab.com