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.

td ameritrade online stock brokers

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

Visit TD Ameritrade
fidelity online stock brokers

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

Visit Fidelity
e-trade online stock brokers

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

Visit E*TRADE
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

Visit Interactive Brokers
robinhood online stock brokers

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

Visit Robinhood
zacks trade online stock brokers

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

Visit Zacks Trade
merrill edge online stock brokers

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

Visit Merrill Edge
sofi online stock brokers

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

Visit SoFi
ally invest online stock brokers

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

Visit Ally Invest
charles schwab online stock brokers

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

Visit Charles Schwab