For Traders who want to buy shares of stocks in companies including Apple (AAPL), Facebook (FB), Disney (DIS), Uber (UBER) and more, finding an online Share and Stock Trading Broker and Platform is key.
With so many different types of online stock brokers available to investors in the market today, it can be a tough task to choose one that works best for a traders’ individual needs. We have taken the guess work out of the process and put a wide-ranging list of online brokers to the test by reviewing the process through hands-on research to determine the best.
Here is an overview of the 18 Best Share and Stock Trading Brokers and Platforms
Ally Invest is the discount online brokerage arm of Ally Financial which also operates Ally Bank.
Alongside $0 stock and ETF trades, Ally offers traders great customer service and ease of use through a clean user experience, perfect for beginner investors.
Regular stock and ETF trades are $0 and options trades cost $0.50 per contract
Among the bank and brokerage combinations, Ally offers:
- Universal account access
- FDIC insured banking
- High-yield savings
Trading Platforms and Tools include:
- Stock charts
- Options trading
- Day trading
As a full-service brokerage, Ally Invest provides traders with a diverse offering which includes Stock, ETFs, mutual funds, bonds and options.
Firstrade offers $0 stock, ETF, and options trades, and is well known for its user-friendly website and Chinese language services. The broker also offers a fully translated customer experience and a mobile app with a clean experience.
Firstrade offers investors free stock, ETF, mutual fund, and options trades (including complex options strategies), mutual funds, and bonds.
Chase You Invest Trade
JP Morgan Chase offers self-directed investing services, which includes buying and selling stocks, ETFs, options, mutual funds, and bonds. Chase You Invest Trade is perfect for current Chase Bank customers to simply buy and sell stocks. The multi-account benefits are widespread and includes instant transfers, universal login, and $0 trades.
Platforms and Tools include:
- Stock charts
- Watch Lists
- Portfolio Builder
The Chase mobile app available through both Apple iOS and Android.
SogoTrade charges $4.88 for all equity trades and for customers who make over 149 trades per quarter, the rate reduces to $2.88 per trade. SogoTrade also allows traders to prepay for trades at a discounted rate of $3.88 per trade but a minimum of 20 trades must be purchased and trades will expire after a period of one year. Traders can prepay for 50 trades for a further discounted rate of $2.88 per trade.
Platforms and Tools Include:
SogoOnline and SogoTrader are suited for basic to intermediate investors, whilst the SogoOptions and SogoElite platform ($100,000 minimum portfolio balance) are great for both advanced options and equity traders. The SogoPlay platform is also on offer.
SogoTrade offers stock and options trading.
Robinhood charges users no commission for trading stocks, ETFs, options, or cryptocurrency and offers both a downloadable mobile app plus a web platform. Both platforms have similar feature sets, but mobile app is fast, simple, and easy to use.
For basic stock trading, Robinhood offers basic watch lists, basic stock quotes with charts and analyst ratings, recent news, alongside simple trade entry.
ChoiceTrade offers $0 stock trades for US customers and options trades for $.40 per contract alongside three third-party platforms: QuoteStream, DAS Trader Pro and iVest Plus. ChoiceTrade offers traders a mobile app which supports the basics for trading on the go compatible for both iOS and Android.
ChoiceTrade platforms are suited to trade stocks and options online.
Through the main platform, Lightspeed Trader, two-tiered commission structures are offered – namely per share and per trade. The more volume a trader trades or the frequency, respectively, per month, will lower the rate.
Lightspeed offers customers multiple platforms to trade on including Lightspeed Trader, Lightspeed Web Trader, and Sterling Trader for stock and options trading.
Cobra Trading was founded in 2003 by Chadd Hessing as a direct-access, low-cost online brokerage for professional stock traders and offers multiple trading platforms and personalized service.
Cobra Trading charges commissions on a per-share basis and offers everything a professional trader may require including futures and forex trading through its subsidiary, Venom by Cobra Trading.
By design, Cobra Trading focuses mainly on professional stock and options trading.
TD Ameritrade offers traders the ultimate package including $0 trades, great trading platforms, fantastic market research, industry-leading education for beginners plus excellent customer service. TD Ameritrade stock trades rate is $0, with options trades at $0.65 per contract. $6.95 is the flat-rate fee for trading penny.
TD Ameritrade offers trading platforms and tools on a desktop-based platform – thinkorswim perfect for day trading, options trading or futures trading. TD Ameritrade offers two smartphone apps: TD Ameritrade Mobile and TD Ameritrade Mobile Trader.
Both futures and forex trading is available.
Fidelity offers $0 stock trades, industry-leading research, fantastic trading tools, an easy-to-use mobile app, and comprehensive retirement services with a flagship desktop platform, loaded with trading tools. Fidelity provides the entire spectrum of investment services, from stock trading to retirement guidance, international trading in 25 countries and exchange between 16 currencies.
Founded in 1973, Charles Schwab is a full-service brokerage which offers $0 stock trades, stock research, quality trade tools, and professional planning for the future. Charles Schwab provides traders everything from stocks and options trading to fixed income and retirement guidance with a wide range of account types including Individual, Joint, Traditional IRA, Roth IRA, Rollover IRA, Inherited IRA, Custodial IRA, 529 plans, charitable accounts, and estate and trust accounts.
Charles Schwab offers customers access to two primary platforms: StreetSmart Edge which is desktop-based for active traders and StreetSmart Central which is web-based for futures trading.
E*TRADE was founded in 1982 and offers $0 trades, two mobile apps, and the Power E*TRADE platform suitable for options trading. The web-based platform, Power E*TRADE offers ease of use coupled with excellent tools. E*TRADE Mobile and Power E*TRADE Mobile are user-friendly and feature-rich.
All investment vehicles are on offer, from stocks and options to bonds, banking products, and financial-planning services.
Interactive Brokers offers traders two primary pricing plans: IBKR Pro which is best suited to professional and IBKR Lite for casual investors. The flagship platform, Trader Workstation (TWS) is desktop-based and mobile trading is supported across all devices.
Interactive Brokers provides a diverse offering including international trading across more than 135 international markets in 33 countries.
Merrill Edge is backed by their parent company – Bank of America, and delivers $0 stock and ETF trades paired with excellent research and customer service. Merrill Edge offers everyday investors access to everything they need to manage an investment portfolio and for active traders, Merrill Edge offers MarketPro, available to customers that meet minimum requirements.
Merrill Edge provides a diverse offering including stocks, ETFs, options, mutual funds, and bonds.
TradeStation supports casual traders through its web-based platform and active traders through a desktop platform, all with $0 stock and ETF trades.
TradeStation’s mobile app provides full day trading functionality and customers have access to a near complete offering of trading products including stock and options trading plus comprehensive direct-market routing, numerous advanced order types, and much more.
SoFi is a great choice for new investors and features brokerage accounts with no recurring fees and no fees to trade stocks or ETFs. Traders can buy stocks and ETFs with as little as $1. SoFi Invest is part of a suite of banking, lending, and investing products and members are given access to no-fee financial planning sessions and career coaching.
Webull is an investment platform ideal for active stock, ETF, and options traders and charges almost no fees at all, including monthly recurring fees and commissions. Webull offers both a web trading platform and a mobile app.
Ally offers traders simple, low-fee, self-directed and managed investment accounts. Stock and ETF trades are commission-free.
Choosing the best online broker to serve individual needs is extremely important and traders should consider these key factors to compare all stock brokers and find the best broker to suite a traders’ individual needs.
For investors, trading successfully is much easier when they have great tools at their disposal. A top stock broker should offer traders access to a large variety of trade tools which will them to make the most of each trade. Tools available should include: real-time streaming quotes to last sale tickers, quality stock scanners, mobile trading apps to name but a few.
Some brokers do allow traders to open an account with no minimum deposit whilst others might require thousands of dollars to make a start. Some brokers may also require higher minimums to gain access to premium platforms, functionality, and personalized support.
The best online brokers will provide traders with a variety of market research tools. Basically, the more a trader pays per trade, the better the market research should be.
An online stock broker should offer access to not only trading stocks, but a strong selection of no-load mutual funds, commission free ETFs, and complex options alongside other investment offerings like direct market routing, conditional orders, futures trading, and forex trading.
Fees other than trade commission’s include inactivity fees and IRA fees for having a retirement account. While many brokers do not charge predatory fees, it’s still important for traders to do their due diligence.
All online brokers invest heavily into account security and SSL websites are used by most brokers and some are now even offering two-factor authentication. Similar to shopping online and choosing a trustworthy website, the best bet is to choose a well-known, established broker for a portfolio.
Speed & Order Execution:
For an active trader, execution speed and fill price are of high importance. For most investors, saving a penny per share on a 100 shares order isn’t the end of the world, but for active traders it is something to look into.
Whenever a trader reviews a broker, they should pay close attention to anything that may raise a red flag, including customers’ complaints, lawsuits, and shady paragraphs in the terms of agreement they are expected to sign. All in all, because online brokers are such a diverse group on offer, it’s best for traders to take a look at each one individually and decide if they’re trustworthy.
Frequently Asked Questions
Where can I find stocks to trade?
You can get stock info from most online broker sites in real-time. You can also check out financial services such as Google Finance or Yahoo Finance.
Which brokers are the best for shares?
Here is a list of the 18 Best Share and Stock trading brokers
How do I start trading stocks?
- Firstly, you have to decide if it is the right strategy for you.
- Before you start trading, learn everything you possibly can about investing and the markets.
- Choose an online broker.
- Start doing research on stocks.
- Make your trading plan and stick to it.
Is trading forex easier than stocks?
As opposed to forex, stocks are less volatile and easier to trade. Forex delivers more returns than stocks and it is easier to beat the markets with forex than with stocks.
Can I buy stocks in Uber?
Yes, you can.