18 🥇 Best Share and Stock Trading Brokers – ( Reviewed ) 2020

Share and Stock Brokers

 

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

 

A review about Ally Invest
 

Ally Invest

 

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:

 

 

As a full-service brokerage, Ally Invest provides traders with a diverse offering which includes Stock, ETFs, mutual funds, bonds and options.

 

A review of Firstrade
 

Firstrade

 

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.

 

A review about Chase You Invest Trade
 

Chase You Invest Trade

 

JP Morgan Chase offers self-directed investing services, which includes buying and selling stocks, ETFs, options, mutual funds, and bondsChase 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.

 

A review about SogoTrade
 

SogoTrade

 

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.

 

A review about Robinhood
 

Robinhood

 

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.

 

A review of ChoiceTrade
 

ChoiceTrade

 

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.

 

A review about Lightspeed
 

Lightspeed

 

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.

 

A review about Cobra Trading
 

Cobra 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.

 

Read 20 🥇 Best DMA Forex Brokers – ( Reviewed ) 2020

 

A review about TD Ameritrade

TD Ameritrade

 

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 tradingTD Ameritrade offers two smartphone apps: TD Ameritrade Mobile and TD Ameritrade Mobile Trader.

 

Both futures and forex trading is available.

 

A review of Fidelity
 

Fidelity

 

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.

 

A review of Charles Schwab
 

Charles Schwab

 

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.

 

A review of E*TRADE Financial
 

E*TRADE

 

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.

 

A review about Interactive Brokers
 

Interactive Brokers

 

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.

 

A review about Merrill Edge
 

Merrill Edge

 

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.

 

A review about TradeStation
 

TradeStation

 

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.

 

A review of SoFi
 

SoFi

 

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.

 

A review of Webull
 

Webull

 

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.

 

A review about Ally Invest
 

Ally Invest

 

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.

 

Trading Tools:

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.

 

Account Minimums:

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.

 

Market Research:

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.

 

Investment Options:

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.

 

Other Fees:

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.

 

Account Security:

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.

 

Read 27 🥇 Best Forex Brokers with stop losses – ( Reviewed ) 2020

 

In Conclusion

 

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?

  1. Firstly, you have to decide if it is the right strategy for you.
  2. Before you start trading, learn everything you possibly can about investing and the markets.
  3. Choose an online broker.
  4. Start doing research on stocks.
  5. 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.

 

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