A Breakdown of the Best Online Stock Trading Sites

A Breakdown of the Best Online Stock Trading Sites

Trading stocks online are becoming more and more popular among seasoned investors and novice traders alike. Stock trading has become accessible and more affordable to more people because of the development of stock trading sites.

The popularity of online stock trading sites can be attributed to the convenience of being virtually anywhere, at any given time, and be able to invest your money with relative ease. Now, investors have the decision-making power to execute their own trades using these online trading services.

Trading sites that can be accessed online offer their account holders a variety of tools and training to make them better traders.  There is no single best online broker, but there are reputable ones that have made a name for themselves in the industry. Choosing the best one depends on your needs and preferences.

Major Considerations in Choosing the Top Stock Trading Sites

There are several areas that are important for investors when they are considering a trading site. Here are some of the major considerations for choosing the best stock trading sites:

  • Training for Beginners and Seasoned Traders
  • Customer Support
  • Trading Platform
  • Trading Fees

Top 6 Online Stock Trading Websites

Here is a list of ten top online trading sites and their best features:

Top Online StockbrokerQuick FactsBest Features
Ally Invest     – Industry leader in low-cost   commissions structure for all kinds of investment
– Has flat rate of $4.95
-Browser-based platform has free screening tools and real-time data
-Has $0 account balance minimum
-Technical-trading tools powered by Recognia    
– Serves both high-net-worth clients and beginners.  
– The most affordable broker there is
-Investors have access to all kinds of stock and ETFs
-Has a robust research librar
– Has low commissions
– Strong web-based platform
– Instead of charging forex traders commissions, transaction costs are based on spread markups
Charles Schwab– Uses StreetSmart Edge, a   flexible trading platform
– Offers access to advanced tools without minimum account balance
-24/7 support
-Broker-assisted trades: $8.95 + $25 service charge
-Minimum account balance fee: $0 -$4.95 online equity trades with transparent pricing
-Account minimum: $1,000
-Offers more than 200 commission-free ETFs
– Offers more than 4,000 no- transaction-fee mutual funds
–  Has exceptional trading tools   within the platform
– Account holders can track ticker symbols in real time
– Offers automated investing and a customized financial plan
– Offers the lowest expense ratios for index funds and ETFs
Merrill Edge– Offers unlimited flat-rate trade rate of $6.95 + $0.75 per contract  
– Account minimum: $0
– Offers over 3,290 no-transaction-fee mutual funds
– Tradable securities offered are stocks, bonds, mutual funds, ETFs, and Options
– Offers high-quality customer service  
– Integrated with Bank of America
– Has the best research tools
– Its advanced mobile app mimics a desktop trading platform
– Excellent customer service with 24/7 phone support
– Best research tools – it provides research from its own Bank of America Merrill Lynch Global Research as well as other third-party providers
TD Ameritrade– Trade commission: $6.95  
– Account minimum: $0
– Account holders have access to new strategies from excellent research companies such as Market Edge and Argus
– Has 24-hour phone support and automated client support
– Offers the best-in-class trading platform because it is intuitive, streamlined, and easy to use, which is ideal for beginners  
– Has a Trade Finder feature which allows investors to choose and be led into a clear ordering process that highlights various strategies for earning
– Clean and simple real-time navigation
Fidelity– Trade commission: $4.95  
-Account minimum: $2,500
-Options trades: $4.95 + $0.65 per contract – No annual fee
– Offers more than 3,700 no- transaction-fee mutual funds
-24/7 customer support
– User-friendly platform design  
– Substantial number of educational resources
– Has colour-coded rankings and charts for easy navigation and to be able to filter out important information
– Provides research information from more than 20 excellent providers, including McLean Capital and Ned Davis
E*Trade-Platform has a huge library   of educational videos, articles, and webinars -Commission fees start at $6.95
-Access to real-time quotes, CNBC videos, and market news  
– Offers an easy learning curve and extra room to grow in confidence as a trader  
– Offer no surcharges for low-priced stocks
– Account holders can view account summary, portfolios and watch lists on the same page
– There is access to all investment products – with a wide range including banking and mutual funds

While it is easy to earn a profit with buying and selling stocks online, it is also easy to lose money if you don’t have the proper guidance, training and information.  This list of the best stock trading sites provides you with relevant information on which trading sites to choose from. This definitive guide will help you make the right decisions and be on your way to earn money through online stock trading.

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