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One of the most complex decisions you will have to make as a new investor is choosing the best online broker for you and your financial goals. Outlined below, we have listed some of our top choices of online brokers in 2023.

最好的online brokers of 2023:

1

Ally Invest

HighlightsLow fee commissions, intelligent tools

Trading commissions$0

Account minimum$0

Learn More On Ally’s Website
最好的for Independent Investing
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Highlights:Low fee commissions, intelligent tools

Trade commissions:$0

Account minimum:$0

Ally Investis a trading platform that is geared toward independent investors. With Ally’s intelligent tools, they prepare their clients to make their own well-informed investment decisions.

Some of the features of the intelligent tools include:

  • Reading streaming charts
  • Profit/loss graphs
  • Creating watchlists
  • Using probability calculators
  • Reading market stats
  • Screening ETFs

This platform is suitable for executing many trades, including stocks, ETFs, bonds, mutual funds, and forex, which are only tradable on select platforms.

One of the biggest perks of choosing Ally Invest as your online broker is that you can open a traditional taxable brokerage account and a banking account that includes checking and savings options. This makes transferring funds between accounts very easy.

2

TD Ameritrade

HighlightsEasy trading platform and mobile app…

Trading commissions$0

Account minimum$0

最好的for Beginners
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Highlights: Easy trading platform and mobile app, variety of security options, research, and education

Trade commissions:$0

Account minimum:$0

TD Ameritradeis the most versatile online broker on the market today. They are well known for their research, education, and various securities, including futures and forex and more than 3,700 mutual funds—all with no transaction fee.

This platform boasts extensive free educational resources such as TD Ameritrade Network streaming videos, in-person workshops, online courses, articles, and webcasts. There are plenty of opportunities to learn more with TD as they constantly update their systems.

TD Ameritrade creates courses that feature gamified elements, progress tracking, technical analysis, income investing, options trading, and more. This online broker is perfect for a learn-as-you-go approach to investing for beginners.

3

Fidelity Investments

HighlightsOverall client experience…

Trading commissions$0

Account minimum$0

Overview
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最好的Online Broker Overall

Highlights:Overall client experience, beginner investors, research

Trading commissions:$0

Account minimum:$0

Fidelity Investmentsis the best online broker overall. They have a reputation for being investor-friendly. They have an easy-to-use platform for new investors, active day traders, and long-term investors. They take $0 in trading commissions and there is no account minimum.

Fidelity provides a ton of securities such as stocks, ETF trades, index funds, mutual funds, and more. They also have many different account types such as a taxable brokerage account, IRA’s including Roth, health savings accounts, 529 education saving plan accounts, and more.

They also provide a wealth of research and education to their clients, including guided programs for savings and goals, which makes it an excellent broker option for new investors. Due to their ongoing research, they are constantly evolving and are now looking for new ways to cut down account fees.

4

嘉信理财

HighlightsReliability, customer service

Trading commissions$0

Account minimum$0

最好的for Customer Service
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Highlights:Reliability, customer service

Trading commissions:$0

Account minimum:$0

Our top choice for an online broker with the best customer service is嘉信理财. Charles Schwab is known for its easy-to-use online platform and knowledgeable customer service agents. Their website outlines fees, account types, investment products, trading research, and more.

嘉信理财does not only offer online access, but they have many branch locations across the U.S. as well, which allows for financial experts to advise their clients either online or face to face.

嘉信理财may be your online broker option if you are looking for more hands-on support during your investing experience.

5

Interactive Brokers

HighlightsLow-cost trading, margin..

Trading commissions$0

Account minimum$0

最好的for Active Traders
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Highlights:Low-cost trading, margin trading, powerful platform

Trading commissions:$0

Account minimum:$0

Interactive Brokershas a strong reputation for being the best active trading platform for more experienced traders. One of the reasons it is one of the best for day traders is its low-cost fees. For active traders, costs are necessary because of the frequency of the trades being made daily or weekly.

Their $0 commission fees and margin interest rates make Interactive Brokers an unstoppable platform on the market today. Another key strength of this broker is its access to the global market. With their platform, you now have access to trade worldwide, including 135 markets in 33 different countries.

This online broker is also top among heavy traders because it boasts swift trade execution, bulk trade discounts, and various programs on its platform.

For seasoned traders, you may have already heard that Interactive Brokers is the best for your kind. Check them out if you haven’t already.

6

Merrill Edge

HighlightsIn-house research, existing…

Trading commissions$0

Account minimum$0

Learn More On Merrill’s Website
最好的for In-House Research
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Highlights:In-house research, existing Bank of America clients, customer support

Trade commissions:$0

Account minimum:$0

If you are looking for an online broker with a research team, look no further thanMerrill Edge.Merrill is known for the high-quality research that its specialized analysts conduct. They use the data collected to create educational resources for their clients, especially new investors.

One of the perks of opening a brokerage account with Merrill Edge is their partnership with Bank of America. This allows existing Bank of America clients to transfer funds between accounts for free.

Merrill offers different accounts, including online brokerage accounts, retirement accounts, and guided investment accounts handled by Merrill’s financial professionals.

What is an online broker?

在线代理是代理和他们的工作clients through the internet rather than face to face. Online brokers can provide the same services via the internet as a broker with a brick-and-mortar location, except they won’t get to shake your hand physically.

Through an online broker, you can open a brokerage account in which you will have many different investment options depending on your goals. These investments include stocks, cryptocurrency, exchange-traded funds (ETFs), mutual funds, bonds, and many more.

Typically, an online broker will provide a guideline for your investments, or they can take control of your brokerage account and make trades on your behalf. Because all of these transactions are done online, you will have full access to your brokerage account and any advice you may need from their financial experts.

What should I consider when choosing an online broker?

When you are shopping around for the best online broker to open up your brokerage account, there are a few things you should keep in mind:

  • Account types:While most online brokerage firms will have the general taxable brokerage account types, some do not have specific ones like joint accounts, IRAs, or others.
  • Available securities:Look into what kinds of securities or assets you can invest on the broker’s platform. For example, some brokers don’t offer bonds, mutual funds, or other investments.
  • 成本:You will want to factor in trading costs such as fees for purchasing and selling assets (known as commissions to the broker), transfer fees, and other account fees.
  • Education:Many online brokers will provide education and breakdowns of investment types if you want to educate yourself.
  • Research:To some, research is essential. Some online brokers research and run their analysis, while other platforms use third-party data. Some people desire an online broker with their research team because they prove trustworthiness.
  • Trading platforms:Depending on your type of investments, some platforms are designed specifically for investors who wish to buy and hold and do not support day trading for active traders.

The bottom line

There are many considerations when choosing the right online broker for your financial future. Just know that using an online broker gives you complete control over yourinvestment journey.

You can choose to learn while you are investing by taking free educational courses or watching videos.

Another option is to sit down virtually with a financial professional to guide you in the right direction. Regardless of what you choose, there are many options out there that meet every investment need.

If you want moreinvesting and financial insight, check us out.

Information provided on Entrepreneur Guide is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, we do not recommend or advise individuals to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results

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