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Compare Online Brokers

Find an Online Broker That Suits Your Needs

Technology is pushing the boundaries of finance markets further every day. With all the noise, Benzinga took the time to digest every reputable online Brokerage and the advantages or disadvantages of each.

Every investor has different goals for their portfolio’s future. Use our tool below to find which broker suits your needs best.

Investment Style
Tradable Securities
What's most important?
Broker Best For Commissions Account Minimum Choose your platform
  • Beginner investors
  • Advanced traders
  • Investors who want portfolio-building advice.
$6.95 $0
Get started securely through TD Ameritrade's website
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Pros
  • Superior technology
  • No account minimum balance
  • Excellent customer support
  • Premier data and news partnerships
Cons
  • Slightly higher commissions
  • Can be for more advanced users
Current Promotion

Trade Free for 60 days + Get up to $600 with Trade Architect from TD Ameritrade.

  • Active traders
  • Beginners looking to start trading
  • Low fees
  • Penny stocks
$4.95 volume discount available $0
Get started securely through Ally Investment's website
1 Minute Review

If investors are on the hunt for a bargain broker, Ally Invest could be the one. With low commissions across the board, Ally Invest (formerly TradeKing) stops potential investors in their tracks with its especially low mutual fund commissions. Commissions on stocks and ETFs are notoriously inexpensive as well, and for more active traders or those with larger account balances, commissions can dip as low as $3.95 per trade.

Pros
  • Volume discounts available
  • Among the lowest fees in industry
  • Good for every experience level
  • Excellent customer service
Cons
  • No commission free ETFs
  • Lacks physical locations
Current Promotion

$3.95 per stock trade for Active Traders at Ally Invest

  • Mobile traders
  • Traders looking for research and data
  • Investors looking for retirement planning guidance
$6.95 for fewer than 30 trades/quarter. $4.95 for 30 or more trades/quarter $0
Get started securely through eTrade's website
1 Minute Review

E-Trade is best known for its user-friendly browser, desktop and mobile trading platforms and its extensive research and educational information. E-Trade may not have the lowest commissions compared to discount online brokers, but customers certainly get their money’s worth from E-Trade’s comprehensive offerings.

Pros
  • Extensive resources
  • Full banking services
  • Easy-to-use platforms
Cons
  • Limited access to ETrade Pro
  • Higher commissions than discount brokers
Current Promotion

60 days of commission-free trades with deposit of $10,000 or more

  • Intermediate investors
  • Retired investors
  • College students
0.25% annual fee $0
Get started securely through Betterment's website
1 Minute Review

Offering personalized investment strategies, Betterment tailors customer portfolios based on a host of factors such as goal type, risk tolerance, account type, time horizon etc. The firm focuses on tax-efficient investing at all stages, which is its unique selling proposition.

Pros
  • Built in tax-saving strategies
  • Automated rebalancing
  • Personalized service
Cons
  • Lack of customization
  • Other Robos can be free
Current Promotion

None at this time

  • Retirement investors
  • Active traders
  • Premium research
  • Low fees
  • No-transaction-fee mutual funds
$4.95 $0 for IRAs. Some accounts may require a minimum opening balance of $2,500
Get started securely through Fidelity Investments's website
1 Minute Review

Fidelity has unmatched market research. The company uses the most providers to customize which research data is appropriate for the investor. Fidelity is best used for an experiecned trader who is willing to invest and make a minimum 36 trades per quarter. Not only does Fidelity offer 24/7 support, there are many branches nationwaide that offer in person seminars and webinars to ensure it's customers are always informed on the latest market research and technologies.

Pros
  • Low cost trade commissions
  • Commission free ETFs
  • Excellent customer support
Cons
  • Platform can be complex
  • Minimum investment balance of $2,500
Current Promotion

Commission-free trades good for 2 years

  • options traders
  • Frequent traders
  • Penny stock traders
  • No account minimum
  • futures traders.
$4.95 $200 minimum equity balance required to maintain an IRA.
Get started securely through OptionsXpress's website
1 Minute Review

optionsXpress is a great tool yourself on stock options trading. The Virtual Practive Trader gives the customer 25,000 virtual trading account to test trading strategies and gain experience without putting any money on the line. With customer support from Charles Schwab optionsXpress offers broker assisted trades and a pleathora or educational tools when a trader is ready to enter the stock market.

Pros
Cons
Current Promotion

Customers who open a new account and transfer at least $5,000 from another brokerage earn 50 commission-free trades.

  • Beginner investors
  • Advanced traders
  • Investors seeking commission-free etfs
$4.95 $1,000 waived if you set up an automatic monthly transfer of $100 through direct deposit
Get started securely through Charles Schwab's website
1 Minute Review

Known for high quality competitive trading platforms and a large selection of commission-free exchange traded funds and no-transaction-fee mutual_funds. Consistently winning awrds with J.D Power, Fortune, and Inventors Business daily. Charles Schwaab is praised for it's heritage of innovation, modern wealth management capabilities, and customer service.

Pros
  • $4.95 standard trade commissions
  • Powerful research tools
  • Low cost index funds (no minimums)
  • Excellent customer service
Cons
  • $1,000 minimum balance
  • No Forex
Current Promotion

$100 referral award for first-time clients

  • Great for beginners
  • Lower fees
  • Easy learning curve
0.25% annual fee $500
Get started securely through Wealthfront's website
1 Minute Review

At Wealthfront we believe that everyone deserves access to sophisticated financial advice, without the hassle or the high fees. So live the life you want.

Pros
  • Amazing platform
  • Low fee structure
  • Automatic tax-loss harvesting
Cons
  • No partial shares allowed
Current Promotion

None at this time

  • Commission-free trading
  • Bank of America customers
  • High-balance customers
  • Investors who value customer service
  • Penny stock traders.
$6.95. Customers who maintain combined balances of $25,000 or more in Bank of America deposit accounts or combined balances of $25,000 or more in Merrill Edge self-directed accounts can qualify for up to 30 commission-free trades per month. $0
Get started securely through Merrill Edge's website
1 Minute Review

Merrill Edge is a great option for a casual trader and Bank of America customer. The customer is able to log in the their Bank of America account and view their invesments in one seamless step. Merrill Edge has one of the best customer support systems with 24/7 phone, live chat, e-mail support as weel as over 2,000 Bank of America locations.

Pros
  • Seamless integration with Bank of America
  • Self Directed investing options
  • No surcharges for stocks that trade under $1
Cons
  • Lacks no-fee ETFs
  • Dated and Sluggish user interface
Current Promotion

Cash bonuses ranging from $100 for deposits of $20,000 to $49,999, to $600 for deposits of $200,000 or more

  • Day traders
  • Penny stock traders
  • Forex traders
$0.005 per share minimum $1 and maximum 0.5% of trade value; volume discount available $10,000 $5,000 for IRAs, $3,000 for clients 25 or younger
Get started securely through Interactive Brokers's website
1 Minute Review

If you’ve got $10,000 and you consider yourself a sure-footed professional trader, Interactive Brokers might a major possibility for you, particularly if you’re adept at navigating tricky trading platforms (can you say 124 option indicators?) or have done more than just dipped your toe a “coupla times” into the complex world of international markets.

Pros
  • Interactive Brokers offers the lowest margin rates in the industry
  • Low pay-per-share commissions on stock trades (up to 1,000 shares) and on options trades (up to 20 contracts)
  • Vast order types options for professional traders
Cons
  • It’s a hefty $10,000 minimum to open an account
  • Account fee charges (including annual, transfer, closing and inactivity fees) and complex trading platform, which can be difficult for beginners
Current Promotion

Lower minimum activity requirements ($3/month) and opening account minimum requirement ($3,000) for clients 25 and younger.