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Compare Online Brokers

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
  • Active traders
  • Experienced, knowledgeable traders
  • International traders
$3.00 broker assited orders an additional $6 $500
Get started securely through eOption's website
1 Minute Review

eOption is best known as a no-frills broker that prioritizes low costs over advanced tools. The platform has all the functionality an experienced trader would need at a discounted price, but investors should look elsewhere for research and educational information.

Pros
  • Low stock and option commissions
  • Low margins
  • Automated trading
Cons
  • Commissions on ETFs & mutual funds
  • Limited research and educational tools
  • Bare-bones platform
Current Promotion

None at this time

  • Low cost stock trading
  • Beginners looking to start trading
  • Investors on the go
Free $0
Get started securely through Robinhood's website
1 Minute Review

Robinhood is a free stock trading mobile app that serves both iOS and Android devices. They offer an easy to use interface and have excellent integrations to easily deposit money and begin investing.

Pros
  • Free trading for all stocks
  • Multiple integrations for banking deposits
  • No transfer out fees
Cons
  • Lacks research reports
  • Some features require premium paid upgrades
Current Promotion

Invite a friend and get a free stock

  • Retirement planning
  • Investment tracking
  • Bill tracking and management
0.49% - 0.89% Fees range based on deposit amount and services used $25,000
Get started securely through Personal Capital's website
1 Minute Review

Personal Capital differentiates itself from other robo-advisors by not using a traditional broker model, and ensuring that all of their advisors are RIAs (Registered Investment Advisor).

Pros
  • Personal Capital advisors are RIAs
  • Excellent Financial Tools
  • More than investing services
  • Free Financial Dashboard
Cons
  • Higher fees than other robo-advisors
  • Not as focused as other brokers
Current Promotion

None at this time

  • Hands-off investors
  • Investors having less investable funds
  • Environment-conscious & socially responsible investors
0.75% of your investment funds $50
Get started securely through Swell Investing's website
1 Minute Review

Swells is a startup venture backed by a 150-year old insurance company called Pacific Life based in Los Angeles. The firm was floated with the objective of providing a better investment option for people, who care about where their money goes and what it supports. And how it does this is, by identifying high-potential, high-impact themes, focused on a positive future, from healthcare innovation to clean tech. Dividends over $1 are automatically routed to the investment pool, thereby swelling the investable funds.

Pros
  • Being a robo-advisor, objectivity is maintained in stock picking
  • Serves the dual-purpose of multiplying money and at the same time, contributing in a small way to socially responsible ventures
  • Since Swell invests in individual stocks and not ETFs, no expense ratio is involved
Cons
  • Extremely volatile portfolios, given the small market cap of most stocks forming Swell’s portfolio
  • Lack of diversification in portfolio
Current Promotion

None

  • Advanced traders
  • Options and futures traders
  • Active stock traders
Flat-fee pricing: $5 per trade, Per-share pricing: $0.006-$0.01 per share ($1 minimum per trade) based on trading volume, Unbundled pricing: $0.002-$0.01 per share ($0.50-$1 minimum) based on trading volume $5,000 for individual retirement accounts (IRAs)
Get started securely through TradeStation's website
1 Minute Review

Founded in 1982 and headquartered in Plantation, Florida, Trade Station is apt for sophisticated traders. The firm offers free premium tools and real time data, charging no fees for software. ‘Amazing infrastructure’ and ‘innovative technology’ are the firm’s two selling points, which promise exceptional speed and reliability - a sine-qua-non for active and advanced traders. The firm also offers customized trading solutions for both international and domestic institutions.

Pros
  • Advanced trading platform
  • Vast amount of historical data that allows back-testing of trading ideas
  • Availability of many third-party add-ons
Cons
  • Less active traders are disadvantaged
  • No commission-free ETFs
Current Promotion

Open an account and save 20% on commissions.

  • Microinvestors
  • Beginners, which it calls the up-and-coming
  • College Students
$1 Per month accounts < $5000 balance 0.25% Annual fee accounts > $5000 $5
Get started securely through Acorns's website
1 Minute Review

This Fintech startup advocates small value investment, making it affordable for even a Tom, Dick or Harry, take a plunge into the world of investing. It simplifies the whole process of investing and is available for U.S. residents, and the Australians through its Acorns Australia unit. This smartphone app makes investing a cakewalk even for that most inexperienced traders and opens up the world of investment to micro-investors, who can invest the spare change from their routine spending.

Pros
  • Automated approach makes investing an automatic choice
  • Cheaper than traditional mutual funds and DIY ETFs
  • Cash back from your spending with Acorns’ partners through Found Money program
Cons
  • Expensive relative to many other automated investment tools such as Weathfront and Betterment
  • Limited asset classes, with just six available for investing
  • Only individual taxable accounts are on offer, whereas an IRA or 401(k) account is advantageous from the tax perspective.
Current Promotion

None at this time

  • Diversified Portfolios
  • Automatically Rebalanced
  • Tax Efficient
0% $5,000
Get started securely through Charles Schwab's website
1 Minute Review

Schwab Intelligent Portfolios™ - an automated investment advisory service with no advisory fees, no account service fees, and no commissions charged.

Pros
  • 0 Account fees for transfer and close
  • Automatic Rebalancing
  • 24/7 Customer Support
  • Great device support
Cons
  • Must have $5,000 minimum balance
  • Tax strategy is only free for accounts > 50K
Current Promotion

Pay $0 advisory fees, account service fees or commissions—and you can get started with as little as $5,000

  • Passive investors
  • Retirement investors
  • Do-it-yourself investors
0.5% of assets under management $10,000 account balance minimum for FutureAdvisor Premium
Get started securely through Future Advisor's website
1 Minute Review

FutureAdvisor is an online robo-advisor that uses an algorithm based on modern portfolio theory to manage your investing account, 529 college savings account or retirement plan. Users can set up free accounts on FutureAdvisor to automatically manage third-party accounts held at major brokerages.

Pros
  • Live advice from professional advisors
  • Tax-loss harvesting for all accounts
  • Free 401(k) account management for qualified customers
Cons
  • Fees based on portfolio size
  • No new clients over age 68
  • $10,000 account minimum balance
Current Promotion

None at this time

  • Binary options trading
  • Advanced trading and charting tools
  • Low fee structure
$1 per contract side with a $50 per order cap on entry fees $250
Get started securely through Nadex's website
1 Minute Review

NADEX, or the North American Derivative Exchange, offers retail trading of binary options and spreads on commodities, forex, stock indices and economic events from a single account and single trading platform. The firm is owned by the U.K.-based IG Group, a FTSE 250 global financial services firm.

Pros
  • Easy-to-use interface
  • Availability of great educational resources to educate investors
  • Access to advanced technical analysis, tools and charts
  • Option to exit a trade before expiry to preserve profits on the "in-the-money" or cut losses when "out-of-the-money"
Cons
  • Free to deposit; only fees are for wire transfers for withdrawals
  • Limited choice of asset classes, with stock trading not allowed through the exchange
Current Promotion

  • Off hand Investors, who require advice and assistance
  • Beginners
  • Investors who would want to invest in specific industry groups/sectors
$1 Per month accounts < $5000 balance 0.25% Annual fee accounts > $5000 $5
Get started securely through Stash's website
1 Minute Review

Stash, which is available only for U.S. citizens, operates on the mantra ‘investing should be made simple and accessible, It is a robo-advisor or an automated investment app. Simplifying investing, the firm promises an easy start up procedure, which requires only two minutes, $5 and a phone. Since the firm gives you a curated listed compiled based on your preferences gleaned out of the answers given by you for a set of questions, and also recommendations and guidance, you have help all the way.

Pros
  • Simplified investment procedure
  • Choice of investments (ETFs) with easy-to-understand nomenclature
  • Availability of all information pertaining to an account in an easy-to-read snapshot
  • Very low opening balance made possible by fractional ownership of assets
Cons
  • Income made through Stash, be it capital gains, dividends and income interest, are taxable just like any other investment.
  • It works out costly for smaller accounts
Current Promotion