E*TRADE, one of the pioneering platforms in online brokerage, has long been a popular choice for investors looking to manage their portfolios with ease. Despite its reputation and comprehensive suite of tools, E*TRADE may not meet the specific needs or preferences of every investor, whether due to its fee structure, available services or user interface.

If you’re seeking alternatives that might better align with your investment strategies, options like Interactive Brokers and Robinhood present compelling opportunities. Each of these platforms offers unique features and advantages that can cater to different investing styles and requirements. In this article, we’ll take a look at five E*TRADE alternatives and the pros and cons of each platform.

Quick Look at the Top E*Trade Alternatives:

• Best for global traders: Interactive Brokers
• Best for beginners: Robinhood
• Best for low fees: Fidelity Investments
• Best for fund investing: Charles Schwab
• Best for all types of investors: Ally Invest

5 Best Alternatives to E*TRADE

We’ve compiled an extensive list of some of our favorite alternatives to E*TRADE, which includes a variety of brokerage platforms that cater to different investment needs and preferences, offering features such as low fees, user-friendly interfaces, a wide range of investment options, advanced trading tools and excellent customer support.

1. Best for Global Traders: Interactive Brokers

Best For

Active and Global Traders

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Best For

Active and Global Traders

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Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.  

IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.

Best For

• Access to international markets
• Active traders
• Detailed mobile app that makes trading simple
• Wide range of available account types and tradeable assets

Pros

• IB SmartRouting provides significant price improvement vs. industry
• Fractional trading allows investing regardless of share price
• Industry’s lowest margin rates
• Earn more by lending your fuly-paid shares

Cons

• Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources

Interactive Brokers (IBKR) is widely regarded as one of the leading online brokerage firms, particularly attractive to professional and active traders. The platform provides access to a wide array of financial products, including stocks, options, futures, forex and fixed income securities across multiple global exchanges.

One of the standout features of Interactive Brokers is its comprehensive trading platform. The Trader Workstation (TWS) is robust and offers a myriad of functionalities tailored for experienced traders, including advanced charting, market research and customizable monitoring tools.

The firm also offers low trading costs and commissions, especially for high-volume traders. Unlike many brokers that charge flat fees, IBKR operates on a tiered pricing model, allowing you to pay lower commissions as their trading volume increases.

Fees: U.S. stocks & ETFs $0 (IBKR Lite) / $0.0005–0.0035 per share (IBKR Pro); options $0.15–0.65 per contract.

Why we picked it: Interactive Brokers stands out as an excellent choice for professional traders seeking low costs, a wide array of trading options and sophisticated tools. 

2. Best for Beginners: Robinhood

Best For

Commission-Free Mobile Trading

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Commission-Free Mobile Trading

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Robinhood is a popular trading platform known for its commission-free trades and user-friendly mobile app. Ideal for novice investors, Robinhood makes it easy to buy and sell stocks, ETFs and cryptocurrencies. The platform offers a straightforward, no-frills experience, making it accessible for users new to investing. With features like fractional shares and a sleek interface, Robinhood lowers the barriers to entry for investing, allowing users to start with just a few dollars. It lacks the advanced tools and research options that more experienced investors might seek. Overall, Robinhood is a great choice for beginners seeking a simple way to invest.

Best For

• Beginners looking for simplicity
• Mobile-first investors
• Commission-free trades

Pros

• User-friendly mobile app
• Instant double
• Cash management
• Access to cryptocurrencies

Cons

• Limited research tools
• No mutual funds available
• Basic customer support options

Robinhood is a commission-free brokerage firm that has gained popularity in recent years, especially among younger investors.

Robinhood allows you to purchase fractional shares, which can be a great way to invest in expensive stocks without having to buy a whole share.

Robinhood has a user-friendly app that is easy to use. The clean interface allows you to quickly understand how to access different features without feeling overwhelmed by complex layouts or jargon. Additionally, Robinhood provides customizable notifications and features that allow you to tailor your trading experience according to your preferences. 

Fees: $0 commission trades for U.S.-listed stocks, ETFs and options (stock & ETF options carry no per-contract fee).

Why we picked it: Robinhood has made investing more accessible to the masses, disrupting the traditional brokerage model with its commission-free trading.

3. Best for Stock Research: Fidelity

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Stock Research

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Best For

Stock Research

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Fidelity is a comprehensive and responsive brokerage suitable for both new and experienced traders alike. With complete access to the full U.S. stock and options markets, a set of state-of-the-art education and research tools, as well as a wide fee-free fund selection, Fidelity is equally useful for the veteran swing traders to novices opening their first accounts. Mobile traders will be especially happy with Fidelity’s app, which mirrors full capabilities of the platform. Though there isn’t much to criticize about Fidelity, the broker does have a few areas where it can afford to improve. Margin rates are significantly higher than most other brokers, especially for traders borrowing less than $25,000. It also doesn’t offer any access to the futures markets. Despite these minor flaws, Fidelity remains a strong choice for most investors.

Best For

• Easy-to-navigate yet functional platform strikes the perfect balance between expert tools and comfort for beginners
• Mobile trading app is fully-optimized and mirrors full functionality of the desktop platform
• Wide range of education and research options make learning more about securities and the market easier and less time-consuming

Pros

• Complete range of both independent and managed services available at exceptionally affordable prices
• Offers access to both domestic markets and 25 foreign markets, as well as a wide range of options contracts and over 10,000 mutual funds
• Mobile app that is well-integrated and works just as well as the desktop platform
• Wide selection of education tools and resources available free of charge

Cons

• Margin rates higher than many other competing brokerages
• No access to futures trading
• High fees for buying a non-Fidelity mutual fund (with over 3,300 fee-free funds available)

Fidelity is a full-service brokerage firm that offers a wide range of investment products and services, including stocks, bonds, ETFs, mutual funds and more.

Fidelity has some of the lowest fees in the industry, with no commission for trading stocks, ETFs or options. This, along with no account minimums for certain investment vehicles, allows you to enter the market without the burden of excessive costs. 

With responsive support teams available via phone, chat and email, Fidelity ensures that clients receive personalized assistance tailored to their needs.

Fees: $0 commission for U.S.-listed stocks & ETFs and $0.65 per options contract

Why we picked it: Whether you’re planning for retirement, managing a brokerage account or looking to grow your wealth, Fidelity’s robust tools and resources provide an advantageous environment for achieving your financial goals.

4. Best for Fund Investing: Charles Schwab

Best For

Fund Investing

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Best For

Fund Investing

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Charles Schwab is a solid choice for traders of all skill levels. It offers full access to the U.S. equity and options markets as well as 30 international markets. Traders can create a diverse portfolio with $0 commissions and no account minimums. Schwab’s margin trading is expensive but Schwab makes up for it with affordable futures and options trades, along with a comprehensive mobile offering.

Best For

• 3 trading platforms perfectly in sync makes matching your platform to your skill level a snap
• Excellent futures trading education for new traders
• $0 account minimum means anyone can start trading

Pros

• Wide range of available assets to trade, including futures and 30 global markets
• SmartStreet Edge platform is powerful enough for advanced traders, yet easy enough for new traders to utilize
• Unique educational resources (like infographics and podcasts) make learning fun

Cons

• Margin rates are more expensive than competitors
• More limitations on available margin than competitors
• Expensive mutual funds

Known for its comprehensive suite of investment options, Schwab offers services ranging from stock and bond trading to more advanced investment products like ETFs and mutual funds. The platform provides investors of all levels with access to robust research tools and educational resources.

With no commission fees for stock and ETF trades and a variety of no-transaction-fee mutual funds, Schwab caters to cost-conscious investors seeking to maximize their returns.

The company provides 24/7 support through multiple channels, including phone, chat and email. For clients who prefer in-person assistance, Schwab has physical branches, allowing customers to consult with financial advisors directly.

Fees: $0 commission on stocks and ETFs; options $0.65 per contract.

Why we picked it: With a user-friendly interface, exceptional customer service, competitive pricing and a wide range of investment options, Schwab presents an ideal solution for investors at any stage of their financial journey.

5. Best for Socially Responsible Investing: Ally Invest

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Socially Responsible Investing

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Best For

Socially Responsible Investing

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Ally Invest is a comprehensive broker offering easy access to domestic markets. Combining a wide range of charting tools with an easy-to-master platform, Ally is a solid choice for both new and experienced investors. Ally’s mobile app is particularly impressive for investors who already bank with Ally, offering seamless compatibility between accounts. While more experienced investors might be disappointed with Ally’s beginner-oriented educational center, they’re bound to love Ally’s wide range of technical tools and rock-bottom pricing.

Best For

• Investors who already bank with Ally and want to streamline between accounts
• Beginners looking for easy-to-follow educational tools
• Stock investors looking for affordable access to low-priced options and commission-free stock trading

Pros

• Streamlined interface that’s easy to use and quick to master — even for beginners
• Wide range of unique tools that makes analyzing securities simple
• Seamless integration between mobile and desktop offerings, especially for Ally Bank account holders
• Diversified managed investment portfolios with a low minimum and no advisory fees
• Impressive ETF screening tools that make it easy to find your next fund

Cons

• No fee-free mutual funds
• No access to futures trading

Ally Invest is one of the leading online brokerage platforms that caters to both beginner and experienced investors. As a subsidiary of Ally Financial, the platform has garnered a reputation for offering a user-friendly experience, competitive pricing and a range of investment options.

Ally Invest excels by providing a robust suite of resources. Its trading platform includes advanced charting tools, real-time market data and customizable dashboards that cater to different trading styles.

One of the standout features of Ally Invest is its low-cost structure for trading stocks and ETFs. Additionally, Ally Invest offers competitive pricing for options trading, which further reduces the barriers for active traders looking to maximize their returns. 

Fees: $0 commission on stocks and ETFs (for securities ≥ $2); options $0.50 per contract.

Why we picked it: Ally Invest is a compelling choice for investors seeking a blend of affordability, functionality and user experience in their trading platform.

Final Thoughts on E*TRADE Alternatives

As you can see, there are many E*TRADE alternatives available to investors. Each platform has its own pros and cons, so it’s important to do your research and choose the one that best meets your needs. Interactive Brokers is an excellent choice for experienced traders who want advanced trading tools, while Robinhood is a great option for new investors who want a user-friendly app. Fidelity and Charles Schwab both offer a wide range of investment products and excellent customer service, but have higher minimum investments. Ally Invest is an excellent choice for new investors who want low fees and an easy-to-use interface. Ultimately, the best E*TRADE alternative for you will depend on your investment goals, experience level and personal preferences.

Frequently Asked Questions

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CenterPoint Securities is a well-known brokerage firm, popular among active and professional traders for its powerful trading platforms and exceptional customer service. However, the specialized features and potentially higher costs associated with CenterPoint may not suit every trader’s needs or budget.

If you’re looking for alternative brokerage services, it’s worth considering other reputable companies that provide similar benefits but might better align with your trading preferences and goals. Lightspeed Trading and Interactive Brokers stand out as highly regarded alternatives. Explore other options below to help you find the best platform that meets your requirements and enhances your trading experience.

Quick Look at the Top Centerpoint Securities Alternatives:

• Best for active traders: Lightspeed Trading
• Best for global traders: Interactive Brokers
• Best for fund investing: Charles Schwab
• Best for desktop trading: E*TRADE
• Best for beginners: Robinhood
• Best for futures trading: TradeStation

6 Best Alternatives to Centerpoint Securities

We have gathered a comprehensive selection of some of our preferred alternatives to Centerpoint Securities.

1. Best for Active Traders: Lightspeed Trading

Best For

Active traders

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Best For

Active traders

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Lightspeed Financial Services Group was first founded in the early 2000s and has since evolved to offer a wide variety of online (trading) opportunities. Lightspeed allows you to access advanced trading platforms such as their Lightspeed Trader platform as well as specialty and futures trading platforms at competitive prices. Lightspeed provides customizable software that focuses on risk management and fast execution speeds while optimizing control.

Best For

• Active traders
• High-Volume traders
• Short-Sellers
• Option traders

Pros

• Deep discounts for high-volume traders
• Fast & personal customer service
• Fast execution speeds
• Cutting-edge trading platform in Lightspeed Trader
• Robust inventory of locates on HTB stocks

Cons

• High minimum investment ($10,000)

Lightspeed Trading is an online brokerage firm that caters primarily to active traders and institutional clients. The firm is particularly known for its direct market access (DMA), which allows for faster execution speeds and a more streamlined trading experience.

Traders can customize their workspace with various trading tools, including Level II quotes, advanced charting options and real-time market data. The user interface is relatively intuitive, although new traders may need some time to familiarize themselves with its extensive features.

Fees: Stocks/ETFs as low as $0.001/share (min $0.25 trade) and options from $0.20/contract.

Why we picked it: Lightspeed Trading offers low commissions, advanced trading tools and access to multiple markets, including stocks, options and futures. The platform is known for its fast execution and user-friendly interface.

2. Best for Global Traders: Interactive Brokers

Best For

Active and Global Traders

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Best For

Active and Global Traders

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Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.  

IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.

Best For

• Access to international markets
• Active traders
• Detailed mobile app that makes trading simple
• Wide range of available account types and tradeable assets

Pros

• IB SmartRouting provides significant price improvement vs. industry
• Fractional trading allows investing regardless of share price
• Industry’s lowest margin rates
• Earn more by lending your fuly-paid shares

Cons

• Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources

Interactive Brokers is a trading platform that offers low commission fees, a wide range of investment products and advanced trading tools. The platform offers access to multiple markets, including stocks, options, futures and forex.

Its proprietary platform, Trader Workstation (TWS), is packed with advanced trading tools, sophisticated charting capabilities and a plethora of research resources. Although the platform may present a steep learning curve for novice traders, those who are more experienced will find it invaluable for executing complex trades and strategies.

The mobile app is also robust, allowing users to trade efficiently on-the-go, which is increasingly important in today’s fast-paced trading environment.

Fees: $0 stock/ETF trades (IBKR Lite) and $0.65 per options contract.

Why we picked it: Interactive Brokers stands out as a top choice for sophisticated investors and traders looking for low-cost, high-quality trading options.

3. Best for Fund Investing: Charles Schwab

Best For

Forex and Investing App

Pairs Offered

N/A

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Account Minimum

N/A

Pairs Offered

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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.

Best For

• Novice investors
• Retirement savers
• Day traders

Pros

• World-class trading platforms
• Detailed research reports and Education Center
• Assets ranging from stocks and ETFs to derivatives like futures and options

Cons

• Thinkorswim can be overwhelming to inexperienced traders
• Derivatives trading more costly than some competitors
• Expensive margin rates

Charles Schwab is a trading platform that offers low commissions and access to a wide range of investment products, including stocks, bonds, options and mutual funds. The platform also offers a range of advanced trading tools, making it a great option for experienced traders.

One of the standout features of Charles Schwab is its commission-free trading platform. Investors looking for low-cost options will appreciate that Schwab has eliminated trading commissions for stocks and ETFs, making it more affordable for individuals to build their investment portfolios. Moreover, Schwab’s robust trading tools and educational resources empower users to make informed investment decisions.

Fees: Commission-free online trading for most listed U.S. stocks and ETFs, and charges $0 online base commission plus a $0.65 per-contract fee for options trades, plus standard regulatory and exchange fees.

Why we picked it: The combination of diverse investment options, commission-free trading and a wealth of educational resources makes Charles Schwab a top choice for anyone looking to take charge of their financial future.

4. Best for Desktop Trading: E*TRADE

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Desktop Trading

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Best For

Desktop Trading

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E*TRADE is an online discount trading house that offers brokerage and banking services to individuals and businesses. One of the first brokers to embrace online trading, E*TRADE not only survived both the dot-com bubble and Recession — it thrived. You can choose from two different platforms (one basic, one advanced). E*TRADE is a suitable broker for traders of most skill levels, whether you want to buy mutual funds and hold them for decades or dabble in options swing trading. E*TRADE offers a library of research and education materials to help you out.

Best For

• Active traders
• Derivatives traders
• Retirement savers

Pros

• Sophisticated trading platforms
• Wide range of tradable assets
• Exceptional customer service

Cons

• Limited currency trading
• Higher margin rates than competitors
• No paper trading on its standard platform

E*TRADE is one of the leading online brokerage platforms offering a comprehensive range of investment products. Users can trade stocks, options, mutual funds, ETF and bonds, providing a diverse array of opportunities for wealth building.

E*TRADE has a user-friendly interface, designed to cater to both new investors and seasoned traders. The platform’s intuitive layout allows users to navigate through a range of investment options, research tools and educational resources without feeling overwhelmed. The streamlined design ensures that users can quickly access your portfolios, execute trades and monitor market conditions.

For those interested in commission-free trading, E*TRADE’s pricing structure is particularly appealing. The platform does not charge commissions for online stock and ETF trades.

Fees: $0 commission for stocks/ETFs; $0.65 per options contract (drops to $0.50/contract with 30+ trades/quarter).

Why we picked it: With its user-friendly interface, extensive educational content, mobile app and competitive pricing, E*TRADE positions itself as a solid choice for anyone looking to manage their investments efficiently. 

5. Best for Beginners: Robinhood

Best For

Commission-Free Mobile Trading

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Best For

Commission-Free Mobile Trading

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Robinhood is a popular trading platform known for its commission-free trades and user-friendly mobile app. Ideal for novice investors, Robinhood makes it easy to buy and sell stocks, ETFs and cryptocurrencies. The platform offers a straightforward, no-frills experience, making it accessible for users new to investing. With features like fractional shares and a sleek interface, Robinhood lowers the barriers to entry for investing, allowing users to start with just a few dollars. It lacks the advanced tools and research options that more experienced investors might seek. Overall, Robinhood is a great choice for beginners seeking a simple way to invest.

Best For

• Beginners looking for simplicity
• Mobile-first investors
• Commission-free trades

Pros

• User-friendly mobile app
• Instant double
• Cash management
• Access to cryptocurrencies

Cons

• Limited research tools
• No mutual funds available
• Basic customer support options

Robinhood is a trading platform that offers commission-free trading on stocks, options and cryptocurrencies.

One of the most significant perks of using Robinhood is its simplicity. The application is designed for ease of use, featuring a clean layout that allows users to quickly navigate through various options, from stocks and ETFs to cryptocurrencies.

Additionally, the app offers educational resources that help users understand the basics of investing, which can contribute greatly to their investment decisions.

Fees: $0 commissions on stocks/ETFs and no per-contract fees on stock/ETF options.

Why we picked it: Robinhood has been a game-changer in making stock trading accessible to a broader audience with its user-friendly design, commission-free trades and innovative features.

6. Best for Futures Trading: TradeStation

Best For

Futures Trading

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Best For

Futures Trading

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TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For

• Advanced traders
• Options and futures traders
• Active stock traders

Pros

• Comprehensive trading platform and professional-grade tools
• Wide range of tradable securities
• Fully-operational mobile app

Cons

• Confusing pricing structure to leave new traders with a weak understanding of what they pay
• Cluttered layout to make navigating TradeStation’s platform more difficult than it should be

TradeStation is a prominent online brokerage platform that is particularly well-regarded for its robust trading technology and comprehensive tools suited for active traders and investors.

TradeStation has is its proprietary trading platform, which offers a high degree of customization. Users can create their own trading strategies and backtest them using historical data. This feature is particularly beneficial for algorithmic traders or those who want to develop automated trading systems.

Additionally, TradeStation’s EasyLanguage programming language allows users to design custom indicators and strategies with relative ease, which enhances the trading experience for those who are more technically inclined.

Fees: $0 commission on most online U.S. stock and ETF trades. Stock options typically cost $0 commission + about $0.60 per contract (TS Select) or $0.50 per contract (TS Go), plus standard exchange and regulatory fees.

Why we picked it: TradeStation’s feature-rich platform that stands out in the crowded online brokerage space, particularly for those who prioritize trading technology and educational resources.

Final Thoughts on the Best Centerpoint Securities Alternative

Centerpoint Securities is a great platform for active traders and hedge funds, but other possible alternatives exist. Each platform has its pros and cons, so it is important to evaluate your trading needs and preferences before making a decision. Whether you are a beginner or an experienced trader, a platform out there will meet your needs.

Frequently Asked Questions

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In recent years, eToro has become a popular brokerage platform for trading stocks, cryptocurrencies and other financial assets. However, if you’re looking for an alternative to eToro, you can take a look at several other brokerage platforms. In this article, Benzinga reviews eight eToro alternatives and the pros and cons of each.

8 Best eToro Alternatives

Here’s a curated list of eToro alternatives, each with its own strengths to consider.

1. Best for CFD Trading: Vantage Markets

Best For

Dedicated CFD Traders

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Dedicated CFD Traders

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Established in 2009, Vantage is a CFD broker with over 15 years in the industry and is trusted by 5,000,000+ traders. Vantage Markets is an excellent choice for both beginner and seasoned traders, offering features tailored to diverse needs. With a low $50 minimum deposit, no account maintenance fees, and access to over 1,000 tradable instruments, it appeals to those seeking affordability and variety. Advanced tools like MetaTrader 4 and 5, TradingView, and proprietary platforms cater to professional traders, while copy trading and educational resources support beginners. Negative balance protection and segregated accounts ensure enhanced security.

Best For

• Professional investors in need of an all-in-one broker
• Those who are keen to learn more with free trading education resources
• Intermediate and advanced traders with a small amount of capital

Pros

• Spreads from 0.0 pips on FX, no overnight fees, and $0 commission on US shares
• 1,000+ CFDs on forex, indices, commodities, shares, ETFs, and bonds to diversify your portfolio
• Leverage options vary from 100:1 to 1000:1, tailored to the regulatory requirements of each region
• Trade like professionals at a low cost with our copy trading tool
• One-click trading, comprehensive TradingView charts, expert market analysis, and real-time price alerts all within the same platform
• Free articles, interactive courses, educational videos, podcasts, and webinars, covering everything from how the markets work, to complex technical strategies
• Real-time market analysis and insights
• Intuitive mobile app with extensive functionality
• Negative balance protection
• 24/7 customer service is ideal for international account holders
• Convenient and seamless deposit and withdrawal process
• ASIC, FSCA, the FCS and VFSC regulations
• Funds withdrawal: 2-5 business days
• Promotional Campaign: Gain an extra 50% on your deposit or up to 100% when you make your first-time deposit to a Perpetual Account

Cons

• Product range could be increased

Vantage Markets is a versatile online broker offering access to over 1,000 CFD trading products, including forex, indices, stocks and commodities. The platform supports popular tools like MetaTrader 4, MetaTrader 5, TradingView and the Vantage App, providing traders with diverse, user-friendly options for both web and mobile trading. Vantage also offers educational resources through its Vantage Academy, where traders can access webinars, eBooks and courses to deepen their market knowledge. Additionally, the platform provides promotional incentives, such as deposit bonuses and loyalty rewards, to enhance the trading experience for its users.

Why we picked it: Vantage Markets stands out with its support for copy trading, allowing users to follow and replicate the strategies of experienced traders. Vantage Markets has built a reputation over 15 years for reliability and service, attracting a global clientele seeking flexible trading solutions. The platform’s wide range of financial instruments and educational support make it a solid option for both novice and seasoned traders.

2. Best Overall: Plus500

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Overall

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Disclosure: Trading with leverage carries a high risk and may not be suitable for everyone. 81% of trading accounts lose money.

Best For

Overall

N/A

1 Minute Review

Plus500 is a holistic investment platform that offers futures trading along with other options like crypto, options, stocks, ETFs and much more. Keep in mind that Futures are available through the Plus500 Futures platform, stocks are available through Plus500 Invest and CFDs are available through their Plus500 CFD platform. Futures are available for U.S. residents only.

Best For

• Mobile users
• Market access
• Variety of assets

Pros

• Quality website and mobile app
• Low fees
• Many other opportunities to invest
• Plus500 offers three platforms: Plus500 Futures, Plus500 Invest and Plus500 CFD.

Cons

• You may prefer a platform that is less complex
• Futures are only available to U.S. residents while CFDs are not available for U.S. residents.

Futures trading on Plus500 provides access to commodity futures, stock index futures and currency futures, allowing traders to speculate on future price movements with leverage. The platform offers real-time data, advanced charting tools and risk management features, but lacks MT4/MT5 integration and automated trading tools that more seasoned traders may find useful.

While the futures market is inherently complex, Plus500 keeps the interface simple and accessible, making it an appealing option for US traders who want exposure to futures contracts — particular those first setting out or looking for a mobile application to trade from anywhere. Serious futures day traders may prefer a more specialized platform with deeper customization options.

Fees: Trading fees are charged as per-contract commissions (typically $0.89 per Standard & E-Mini contract and $0.49 per Micro contract per side), with no separate platform or data fees.

Why we picked it: Benzinga enjoys how Plus500 helps investors build multi-asset portfolios that can be tasked to save for the future, produce income now or something in between, including its intuitive interface and rich cache of information.

3. Best for Beginners: Robinhood

Best For

Commission-Free Mobile Trading

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Best For

Commission-Free Mobile Trading

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Robinhood is a popular trading platform known for its commission-free trades and user-friendly mobile app. Ideal for novice investors, Robinhood makes it easy to buy and sell stocks, ETFs and cryptocurrencies. The platform offers a straightforward, no-frills experience, making it accessible for users new to investing. With features like fractional shares and a sleek interface, Robinhood lowers the barriers to entry for investing, allowing users to start with just a few dollars. It lacks the advanced tools and research options that more experienced investors might seek. Overall, Robinhood is a great choice for beginners seeking a simple way to invest.

Best For

• Beginners looking for simplicity
• Mobile-first investors
• Commission-free trades

Pros

• User-friendly mobile app
• Instant double
• Cash management
• Access to cryptocurrencies

Cons

• Limited research tools
• No mutual funds available
• Basic customer support options

Robinhood is a user-friendly brokerage platform that offers commission-free trading for stocks, options and cryptocurrencies. With no minimum investment requirement, it’s particularly appealing to new investors.

Fees: Robinhood offers $0 commission for U.S. stocks and ETFs online, but regulatory‐and‐exchange fees (such as the SEC/TAF fee) still apply on sell orders, and index-options may incur per-contract fees.

Why we picked it: Robinhood offers a unique feature called “fractional shares,” allowing users to invest in partial shares of expensive stocks, making it accessible for investors with limited capital to diversify their portfolios.

4. Best for Multi-Asset Leverage Trading: PrimeXBT

Best For

Active Traders

Overall Rating

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Active Traders

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PrimeXBT, founded in 2018 and opened in 2019, is a multi-asset brokerage that features up to 100 times leveraged trading on the most popular cryptocurrencies and stock indices, and up to 1,000 times leverage on forex pairs and commodities. The experience is broken down between dynamic crypto futures trading and CFDs for traditional assets. The brokerage also charges dynamic fees that decrease to as low as 0.001% as your balance grows.

The platform features a few trading products to serve all of your needs, including the flagship PrimeXBT crypto futures platform, which offers comprehensive trading tools, an educational platform called PrimeXBT Trading Academy, weekly trading competitions, and the Covesting copy trading module, which allows you to copy strategies and invest alongside other experienced traders of your choice. All trading aspects of the trading platform feature a modern and sleek customizable user interface.

PrimeXBT requires KYC in the same way as other brokerages do. The platform boasts a plethora of safety features to ensure the security of your funds and account. Some features include 2FA, manual withdrawal clearance, crypto address whitelisting and cold storage of digital assets.

Best For

• Traders who are looking to maximize their profits
• Active traders
• Traders of any level
• Traders who prefer anonymity
• Traders who want to diversify their portfolios across different asset type
• Traders who want good customer support — 24/7 live chat feature in 16 languages

Pros

• Multi-asset platform (forex, crypto, indices, commodities, share CFDs) under one account (Crypto Futures, PXTrader, MT5)
• FSCA-authorized entity in South Africa (FSP 45697), plus additional global licenses
• 0% commissions on CFDs (spread-only) with competitive, variable spreads
• High leverage options (up to 1:2000 on MT5 forex; up to 1:500 on Crypto Futures) — for experienced traders
• TradingView-powered charts and advanced technical analysis; interface customization and alerts
• Flexible funding and settlement in fiat or crypto (USD, USDT, USDC, BTC, ETH) with broad payment rails
• Free demo account, weekly trading contests, and a Rewards Center with bonuses/cashback
• Native mobile apps (iOS/Android) with full trading, funding, and account management

Cons

• Not available to clients in the U.S. or Canada; additional regional restrictions apply
• Variable product/payment availability by jurisdiction; some features may be limited locally
• Leverage and derivatives carry high risk (financing every 8 hours on futures; overnight fees on CFDs)
• Spreads are not fixed and can widen during volatility/liquidity gaps
• Crypto withdrawals incur network fees; higher withdrawal limits typically require account verification

PrimeXBT is a global multi-asset trading platform offering both crypto futures and CFDs across traditional markets. Users can fund accounts with crypto or fiat, trade through PXTrader, MetaTrader 5, or the web platform, and access leverage up to 1:500 on crypto and higher on major forex pairs. Advanced charting via TradingView, flexible settlement options, and a free demo account make it a versatile choice for experienced traders looking to consolidate their activity in one platform.

Fees: Crypto Futures from 0.01% (maker) / 0.045% (taker); CFDs on PXTrader/MT5: 0% commission (spread only).

Why we picked it: PrimeXBT stands out for its breadth of assets, flexible funding options, and competitive trading conditions that allow users to diversify across crypto and traditional markets in one place. The combination of high leverage, professional tools, and seamless cross-market access makes it a compelling eToro alternative for non-U.S. traders.

5. Best for Active Forex Traders: FOREX.com

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Overall Trading Experience

Pairs Offered

80

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Disclosure: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% to 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. This is an independent review and has not been influenced by the broker. FOREX.com has only provided general information about its services and offerings to ensure factual accuracy. All opinions expressed in this review are solely those of the reviewer. The products and services available to you will depend on your country of residence and the FOREX.com entity that holds your account, as well as any as well as any applicable regulatory guidelines. To verify the availability of any products or features within your country of residence, please contact the broker directly

Account Minimum

$100

Pairs Offered

80

1 Minute Review

FOREX.com is a highly trusted global broker for forex and CFD traders. With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX.com is an excellent choice for traders searching for a home base for their currency trading. New traders and seasoned veterans alike will love FOREX.com’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels.

FOREX.com is regulated by Commodity Futures Trading Commission (CFTC) and member of the National Futures Association (NFA) in the U.S. They also are regulated by the Financial Conduct Authority (FCA) in the UK among other regulators including CIRO, ASIC and more.

Best For

• MetaTrader 4 and 5 users
• Beginner forex traders
• Active forex traders
• Demo account
• Customizable charts with 14 time intervals and multiple time charts

Pros

• Up to 5% cash back of the initial deposit
• 80+ technical indicators
• Leverage available up to 50:1 for U.S. traders
• Exclusive trading tools including Trading Central, NinjaTrade and Performance Analytics
• Trade to your full capability with the mobile app
• Live market analysis, VPS hosting, IRA accounts, corporate accounts, RAW pricing
• EUR/USD spread as little as 0.0 and low commissions
• 30 indicators for technical analysis, nine timeframes and graphical objects such as Line Studies and Shapes on MT4
• Quality execution with one-swipe trading, real-time trade & order alerts and full account management features

Cons

• No negative balance protection for U.S. clients
• No guaranteed stop-loss orders for U.S. clients

FOREX.com is a leading forex and CFD broker offering traders competitive spreads and robust trading platforms like MetaTrader 4/5, NinjaTrader and TradingView. They offer a wide range of over 80 currency pairs along with commodities, indices and cryptocurrencies. 

Fees: Spreads starting from 1.0 pips on “Standard” accounts; with “commission” accounts you may see lower spreads (as low as 0.2 pips)

Why we picked it: FOREX.com users will benefit from real-time data, advanced chartings tools, market analysis and various educational resources such as webinars and tutorials to enhance trading skills. FOREX.com caters to both beginners and experienced traders.

6. Best for Active Traders: Webull

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Active Traders

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Active Traders

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Webull is a commission-free trading platform designed with both beginner and advanced investors in mind. Offering an extensive range of assets like stocks, ETFs, and futures, Webull makes it easy for users to manage their investments through a highly intuitive interface. With educational resources, paper trading options, and no minimum account balance required, Webull caters to those looking to start investing without high upfront costs. The platform’s mobile app ensures that users can trade anytime, anywhere, making it a flexible choice for those with busy lifestyles. Webull’s customer service options are limited, and the platform may feel overwhelming to those completely new to investing.

Best For

• Commission-free trading
• Mobile and desktop trading
• Beginners and experienced traders alike

Pros

• No commissions on trades
• Extensive range of tradable assets
• Easy-to-use mobile app

Cons

• Limited customer service options
• Learning curve for complete beginners

Webull is a commission-free brokerage platform that offers trading for stocks, options and cryptocurrencies. Webull’s mobile app, launched in 2018, has gained popularity for its user-friendly interface and features like paper trading, which allows users to practice strategies without risking real money.

Fees: Webull offers $0 commission for U.S. stocks and ETFs online; other fees such as regulatory/transaction fees may still apply, and options/futures trades may incur contract fees

Why we picked it: The Webull platform offers advanced charting tools and real-time market data, catering to both new and experienced traders looking for in-depth technical analysis capabilities.

7. Best for Fund Investing: Charles Schwab

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Fund Investing

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Fund Investing

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Charles Schwab is a solid choice for traders of all skill levels. It offers full access to the U.S. equity and options markets as well as 30 international markets. Traders can create a diverse portfolio with $0 commissions and no account minimums. Schwab’s margin trading is expensive but Schwab makes up for it with affordable futures and options trades, along with a comprehensive mobile offering.

Best For

• 3 trading platforms perfectly in sync makes matching your platform to your skill level a snap
• Excellent futures trading education for new traders
• $0 account minimum means anyone can start trading

Pros

• Wide range of available assets to trade, including futures and 30 global markets
• SmartStreet Edge platform is powerful enough for advanced traders, yet easy enough for new traders to utilize
• Unique educational resources (like infographics and podcasts) make learning fun

Cons

• Margin rates are more expensive than competitors
• More limitations on available margin than competitors
• Expensive mutual funds

Charles Schwab is a brokerage platform that offers a wide range of investment products, including stocks, bonds, ETFs and mutual funds. Charles Schwab has no account minimums, making it an excellent choice for new investors who want to start small.

Fees: Schwab offers $0 online commissions on U.S.-listed stocks and ETFs; for options trades online it charges $0 base commission plus $0.65 per contract (regulatory/exchange fees may still apply).

Why we picked it: Unlike eToro’s social trading focus, Charles Schwab provides more comprehensive research tools and educational resources to support informed decision-making.

8. Best for Stock Research: Fidelity

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Stock Research

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Stock Research

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Fidelity is a comprehensive and responsive brokerage suitable for both new and experienced traders alike. With complete access to the full U.S. stock and options markets, a set of state-of-the-art education and research tools, as well as a wide fee-free fund selection, Fidelity is equally useful for the veteran swing traders to novices opening their first accounts. Mobile traders will be especially happy with Fidelity’s app, which mirrors full capabilities of the platform. Though there isn’t much to criticize about Fidelity, the broker does have a few areas where it can afford to improve. Margin rates are significantly higher than most other brokers, especially for traders borrowing less than $25,000. It also doesn’t offer any access to the futures markets. Despite these minor flaws, Fidelity remains a strong choice for most investors.

Best For

• Easy-to-navigate yet functional platform strikes the perfect balance between expert tools and comfort for beginners
• Mobile trading app is fully-optimized and mirrors full functionality of the desktop platform
• Wide range of education and research options make learning more about securities and the market easier and less time-consuming

Pros

• Complete range of both independent and managed services available at exceptionally affordable prices
• Offers access to both domestic markets and 25 foreign markets, as well as a wide range of options contracts and over 10,000 mutual funds
• Mobile app that is well-integrated and works just as well as the desktop platform
• Wide selection of education tools and resources available free of charge

Cons

• Margin rates higher than many other competing brokerages
• No access to futures trading
• High fees for buying a non-Fidelity mutual fund (with over 3,300 fee-free funds available)

Fidelity provides a more traditional brokerage experience with a strong emphasis on research and educational resources. The platform caters to both novice and experienced investors, with a wide range of assets including stocks, ETFs, mutual funds and retirement accounts.

Fees: $0 commission on most US stock and ETF trades

Why we picked it: Fidelity’s competitive pricing structure, including zero-commission trades on many products, makes it an attractive option for cost-conscious investors.

How to Find the Right Alternative to eToro

To choose the right eToro alternative, consider the following factors:

• Trading options: Determine which assets you want to trade (stocks, cryptocurrencies, forex, etc.) and ensure the platform offers them.
• Fees: Compare commission structures, spreads and other costs across platforms.
• Regulation: Verify the platform is regulated in your jurisdiction for security.
• User interface: Look for an intuitive platform that suits your experience level.
• Research and analysis tools: Evaluate the quality of charting tools, market analysis and educational resources.
• Copy trading: If this feature is important to you, check which platforms offer it.
• Deposit and withdrawal options: Ensure the platform supports your preferred payment methods.
• Customer support: Look for responsive customer service with multiple contact options.
• Mobile app: If you plan to trade on-the-go, test the mobile app’s functionality.
• Demo account: Try out platforms with demo accounts before committing.

Choosing the Best eToro Alternative

If you’re looking for an eToro alternative, you can pick from several options. Robinhood and Webull are both excellent choices for new investors who want to start small, while Charles Schwab and Fidelity offer a wider range of investment options and more advanced trading tools. Ultimately, the best eToro alternative for you will depend on your specific investment needs and preferences. By considering the pros and cons of each platform, you can make an informed decision and find the best brokerage platform for your needs.

Frequently Asked Questions

The post Best eToro Alternatives in May 2026 by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.

The IRS (Internal Revenue Service) has multiple ways to identify whether you’re earning rental income, even if you don’t report it yourself. From tax documents and property records to online rental listings and payment platforms, the agency uses sophisticated data-matching systems to detect unreported income. Whether you rent out a property full-time, list it occasionally on Airbnb, or receive rent payments directly from tenants, the IRS can track it through various channels.

Understanding how the IRS monitors rental income is essential to stay compliant, avoid penalties, and ensure your taxes are filed correctly. This guide explains the key ways through which the IRS identifies rental income.

What is Rental Income According to the IRS?

According to the IRS, rental income is any payment you receive for the use or occupation of a property. You may deduct the property’s expenses from your gross rental income in the year you pay the expenses.

Here’s an example: You rent an apartment for $800 per month. In addition, you receive a security deposit from the tenants of $800 and additional fees of $50 per month for maintenance. Expenses related to this property include a mortgage payment of $400 per month, insurance, landscaping fees, and property taxes.

You may deduct the first three expenses from your rental income. For property taxes, you may deduct any property tax paid on the property during a vacancy period. If you also had to repair the furnace for $1,000, you may deduct this expense from your rental income as well.

How Does Rental Income Reporting Work?

Individual taxpayers must report rental income on their return for the year they receive it. That means you’ll include rental income on your individual income tax return. While you can deduct appropriate expenses, it’s your responsibility to report the rental income.

If you don’t, the IRS can get rental income information from routine tax audits, real estate paperwork, public records, and whistleblower information. If you don’t report rental income, you could face accuracy-related penalties, civil fraud penalties, or possible criminal charges.

How Does the IRS Track Rental Income?

The IRS tracks rental income from various sources and uses this information to verify your individual income tax return. Not claiming rental income on taxes is a reason to be flagged for an IRS audit, and if you report incorrectly, you’ll have to pay fees or other penalties. How does the IRS catch unreported rental income? Common sources of rental income information for the IRS include:

Schedule E on Form 1040

You must report rental income directly to the IRS using Schedule E on Form 1040. The IRS matches data from these forms with other sources, such as landlord reports, third-party reporting services, and real estate information.

Tax Audits

Failure to report income, including rental income, is one of the biggest reasons for a tax audit. During a tax audit, the IRS reviews and examines individual accounts and finances to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct. Of course, this will also turn up any unreported rental income.

IRS Automated Underreporter Program

As the name suggests, this partially automated program matches your tax return against information gathered by the IRS. This extensive information includes returns and schedules that are much more detailed than W-2 and 1099 forms.

Loan or Refinance Applications

Loan or refinance applications are available to the IRS. If you were approved for a loan, this could suggest an additional property purchase that may be used as a rental property.

Property Tax Records

If you own additional properties beyond your primary residence, this will show in property tax records and is available to the IRS. It will compare your individual income tax return with property tax records. If you don’t report rental income, this can become a discrepancy.

IRS Whistleblower Office

According to the IRS website, its Whistleblower Office “pays monetary awards to eligible individuals whose information is used by the IRS.” This award varies but can range from 15% to 30% of the proceeds collected based on the whistleblower’s information. That is a big incentive for informants to suggest that the IRS check whether you report rental income. If your after-expenses rental income is $2,000 per month, the whistleblower could gain $3,600 to $7,200.

Common Mistakes to Avoid When Reporting Rental Income to the IRS

Ready to ensure you accurately report all rental income to the IRS? The consequences of these mistakes, including fines and penalties, can be avoided with accurate, careful reporting. Here are the most common mistakes taxpayers make when reporting rental income and how to avoid them:

Failing to Report All Income

The most obvious mistake is failing to report all income. You must include fees, deposits, and all other income received related to the rental property. Then, double-check numbers to ensure you didn’t miss a zero or accidentally only reported part of the year.

Deducting Expenses that Aren’t Allowed

You may only deduct expenses that are exclusively related to renting out your property. You can’t add on personal expenses. For example, you may deduct landscaping expenses or repair expenses of the rental property, but you cannot deduct the same expenses for your primary residence.

Failing to Keep Accurate Records

Failing to keep accurate records of rental expenses and income can make filing accurate tax returns difficult. You’ll need to go back and gather all the correct information. Otherwise, taxpayers risk filing inaccurate returns and having to pay associated penalties and fees.

Misreporting Depreciation

Taxpayers may file an incorrect basis depreciation and calculate depreciation inaccurately on an annual basis. If you incorrectly report depreciation, you must file Form 3115 to correct the depreciation error and may need the help of a certified public accountant to ensure correct depreciation calculations.

Improperly Designating Personal Use

If you use the rental property for a vacation or other personal use, you cannot deduct any expenses from the time you occupy the property. In addition, according to the IRS, you use a rental property as a private dwelling if you use it for more than 14 days or 10% of the total days you rent it to others at a fair price in a given year. That means if you stay in the rental property for two months each summer, it’s considered a private dwelling, and you won’t be able to take the same deductions.

Reporting Rental Income Accurately

Rental income can be a powerful additional income stream that can give you financial freedom. Protect yourself and your income by setting up systems to report all income accurately. For those wondering, “Can I get away with not paying tax on rental income?” The answer is a strong no. But you can simplify reporting and management.

It’s worth getting an app or tracking software to record all rental income and expenses to stay ahead of reporting rental income. When tax time rolls around, you’re prepared. With a little planning, you’ll be ready to avoid common rental income reporting mistakes while enjoying long-term financial growth from real estate investments.

Frequently Asked Questions

The post How Does The IRS Know Whether I Have Rental Income? by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.

Prop trading and hedge funds are both active investment approaches, but they differ in purpose, structure, and strategy. Proprietary trading (prop trading) involves firms or individual traders using their own capital to trade stocks, forex, options, or other financial instruments for direct profit. In contrast, hedge funds pool money from outside investors and manage it on their behalf, charging management and performance fees.

While prop trading is focused on short-term market opportunities and high-frequency strategies, hedge funds often take a broader, long-term approach with diverse strategies such as long/short equity, global macro, or event-driven plays. Understanding these differences helps investors and traders decide which path aligns better with their goals, risk tolerance, and resources.

What is Prop Trading?

Prop trading, which stands for proprietary trading, occurs when a financial institution uses the firm’s capital to generate profits. It allows traders to invest in various assets such as currencies, stocks, and bonds. Proprietary trading includes risk and is subject to rules and regulations.

Experienced traders make speculative trades in a prop trading account related to a brokerage or hedge fund. Prop trading firms allow knowledgeable traders to access significantly larger amounts of capital for trading-related purposes. To profit, traders usually take a portion of the commission from successful trades.

What is a Hedge Fund?

Hedge fund managers use a wide range of strategies to create profit for clients, including trading with leverage. They need to keep clients happy, which hamstrings them a bit more than prop traders, who need to satisfy the company’s profit targets. Hedge funds are actively managed, and funds are pooled from investors to make a profit.

Hedge funds carry risk, and if you invest in them, you place trust in hedge fund managers. The best hedge fund managers create a strong reputation to build trust and capability with investors.

Differences Between Hedge Funds and Prop Trading

Hedge funds and prop trading function in fundamentally different ways. Some of the main differences between them are:

Capital Funds

Prop trading firms provide the capital necessary for traders to invest. In contrast, hedge funds obtain funds from various sources such as private investors, corporations, and other third parties.

Varied Fees

Hedge funds follow a “two and twenty” fee structure — a 2% charge for assets under management and a 20% performance fee. Many hedge funds have lowered or changed their fee structures to remain competitive.

On the contrary, prop firms function using a different structure and split the profits traders make. For example, prop firms take a portion of the profits made by a trader and charge initial application fees and deposit charges.

Accountability Structures

Hedge funds are more accountable to clients because they use client money and third-party sources to make trades. In contrast, prop trading firms provide traders with the firm’s capital to make trades. Prop trading shifts the accountability structure by providing traders with capital.

In addition to investor accountability, prop trading firms and hedge funds follow different regulations. For example, prop trading firms experience less regulation than hedge funds.

Risk Differences

In terms of risk, proprietary trading comes with a higher risk because traders are using the firm’s capital to trade. It’s common for prop trading firms to engage in riskier behavior, such as using leverage and investing in options. Although hedge funds also engage in risky investments, they actively practice risk management to protect the fund and investors.

Similarities Between Prop Trading and Hedge Funds

Prop trading and hedge funds use similar strategies and strive to mitigate risk. A few similarities between them include:

Goal to Create Profit

The key reason prop trading and hedge funds exist is to make a profit. The two use different funding strategies but ultimately aim to increase their financial positions. To encourage profits, prop trading firms and hedge funds have created attractive incentive plans while lowering trading-related fees.

Use Similar Strategies

Within the realm of investment funds, prop trading firms, and hedge funds can use similar strategies and tools.

Strive to Mitigate Risk

Trading firms and hedge funds invest time and resources into mitigating risks. Risk mitigation can come in the form of setting guidelines and regulations or encouraging diversification. To decrease risk, prop trading firms and hedge funds strive to provide information and trading tools.

Compare Top Hedge Funds and Prop Trading Firms

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Futures Traders

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Futures Traders

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Apex Trader Funding is a proprietary trading firm that gives traders access to firm capital after completing a one-step evaluation. Known for its generous profit split, wide range of account sizes (from ~$25,000 up to ~$300,000), and flexible rules (no daily drawdown in many plans, ability to trade holidays or news events), it aims to remove many of the common roadblocks in prop trading.

However, along with its strong benefits come trade-offs: monthly fees, strict risk and drawdown rules, occasional complaints about payout denials or rule changes, and other elements that require careful reading. In this review, we’ll explore how Apex works, what it offers, what to watch out for, and whether it’s a good choice for different types of traders.

Best For

• Beginner future traders looking to gain experience, knowledge, and access to trading resources
• Experienced traders seeking access to capital or funding to explore the futures market and maximize profitability
• Active day traders seeking flexibility regarding trading strategies and the ability to spread risk across multiple accounts
• Futures day traders seeking prop firms with simplified risk management strategies and minimal trading complications
• Prop traders seeking consistent income streams and value prop firms with regular payouts

Pros

• Streamlined one-step evaluation
• Excellent profit split or payout
• No total cap on the maximum payout
• Relaxed trading rules and allows holiday and news trading
• Solid reputation across the board
• Considerably cheaper than most other prop firms, they often offer deals, for $16.70 you can get $50k accounts (normally $167)
• No daily drawdown
• Available in over 150 countries
• Trade on your schedule – no consecutive trading day rules
• Allows you to copy trade up to 20 accounts

Cons

• Only supports future tradings
• Doesn’t support cross session trading

Best For

Fast Payouts For Futures Traders

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Fast Payouts For Futures Traders

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Futures trading provides investors and speculators an excellent opportunity to hedge and minimize portfolio risk while profiting from commodity price fluctuations. However, futures are complex instruments and like all speculative markets, they’re inherently risky. Suppose you’re a beginner or experienced investor seeking robust capital to optimize your futures trading strategy and build wealth via efficient risk management. My Funded Futures (MFFU) is your go-to prop firm to help you actualize your dream. Proprietary trading firms provide prop traders with the capital and software resources required to excel in the financial market for a share of the trader’s profits.

Unlike most prop firms, MFFU not only grants you access to capital, trading resources and risk management tools but also provides you with the expert guidance needed to navigate the complexities of the futures market and enhance your returns. Besides its straightforward one step evaluation, MFFU’s transparent and affordable fees, solid payout ratios, fast withdrawal and efficient customer support solidify it as one of the best futures trading prop firms. The company offers you access to multiple cutting-edge trading platforms and the potential to manage up to $600,000 in capital and generous profit splits (up to 90%) make it attractive for both beginners and experienced traders.

Best For

• Undercapitalized and beginner futures investors or traders seeking accessible trading capital and requisite resources to kickstart futures trading
• Experienced and seasoned futures investors or speculators seeking robust capital to optimize their futures trading strategies and maximize earnings
• Futures prop traders seeking to take advantage of prop firms offering multiple powerful trading platforms, straightforward one-step evaluation without max or min trading days, free access to level 1 data and generous profit payouts

Pros

• Initial profits up to $10,000 beyond the buffer zone are entirely yours, followed by a generous 90% profit split after that
• Straightforward and single-phase evaluations with relaxed rules, including no minimum or maximum trading days and no daily loss limit
• Transparent pricing, including activation and reset fees — unlike other prop firms, MFFUs is very upfront about its charges, and there are no hidden fees
• Round-the-clock and efficient customer support via multiple channels
• Multiple cutting-edge trading platforms (Tradovate, TradingView and NinjaTrader)
• Supports multiple futures trading assets across multiple futures exchanges or clearing houses, including CME, CBOT, COMEX and NYMEX
• There are no scaling and consistency rules for the Expert account
• Lower all-in costs for traders and flexible evaluation timeframe

Cons

• Few to no educational resources to enhance learning, especially for beginner futures traders
• Consistency and scaling rules on the Starter model can be restrictive
• It does not support EA, automated trading strategies or copying

Best For

Experienced Traders

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Best For

Experienced Traders

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1 Minute Review

FXIFY is a proprietary trading firm offering qualified traders and investors up to $400,000 in proprietary funds after passing a series of trading assessments.  Traders can then scale their account up to $4 million with profit sharing splits as high as 90%.   FXIFY offers two assessment program options to get funded, including a One-Phase and Two-Phase series.  Each assessment has its own unique terms and conditions which gives traders more flexibility based on their trading needs.  FXIFY prop accounts are available on MT4 and MT5, the most popular trading platforms in the market, via their exclusive partnership with FXPIG, a multi-asset retail brokerage established in 2010.  

Traders using FXIFY can take advantage of commission free trading across a wide selection of products including Forex, Stock Indices, Precious Metals including Gold and Silver, and more.  Traders also can take advantage of tight spreads, including no trading restrictions, with customizable leverage.  FXIFY also allows traders using automated strategies and Expert Advisors (EAs) to trade at their prop firm, as long as they are unique strategies developed by the client.  

Best For

• Experienced traders looking for prop funding access with an established broker
• Traders using Expert Advisors (EAs) and automated strategies
• Traders who trade using MT4 or MT5
• Traders who prefer no commission trading

Pros

• Instant payouts on demand
• No consistency rules or trading restrictions
• Unlimited trading days
• Expert Advisors (EAs) allowed
• Backed by FXPIG, a multi-asset broker established in 2010.
• 125% refund of assessment fee upon requesting first payout
• Access to MT4 and MT5

Cons

• Minimum assessment fee of $175, which might be high for newer traders

Best For

Stock Traders

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Best For

Stock Traders

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Trade The Pool (TTP) is a prop trading firm focused on stocks, offering traders capital up to $6 million. Its key features include risk-free trading with no personal capital required and a profit split of up to 80%. Traders can choose from various evaluation programs, which allow them to qualify for funding based on their performance. The platform emphasizes trader growth and development, providing real-time trading data and tools. Overall, it’s a promising option for those looking to trade stocks with leverage in a risk-mitigated environment.

TTP was founded in 2022 by Five Percent Online Ltd, the operators of The5ers — a time-tested, highly reputed and well-respected prop trading firm established in 2016.
Trade The Pool offers a unique funding solution for all types of stock traders, and a partner of some of the most leading companies in the industry.

Best For

• Day traders
• Swing traders
• Professional or expert traders
• Traders dealing in stocks and contracts for difference (CFDs)
• Inexperienced traders

Pros

• Unlimited buying power
• 14-day free trial
• More the 12,000 stocks and ETFs to trade
• Incredible program features like start over button and redemption fees
• Exquisite and insightful trading dashboard
• Excellent content and educational resources
• Withdraw profits and scale up your funded account at the same time
• Free subscription for Trade Ideas or TrendSpider or Bookmap
• Get a free month with TraderSync
• Great opportunity to grow or hone your trading skills

Cons

• Unlimited buying power can create over-leveraging
• Primarily stocks and CFDs

Best For

Forex, Indices and Metal Traders

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Best For

Forex, Indices and Metal Traders

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The5ers is a proprietary trading firm that funds forex traders based on their performance in a structured evaluation process. Unlike traditional brokers, The5ers provides traders with capital to trade in exchange for a share of the profits. The firm offers different funding programs, including instant funding and challenge-based accounts, catering to various trading styles and experience levels.

With a focus on risk management and consistency, The5ers has gained popularity among forex traders looking to scale their accounts without personal financial risk. In this review, we’ll explore The5ers’ product offerings, customer service, fees, and other features, and whether it’s a good fit for aspiring funded traders.

Best For

• Experienced and beginner forex, indices and metal traders
• Traders with knowledge of the forex market but limited capital to invest
• Those experienced in MetaTrader 5 forex trading
• Scalpers and swing traders
• Traders willing to improve their trading performance

Pros

• One-time fee avoids the need to pay ongoing subscription costs
• Offers traders access to capital trading funds without a thousand-dollar deposit
• Large range of exclusive resources
• A program as a solution for every trader style and objectives
• Salary offer on high-stakes program
• Low-entry cost on Bootcamp program
• Fastest scaling plan on all programs

Cons

• No access to stock or ETF markets

An Investment Strategy to Meet Your Financial Goals

Overall, prop trading and hedge funds both involve a variety of strategies to make money. Prop trading is an investment vehicle that focuses on short-term gains and typically uses leverage to maximize profits. Hedge funds, on the other hand, may employ a wide array of strategies that seek to generate long-term returns.

Prop traders take risks by trying to outsmart the stock market in a short period of time, while hedge fund managers may take a more long-term view and be willing to wait out market cycles. Prop trading can be very lucrative, but the risks associated with it are also quite high. Hedge funds have lower risk levels, but may not provide the same potential for quick profits as prop trading.

Ultimately, both trading strategies offer unique opportunities for investors, who should carefully consider their goals and objectives before deciding which is best for their needs.

Frequently Asked Questions

The post Prop Trading vs. Hedge Funds by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.

A good cap rate is a key factor investors consider when evaluating the potential profitability and risk of a real estate investment. It reflects the expected rate of return based on a property’s net operating income relative to its purchase price. However, what’s considered “good” can vary widely depending on factors like location, property type, market conditions, and risk tolerance.

Understanding how to assess cap rates helps investors make smarter decisions and align their investments with their financial goals.

Why a Good Cap Rate is Important for Investors

Investors use the cap rate to compare commercial properties and gauge how much return they can expect from an investment. It is commonly used in property assessment for real estate investing. While there are other mathematical calculations and factors that need to be weighed before purchase, the cap rate offers an initial screening tool to gain insight into a property.

Cap rates are influenced by location, market size, asset stability, growth potential, and capital liquidity, making it a single encapsulation of many common real estate variables. You can calculate the cap rate on any property with a simple mathematical formula.

Capitalization Rate = Net Operating Income / Current Market Value

That means that if the net operating income on a property is $20,000 and its current market value is $300,000, the cap rate is:

$20,000 / $300,000 = 0.06 or 6%

Since cap rates are usually expressed as a percentage, this property’s cap rate would be 6%. This is considered a good cap rate. 

Many market analysts suggest that you should look for an ideal cap rate between 5% and 10%, but this varies by property type and location. A lower cap rate means you take on less risk but may take longer to recover the investment.

What is a Good Cap Rate for Rental Properties?

A good cap rate for a rental property varies by property type and location. While rental properties with a 5% to 10% cap rate are usually considered good, this can vary from investor to investor and region. It’s important to consider what a good cap rate is for a rental property in the specific location you’re considering. For example, average cap rates in major cities range from 4.80% in Los Angeles to 7.10% in Chicago for retail property rental space. 

What is a Good Cap Rate for Commercial Real Estate Investments?

A good cap rate for commercial real estate varies widely and is influenced by property type, location, and market conditions. Experts suggest that a good cap rate for real estate investment ranges from 4% to 10%. 

However, the higher the cap rate, the higher the risk. A cap rate above 7% may be riskier, whereas a cap rate below 5% can offer less risk. Common cap rates for commercial office space in major cities range from 5.10% in San Diego to 8.40% in Chicago. For industrial properties, the cap rate ranges from 4.40% in Orange County to 6.90% in Cleveland and 7.70% in Chicago. 

What is a Good Cap Rate for Multifamily Investment Properties?

Multifamily investment properties are influenced by unique market factors, demand, economic changes, and location. A good market cap rate for multi-family properties ranges from 3% to 10%, with higher percentages indicating additional risk with the possibility for higher returns. Cap rates for multifamily investment properties in major cities range from 3.60% in San Diego to 8.90% in Cleveland.

What is a Good Cap Rate for Single-Family Homes?

Single-family homes offer an even wider margin of good cap rates. In strong single-family markets, cap rates generally range from 4% to 6%. However, investors often look for ideal cap rates in the range of 8% to 12% to recover the investment more quickly. In the case of a 10% cap rate on a single-family home, this indicates the return of your investment within 10 years. 

What is a Good Cap Rate on Investment Property?

Investors typically look for properties with a 5% to 10% cap rate. However, the market, property location, property type, and other economic factors can all influence the ideal cap rate for a specific area and type of investment property. However, a 5% to 10% cap rate offers strong investment potential that balances returns and risk. 

Factors That Can Influence Cap Rates

Factors that typically influence cap rates include location, demand, and other economic factors. Here’s how each factor affects the single percentage you see as the cap rate:

Property Location

The location of the property is a significant factor in determining the cap rate. Properties in prime locations with high demand, strong economic growth, desirable amenities, and good transportation infrastructure tend to have lower cap rates due to higher property values and potential appreciation. Transitional or outlying neighborhoods will usually have a higher cap rate. 

Property Type

Different property types have varying cap rates. Commercial properties like office buildings, retail centers, or industrial warehouses often have different cap rates than residential properties like apartment complexes or single-family homes. The specific property type influences the risk profile, income potential, and market dynamics, thus affecting the cap rate.

Market Conditions

Overall, real estate market conditions are crucial in cap rate determination. Factors such as supply and demand dynamics, market trends, investor sentiment, and economic indicators impact cap rates. In a competitive market with high demand and limited supply, cap rates tend to be lower, whereas in a market with oversupply or weaker demand, cap rates may be higher.

Economic Factors

Economic factors like interest, inflation, employment, and GDP growth can influence cap rates. Higher employment volatility, fluctuating demand, higher tenant turnover, and leasing costs in these areas can all impact operating cash flow and lead to a higher cap rate. 

Lower interest rates tend to push cap rates down as borrowing costs decrease and investors accept lower returns. Conversely, higher interest rates can increase cap rates as investors demand higher returns to compensate for increased borrowing costs. 

Property Performance

The property’s performance, including rental income, operating expenses, occupancy rates, and lease terms, can impact the cap rate. Higher rental income and lower expenses result in a higher net operating income (NOI), which may lead to a lower cap rate. Factors like lease duration, tenant quality, and rental growth potential influence the property’s income stability and, consequently, the cap rate.

Optimizing Cap Rates

Understanding cap rates is a powerful tool for investors to assess a property’s income-generating potential quickly. However, it doesn’t replace a deeper assessment of individual properties, understanding ROI for the investor, or other financial analysis. Using the cap rate with deeper research and market understanding can help ensure successful real estate investing and strong financial growth.

Frequently Asked Questions

The post What is a Good Cap Rate in Real Estate Investing? by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.

Thanks to its booming economy, business-friendly policies, and steady population growth, Texas has emerged as a top destination for real estate investors. Known for its affordable housing, diverse industries, and high demand for rental properties, the Lone Star State offers opportunities for both short-term profits and long-term gains.

Cities like Austin, Dallas, Houston, and San Antonio consistently attract investors with their mix of job growth, cultural appeal, and housing demand. Whether you’re investing in multifamily properties, single-family homes, or commercial real estate, Texas provides a dynamic landscape for achieving your financial goals.

6 Best Real Estate Investment Markets in Texas

Let’s take a closer look at the best real estate investment markets in Texas.

Austin

Austin, the capital of Texas, is one of the fastest-growing cities in the United States. The city’s population has grown by over 30% in the last decade, and it shows no signs of slowing down. This population growth is driven by Austin’s thriving technology industry, which has attracted top talent from around the world.

Austin’s real estate market has been on the rise for the past few years. In addition, Austin’s low property tax rate and lack of a state income tax make it an attractive market for real estate investors.

Pros:

• Booming technology industry and strong job growth
• Attractive quality of life and strong cultural scene
• Strong rental market with high demand for housing

Cons:

• High cost of living and real estate prices
• Limited public transportation options

Dallas-Fort Worth

Dallas-Fort Worth is one of the largest metropolitan areas in the United States, with a population of over 7 million people. The region’s diverse economy, which includes industries such as healthcare, finance, and technology, has helped it weather economic downturns and maintain strong job growth.

Dallas-Fort Worth’s strong job market and business-friendly environment make it a great investment opportunity. In addition, the region’s low cost of living and lack of a state income tax make it an attractive market for real estate investors.

Pros:

• Large and diverse economy, including healthcare, technology, and finance industries
• Growing population and strong job growth
• Business-friendly environment and attractive tax benefits

Cons:

• High competition in the real estate market
• Limited public transportation options

Houston

Houston is the largest city in Texas and the fourth-largest city in the United States. The city’s diverse economy, which includes industries such as energy, healthcare, and aerospace, has helped it maintain strong job growth and attract top talent from around the world.

Houston’s real estate market has been on the rise for the past few years. The city’s strong job growth and business-friendly environment make it a great investment opportunity. In addition, Houston’s low cost of living and lack of a state income tax make it an attractive market for real estate investors.

Pros:

• A diverse and growing economy, including energy, healthcare, and aerospace industries
• Business-friendly environment and attractive tax benefits
• Affordable real estate prices

Cons:

• Vulnerable to natural disasters such as hurricanes and flooding
• Limited public transportation options

San Antonio

San Antonio is the second-largest city in Texas and one of the fastest-growing cities in the United States. The city’s population has grown by over 14% in the last decade, driven by its diverse economy and strong job growth.

San Antonio’s real estate market has seen steady growth over the past few years. The city’s strong job growth and business-friendly environment make it a great investment opportunity. In addition, San Antonio’s low cost of living and lack of a state income tax make it an attractive market for real estate investors.

Pros:

• Growing healthcare and bioscience industries
• Affordable cost of living and real estate prices
• Strong rental market with high demand for housing

Cons:

• Limited public transportation options
• Lower job growth compared to some other cities in Texas

Corpus Christi

Corpus Christi is a coastal city located in the southern part of Texas. The city’s economy is primarily driven by the oil and gas industry as well as the port of Corpus Christi, which is one of the largest in the United States.

Corpus Christi’s real estate market has been on the rise for the past few years. The city’s strong job growth in the oil and gas industry and its proximity to the Gulf of Mexico make it a great real estate investment market.

Pros:

• Growing oil and gas industry
• Affordable cost of living and real estate prices
• Beautiful coastal location

Cons:

• Limited job growth in other industries
• Vulnerable to natural disasters such as hurricanes

El Paso

The real estate investment market in El Paso is known for its affordability and strong rental market. With a cost of living that is below the national average and real estate prices that are relatively low compared to other major cities in Texas, El Paso offers a great opportunity for real estate investors who are looking for good returns on their investments.

The city’s growing healthcare and logistics industries have also contributed to the strong rental market and demand for housing. While El Paso may not offer the same level of job growth as some other cities in Texas, it’s still a great option for investors who are looking for more affordable real estate with stable rental demand.

Pros:

• Growing healthcare and logistics industries
• Affordable cost of living and real estate prices
• Strong rental market with high demand for housing

Cons:

• Limited job growth in some industries
• Limited access to some major metropolitan areas

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Arrived is a real estate investment platform that allows individuals to invest in rental properties with low capital. Founded in 2019 and backed by notable investors, Arrived enables fractional ownership of single-family rental homes, making real estate investing more accessible. With a fully managed approach, investors earn passive income without the responsibilities of property management. This review explores Arrived’s investment process, returns, fees, and overall suitability for different types of investors.

Best For

• Small- to medium-sized investors
• Investors interested in rental income
• Investors looking to diversify

Pros

• Buy-ins as low as $100
• Open to non-accredited investors
• Offers ownership shares in real property (and all the tax benefits)
• Multiple ways to earn dividends (rental income and property appreciation)
• Great way to diversify portfolio
• Open to self-directed individual retirement accounts (IRAs)
• Detailed analytics and data to help investors make informed decisions and maximize their returns

Cons

• Long hold periods
• No secondary market to liquidate shares

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Yieldstreet is an alternative investment platform that provides access to asset classes typically reserved for institutional investors. Founded in 2015, it offers opportunities in real estate, art, marine finance, legal finance, and more. By focusing on income-generating investments with varying risk levels, Yieldstreet aims to help individual investors diversify their portfolios and potentially achieve higher returns. This review explores Yieldstreet’s offerings, fees, returns, and overall suitability for different types of investors.

Best For

• Accredited investors looking to diversify
• Alternative investments to stocks and bonds
• Investors looking for passive income

Pros

• Easy-to-use platform
• Carefully selected offerings
• Excellent mobile app
• Full spectrum of alternative offerings
• Options for non-accredited investors

Cons

• Majority of investments only open to accredited investors

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Beginner Real Estate Investors

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Fundrise is an online real estate investment platform that allows individuals to invest in a diversified portfolio of commercial real estate properties. The platform pools investor funds and uses them to acquire, manage, and sell various types of real estate assets, such as apartment buildings, office spaces, and retail centers.

One of the key advantages of Fundrise is its accessibility to individual investors who may not have the capital or expertise to invest directly in real estate. By pooling funds together with other investors, Fundrise allows individuals to access a diversified portfolio of real estate assets without having to purchase properties on their own.

Fundrise also offers transparency to its investors. The platform provides regular updates on the performance of the portfolio, allowing investors to track their investments in real time. Additionally, Fundrise offers a user-friendly interface that makes it easy for individuals to invest and manage their portfolios online.

Best For

• New real estate investors looking to get their feet wet
• Non-accredited investors
• Real estate investors who want a “set-it and forget it”-oriented option
• Investors looking for low-to-moderate cost buy-ins

Pros

• Multiple offerings available to non-accredited investors
• Simple menu of investment options
• Can use for IRA contributions
• Incredibly affordable buy-ins
• Low, easy-to-understand investor fee schedule

Cons

• Extended hold periods
• Limited secondary market

Investing in Texas Real Estate

Texas offers a wide range of investment opportunities for real estate investors, with strong job growth, a business-friendly environment, and a diverse economy. The 6 cities we’ve discussed in this article offer unique investment opportunities with their own advantages and challenges. Investing in real estate can be a complex and challenging venture but with careful research and a solid investment strategy, you can achieve success in the Texas real estate market.

Frequently Asked Questions

The post Best Real Estate Investment Markets in Texas by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.

Investing in a Gold IRA can be a smart way to diversify your retirement portfolio and protect against inflation. However, as interest in precious metals grows, so does the number of scams targeting unsuspecting investors. Fraudulent companies use deceptive tactics such as hidden fees, overpriced coins, and misleading sales pitches to take advantage of retirees looking for a safe investment.

Understanding the common Gold IRA scams and how to spot them is crucial to safeguarding your hard-earned savings. In this guide, we’ll highlight the most common scams and provide tips to help you make informed investment decisions.

Beware of Gold and Silver IRA Schemes

Gold investments are popular thanks to their many benefits, such as diversification, a sustainable store of value, and a hedge against inflation. Unfortunately, the popularity of gold investments has also encouraged gold IRA scams.

Everyone needs to be alert because scammers are everywhere, and you never know when you can fall prey to their schemes. The best way to avoid this retirement fraud is to stay up to date on some of their tactics, explained below.

Bullion, Coins, and IRAs

Investors can buy two kinds of physical metals — bullion and collectible coins. Bullions are bars or coins with a certain purity and weight. Collectible coins, on the other hand, are old or rare coins.

A spot price represents the price at which an asset, such as a currency, security, or commodity, can be sold or bought immediately. Bullion prices might include a markup of 5% to 10% on spot prices in the market. Unfortunately, some dealers might entice unsuspecting customers to purchase collectible coins at a cost between 40% and 200% above the spot market price. These dealers try to convince the buyers that these coins will only increase in value because they’re rare.

Meanwhile, collectible coins do not have a liquid market because they are hard to value. Once the buyer realizes that it’s difficult to sell their collectible coins, they return to the dealer, who in turn buys back the coin at a price much lower than the initial selling price.

IRAs can only store certain bullion coins, such as silver, gold, platinum, and palladium coins, and some scammers try to increase their profits by inflating the monthly or one-time fees. As a result, customers have often lost a large portion of their investments to these fees.

Leveraged Accounts

A dealer might reach out to you advising that metal prices will soon skyrocket, claiming it is a rare chance to make a fortune even with a small investment.

Dealers might ask you to pay about 20% to 25% of the cost while their company finances the rest. Essentially, you’re borrowing to take the position (adding leverage), which can magnify gains or losses. Meanwhile, these deals involve high-interest charges and speculations that will likely make you lose your money.

In reality, gold prices are volatile, and once the value drops below a certain level, the company can ask you to deposit more money to avert possible losses. In other cases, like an insufficient balance, your account could be closed, and all funds could be lost.

Scams like this can be difficult to sniff out, so you should be careful. Once you notice that someone’s trying to pressure you to invest in gold or making unrealistically optimistic predictions, there’s a high chance that they’re scammers.

Also, if you want to use leveraged accounts, confirm that the entity (person or firm) is registered with the Commodity Futures Trading Commission (CFTC). If it isn’t, avoid using that firm.

Compare Premiums and Fees

Whenever you want to invest in gold, you should compare the price that the IRA firm is offering with the price of gold in the market. While the price of gold can be volatile, you shouldn’t pay for something that’s significantly lower or higher than the spot price.

Legitimate dealers will add a profit margin to the spot price because they need to make a profit from the service they’re rendering. However, these additional fees still need to be reasonable.

Overall, compare prices and do the research to confirm that you aren’t playing into the hands of scammers.

Signs of a Possible Fraudulent Sales Pitch

Scammers use fraudulent sales tactics to deceive unsuspecting investors. Here are some sales pitches you might come across.

• Rare Coin Valuation: Some scammers use emails to inform naïve or inexperienced investors that they have a rare coin they want to sell for thousands of dollars. They can also include pictures and request wire transfer payments. Once you transfer the money, they disappear, leaving you with no means to get your money back.
• Bait and Switch: You might receive an ad or an email about a deal that sounds too good to be true, like selling gold at a ridiculously low price. Once you start responding to the mail, the fraudsters try to get you to buy something different.
• Free Gold Scam: Fraudulent dealers can contact you, offering to create a gold IRA and promising you some gold to set you up. Some will promise you a guaranteed return on investment. However, once you invest, they run away with your money.

Possible Persuasion Tactics You May Experience

Some fraudsters can include buzz phrases in their sales pitches. If a dealer includes any of these words or phrases, chances are they are about to scam you.

• Guarantees: Scammers tend to guarantee a specific return on investment (ROI), and some might claim that the investment is risk-free. They say this knowing full well that there’s no risk-free investment.
• Few or Limited Coins: Some fraudsters can also try to scam you by announcing that there are only a few coins left, and you have to seize the opportunity before it gets too late.
• Once-in-a-lifetime Opportunity: Another common phrase you’ll hear among scammers is that the gold prices will skyrocket, and you only have a once-in-a-lifetime opportunity to make it big.

Find Trustworthy Gold IRA Firms

One of the safest ways to avoid gold IRA scams is to stick with reputable gold IRA firms. These companies usually help you set up your IRA and buy bullion or gold coins. You need to consider some factors before settling for a gold investment firm.

• Credibility: A legitimate gold IRA firm will have positive reviews on independent third-party sites, as well as verified review sites like TrustLink, Trustpilot, and Business Consumer Alliance.
• Experience: The more experienced a company is, the higher the probability it has a strong reputation for upkeep.
• Custodian: You should not invest in a gold IRA firm without confirming that it has an IRS-approved custodian. This custodian is a financial firm that performs administrative duties and investment activities for the IRA in order to keep it tax-deferred by the IRS.

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American Hartford Gold is a family-owned business based in Los Angeles, California. The organization is a market leader in precious metal investing. American Hartford Gold specializes in selling gold, silver, platinum, and palladium coins and bars and in helping its clients to set up Individual Retirement Accounts (IRAs) invested in precious metals.

Precious metals are popular investments during times of high inflation as investors look for a hedge against inflation. Gold and silver investments may not follow the same trends as stocks, making precious metal investing a potential safe haven.

American Hartford Gold offers investors the following services:

• Gold, platinum, palladium and silver investments
• Gold IRAs

Investors need an amount of $10,000 or more to start their retirement investment journey with American Hartford Gold. The company also assists investors looking to roll their current IRAs into gold IRAs. There are no taxes or penalties on either the trustee-to-trustee or 60-day rollover IRA options it offers. American Hartford Gold will buy back the precious metals when investors want to cash out.

Best For

• Investors looking for a hedge against inflation
• Retirement savers looking for tax benefits

Pros

• Quick & easy 3-step tax-free, penalty-free Gold IRA setup
• Same day IRA – fastest in the industry
• Ranked #1 Gold Company on the Inc 5000 List and A+ Rated on BBB
• Up to $15,000 in FREE silver on qualified accounts
• Lowest price guarantee, best ongoing promotions, no buy-back fees
• Wide range of investment-grade gold and silver products, including popular coins like American Gold Eagles and Canadian Silver Maple Leafs
• The company provides a wealth of information on investing in precious metals, including guides on the benefits of gold and silver investments

Cons

• Online catalog doesn’t show pricing
• No international shipping available outside of the U.S.

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Preserve Gold is a precious metals investment company that specializes in helping individuals diversify their portfolios with gold, silver, and other precious metals. With economic uncertainty and inflation concerns driving increased interest in tangible assets, Preserve Gold positions itself as a trusted partner for those looking to safeguard their wealth. In this review, we’ll take a closer look at the company’s offerings, reputation, pricing, and customer service to help you determine whether Preserve Gold is the right choice for your investment needs.

Best For

• Retirement investors seeking reputable and knowledgeable dealers for setting up Gold IRAs to safeguard their retirement savings
• Individual investors looking for a trusted and reliable precious metals source to diversify their portfolios and protect from inflationary pressures
• Experienced precious metal investors interested in expanding their catalogs and turbocharging their portfolio with a wide range of precious metals, including gold, silver, platinum, and palladium
• Novice investors seeking transparent and integrity-driven precious metal dealers to provide them with the guidance and support needed to understand the world of precious metals investing
• Those interested in acquiring precious metals for collections or decorative purposes may also benefit from the price appreciation

Pros

• Zero-pressure sales tactics, excellent Trustpilot reviews and no BBB complaints
• 24-hour satisfaction guarantee — cancel your purchase within 24 hours of completing the transaction and receive your money without penalty, regardless of the reason
• Competitive pricing — they can price-match or beat the price of their competitors
• Excellent buyback policy — zero liquidation fees for existing clients
• Lifetime account support from a dedicated precious metals specialist
• Extensive catalog of major precious metals, including gold, silver, platinum, and palladium
• Excellent educational resources, including ebooks, informational kits, and market outlook
• Reputable company whose executive team has 30+ years of combined experience streamlining precious metal investment
• Free, insured, and fast shipping within one week of payment clearance

Cons

• Limited fee information online — investors must call or fill out a form to get metal pricing
• US customers only

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Priority Gold is a precious metals investment company specializing in gold, silver, platinum, and palladium. It offers investors a way to diversify their portfolios through physical bullion purchases and self-directed precious metals IRAs. Known for its customer service and educational resources, Priority Gold aims to help both novice and experienced investors navigate the complexities of precious metals investing.

In this review, we’ll examine Priority Gold’s services, pricing, security, and overall customer experience. Whether you’re looking to hedge against inflation or secure long-term wealth, understanding the pros and cons of investing with Priority Gold can help you make an informed decision.

Best For

• Anyone seeking to set-up a Gold or Silver IRA or rollover
• Beginner gold and silver buyers looking for a transparent and integrity-driven precious metals company

Pros

• Reasonable and fair pricing
• Buy Back and Price Protection plans
• Insured and robust IRS-approved vaults/depositories for IRA gold and silver storage (3 years free storage for eligible accounts)
• An impressive selection of rare and widely held precious metals products, including IRS-eligible gold and silver coins
• Unconditional and zero-fee precious metals buyback or a repurchase program guarantee
• Accessible and responsive customer service personnel available across multiple channels including phone and email
• A+ Rated on BBB and 5 star rating on TrustLink
• Expert gold and silver consultancy services offered by certified precious metals specialists who provide comprehensive guidance and support
• An insured and expedited shipping process
• Excellent research and educational resources, including a free precious metals and IRA kit

Cons

• Gold and silver coins dominate the precious metals product selection; customers who prefer larger bullion bars, rounds, and other forms of gold and silver might consider looking elsewhere
• No live chat
• No platinum and palladium, unlike some of its competitors

Is a Gold IRA a Good Idea?

A Gold IRA can be a valuable addition to a diversified retirement portfolio, offering protection against inflation and economic uncertainty. However, it comes with risks such as high fees, price volatility, and liquidity challenges.

To determine if a Gold IRA is right for you, consider your financial goals, risk tolerance, and investment timeline. Working with a reputable company, understanding the costs, and staying informed can help you make a smart decision. While gold can serve as a hedge, it’s best used as part of a balanced investment strategy rather than as a sole retirement asset.

Frequently Asked Questions

The post Gold IRA Scams to Watch Out For by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.

Florida has long been a hotbed for real estate investment, offering a unique combination of economic growth, population influx, and high rental demand. Known for its sunny weather, booming tourism, and business-friendly environment, the Sunshine State consistently attracts both domestic and international investors.

Whether you’re eyeing single-family homes, multifamily properties, or vacation rentals, Florida’s diverse markets cater to a variety of investment strategies. With cities like Miami, Tampa, and Jacksonville leading the way, Florida offers opportunities to capitalize on appreciation, cash flow, and long-term growth. Here’s a look at some of the best real estate investment markets in Florida, and what makes them stand out.

6 Best Real Estate Investment Markets in Florida

Here is a list of six of the best real estate investment markets in the Sunshine State.

Miami

Miami is one of the most popular cities in Florida and the United States, with a diverse population and a thriving economy. The city’s real estate market has seen strong growth in recent years, with home prices increasing in double digits.

Pros:

• Strong tourism industry, which attracts millions of visitors each year
• Location as a gateway to Latin America and the Caribbean has made it a hub for international business and investment
• Diverse population and thriving economy

Cons:

• High cost of living and real estate prices
• Vulnerable to natural disasters such as hurricanes

Orlando

Orlando is known for its theme parks and tourist attractions, but it also has a strong and diverse economy. The city’s population has grown by over 20% in the last decade, driven by its thriving technology and healthcare industries.

Pros:

• Growing technology and healthcare industries
• Strong job growth and business-friendly environment
• Famous for its theme parks and tourist attractions, which bring in a lot of visitors

Cons:

• Heavily reliant on the tourism industry, which can be volatile
• High competition in the real estate market

Tampa

Tampa is one of the fastest-growing cities in Florida, with a growing population and a diverse economy. The city’s real estate market has been on the rise for the past few years, driven by its strong job growth and business-friendly environment, as well as its location as a hub for transportation and logistics.

Pros:

• Fastest-growing city in Florida
• Growing healthcare and technology industries
• Business-friendly environment and attractive tax benefits

Cons:

• Limited public transportation options
• High real estate prices in some areas

Jacksonville

Jacksonville is the largest city in Florida and one of the fastest-growing cities in the United States. The city’s diverse economy includes industries such as healthcare, finance, and logistics, and its population has grown by over 10% in the last decade.

Pros:

• A diverse economy, including healthcare, finance, and logistics industries
• Strong job growth and business-friendly environment
• Large and growing population

Cons:

• Vulnerable to natural disasters such as hurricanes
• High crime rates in some areas

Sarasota

Sarasota is a coastal city located in southwest Florida, known for its beautiful beaches and vibrant arts scene. The city’s real estate market has been on the rise for the past few years, driven by its strong tourism industry and its growing healthcare and education industries. The city’s beautiful weather and high quality of life also make it an attractive market for real estate investors.

Pros:

• Beautiful weather and high quality of life
• Growing healthcare and education industries
• Strong tourism industry

Cons:

• High cost of living and real estate prices
• Seasonal fluctuations in the tourism industry

Fort Lauderdale

Fort Lauderdale is a popular beach destination in south Florida, known for its beautiful beaches and lively entertainment scene. The city’s real estate market has seen steady growth over the past few years, driven by its strong tourism industry and growing technology and healthcare industries. The city’s business-friendly environment and attractive tax benefits also make it an attractive market for real estate investors.

Pros:

• Beautiful beaches and a lively entertainment scene
• Growing technology and healthcare industries
• Business-friendly environment and attractive tax benefits

Cons:

• Vulnerable to natural disasters such as hurricanes
• High real estate prices in some areas

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$100 Minimum Investment

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$100 Minimum Investment

N/A

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Arrived is a real estate investment platform that allows individuals to invest in rental properties with low capital. Founded in 2019 and backed by notable investors, Arrived enables fractional ownership of single-family rental homes, making real estate investing more accessible. With a fully managed approach, investors earn passive income without the responsibilities of property management. This review explores Arrived’s investment process, returns, fees, and overall suitability for different types of investors.

Best For

• Small- to medium-sized investors
• Investors interested in rental income
• Investors looking to diversify

Pros

• Buy-ins as low as $100
• Open to non-accredited investors
• Offers ownership shares in real property (and all the tax benefits)
• Multiple ways to earn dividends (rental income and property appreciation)
• Great way to diversify portfolio
• Open to self-directed individual retirement accounts (IRAs)
• Detailed analytics and data to help investors make informed decisions and maximize their returns

Cons

• Long hold periods
• No secondary market to liquidate shares

Best For

Diverse Range of Alternative Investments

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Diverse Range of Alternative Investments

N/A

1 Minute Review

Yieldstreet is an alternative investment platform that provides access to asset classes typically reserved for institutional investors. Founded in 2015, it offers opportunities in real estate, art, marine finance, legal finance, and more. By focusing on income-generating investments with varying risk levels, Yieldstreet aims to help individual investors diversify their portfolios and potentially achieve higher returns. This review explores Yieldstreet’s offerings, fees, returns, and overall suitability for different types of investors.

Best For

• Accredited investors looking to diversify
• Alternative investments to stocks and bonds
• Investors looking for passive income

Pros

• Easy-to-use platform
• Carefully selected offerings
• Excellent mobile app
• Full spectrum of alternative offerings
• Options for non-accredited investors

Cons

• Majority of investments only open to accredited investors

Best For

Beginner Real Estate Investors

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get started securely through Fundrise’s website

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Disclosure: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on Benzinga.com. All opinions are our own.

Best For

Beginner Real Estate Investors

N/A

1 Minute Review

Fundrise is an online real estate investment platform that allows individuals to invest in a diversified portfolio of commercial real estate properties. The platform pools investor funds and uses them to acquire, manage, and sell various types of real estate assets, such as apartment buildings, office spaces, and retail centers.

One of the key advantages of Fundrise is its accessibility to individual investors who may not have the capital or expertise to invest directly in real estate. By pooling funds together with other investors, Fundrise allows individuals to access a diversified portfolio of real estate assets without having to purchase properties on their own.

Fundrise also offers transparency to its investors. The platform provides regular updates on the performance of the portfolio, allowing investors to track their investments in real time. Additionally, Fundrise offers a user-friendly interface that makes it easy for individuals to invest and manage their portfolios online.

Best For

• New real estate investors looking to get their feet wet
• Non-accredited investors
• Real estate investors who want a “set-it and forget it”-oriented option
• Investors looking for low-to-moderate cost buy-ins

Pros

• Multiple offerings available to non-accredited investors
• Simple menu of investment options
• Can use for IRA contributions
• Incredibly affordable buy-ins
• Low, easy-to-understand investor fee schedule

Cons

• Extended hold periods
• Limited secondary market

Should You Invest in Real Estate in Florida?

Investing in real estate in Florida can be a rewarding opportunity for those looking to capitalize on the state’s economic growth, population expansion, and strong demand for housing. With diverse markets ranging from vibrant metropolitan areas to thriving coastal towns, Florida offers options for a variety of investment strategies, whether you’re seeking rental income, property appreciation, or vacation rental opportunities.

However, like any investment, it’s crucial to do your due diligence, understand local market trends, and factor in challenges such as rising insurance costs and weather-related risks. By aligning your investment goals with Florida’s market dynamics, you can position yourself for long-term success in the Sunshine State’s ever-growing real estate landscape.

Frequently Asked Questions

The post Best Real Estate Investment Markets in Florida by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.

If you’re a first time home buyer in Georgia, you’re probably filled with excitement, a little bit of anxiety and a whole lot of questions. The good news is it’s a great state to live in, and your options on the path to homeownership are plentiful. 

Unless you’re prepared to pay in cash (lucky you!) the first thing you need to consider when it comes to buying a home is a mortgage. A mortgage is a loan that allows you to purchase a home and pay for it over time. 

So how do you get a mortgage? There’s a huge playing field of lenders for first time buyers, each of which offers mortgages with different rates and terms — even some issued by the federal government. Here we dive into the process of applying for a mortgage and take a look at some of the best mortgage companies that serve Georgia to help you narrow down your choices. 

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The Best Mortgage Lenders for First Time Home Buyers in GA:

• Best for Online Loans: Rocket Mortgage®
• Best for Bank Statement Only Loans: CrossCountry Mortgage
• Best for Quick Closing: Citibank
• Best for Customer Service Availability: Flagstar
• Best for In-person Service: Bank of America
• Best for VA Loans: Veterans United

The Housing Market in Georgia: An Overview

Georgia has a lot to offer and it’s a wonderful place to call home. From small towns to large metropolis areas and suburbs, there are plenty of choices and price tags when it comes to homes. 

Total Households: 3,006,369

Median List Price: $244,900

3 most expensive cities in Georgia to buy:

• Roswell
• Atlanta
• Sandy Springs 

3 most affordable cities in Georgia to buy:

• Warner Robins
• Augusta-Richmond County
• Albany

Note: These rankings are based on cities with a population of at least 60,000. 

Preparing for a Mortgage

For many first time homebuyers, the process of applying for a mortgage feels overwhelming. It’s likely the biggest purchase of your life to date, and you want to do it right. The key is to know what you’re getting into and to prepare adequately. The following are some things to consider.

Credit score

Your 3-digit credit score is a big factor in a lender’s decision to grant you a mortgage, and if they do, they determine what the interest rate on that mortgage will be. The credit score used by most lenders is the FICO score. Scores range between 300–850, and the higher the better. They’re calculated based on 5 areas: amounts owed, payment history, new credit, length of credit history and your credit mix. 

You can easily obtain a copy of your credit report from each of the 3 major credit reporting agencies (Equifax, Experian and TransUnion), and sites like Credit Karma and Credit Sesame provides your credit score free. 

If your credit score is very poor (between 300–579), you may want to consider taking steps to improve it (such as paying off existing debt and paying your current bills on time consistently) before applying for a mortgage.

Down payment

The amount of your down payment also significantly impacts the terms of your mortgage. In most cases, lenders want buyers put down at least 20% of a home’s purchase price. There are, however, options like mortgages offered through the federal government that allow for smaller or even no down payments. 

Documents

When it comes to applying for a mortgage, you’re going to be asked for quite a bit of paperwork. Some things to gather in preparation include the following:

• Government-issued identification: Driver’s license or passport 

• Income verification: Paystubs (typically 30 days), W-2 forms (2 years’ worth) and tax returns 

• Debts and asset documentation: Bank statements and statements from any investment accounts and debts, including car loans, student loans and credit cards 

• Other items related to your personal circumstances: Divorce decrees or information related to bankruptcy and foreclosures

Mortgage Options

There are various types of mortgages, and your qualification depends on several factors, including your credit score, income and where you live. Here are the primary types:

Conventional mortgages

A conventional mortgage is one that’s not back by the federal government but through a private lender.

FHA loans

The Federal Housing Administration issues and insures a variety of loans for low- and moderate-income borrowers. They typically require lower down payments and closing costs and are easier to qualify for than conventional loans. 

USDA loans 

Similar to FHA loans, USDA loans are backed by the U.S. Department of Agriculture for home buyers in certain areas who meet the eligibility requirements. 

VA loans

The Department of Veterans Affairs provides home loans to those serving in the nation’s armed forces, as well as veterans and surviving spouses. 

Jumbo mortgages

The Federal Housing Finance Agency (FHFA) sets limits on home financing limits to help protect consumers. A jumbo mortgage is required if you want to purchase a home that requires a loan in excess of those limits. Because they carry a higher risk for lenders, the standards for qualification are typically more stringent.

$0 Down VA Loans for Veterans & U.S. Military

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First Time Home Buyer Programs in Georgia

In Georgia, there are several programs to assist first time homeowners. They include the following:

Georgia DREAM Program 

This program provides mortgage assistance to those who have liquid assets that are less than $20,000 or 20% of a home’s sales price (purchase price can’t exceed $250,00) and a household income of less than $87,500 ($76,000 if the household has less than three people.). 

Ready, Set, Go 

This program provides housing counseling to help home buyers in Georgia who don’t qualify under the Georgia Dream program.

Homestretch Down Payment Assistance Program

This program provides up to $7,500 in assistance to first time home buyers in Gwinnett County who meet the eligibility requirements. 

Current Mortgage Rates in Georgia

Mortgage rates are the amount of interest your pay on your mortgage, and they can significantly affect how much the mortgage costs you over the life of the loan.

Some mortgages are fixed, meaning you lock in the interest rate when you secure your mortgage, and it’s set for the life of the loan, no matter what happens in the market. Adjustable rate mortgages (ARMs) come with interest rates that fluctuate, so your payment may go up or down, depending on the market. With a 5/1 arm, your interest rate is set for the first 5 years, then after that the interest rate is adjusted each year. Typically, the interest rate on an ARM is initially lower than those of fixed-rate loans, but you also risk increases over the years. 

Interest rates change daily, so it’s important that you watch them when you begin thinking about buying your first home. You can use our free service to get a mortgage quote or if you’re thinking of refinancing an existing property, you can get a refinance quote. 

Closing a Mortgage

After you’ve found your dream house and done the paperwork, there’s still one final step — closing your mortgage. This what happens between the time a seller accepts your offer and the home officially becomes yours, and it’s dictated by the lender. 

The closing ceremony is where everything becomes official, and you’re officially responsible for your mortgage payments for the life of the loan from then on out. In Georgia, a licensed attorney must conduct the closing ceremony and will have prepared all the necessary documents. On the day of the closing, bring your identification and payment for the fees.

6 Best Mortgage Lenders in Georgia for First Time Home Buyers

Not all lenders serve all states. Fortunately, in Georgia, there are some great choices. Here are some of the best:

1. Best for Online Loans: Rocket Mortgage®

Best For

Online Mortgages

Minimum Credit Score

580

Get started securely through Rocket Mortgage (formerly Quicken Loans)’s website

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Avg. Days to Close Loan

30

Minimum Credit Score

580

1 Minute Review

Rocket Mortgage (formerly known as Quicken Loans) is one of the best mortgage lenders on the market, making it easy to apply for a home loan entirely online. Its streamlined preapproval process and quick access to customer service set it apart from other online lenders. Rocket Mortgage offers a large variety of mortgages and is backed by the largest mortgage lender, Quicken Loans. Whether you need help or know exactly what you’re looking for, Rocket Mortgage matches you with the right mortgage type and helps you quickly complete your online application.

Best For

• Homebuyers who are looking to complete the mortgage application process on their own
• Homebuyers who have found their dream home and are looking to move through the approval process quickly
• Homebuyers with good credit scores looking to review their mortgage options
• Current homeowners looking to refinance within the next few months

Pros

• Rocket Mortgage allows you to move at your own pace, guiding you through each step of the process. After you answer all the application questions, Rocket Mortgage lets you know if you’re approved and show your personalized mortgage recommendations
• You can submit checking and savings account information, tax returns and other financial documents online — a feature that sets Rocket Mortgage apart from online competitors
• RateShield allows you to lock in your Rocket Mortgage approved rate for up to 90 days
• The home loan application process can be completed in minutes, allowing you to find out if you qualify for a mortgage right away
• The online software allows you to navigate through the entire home buying process, from approval to home closing. Once you’re approved and you make an offer on your home, Rocket Mortgage offers online tools that will help you move through the rest of the closing process

Cons

• While Rocket Mortgage has customer specialists ready to answer your questions and provide guidance, if you prefer sitting across from a person when filling out financial forms, this lender might not be right for you
• You can’t easily view all of Rocket Mortgage’s home loan options prior to applying. It offers conventional, FHA, USDA and VA loans, but you’ll need to apply to find out more about the mortgage types within these offerings and which ones you’re eligible for

With more than 30 years of experience in the business, Rocket Mortgage® makes applying for a mortgage simple.

Customer and industry reviews are enthusiastic and their terms are competitive. 

2. Best for Bank Statement Only Loans: CrossCountry Mortgage

Best For

Self-employed Borrowers

Minimum Credit Score

620

get started securely through CrossCountry Mortgage’s website

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Disclosure: Available in: CA, CO, CT, DC, FL, GA, IL, MD, MA, MI, NH, NJ, NY, NC, OH, PA, RI, SC, TN, TX, VA, WA 

Avg. Days to Close Loan

30 – 40

Minimum Credit Score

620

1 Minute Review

CrossCountry Mortgage was started in 2003 by Ronald Leonhardt Jr., founder and CEO. Its headquarters is located in Cleveland, Ohio, but it’s licensed in all 50 states, D.C. and Puerto Rico, and it has over 700 branch locations across the country. Hopeful homeowners turn to CrossCountry Mortgage for its diverse portfolio of loan options, including conventional loans, Federal Housing Administration (FHA) loans, United States Department of Veterans Affairs (VA) loans and United States Department of Agriculture (USDA) loans.

 

Best For

• Self-employed professionals
• Retirees
• Investors
• Condo buyers

Pros

• Provides loans across all 50 states, D.C. and Puerto Rico
• 120 mortgage purchase, refinance and home equity solutions
• Can work with credit scores as low as 500
• Tax returns aren’t required
• Ideal for first-time homebuyers

Cons

• Doesn’t post rates online
• Underwriting process may take longer

CrossCountry Mortgage makes it easy for all types of home buyers to get approved for a mortgage. Their flexible requirements can help you get financing, with no employment or income verification and no minimum DTI. CrossCountry Mortgage offers traditional loan terms, as well as more flexible home payment plans with their 40-year loan program.

It’s also easier to get approved if you’re self-employed. Tax returns are not required and you’ll only need one year of self-employment income history and a minimum credit score of 580. CrossCountry Mortgage can also help you get approved on assets alone, like your bank statements, stocks and bonds, or retirement accounts.

3. Best for Quick Closing: Citibank

Best For

Banking Services

Minimum Credit Score

620

Get started securely through CitiBank’s website

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Avg. Days to Close Loan

30

Minimum Credit Score

620

1 Minute Review

Citibank is one of the largest banking institutions in the world, providing a wide range of financial products like banking, loans, mortgages, credit cards and much more.

Best For

• Banking services
• Savings, checking and more
• Loans

Pros

• Personal loans and mortgages
• Competitive rates
• Branches you can visit

Cons

• Citi may not provide the sort of products that you require

With an average of three days to close a loan, Citibank is a good choice for those who want to close quickly.

You need a minimum credit score of 620 to be approved and there’s no origination fee. 

4. Best for Customer Service Availability: Flagstar

Best For

Specialized Loan Products

Minimum Credit Score

620

Get started securely through Flagstar Mortgage’s website

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Avg. Days to Close Loan

30

Minimum Credit Score

620

1 Minute Review

Flagstar Bank is a regional bank that offers service online and in brick-and-mortar locations, with a range of mortgage options like convention, FHA, jumbo, specialty, professional, renovation, construction and community lending programs.

Best For

Pros

Cons

With 24/7 support available via phone, chat and online, Flagstar gets top marks for customer service.

Not only that, but their loans close in an average of three days, so they’re quick too. 

5. Best for In-Person Service: Bank of America

Best For

Broad Range of Mortgage Loans

Minimum Credit Score

620

Compare Lenders

More Details

Avg. Days to Close Loan

45

Minimum Credit Score

620

1 Minute Review

Bank of America is one of the largest financial institutions in the U.S., offering a wide variety of mortgage options for first-time homebuyers, conventional borrowers, and those looking to tap into home equity. The bank stands out for its strong digital tools paired with in-person service through its nationwide branches. Bank of America’s specialized programs, like the Affordable Loan Solution and Preferred Rewards, are particularly appealing for those seeking low down payment options or discounts. While it doesn’t offer USDA loans, and its preferred rewards program is limited to those with higher balances, it’s still a solid choice for most homebuyers.

Best For

• First-time homebuyers seeking low down payment options
• Homebuyers who prefer the option of in-person support at a branch
• Existing Bank of America customers who qualify for preferred rewards
• Borrowers interested in a range of refinance options and home equity loans

Pros

• Wide range of mortgage products, including low down payment options
• Strong digital tools, including the Home Loan Navigator for tracking your loan
• Access to in-person customer service at branches across the country
• Discounts available through the Preferred Rewards program

Cons

• No USDA loans offered
• Preferred Rewards discounts require high account balances

While the convenience of online transactions is great, sometimes you just want to see a friendly face.

With branches across Georgia, Bank of America is a solid choice for your mortgages needs that offers both online and in-person support. 

6. Best for VA Loans: Veterans United

Best For

Current Service Members

Minimum Credit Score

620

Get started

More Details

Avg. Days to Close Loan

30

Minimum Credit Score

620

1 Minute Review

Veterans United focuses on VA Loans, which are government-backed loans guaranteed by the U.S. Department of Veterans Affairs to help veterans and active-duty servicemembers buy homes. Veterans United is licensed in all 50 states and the District of Columbia and is the top VA lender in the country. If you’re currently serving or if you’re a veteran, Veterans United is worth considering due to its outstanding customer service and range of mortgage options.

Veterans United’s advisors come from each military branch to ensure it’s taking care of its clients. You can visit its website to learn more about VA loans and the homebuyer process in general and its Lighthouse Program can help you get ready to buy if you’re not quite there yet. It offers strong support if you’ve served our country.

“Nobody handles VA loans better than Veterans United,” says real estate investor Sergio Aguinaga, owner and founder of Michigan Houses for Cash. “Their process is smooth, the support is great and they truly get military buyers. But, of course, the con is that they are only for veterans.”

Best For

• Current service members
• Veterans
• First-time home buyers

Pros

• 24/7 customer service
• Offers VA purchase and refinance loans
• Offers credit consulting through its Lighthouse Program
• Staff from every military branch

Cons

• Only has branches in only 18 states
• Must be a veteran to qualify

If you’ve logged some time in the military, Veterans United’s loans will likely be the best deal. Unlike other veteran-marketed loan programs, Veterans United only accepts active duty and veteran military members.

In addition to no-down-payment loans, you’ll also eliminate the private mortgage insurance you’ll have to pay with other mortgages.

Veterans United is also more forgiving of lower credit scores. Interest rates are lower than average.

The Bottom Line on Georgia Mortgages

Taking on a mortgage is a major commitment and the lender you choose can make a huge difference in your bottom line. Review your options carefully, consider your own personal circumstances and make sure you know exactly what you’re getting into before signing on the dotted lines. 

Frequently Asked Questions

The post Best Mortgage Lenders for First Time Home Buyers in Georgia by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.