Top 20 best Brokers

What are some of the top 20 best brokers? Are you ready to start investing but not sure where to begin? Choosing a broker can feel like a big decision, but don’t worry! We’re here to help you pick the best one. Below is a list of the top 20 brokers for 2024, written in a simple format so everyone can understand. Let’s get started!

1. Robinhood

Robinhood is a popular broker, especially for beginners. Some of Robinhood Pros Include:

• No fees for buying and selling stocks.
• Easy to use on your phone.

Here are the Cons of Robinhood:

• Limited tools for learning about stocks.
• Customer service isn’t the fastest.

Robinhood is great if you’re just getting started and want to trade without paying fees.

2. Fidelity

Fidelity is a trusted broker with a focus on long-term investing. Among Fidelity Pros are:

• Lots of research tools and no fees for most trades.
• No minimum amount to start an account.

Key Cons of Fidelity include:

• The platform might feel basic for experienced traders.
• Not many options for trading in other countries.

Fidelity is great if you’re planning to invest for the long term and want reliable tools.

3. Charles Schwab

Charles Schwab offers a variety of services for all types of investors. There are several Pros of Charles Schwab, such as::

• Excellent customer service.
• No fees for stock trades and no minimum to open an account.

Charles Schwab Cons include:

• The platform can be confusing for beginners.
• Limited access to international markets.

Schwab is a solid choice for those looking for good service and flexibility.

4. E*TRADE

E*TRADE offers a powerful platform with many features for active traders. Some notable Pros of E*TRADE include :

• Strong trading tools and a lot of learning materials.
• No fees for most stock trades.

E*TRADE Cons include the following:

• Higher fees for mutual funds.
• No international trading options.

E*TRADE is great for those who like to trade frequently and want a lot of features.

5. Interactive Brokers

Interactive Brokers is perfect for those looking to trade globally and save on costs. A few of  Interactive Brokers Pros are:

• Access to markets in over 135 countries.
• Low fees.

Some of the main Cons of Interactive Brokers are:

• The platform can be hard to use for beginners.
• Customer service isn’t always the best.

Interactive Brokers is ideal for people who want to trade in many different countries.

6. Merrill Edge

Merrill Edge is great for investors who also use Bank of America. Some of the Merrill Edge’s Pros are:

• Excellent customer support, especially for Bank of America customers.
• No minimum account size.

Merrill Edge has several Cons, such as:

• Not ideal for advanced traders.
• Limited access to international markets.

Merrill Edge works well if you’re already banking with Bank of America and want everything in one place.

7. Webull

Webull is a commission-free broker with tools for active traders. Notable Webull Pros include:

• No fees for trades.
• Advanced tools for experienced traders.

Some of the main Cons of Webull are:

• Not many learning resources.
• Customer service is mostly online.

Webull is great if you like to trade often and don’t want to pay fees.

8. Saxo Bank

Saxo Bank is a top choice for traders who want access to global markets and advanced tools. Notable Saxo Bank pros include:

• Excellent access to international markets.
• Advanced trading platforms.

Some Cpons of Saxo Bank are:

• High fees for small accounts.
• The platform can be too complicated for beginners.

Saxo Bank is ideal for experienced traders who want to trade in global markets.

9. Ally Invest

Ally Invest offers a simple platform with low costs, making it great for beginners. Key Pros of Ally Invest include:

• No minimum account balance and low fees.
• Great customer service.

Among Ally Invest Cons are:

• The platform is not as advanced as others.
• Limited options for trading internationally.

Ally Invest is a good choice if you’re just starting and want something easy to use.

10. TradeStation

TradeStation is perfect for active traders who want powerful tools. Some of the main Pros of TradeStation are:

• Powerful trading tools and low fees for frequent traders.
• Great for those who trade a lot.

A few of TradeStation Cons include:

• The platform can be difficult for beginners.
• High fees if you don’t trade often.

TradeStation is best for active traders who need strong tools for frequent trading.

11. Tastyworks

Tastyworks is great for options trading and offers a user-friendly platform. Key pros of Tastyworks include:

• Low fees for options trading.
• Easy to navigate platform.

A few of Tastyworks Cons are:

• Limited research and learning resources.
• Not ideal for long-term investing.

Tastyworks is a good choice for traders who focus on options.

12. IG

IG is one of the best brokers for access to global markets and advanced tools.

• IG offers several Pros, such as:
• Access to many international markets.
• Advanced tools for professional traders.

Some of the Cons of IG include:

• Higher fees for small accounts.
• The platform can be tricky for beginners.

IG is great for those who want to trade around the world.

13. SoFi Invest

SoFi Invest makes it easy for beginners to start investing with no commissions and simple tools. The pros of  SoFi Invest include:

• No fees for trades.
• Easy-to-use app.

Among SoFi Invest Cons are:

• Limited tools for advanced traders.
• Not as many investment options.

SoFi Invest is perfect for those who are new to investing and want a simple experience.

14. Zacks Trade

Zacks Trade offers low fees and strong research tools for investors. Some notable Pros Zacks Trade include :

• Low fees for trades.
• Excellent research tools.

Here are some of Cons of Zacks Trade:

• The platform can be complicated for beginners.
• Higher account minimums.

Zacks Trade is ideal for investors who want to dig into research and keep costs low.

15. Vanguard

Vanguard is best known for its low-cost funds and is great for long-term investors. A few Vanguard Pros are:

• Low fees and great options for retirement accounts.
• Strong focus on long-term investing.

Cons of Vanguard include the following:

• Limited trading tools for active traders.
• The platform can feel outdated.

Vanguard is great if you’re focused on long-term investing and saving for retirement.

16. Firstrade

Firstrade offers no fees for most trades and a simple platform for beginners. Some of the Pros associated with Firstrade include:

• No fees for stock and options trades.
• Easy to use for new investors.

Some highlighted Cons of Firstrade include:

• Limited tools for advanced traders.
• Not many options for research and learning.

Firstrade is a good choice for beginners who want to avoid fees.

17. Public.com

Public.com is a social investing app where you can follow what others are trading. Key pros of Robinhood include:

• No fees for trades.
• Social features that let you follow other investors.

Several Cons Public.com include:

• Limited research tools.
• Not ideal for advanced traders.

Public.com is great if you want to learn by watching what others are doing.

18. Acorns

Acorns is perfect for beginners who want to invest small amounts over time. Notable Acorns Pros include:

• Automatically invests your spare change.
• Easy to use and perfect for beginners.

Acorns has many Cons, like:

• Monthly fees can add up for small balances.
• Limited control over your investments.

Acorns is best for people who want to invest without thinking about it too much.

19. Moomoo

Moomoo is a newer broker that offers commission-free trading and advanced tools. There are several Pros to using Moomoo, incliding :

• No fees for trades.
• Advanced tools for active traders.

some Cons of Moomoo are:

• Limited educational content.
• Customer service is mainly online.

Moomoo is great for active traders who want powerful tools at no cost.

20. Freetrade

Conclusion

Now that you’ve seen the top 20 brokers, you can choose the one that best fits your needs. Whether you’re just getting started with Robinhood or looking for powerful tools with TradeStation, there’s a broker for everyone. Happy investing!

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