One of the biggest questions we receive is “How do I start buying stocks?”. At this point you have figured out that you want to begin trading stocks, but aren’t sure where to begin. In this guide, we will compare the popular online brokers so you can figure out which one best fits your needs.
Choosing an online stock broker is one of the most important decisions you will make as a trader, so make sure to select one that suits your investment style of stock and options trading.
Best Online Brokers for Stock Trading
Here’s a comparison of some of the best online brokers for stock trading.
|TD Ameritrade - Best for Beginners and Long-Term Investing
Current Offer: Trade commission–free for 60 days
+ get up to $600 cash.
Minimum Deposit to Open Account: $0
TD Ameritrade charges $6.95 per trade and offers a variety of trading tools through its Thinkorswim trading platform.
It also offers a user-friendly mobile trading app to allow you to trade on the go as well as an easy to use web-based platform for trading.
We rank TD Ameritrade as one of the best all-around online brokerages and is great for beginning traders and long-term investing.
Best of all, TD Ameritrade doesn’t have a minimum deposit requirement like most online brokers and also offers free Virtual Trading so you can practice and test out the tools prior to trading with real money.
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|E*TRADE - Best for Options, Mobile
Current Offer: Trade Free for 60 Days & Get Up to $600.
Minimum Deposit: $500
E*TRADE also charges $6.95 for stock trades and offers a broad selection of trading tools through their pro platform, E*TRADE PRO.
It’s web-based platform is also incredibly advanced and easy to use, as is their mobile app.
We rank E*TRADE just below TD Ameritrade mainly for the fact that they require a $500 minimum deposit to open an account and does not offer Virtual Trading.
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