Our knowledge section has info to get you up to speed and keep you there. You may sustain a total loss of initial margin funds and any additional funds deposited with the Firm to maintain your position. IB Feature Explorer Browse all the advantages of an IB tradde. Please consult a tax professional prior to implementing these strategies. Knowledgeable, licensed, friendly brokers. No consideration was paid for any testimonials displayed. Futures let you diversify your portfolio, which can help protect your assets if the markets change

NerdWallet offers financial tools and advice to help people understand their options and make the best possible decisions. The guidance we offer and info we provide are deeply researched, objective and independent. We spent over hours reviewing the top online brokers before selecting the best for our readers.

There is no single best online broker for stock trading. Are you just starting out and looking for a friendly place to learn the ropes? Really into trading options and futures? Seeking access to sophisticated investing research? A cost-conscious frequent trader? To find a suitable online broker, read on for highlights and links to our in-depth reviews on each. Best for Online Broker Special Offer Commissions Rating. These brokers have no inactivity fees or account minimum.

They offer advanced trading platforms, a breadth of research and access to a wide range of investments. OptionsHouse and TD Ameritrade offer strong customer support, advanced trading platforms with no balance or trade minimums, and an impressive amount of research. Determining which of these two top-tier discount brokers will best meet your needs comes down to a few key differences in their offerings.

The broker also offers a large selection of no-transaction-fee mutual funds and commission-free ETFs. OptionsHouse offers no no-transaction-fee funds and just five commission-free ETFs. These brokers offer tons of educational offerings for beginners, affordable commissions, round-the-clock customer service as well as physical branches to get in-person guidance and a large number of commission-free ETFs. TD Ameritrade and Charles Schwab are our top picks for such investors.

A main draw is that both brokers offer full-service treatment for investors who live near one of their physical branches. Online service is also robust. Both brokers offer a ton of educational resources, beginner-friendly web-based and mobile trading platforms and tools to help new investors build a diversified portfolio. For our complete roundup of the best brokers for those just starting out, see the best online stock brokers for beginners.

First-timers may also wish to review our guide on how to buy stocks. These firms offer a broad selection of investing products — stocks, bonds, ETFs, mutual funds, futures and options trading — along with power trading platforms that advanced investors will appreciate. E-Trade and OptionsXpress earn the all-star status in terms of their broad range of offerings, but investors looking for the best service, price, tools and trade execution should check out our coverage of the best brokers for options tradingbest brokers for trading futures and commodities and best brokers for forex trading.

Research is key to stock trading and Merrill Edge and Fidelity both provide investors with ample tools, data and research to dig deep into stock analysis. Commission costs at TradeKing and Interactive Brokers are very low. That said, price is what you pay, value is what you get. On that point, neither of our top picks for cost-conscious investors skimp on the quality of trading platforms nor on the selection of investments offered.

Lots of brokers require no minimum investment to open an IRAbut the price to open a regular brokerage account is often higher. On the fund side, Interactive Brokers has 50 commission-free ETFs and 1, no-transaction-fee mutual funds in its lineup, while TradeKing offers none. For a more detailed description of each broker, see our in-depth reviews of TradeKing and Interactive Brokers. Here are more NerdWallet resources to answer other common questions about online brokerage accounts.

Do I have enough money to get started investing? Note that many of the brokers above have no account minimums. One easy way build a diversified portfolio for little money is to invest in exchange-traded funds. ETFs are essentially bite-sized mutual funds that trade like stocks: Like a mutual fund, ETFs contain a basket of similar assets e. But instead of having to qualify for a mutual fund investment minimum, investors can buy and sell individual shares of ETFs just like individual stocks.

Is the money in brokerage accounts insured? Are there different kinds of accounts? What paperwork do I need to open a stock trading account? How do I determine if a broker is right for me before I open an account? Some key criteria to consider are how much money you have, what type of assets you intend to buy, online trading trade stocks options futures & forex xau frequently you plan to transact and how much service you need.

Disclaimer: NerdWallet strives to keep its information accurate and up to date. All financial products, shopping products and services are presented without warranty. Pre-qualified offers are not binding. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools, blog content and editorial reviews are based on objective analysis.

For more information, please see our Advertiser Disclosure. Log in Sign up Sign up. Best Online Brokers for Stock Trading Best for OptionsHouse TD Ameritrade Charles Schwab Merrill Edge Fidelity OptionsXpress E-Trade TradeKing Interactive Brokers. Review Open Account Review Open Account. We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following online trading trade stocks options futures & forex xau posting guidelinesand avoid disclosing personal or sensitive information such as bank account or phone numbers.

Any comments posted under NerdWallet's official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise. All Rights Reserved OptionsHouse TD Ameritrade Charles Schwab Merrill Edge Fidelity OptionsXpress E-Trade TradeKing Interactive Brokers OptionsHouse.

Options Trading: Understanding Option Prices

Best Online Brokers for Stock Trading Really into trading options and futures? ETFs are essentially bite-sized mutual funds that trade like stocks. Trade stocks, options, futures and more in optionsXpress » Stocks, Options & Futures ( Practice Virtual Trading. Trade Stocks, Options and Futures with. Stocks & Options ; Futures ; With some of the lowest trading fees of any online brokerage firm, Lightspeed Trading helps traders How The Stock Market.