Online Broker Reviews

Investopedia has created the most comprehensive tool set to help traders of all styles make an informed, efficient, and intelligent decision in choosing your next online broker. Below you will find comprehensive reviews, platform walkthroughs, and ratings on transparency and fees.

  • Charles Schwab
    OVERALL RATING
    Charles Schwab was founded in 1973, and today is one of the world’s largest brokerage firms, with more than 10 million active client brokerage accounts and $2.90 trillion in client assets. Schwab provides extensive tools and resources to help you research...read more
  • AvaTrade

    AvaTrade is a multinational global asset trading platform available to investors around the world (*but not available in the United States). AvaTrade allows you to trade foreign exchange (FX), commodities, global shares, bonds among other markets....read more

  • Capital One Investing

    Capital One may be best known for its heavily advertised line of credit cards ("What’s in YOUR wallet?"), but it has grown through acquisitions into a global banking and financial services powerhouse. In 2012, it purchased ING Group, including the...read more

  • City Index
    City Index and City Trading are registered trademarks of GAIN Capital UK Ltd. The spread-betting, CFD and forex broker is registered and regulated in the UK. The company was established in 1983 and was one of Britain's first spread betting firms. Through...read more
  • CMC Markets
    CMC Markets is a full-service online broker focusing on Forex markets, but includes over 10,000 tradable instruments from around the globe such as commodities, global equities, CFDs and binary options contracts. Since launching in 1989, CMC was a pioneer...read more
  • E*Trade
    E*TRADE’s web-based trading interface offers a variety of resources and easy-to- use solutions for traders, investors and stock-plan participants. At first blush, E*TRADE might not be the best platform for infrequent or casual investors as it offers...read more
  • Fidelity
    Fidelity provides an intuitive client website and sleek mobile platform suitable for novice and casual investors, and moderately active traders, who want to research, place and manage their own trades. The client website supports conditional orders, and...read more
  • Firstrade

    Firstrade Securities was founded in 1985 in the Flushing neighborhood of Queens in New York City, to serve the needs of the local community, especially ethnic Chinese who had immigrated to the United States. More than 30 years later, Firstrade is a...read more

  • FOREX

    FOREX.com is a global foreign exchange (FX) platform with its own proprietary web trading system as well as compatibility with popular Forex trading software such as MetaTrader 4 (MT4). Founded in 2001, FOREX.com is a subsidiary of GAIN Capital Holdings,...read more

  • FxPro
    Voted ‘Best FX Broker’ in 2016 and again in 2017, FxPro is a leading online trading house and is the official main sponsor of the premier leagues’ Watford Football Club. With offices in the UK and Cyprus, FxPro has evolved over the past ten years...read more
  • IG Group

    IG Group is one of the world’s leading providers of contracts for difference (CFDs) and financial spread betting, covering more than 15,000 individual markets including FX, commodities, global stocks and stock indices, and new products such as bitcoin CFDs....read more

  • IronFX
    IronFX is a multi-platform global online trading service that has access to investments in over 200 tradable instruments in forex, spot metals, futures, shares, spot indices and commodities, IronFX serves over one million retail and institutional customers...read more
  • Merrill Edge

    Merrill Edge is Bank of America/Merrill Lynch’s retail online brokerage platform. Launched in 2010, it focuses on investors with between $100,000 and $250,000 in investable assets and has grown to two million users. It also has a network of 2,500...read more

  • OANDA
    OANDA's web-based and downloadable trading platforms provide easy-to-use tools, resources and trading capabilities for both active traders and casual investors. Traders have access to over 100 financial instruments, including more than 60 Forex pairs...read more
  • Saxo UK
    Saxo Bank is an investing banking and technology company founded in 1992. Headquartered in Copenhagen, Saxo is a regulated bank with a large international network, employing more than 1,500 people in financial centers around the world, including Dubai,...read more
  • TD Ameritrade
    TD Ameritrade’s web-based trading platform is well-designed, and provides easy and intuitive access to the tools and resources self-directed investors need to research, place and manage their own trades. Our review covered the primary investment products...read more
  • Tradestation
    TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC and CME) is a licensed securities broker-dealer and a registered futures commission merchant – and also a member of the Boston Options Exchange, Chicago Board Options Exchange,...read more
  • Vanguard
    Vanguard is one of the largest investment managers on the planet, with more than $4 trillion of assets under management. Founded by John Bogle an early advocate and pioneer of passive indexed strategies, one of Vanguard’s missions is to provide low-cost,...read more
  • Wells Fargo

    Wells Fargo traces its history to the mid-1800s, when it started providing express and banking services to the rapidly growing territory of California. Since then, it has evolved into an international financial services powerhouse with tens of millions...read more