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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 2018
    OVERALL RATING
    Charles Schwab is one of the world's largest brokerage firms. Some of their popular features include: commission-free ETFs and mutual funds, independent trading, 3rd party analysis and diverse products offerings. Schwab received a score of 4.6 out of 5 from Investopedia....read more
  • TD Ameritrade 2018
    OVERALL RATING
    TD Ameritrade offers a large selection of investment products, extensive research tools, comprehensive educational offerings and a well-designed, intuitive platform. TD Ameritrade received a score of 4.6 out of 5 from Investopedia....read more
  • Fidelity 2018
    OVERALL RATING
    Fidelity Investments is notable for abundant fund choices, reasonable commissions, and unmatched research materials for everyone from novices to advanced traders. Fidelity received a score of 4.5 out of 5.0 from Investopedia....read more
  • IG Trading 2018
    OVERALL RATING
    IG Trading provides direct access to an industry-leading breadth of financial markets - from Forex and CFDs to commodities and cryptocurrencies - and account types with relatively low spreads and commissions. IG received a score of 4.3 out of 5 from Investopedia....read more
  • E*TRADE 2018
    OVERALL RATING
    E*TRADE is one of the most popular online discount brokerage firm headquartered in New York City. We'll introduce the platform's key features offering stock, bond, ETFs, options, mutual funds and other securities. E*TRADE received a score of 4.2 out of 5.0 from Investopedia....read more
  • FOREX.com (Gain Capital) 2018
    OVERALL RATING
    Owned by GAIN Capital (NYSE: GCAP), FOREX.com received a score of 4.2 out of 5 from Investopedia....read more
  • Interactive Brokers 2018
    OVERALL RATING
    Interactive Brokers' sophisticated trading technology and worldwide coverage make it a top choice for both market professionals and at-home traders....read more
  • IronFX 2018
    OVERALL RATING
    IronFX provides access to a broad selection of financial markets, including Forex, CFDs and commodities, through a variety of account types from micro accounts to non-dealing desk accounts. IronFX received a score of 4.2 out of 5 from Investopedia....read more
  • Merrill Edge 2018
    OVERALL RATING
    Merrill Edge is the self-directed online investing platform for Bank of America Merrill Lynch. Merrill Edge received a score of 4.1 out of 5.0 from Investopedia....read more
  • AvaTrade 2018
    OVERALL RATING
    AvaTrade provides access to a broad selection of financial markets including Forex, cryptocurrencies, stock indices and commodities as well as a wide variety of trading platforms on which to trade those financial assets. AvaTrade received a score of 4.0 out of 5 from Investopedia....read more
  • Dukascopy 2018
    OVERALL RATING
    Dukascopy is an EU-licensed investment broker, 100% owned by the Swiss Forex Bank Dukascopy Bank SA....read more
  • OANDA 2018
    OVERALL RATING
    One of the most experienced forex dealers, OANDA's service focuses on individual spot forex and CFD traders around the globe....read more
  • Pepperstone 2018
    OVERALL RATING
    Pepperstone is an Australian based online retail forex and contract for difference broker. Pepperstone is suited for novice to advanced investors with platforms including cTrader and MetaTrader 4 giving its client global access. Pepperstone received a score of 4.0 out of 5 from Investopedia....read more
  • XTB 2018
    OVERALL RATING
    In business for 14 years, XTB is one of the largest publicly-traded Forex and CFD dealers in the market. XTB received a score of 4.0 out of 5 from Investopedia....read more
  • City Index 2018
    OVERALL RATING
    City Index is an online foreign exchange and contract for difference provider based in the UK. We'll introduce you to some of the key features available to City Index clients, including news and analysis tools, trading platforms, tradable products, and customer support. City Index received a score of 3.9 out of 5 from Investopedia....read more
  • Saxo Bank 2018
    OVERALL RATING
    Saxo Bank is registered in the UK and provides direct access not only to the Forex, CFD, Equities, Futures and Bond markets through a proprietary trading platform but also to standard options on Forex, Equities, Indices and Futures. Saxo Bank received a score of 3.9 out of 5 from Investopedia....read more
  • London Capital Group (LCG) Forex 2018
    OVERALL RATING
    London Capital Group (LCG) provides access to a broad selection of financial instruments across nine different asset classes including Forex, cryptocurrencies, indices, commodities, bonds, and individual shares. They offer competitively low spreads and no commissions. London Capital Group (LCG) received a score of 3.8 out of 5 from Investopedia....read more
  • Swissquote 2018
    OVERALL RATING
    A Forex dealer with deep roots in European banking, Swissquote received a score of 3.8 out of 5 from Investopedia....read more
  • TrioMarkets 2018
    OVERALL RATING
    TrioMarkets is a newer ECN/STP dealer seeking to offer a "pleasant, effective and top-notch environment for traders" by offering straight through processing or a spread-markup with traditional MT4 trading platforms, innovative social trading, APIs, and PAMM accounts. TrioMarkets received a score of 3.8 out of 5 from Investopedia....read more
  • CMC Markets 2018
    OVERALL RATING
    Founded in 1989, CMC Markets is an experienced forex and CFD dealer located in the UK. CMC Markets received a score of 3.6 out of 5 from Investopedia....read more
  • FXCM 2018
    OVERALL RATING
    FXCM has been a major player in the retail Forex market since its founding in 1999. While the firm has expanded its offerings to include indices and commodities CFDs, its primary focus and strengths are still in the Forex market. FXCM received a score of 3.6 out of 5 from Investopedia....read more
  • Trade.com 2018
    OVERALL RATING
    Located and registered in Cyprus, Forex, shares and CFD dealer Trade.com received a score of 3.6 out of 5 from Investopedia....read more
  • TradeStation 2018
    OVERALL RATING
    A platform for tech-savvy investors who have no qualms about maintaining a high minimum balance. TradeStation received a score of 3.6 out of 5.0 from Investopedia....read more
  • Ally Invest (formerly TradeKing) 2018
    OVERALL RATING
    Ally Invest focuses on low costs and a broad product offering which will likely appeal to active stock and option investors. Ally received a score of 3.5 out of 5.0 from Investopedia....read more
  • Capital One Investing (Formerly ShareBuilder) 2018
    OVERALL RATING
    Capital One has expanded its retail banking and financial services with an easy-to-use online brokerage platform for the self-directed investor. Capital One Investing received a score of 3.5 out of 5 from Investopedia....read more
  • Firstrade 2018
    OVERALL RATING
    Firstrade is an online discount broker with a unique stock lending program, 0.1-second trade execution guarantee, and Chinese-language support. Firstrade received a score of 3.5 out of 5.0 from Investopedia....read more
  • FxPro 2018
    OVERALL RATING
    Founded in 2006, FxPro is a Forex and CFD dealer registered in the UK and Cyprus. FxPro received a score of 3.5 out of 5 from Investopedia....read more
  • USAA Investments 2018
    OVERALL RATING
    USAA is a Texas-based financial services company providing a wide range of products for military service members and their families. USAA received a score of 3.5 out of 5.0 from Investopedia....read more
  • 24option 2018
    OVERALL RATING
    Registered in Cyprus, 24option offers access to shares, Forex, cryptocurrencies, and indices through a proprietary online trading application or MetaTrader 4. 24option received a score of 3.4 out of 5 from Investopedia....read more
  • Questrade 2018
    OVERALL RATING
    A Toronto-based online brokerage that provides Canadians with convenient access to U.S. markets at a reasonable price....read more
  • T. Rowe Price 2018
    OVERALL RATING
    T. Rowe Price's online brokerage is a self-directed platform meant to complement its actively managed mutual fund business. T. Rowe Price received a score of 3.4 out of 5 from Investopedia....read more
  • Vanguard 2018
    OVERALL RATING
    Vanguard is the largest mutual funds provider in the US and the second-largest provider of exchange-traded funds (ETFs) in the world. Vanguard's platform is ideal for long-term investors seeking a combination of low fees and quality service. Vanguard received a score of 3.2 out of 5.0 from Investopedia....read more
  • WellsTrade (by Wells Fargo) 2018
    OVERALL RATING
    WellsTrade, Wells Fargo's entry into the online brokerage market, is a basic, no-frills platform best for occasional buy-and-hold investors with a solid relationship with Wells Fargo's banking side. WellsTrade received a score of 3.2 out of 5.0 from Investopedia....read more
  • MARKETS.COM 2018
    OVERALL RATING
    A subsidiary of Safecap Investments Ltd., MARKETS.COM, offers trading in more than 2,000 markets and received a score of 3.1 out of 5 from Investopedia....read more
  • iForex 2018
    OVERALL RATING
    Located in Greece, Forex and CFD dealer iForex received a score of 3.0 out of 5 from Investopedia....read more
  • Lightspeed 2018
    OVERALL RATING
    Online brokerage catering to active traders with a wide range of specialized platforms and competitive commission discounts for high-volume trading. Lightspeed received a score of 2.8 out of 5 from Investopedia....read more
  • SogoTrade 2018
    OVERALL RATING
    SogoTrade offers a basic, cheap trading platform with limited access to special features and proprietary tools. SogoTrade received a score of 2.5 out of 5.0 from Investopedia....read more
  • Just2Trade 2018
    OVERALL RATING
    Just2Trade is a discount brokerage focused on stock and options trading on the U.S. exchange with commission rates lower than most of its competitors....read more
  • Plus500 2018
    OVERALL RATING
    Plus500 is a streamlined broker that focuses on trading in a wide range of financial markets with relatively low spreads and no commissions without offering many ancillary services. Plus500 received a score of 2.4 out of 5 from Investopedia....read more
  • Barclays Trading Hub 2018
    OVERALL RATING
    A CFD and spread-betting trading hub for the United Kingdom's international banking and financial services giant....read more
  • ChoiceTrade 2018
    OVERALL RATING
    Online brokerage focusing on efficient, user-friendly tools for active traders, with multiple platforms and a simple commission structure. ChoiceTrade received a score of 2.0 out of 5.0 from Investopedia....read more
  • M1 Finance 2018
    M1 Finance is an online broker and investment manager that combines the best of self-directed and robo-advised investing....read more
  • Motif 2018
    Motif is a niche online brokerage that provides pre-built and customizable themed portfolios containing up to 30 stocks and ETFs....read more
  • Nadex 2018
    A fully regulated, U.S.-based financial exchange with a trading platform that specializes in short-term binary options and spreads....read more
  • NinjaTrader 2018
    NinjaTrader offers a platform for automated trading systems, backtesting, and analysis for active futures traders. It can be accessed through a futures brokerage account, but the firm also markets itself as a broker for beginners....read more
  • Nutmeg Investments 2018
    Nutmeg is a UK-based online brokerage taking the guesswork out of investing by offering simple, professionally built portfolios of ETFs....read more
  • Robinhood 2018
    A lean, mean app-based brokerage touting commission-free stock and ETF trading and an intuitive, though basic, trading interface....read more
  • Stockpile 2018
    A unique online brokerage using fractional share trading, allowing users to invest as much or as little as they like....read more

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