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 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
    OVERALL RATING
    TD Ameritrade offers a large selection of investment products, extensive research tools, comprehensive educational offerings and a well-designed, intuitive platform. TDAmeritrade received a score of 4.6 out of 5 from Investopedia....read more
  • Fidelity
    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
  • E*TRADE
    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
  • Ally Invest (formerly TradeKing)
    OVERALL RATING
    Ally’s online brokerage services provides powerful chart capabilities and low commissions on stocks, ETFs, Bonds, Mutual Funds, and more. Ally received a score of 4.1 out of 5.0 from Investopedia....read more
  • Merrill Edge
    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
  • TradeStation
    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
  • Capital One Investing (Formerly ShareBuilder)
    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
    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
  • T. Rowe Price
    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 3.2 out of 5 from Investopedia....read more
  • Vanguard
    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)
    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
  • Lightspeed
    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 2.6 out of 5 from Investopedia....read more
  • SogoTrade
    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

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*You should always independently verify and/or seek information from your legal, finance, or tax advisor as to whether a specific broker is right for you. Please note that not all brokers reviewed by Investopedia offer services in your geographic region. Additionally, Investopedia may receive compensation from certain broker-dealers referral programs when you click on links to their services, and/or submit an application or get approved for a brokerage account.