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
  • 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
  • AvaTrade Platform Walkthrough
    Avatrade is an online foreign exchange and contract for difference broker operating internationally with its headquarters in Ireland. We'll review Avatrade's proprietary platforms AvatradeAct and Metatrader 4 in the walkthrough....read more
  • Barclays Platform Walkthrough
    Barclays is a household name and a staple of the financial industry. In 2017, Barclays Stockbrokers turned into Barclays Smart Investor, it offers the same cutting-edge service and low fees while providing you the full support of a multinational bank....read more
  • CMC Markets Platform Walkthrough
    CMC Markets is a UK based financial derivatives offering spread betting, contracts for difference, and foreign exchange around the world. We'll review CMC's proprietary web based platform to trade Forex and other various contracts....read more
  • Capital One Investing Platform Walkthrough
    Capital One Investing is a full-service brokerage offering a wide breadth of offerings including it's automatic investing plan. We'll walk through the main features including how to trade, to do research, and investing education....read more
  • City Index Platform Walkthrough
    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....read more
  • EToro Platform Walkthrough
    eToro is a social investment network which allows investors to trade instruments ranging from crypto-currencies to stocks to CFDs. It’s “Copy Funds” enables investors to learn and borrow invest ideas. Its platform befits somebody seeking a social trading experience....read more
  • FOREX.com Platform Walkthrough
    Forex.com is a global platform offering foreign exchange and metals trading. We'll review the ins and outs of the FOREXTrader web-based trading platform along with its advanced charting tools and other features....read more
  • FXCM Platform Walkthrough
    FXCM, also known as Forex Capital Markets, is a retail foreign exchange and CFD broker. FXCM gives its customers 24 hour access to the markets five days a week. FXCM provides a number of platforms such as Metatrader 4 (MT4), NinjaTrader, and ZuluTrade....read more
  • Folio Investing Platform Walkthrough
    Folio Investing takes away the hassle of worrying about pricing and fees. It offers low flat fees, a monthly and/or year subscription and is a well-known name in customizing portfolio strategies. With its window-trading and tax management tools, Folio Investing an ideal brokerage for the long-term investor....read more
  • FxPro Platform Walkthrough
    FxPro is a leading online foreign exchange trading house that also offers contract for difference products. FxPro customers are well-equipped with educational material, insightful market commentary, technical analysis, and a suite of algorithmic trading facilities....read more
  • Interactive Brokers Platform Walkthrough
    Interactive Brokers is an international brokerage offering sophisticated traders the power to harness the latest in trading software and execution technology. Interactive Brokers is home to those favoring a powerful and customizable platform....read more
  • IronFX Platform Walkthrough
    IronFx is a retail foreign exchange services brokerage based in the UK. We'll review IronFX’s trading, research and education tools available to its customers as well as test drive its trading access via the MetaTrader 4 (MT4) web platform....read more
  • Just2Trade Platform Walkthrough
    Just2trade offers one of the industry's most competitive commission rates with stock trades at $2.50. The platform caters to active traders especially those early into their investing career. In this review, we'll walk through Just2trade's web trading platform....read more
  • Motif Platform Walkthrough
    Motif is a unique investing platform allowing investors to select pre-built or custom made mini portfolios that follows a specific theme. Motif also serves as a traditional online brokerage letting its clients trade stocks and listed ETFs....read more
  • OANDA Platform Walkthrough
    OANDA is a Canadian based platform allowing for trading of foreign exchange and CFDs. One of the main advantages of OANDA is the statistical data provided to traders. The OANDA Research Labs provides historical data on currencies moves and current sentiment....read more
  • Pepperstone Platform Walkthrough
    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....read more
  • Robinhood Platform Walkthrough
    Robinhood is a Palo Alto, CA based financial services company offering a sleek and straightforward brokerage mobile app that allows users to trade stocks and ETFs for a $0 fee....read more
  • Saxo UK Platform Walkthrough
    Saxo Bank is a UK based investment bank and offers trading through its online platform. We'll review the two trading platforms: SaxoTrader, a desktop platform geared towards active traders; and SaxoTraderGO, a web-based interface ideal for novice and casual investors....read more
  • SogoTrade Platform Walkthrough
    SogoTrade is a no frills discount brokerage firm headquartered in New York City. SogoTrade offers three web-based trading platforms. Stock and ETF trading are fairly straightforward, but SogoTrade has partnered with third-party vendors to create robust option trading platforms....read more
  • Vanguard Platform Walkthrough
    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....read more
  • Wells Fargo Platform Walkthrough
    Wells Fargo is an international banking and financial services firm. WellsTrade is its online brokerage platform, offering clients a wide range of research and planning tools as well as affordable access to equity markets and mutual funds....read more
  • XTB Platform Walkthrough
    XTB Online Trading, also known as X-Trade Brokers, allows you to trade over 1500 instruments in thousands of global markets. Its platform, xStation, provides access to products ranging from cryptocurrency to commodities to FX & CFD. XTB is suitable for the investor who wants access to a straightforward platform with access to numerous instruments....read more
*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.