low cost brokerage accounts

 low cost brokerage accounts

MBA,forex, insrence

 low cost brokerage accounts  you use to trade stocks and exchange-traded funds can have a big impact on your investment expenses and trading capabilities. Whether your goal is to lower costs such as trade commissions or gain access to better research or a larger selection of asset classes, NerdWallet researched the options to find the best available. Here are our picks, divided by category to help you quickly find the right online broker for you.

low cost brokerage accounts 

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.

Both OptionsHouse and TD Ameritrade offer strong customer support, advanced trading platforms with no balance or trade minimums, and an impressive amount of research. TD Ameritrade’s trade commissions are on the high side, but many traders find their first-class trading platforms, Trade Architect and thinkorswim, worth that higher cost. The broker also offers a large selection of no-transaction-fee mutual funds and commission-free ETFs. Although OptionsHouse fails to offer either, it has very competitive commissions for stock, ETF and options trades.

low cost brokerage accounts 

In addition to top pick OptionsHouse — a strong deep-discount broker — these brokers are formidable choices for fee-conscious investors. They both offer rock-bottom commissions, but investors won’t sacrifice much in the way of tools and investment selection.

Stripped-down apps like Robinhood offer commission-free trading. But for investors who want more, TradeKing and Interactive Brokers prove that it’s possible to pair low commissions with advanced features. Both companies score high for their trading platforms and investment selection. TradeKing falls a bit short by not offering futures trading, but the broker has a $0 minimum deposit requirement and lower inactivity fees when compared with Interactive Brokers. Frequent traders will pay less in commissions at Interactive Brokers. It offers volume discounts but requires traders to meet monthly activity minimums and maintain a $10,000 balance.

If you’re new to the markets and looking to dabble in a little trading, you may value handholding over fancy tools, research or even low fees. You want to be able to pick up the phone — or visit a branch — and talk to someone who can walk you through your choices. With these brokers, you can do that (though making a trade through a broker, rather than online, will generally cost extra). They also both offer a wide selection of commission-free ETFs and no-transaction fee mutual funds, as well as educational content to help you gain your footing. Charles Schwab often waives its $1,000 low cost brokerage accounts