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Top Stock Trading Platforms

Source: https://www.bankrate.com/investing/best-online-brokers-for-stock-trading/

I am doing research on the best trading platforms online. I plan to set up an account soon. Any suggestions or experience with the platforms mentioned in the list? Thanks!

    1. Charles Schwab

    • Great trading tools
    • Excellent customer support
    • Wide range of research and educational materials, all with no commission
    • Innovative customer service policy that says clients can get refunds on related commissions, a transaction fee, or an advisory program if they feel dissatisfied.

    2. Fidelity Investments

    • Fidelity has a strong reputation for offering some of the best research and tools for investors planning for retirement. The information available on its platform — which includes sophisticated screening tools — makes the account a good option for investors who want to dig in.
    • Bolstering its reputation further is the fact that Fidelity secured the top spot in Investor’s Business Daily’s 2022 investor survey, which polled the customers who actually use their services.
    • Fidelity was named the best broker for beginner investors, as well as the best broker for retirement investing, in the 2022 Bankrate Awards.
    • Fidelity also has zero fees on many other services that other brokers routinely charge for.

    3. TD Ameritrade

    • Gives you access to a library of educational content that includes videos, webcasts and thousands of articles.
    • You can trade a range of securities beyond stocks. Bonds, options, and futures are available, and you can trade cryptocurrency via futures. You can do it all via the broker’s mobile app, too.
    • With no account minimums, TD Ameritrade’s an attractive option for beginners.

    4. Robinhood

    • You’ll get no-fee trading on stocks and ETFs as well as options and cryptocurrencies.
    • It also has a cash management account, so you can make a quick transfer whenever you want to trade.
    • You can join their premium tier, Robinhood Gold, for $5 a month and gain access to some research and margin trading.

    5. E-trade

    • You can also check in with E-Trade analysts for up-to-date analysis and commentary that can help you craft your trading strategy.
    • E-Trade offers 24/7 phone support and an online chat option.
    • Active traders may appreciate the broker’s flagship trading platform, Power E-Trade, which offers tons of tools and comes in a mobile version, too.

    6. Interactive Brokers

    • It’s taken strides in recent years to become more attractive to newer investors, in particular with a “lite” version of its service that has no-fee trading.
    • It’s also upped its game on customer support and basic research.
    • That shift has taken the rougher edges off a formerly no-frills service that even the pros thought was stripped down in favor of low costs and trade execution.
    • A newly designed customer support page is easier to navigate while still providing the old page’s high level of functionality.

    7. Merrill Edge

    • If you become a preferred client of the broker, you’ll receive access to detailed research reports on individual stocks, but you can receive research from Morningstar and Lipper, too.
    • Merrill also does well with educational materials, helping you plan your financial future.
    • Customer support is available 24 hours a day throughout the week, so someone is always on hand to help you out.
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