Top Online Stock Brokers for 2017: A Comprehensive Guide
Discover the best online brokerage platforms in 2017, featuring top choices like TD Ameritrade, Charles Schwab, E*Trade, Merrill Edge, and Fidelity. This guide highlights their features, trading costs, and account requirements to help investors choose the right platform for their needs.
Top Online Stock Brokers for 2017
Investing in stocks carries significant responsibility, and not every investor has the expertise to make optimal decisions. While losses can occur, they shouldn’t deter you from participating in the stock market. Online brokerage platforms assist traders by offering expert advice and tailored options.
TD Ameritrade stands out for its excellent customer service and sophisticated trading tools. It emphasizes thorough research and offers a user-friendly experience.
It has no account minimum requirement and charges a $6.95 trade commission.
Charles Schwab is comparable to TD Ameritrade in support and research capabilities, with a trade fee of $4.95. However, it requires a minimum account balance of $1,000.
E*Trade offers a broad range of investment options and robust trading platforms suitable for casual investors. It charges $6.95 per trade and requires a $500 minimum deposit.
Merrill Edge focuses heavily on research, offering advanced tools and data analysis. Like TD Ameritrade, it charges $6.95 per trade without a minimum account balance requirement.
Fidelity provides extensive research tools and insights, with a $4.95 trade fee. A minimum balance of $2,500 is necessary to open an account.
