Trading has around since the dawn of humanity. With time, the methods have changed but the essence stays the same. The advent of technology has resulted businesses going online, therefore, trading too relies on online brokers more than ever. New apps and websites are making a daily appearance in the market. It is then important to know which is the best website for your purposes.
Below is the list of websites that you need in 2020.
These websites offer a reasonable investment minimum, a high-quality trading platform, instant access to customer services, and most of all – no hidden fees whatsoever.
# 10
Website Name: Fidelity
Founding Year: 1946
Country: United States
Commissions: $0
Account Minimum: $0
Rating: 5.0/5.0
A well-rounded brokerage available online today. The site offers no commissions on stock, ETF, or option trades. It has a large selection of research providers and strong customer service.
# 9
Website Name: Robinhood
Founding Year: 2013
Country: United States
Commissions: $0
Account Minimum: $0
Rating: 4.5/5.0
Offering bare-bones trading experience, the website offers the best trading platform. It offers free stock, ETF, and Cryptocurrency trades; however, mutual bonds and funds are not.
# 8
Website Name: Ally Invest
Founding Year: 2005
Country: United States
Commissions: $0
Account Minimum: $0
Rating:4.8/5.0
One of the best low-cost brokers offering better customer services than its peer. It is a good website for those who stay active throughout the day. A low $0.5 options contract fee is the driving force behind garnering traders.
# 7
Website Name: Merrill Edge
Founding Year: 2010
Country: United States
Commissions: $0
Account Minimum: $0
Rating: 4.9/5.0
Awarded #1 for overall client experience, the second time in a row, in the StockBrokers.com 2020 Annual Broker Review. The website also provides guided investing to manage your account more professionally.
# 6
Website Name: Firstrade
Founding Year: 1985
Country: United States
Commissions: $0
Account Minimum: $0
Rating: 5.0/5
The website includes all mutual funds and also has a $0 account minimum. Options traders appreciate it because of no contract fee – a rarity in trading.
# 5
Website Name: TD Ameritrade
Founding Year: 1975
Country: United States
Commissions: $0
Account Minimum: $0
Rating: 5.0/5
It provides experienced associates and industry-leading education and technology to make its investors smarter. Whether you are an active trader or long term, its platform offers everything you need to make informed decisions.
# 4
Website Name: E*TRADE
Founding Year: 1982
Country: United States
Commissions: $0
Account Minimum: $0
Rating: 4.8/5
An industry-leading trading platform via its mobile and options trading offerings. It provides rich in feature for almost all traders as its app and website are easy to navigate. A minimum opening balance is the plus point for the trading platform.
# 3
Website Name: Zacks Trade
Founding Year: 1978
Country: United States
Commissions: $0.1
Account Minimum: $2500
Rating: 4.5/5
Low rates and no inactivity fees make it the top choice among traders. It provides award-winning research data via more than 20 subscriptions and over 80 premium newswires to power your trading.
# 2
Website Name: TradeStation
Founding Year: 1982
Country: United States
Commissions: $0
Account Minimum: $0
Rating: 4.5/5
Providing you with complete professional-grade tools, powerful yet simple mobile and web apps. Personalized client support makes it to the top list along with the most competitive pricing.
# 1
Website Name: Interactive Brokers IBKR
Founding Year: 1978
Country: United States
Commissions: $0
Account Minimum: $0
Rating: 5.0/5
Leveraging technology to help you stay ahead in the game, the website offers a powerful trading platform. Comprehensive reporting gives traders an edge over peers as it delivers real-time trade confirmations, margins, etc.
