Every Brokerage for Traders

Selecting the right brokerage is a critical decision for U.S. traders and investors. Below is a comprehensive list of major U.S. brokerages, detailing their ownership, key features, and offerings to help you make an informed choice.

1. Charles Schwab

• Ownership: Publicly traded company (NYSE: SCHW)
• Key Features:
  • $0 commissions on online stock and ETF trades
  • Extensive research tools and resources
  • Robust trading platforms, including StreetSmart Edge
  • Wide range of investment products
  • Comprehensive customer service

2. Fidelity Investments

• Ownership: Privately held company
• Key Features:
  • $0 commissions on online stock and ETF trades
  • Advanced research and educational resources
  • Active Trader Pro platform for advanced trading
  • High-quality customer service
  • Diverse investment options

3. Vanguard

• Ownership: Client-owned; operates on a mutual structure
• Key Features:
  • Known for low-cost index funds and ETFs
  • Focus on long-term, passive investing strategies
  • Comprehensive financial planning tools
  • Limited trading platform features compared to peers

4. E*TRADE

• Ownership: Subsidiary of Morgan Stanley
• Key Features:
  • $0 commissions on online stock and ETF trades
  • Power E*TRADE platform for active traders
  • Extensive educational resources
  • Diverse investment offerings
  • Promotional offers for new accounts

5. TD Ameritrade

• Ownership: Subsidiary of Charles Schwab
• Key Features:
  • $0 commissions on online stock and ETF trades
  • thinkorswim platform for advanced trading
  • Comprehensive research and analysis tools
  • Wide range of investment products
  • Strong customer support

6. Merrill Edge

• Ownership: Division of Bank of America
• Key Features:
  • $0 commissions on online stock and ETF trades
  • Integration with Bank of America accounts
  • Robust research and insights from BofA Global Research
  • Preferred Rewards program benefits
  • User-friendly platform

7. Interactive Brokers

• Ownership: Publicly traded company (NASDAQ: IBKR)
• Key Features:
  • Low-cost trading with tiered commission structure
  • Access to global markets
  • Advanced Trader Workstation (TWS) platform
  • Comprehensive research and risk management tools
  • Ideal for professional and international traders

8. Robinhood

• Ownership: Publicly traded company (NASDAQ: HOOD)
• Key Features:
  • Commission-free trading
  • User-friendly mobile app
  • Access to stocks, ETFs, options, and cryptocurrencies
  • Limited research and educational resources
  • Focus on simplicity and accessibility

9. Webull

• Ownership: Privately held company
• Key Features:
  • Commission-free trading
  • Advanced charting tools and technical indicators
  • Extended trading hours
  • Paper trading feature for practice
  • Focus on active traders

10. SoFi Invest

• Ownership: Publicly traded company (NASDAQ: SOFI)
• Key Features:
  • Commission-free trading
  • Automated investing options
  • Access to fractional shares
  • Integration with other SoFi financial products
  • Educational resources and community events

11. Ally Invest

• Ownership: Subsidiary of Ally Financial
• Key Features:
  • $0 commissions on online stock and ETF trades
  • Robust research and analysis tools
  • Integration with Ally Bank accounts
  • Diverse investment options
  • User-friendly platform

12. J.P. Morgan Self-Directed Investing

• Ownership: Division of JPMorgan Chase & Co.
• Key Features:
  • $0 commissions on online stock and ETF trades
  • Integration with Chase banking accounts
  • Access to J.P. Morgan research and insights
  • User-friendly mobile and web platforms
  • Tools for portfolio building and analysis