The stock market is a great way to invest your money, but it can be a little intimidating. Fortunately, there are plenty of online platforms where you can open an account and start trading stocks right away. Below are some of the best ones that we’ve found:
TD Ameritrade
TD Ameritrade is a great choice for beginners. It offers a wide variety of investment options, and it has free trading for retirement accounts. Additionally, TD Ameritrade has an excellent mobile app that makes it easy to access your account on the go. The customer service team at TD Ameritrade is also very helpful if you have any questions or concerns about investing in stocks or bonds through this platform.
Ally Invest
Ally Invest is a great place to start trading. It has low fees and a wide selection of investments, including stocks, ETFs and mutual funds. The platform also offers mobile apps for iOS and Android devices so you can trade on the go—and it has an online brokerage account that allows you to buy securities directly from other investors in your network (or through brokerages like TD Ameritrade).
E*TRADE
E*TRADE is a good choice for beginners because it offers a low minimum deposit and has a mobile app. The customer service is also great, with live chat available 24/7 and phone support on Monday through Friday from 9am to 6pm ET.
The platform itself is easy to use, with a clear user interface that makes it easy to navigate.
Interactive Brokers
Interactive Brokers is the best online trading platform for active traders.
- Lowest fees: The company has one of the lowest fees in the industry, which is set at 0.25 percent per trade.
- Best for high volume traders: It’s also an excellent choice for those who want to trade large amounts of shares or options contracts at a time because it offers free upgrades and access to advanced features like real-time streaming quotes and order tickets (which allow users to monitor their orders).
- Best for options traders: If you’re interested in investing in stocks, ETFs or futures contracts, then IBrokers could be your best option because it offers different types of contracts depending on what type of trading activity you prefer (for example; stocks or ETFs).
Charles Schwab
Charles Schwab is a full-service brokerage firm. It offers both commission-based and direct trading solutions, as well as research, education and more. The company has an extensive range of investment products and services including stock trading in the United States, options trading in the United States and Canada, futures contracts on international currencies (including foreign exchange), mutual funds and managed accounts.
Schwab has low fees for its customers: $7 per trade for standard retail investors; no annual minimum balance requirement; no per share commission charges; no account maintenance charges or fees for transfers between accounts during the first 60 days after opening an account online or by phone at 1-800-435-4010
Merrill Edge
Merrill Edge is a full-service online brokerage that offers a wide range of investment products and services. The company is owned by Bank of America, which means that it has access to the resources of one of the world’s largest financial institutions.
Merrill Edge offers investors access to a variety of different trading platforms so they can choose what works best for their needs. You can trade stocks and other securities on your own account or through managed accounts with an advisor who will help you make better decisions when investing your money.
To get started with Merrill Edge, you’ll need at least $1 million in liquid assets in order to open an account (this minimum requirement may change as time goes on). There are no monthly fees associated with this platform—only commissions when buying or selling stocks or funds from other companies like Vanguard Mutual Funds Incorporated (VF), Pimco Funds LP (PZG) and BlackRock Institutional Trust Company Delaware (BRI).
Conclusion
If you are looking to invest in the stock market, check out these top online trading platforms. They are all great alternatives and will give you access to a wide range of investments at low prices.
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