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Investing (US)

15 best online brokerage accounts of 2021

Are you thinking of starting to invest or already an investor? We have come up with a list of the best online brokerage accounts!

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by Thais Daou

09/19/2021 | Updated on 09/22/2021

Learn the best online brokerage accounts of 2021

Our list of the 15 best online brokerage accounts is waiting for you! Source: Unsplash
Our list of the 15 best online brokerage accounts is waiting for you! Source: Unsplash

Those who want to improve their financial life usually seek to learn how to start investing. But whether you already are an investor or want to start investing, opening a brokerage account will be one of the steps you will go through. This is why we have made a list of the best online brokerage accounts.

We have separated 15 of these online accounts. Some are recommended for professionals, some are best indicated for beginners. See below our comparisons and choose which fits you best.

The 8 different types of investment accounts

In addition to having a normal bank account, you can open one of the different types of investment accounts there are. Come and see.

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The 8 different types of investment accounts

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15 best online brokerage accounts

Do you already know the best online brokerage accounts? Source: Unsplash
Do you already know the best online brokerage accounts? Source: Unsplash

Best for beginners

TD Ameritrade

OverviewThe best trading platform recommended for beginners
Account minimum deposit$0
Stock trades$0
Options $0.65
OffersN/A
ProsThe user interface of their mobile app is quite intuitive,
On this app, you can trade various products, and
Their app has powerful tools and a wealth of information
ConsLimited mobile live chat support,
You can only trade domestic markets, and
Mobile trading of mutual funds is not possible

E*TRADE

OverviewThe best online user platform
Account minimum deposit$0
Stock trades$0
Options$0.65
OffersWhen opening and funding an account, you can get $600+
ProsA large number of investment options are available,
Customer service is outstanding,
Access to a wealth of information, and
Trade stocks, options, and ETFs without paying a commission
ConsFor streaming data, a $1,000 minimum is required, and
In comparison to competitors, the range of educational materials is limited

Fidelity

OverviewThe best for investment research and education
Account minimum deposit$0
Stock trades$0
Options$0.65
OffersN/A
ProsExceptional execution quality, and
Overall, commissions and fees are low
ConsMargin rates can be higher than those of competitors,
Their mobile device has no custom screening, and
Their banking services are outsourced

Robinhood

OverviewThe easiest tool available
Account minimum deposit$0
Stock trades$0
Options$0
OffersAfter linking your bank account, you can receive one stock for free
ProsTheir user interface is simple, and
Trading in cryptocurrencies is available
ConsLack of tools,
There are no retirement accounts,
There are no mutual funds or bonds available, and
Their customer service is limited

Merrill Edge

OverviewThe best investment research tools
Account minimum deposit$0
Stock trades$0
Options$0.65
OffersN/A
ProsVarious account options are available,
Investment options are available,
Access to national branches, and
ConsIt is possible to outperform the trading platform, and
The margin rates are higher than those offered by other providers

For long term investing

E*TRADE

OverviewThe best online user platform
Account minimum deposit$0
Stock trades$0
Options$0.65
OffersWhen opening and funding an account, you can get $600+
ProsA large number of investment options are available,
Customer service is outstanding,
Access to a wealth of information, and
Trade stocks, options, and ETFs without paying a commission
ConsFor streaming data, a $1,000 minimum is required, and
In comparison to competitors, the range of educational materials is limited

Interactive Brokers

OverviewHighly recommended for more experienced investors
Account minimum deposit$0
Stock trades$0
Options$0.65
OffersN/A
ProsAccess provision to international markets, and
Their mobile app presents a lot of features
ConsThey have a TWS desktop platform, which is recommended for professional investors

Tastyworks

OverviewThe best online account for options trading professionals
Account minimum deposit$0
Stock trades$0
OptionsN/A
OffersN/A
ProsActive option traders can take advantage of low commissions,
Strong educational resources are available, and
Their technology and tools are cutting-edge
ConsNew options traders may face a high learning curve,
Global markets and fractional shares are not available, and
There is no paper trading available

TradeStation

OverviewThe best trading technology
Account minimum deposit$0
Stock trades$0
Options$0.50
OffersWith a qualifying deposit, you can get up to $5,000 in cash
ProsTrading platforms of the highest caliber,
Advanced research tools are available, and
A vibrant community of traders
ConsTS Select is required for free trading on the advanced platform,
There aren’t no-transaction-fee mutual funds, and
Plans and pricing can be difficult to understand

Zacks Trade

OverviewHighly recommended for more experienced investors
Account minimum deposit$2,500
Stock trades$0.01
OptionsN/A
OffersN/A
ProsThere are a lot of research options,
Trading platform with a lot of resources, and
International exchanges are available
ConsCommissions lag behind competitors. and
The account minimum is quite high

The safest online

This is our list of the best online brokerage accounts. Source: Unsplash
This is our list of the best online brokerage accounts. Source: Unsplash

TD Ameritrade

OverviewThe best trading platform recommended for beginners
Account minimum deposit$0
Stock trades$0
Options$0.65
OffersN/A
ProsThe user interface of their mobile app is quite intuitive,
On this app, you can trade various products, and
Their app has powerful tools and a wealth of information
ConsLimited mobile live chat support,
You can only trade domestic markets, and
Mobile trading of mutual funds is not possible

Ally Invest

OverviewAvailable for Ally clients who want to invest in stocks
Account minimum deposit$0
Stock trades$0
Options$0.50
OffersN/A
ProsAlly Bank provides excellent financial services, and
Account management on a global scale
ConsTrading tools fall behind the best-in-class banks and brokers, and
Education and stock research are limited

M1 Finance

OverviewIdeal for buying or selling stocks and ETFs
Account minimum deposit$100 or $500 for IRAs
Stock tradesN/A
OptionsN/A
OffersGet a $30 bonus when you deposit $1,000
ProsOver 80 professional portfolios are available to view, and
For ordinary accounts, automated investing is offered at no additional cost
ConsStocks and exchange-traded funds (ETFs) are the only investment alternatives,
There is no assistance from a human advisor,
The trading window restricts your ability to control investment transactions, and
Customer service hours are limited

M1 Finance Investing app full review

Are you a trader looking for an app with automated investing and no trading fees? Read our full review of the M1 Finance Investing app!

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M1 Finance Investing app full review

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Charles Schwab

OverviewThe best for customer service and IRA accounts
Account minimum deposit$0
Stock trades$0
Options$0.65
OffersN/A
ProsCustomer service over the phone has a short wait time,
Live chat is available 24 hours a day, 7 days a week, and
In-person support is offered at over 300 branch locations across the country
ConsAlerts, streaming quotations, and options chains are all missing from the mobile app

Charles Schwab Investing app full review

The Charles Schwab Investing app can be great to help you research your investments and trades. Keep reading our full review to know more!

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Charles Schwab Investing app full review

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Webull 

OverviewThe easiest to use
Account minimum deposit$0
Stock trades$0
Options$0
OffersN/A
ProsCryptocurrencies trading is available
ConsLimited tools,
In terms of trading tools, research, and teaching, it lags behind the best brokers, and
There is no phone assistance available

Liked our content? Continue reading our website!

Webull Investing app full review

If you are interested in stocks and trades, you might want to know more about the Webull Investing app! So, read our full review of this app!

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Webull Investing app full review

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About the author

Thais Daou

Thais Daou holds an undergraduate degree in Languages — Translating and Interpreting from the São Judas Tadeu University. She has been translating, proofreading, and transcribing financial documents, as well as documents from other fields, for five years. And now she begins a new chapter in her career, writing about financial solutions in a simplified way, with a desire to spread this knowledge, which is so important.

Reviewed by

Aline Barbosa

Senior Editor

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Advertiser Disclosure

We are an independent, objective, advertising-supported content publisher website. In order to support our ability to provide free content to our users, the recommendations that appear on our site might be from companies from which we receive affiliate compensation. Such compensation may impact how, where and in which order offers appear on our site. Other factors such as our own proprietary algorithms and first party data may also affect how and where products/offers are placed. We do not include all currently available financial or credit offers in the market in our website.

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