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The Best Online Stock Brokers For Beginners in 2020

You might’ve been dissuaded from investing in stocks. “Brokerage is not for everyone,” you might tell yourself. But, in today’s day and age, you should start somewhere and somehow. That’s why today there are so many companies dedicated to helping beginners dive into the exciting world of investing.

There are tons of sites ready to educate you and give you the tools you need to start trading. If you’re looking for the best online stock brokers for beginners, look no further! We have tested pretty much everything out there. In the years of trying out different platforms, we’ve come up with the ultimate list - the best of the best.

These are the platforms you should be trying out yourself. Good luck!

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Online Stock Brokerages for Beginners - Top 3 Picks

Top 3 Picks

TD Ameritrade

$0 fees for stock trading

Plethora of educational tools and workshops

Free to try

Open Account READ REVIEW

E*Trade

Easy-to-use web platform

Comprehensive educational tools

Lower fees for long-time users

Open Account READ REVIEW

Merrill Edge

Simple-to-use, customizable platform

Rewards program with great incentives

Impeccable customer support

Open Account READ REVIEW

5 Best Online Stock Brokerages for Beginners

1. TD Ameritrade

$0 fees for stock trading

Plethora of educational tools and workshops

Free to try

Open Account

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An industry leader, TD Ameritrade is great not just for experienced and veteran traders but for beginners, too. Education-wise, it is unmatched, and its world class tools firmly place it at the number one spot among competitors. The recent price cut and demo account mean that you can trade through this company without worrying about a massive bill afterwards.

Read full review

Fees

$0

Account minimum

$0

Special offer

Get up to $600 when you open and fund a new account

2. E*Trade

Easy-to-use web platform

Comprehensive educational tools

Lower fees for long-time users

Open Account

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One of the oldest stock brokers in the US and actually the first one to introduce many new technologies into this industry. E*Trade hasn't completely cut out its fees, but it offers big incentives for frequent traders, alongside a state-of-the art HTML5 platform that runs smoothly. The signup process takes just four simple steps and is the fastest in the industry.

Read full review

Fees

$0 per trade

Account minimum

$0

Special offer

Cash credit of $100 to $2,500, depending on the deposit amount.

3. Merrill Edge

Simple-to-use, customizable platform

Rewards program with great incentives

Impeccable customer support

Open Account

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As a part of the Bank of America, Merrill Edge enjoyed the privilege of starting with a solid user base and an interconnected platform. This stock broker is one of the best choices for absolute beginners, with an easy to use yet powerful MEMP platform. Preferred Rewards Program is available in case you also have an account with the Bank of America, offering incentives on other banking services.

Read full review

Fees

$2.95 per trade

Account minimum

$0

Special offer

300 online stock and ETF trades with $0 fee, no minimum deposit required

4. Fidelity

No fees for plenty of services

Voice assistant supported

Great for research

Open Account

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30 million users can't be wrong about Fidelity Investments. A famous brokerage with decades of experience has also introduced $0 fees, but it's a good option for cash management. It has the most high-tech platform of all - able to connect to Alexa smart speakers, with an equally impressive mobile app to boot. Experienced brokers highly recommend this platform for researching portfolios.

Read full review

Fees

$0 per trade

Account minimum

$0

Special offer

No promotion available at this time

5. Interactive Brokers

Best mobile platform

Demo account available

24/7 customer support

Open Account

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There aren’t many companies like Interactive Brokers. It operates internationally, it's connected to all electronic exchanges, and it’s regulated by the biggest bodies in the industry. The IBKR Lite account was recently introduced as an incentive for beginner traders, with unlimited US stock trades at $0 fee. Many prefer its mobile app over the desktop version, and there's also a demo account available.

Read full review

Fees

$0 per trade

Account minimum

$0

Special offer

No promotion available at this time

How Do We Determine the Best Online Stock Broker for Beginners?

Our policy at Fortunly is to be transparent about what we do and how we pick and choose the services we write about. Therefore, we’ll be guiding you through our review methodology, pointing out key features that we look for at various stock brokers. Here are the three key criteria we take into account for our reviews:

Commissions & Fees

Everyone likes to save a pretty penny here and there. But traders want to earn some money for their services through commissions. This can be a hard balancing act, so we first take into account the beginner broker pricing model. Many firms are now undercutting each other to stay competitive, which in turn proves to be beneficial for new traders. Sometimes the commission gets dropped to zero after a certain number of trades, or the customer can get a free brokerage account to try out the system. Whatever the case, it all serves to save quite a lot of money in the long run for the trader.

Trading Technology

It’s not all about the money, though. If the service is feature-rich and runs on newer technology than its competitors, it still has better value than a poorly constructed but cheap platform. Of course, the best stock broker for beginners checks both of these marks.
So, what makes online trading platforms good? A new trader would need a way to research and learn more about stocks, get real-time, or fast enough updates on prices, and the platform itself needs to be fast and run without a hitch. This is where we score technical strength of the platform along with ease of use and any additional, unique features.

Customer Experience

A company that takes good care of its customers is always going to score high in our book. It may not be the cheapest stock trading platform, but if it treats its customers poorly we can’t recommend it with a clean conscience.

We look for companies with knowledgeable support teams and multiple contact options that don’t take too long to resolve customer issues or answer questions. The better the customer experience, the higher the rating. And vice versa.

At a Glance

  • Fees: $0
  • Account minimum: $0
  • Special offer: Get up to $600 when you open and fund a new account

TD Ameritrade has been around for decades – it began in 1975. This Omaha-based company is considered to be one of the best, if not the best, in this business. It is known for its easy-to-use online brokerage platform and hundreds of educational centers across the United States. You simply can’t talk about trading stocks without mentioning TD Ameritrade. But, enough about its popularity, let’s see whether it’s a good choice for a beginner or not.

Commissions & Fees

TD Ameritrade may have been around since the last century, but its pricing sure is fresh. This beginner broker features $0 fees on certain trades, a massive shift from the previously pricy business model. Many wouldn’t even consider it a good choice for beginners just a year ago. So, what happened exactly? In the fourth quarter of 2019, its business model was totally reformed. Today, a new trader can trade through TD Ameritrade without breaking the bank.

Let’s start with the most interesting stuff – its free services. Here there are no fees for ETF, option trades, and online stock, while the per-contract options fee is just $0.65. If you need a broker’s assistant, that bumps the price up to $25, while using the interactive assistant over the phone costs $5. Refreshing its business model has secured its spot at the top among the best online stock brokers for beginners.

Trading Technology

TD Ameritrade has been the leader among stock trading companies due to the powerful technology it utilizes for its services. Its most well-known platform is Thinkorswim, previously a standalone platform that anyone could purchase a license for, but now an integral part of this online broker. Granted it is on the more advanced side, providing hundreds upon hundreds of studies it can quickly produce for each chart or real-time data.

Beginners, don’t fret. There is a platform for you, too. The second platform is called TDAmeritrade.com, and it is, without a doubt, the best trading platform for beginners. It works as a gateway of sorts for a selection of third-party software like CRFA, Market Edge, Morningstar, as well as a portfolio tool with pre-built models. Of course, once you master this tool, you can hop on the more complex one without losing your work.

If you prefer smartphones over desktops and laptops, there are also apps for iOS and Android. These work on tablets, too, and even on smart watches, so you can quite literally take the office with you on a run. And that best stock trading platform we mentioned before, Thinkorswim? It works on mobile devices, too, and takes full advantage of their touch screen capabilities.

Customer Experience

TD Ameritrade isn’t only dedicated to providing a world-class toolset, but also to educating its customers. On the website, you can engage with livestream seminars and presentations, read up on helpful articles, and test your knowledge with fun quizzes. Immersive courses teach you the fundamentals of online trading, with a deep dive into a variety of categories. You won’t have to follow a predetermined curriculum, instead choosing to learn exactly what you want, when you want.

Online lessons aren’t the only thing that makes this online broker best for beginners. A feature called PaperMoney works as a sort of sandbox for trying out the tools, using $100,000 in “practice funds” to go wild and explore different options and strategies. Best of all, this tool doesn’t even require an account since it’s available through the 60-day trial. Don’t like the digital stuff and prefer a more in-person experience?

There are nearly 300 education centers around the US where TD Ameritrade hosts panels, runs one-day crash courses called Market Drive, and organizes workshops where rookies can learn how to invest online.

Of course, this wouldn’t be the best stock trading site for beginners if it didn’t have amazing customer support. Whether you contact them via phone, email, chat, Facebook Messenger, or even Amazon Alexa, all of your inquiries will get a quick, precise answer or resolution. This is how great customer service should be.

Final Words

TD Ameritrade continues to be the industry leader, not just for experienced and veteran traders but for beginners, too. The decision to drop certain fees to $0 proved highly successful. Education-wise, it’s unmatched and its world-class tools firmly place it at the number one spot on our list.

Reasons to Buy

$0 fees for stock trading

Plethora of educational tools and workshop

Free to try

At a Glance

  • Fees: $0 per trade
  • Account minimum: $0
  • Special offer: Cash credit of $100 to $2,500, depending on the deposit amount.

E*Trade, another top stock trading site for beginners, is one of the oldest trading companies in the United States, and the first of its kind to process electronic trades. For decades, E*Trade has led technology forward, always staying in the lead. Today, it is a company every respectable stock trader is familiar with. But how is it for an absolute beginner? Is the experience equally great? Let’s find out.

Commissions & Fees

This is, unsurprisingly, another big name company that entered the 2019 price war and came out victorious. Just like some of its competitors, E*Trade charges $0 on stock trading, ETF, equities, and options. However, there is a tiny ECN fee of $0.005 per share, a fee other best online brokers have managed to avoid.

Good news is that the fee can be avoided if you trade during the market hours, even though that means putting some unneeded pressure on yourself. For options, there is a standard $0.65 per-contract fee, while trading penny stocks incurs a $6.95 fee.

If you become a regular trader, meaning you get $250,000 or more into your stock account or trade more than 30 times during a single quarter, E*Trade will lower the per-contract fee to $0.50. Beginner traders that are in it for options should definitely pick this site over the others.

Trading Technology

The best online trading sites should be exactly that, websites, not apps that you spend way too long installing, setting up, and then finally giving up on after wasting your whole afternoon. E*Trade is completely web based. If you have a device that connects to the internet, you’re all set and ready to buy stocks online.

The platform is called Power E*Trade, it runs on HTML 5, and it is compatible with both computers and smartphones. Even if you don’t use a native mobile app, the web one performed amazingly well and is actually a good choice for a beginner to learn on.

Even though it’s mostly a beginner broker platform, Power E*Trade reveals a lot of powerful features once you scratch the surface. There are dozens of drawing tools, real-time screening options, support for custom grouping, and an integrated TradeLab tool for deep analytics and research. New traders are encouraged to explore the possibilities of this application and are never met with confusing or unfriendly interfaces.

There are even smiley faces representing risk/reward factor, followed by carefully selected key events. It’s very easy to get information at a glance with this kind of tool.

Customer Experience

Another reason why E*Trade is among the best online stock brokers for beginners is how easy and fast it is to set up your account – it only takes four steps. Before you know it, you’ll have already prepared your strategy for trading and investing online. While this process is streamlined, the site is somewhat lacking in explanations, especially in the ‘requirements’ section. For many, the mobile application is a better choice. It sports a modern design that’s easy to follow, and it works with all kinds of Android and iOS devices.

Education-wise, E*Trade is setting a great example. Its video lessons and articles cover all topics imaginable. Looking for the best stocks for beginners? There’s an article on that. Stuck with creating custom views? A two-minute video lesson will help you out. The company also organizes 12 free web seminars per month, providing even more opportunities to learn.

On the side of direct support for its customers, E*Trade offers all of the expected venues – email, phone, and live chat. Since you can’t run a stock brokerage without a presence on social media, the company can be reached through all of the popular platforms, too. For customers that invest a lot through their online brokerage account, the priority customer support option becomes available.

Final Words

E*Trade is among the top stock brokers for beginners. Its no fee stock trading, amazing customer service, and sleek trading platform are all reasons why so many beginner traders choose this platform. Even better, once you’ve become an experienced trader, the tools and some extra features will prove beneficial. It’s a great broker all around.

Reasons to Buy

Easy to use web platform

Comprehensive educational videos

Lower fees for long-time users

At a Glance

  • Fees: $2.95 per trade
  • Account minimum: $0
  • Special offer: 300 online stock and ETF trades with $0 fee, no minimum deposit required

Merrill Edge might be among the youngest brokerages we’re looking at today. Launched in 2010 as part of the Bank of America, it’s constantly evolving to keep its status as a best online brokerage firm. In fact, it’s undoubtedly one of the best choices if you’re already a Bank of America client since opening and connecting the account will cost you absolutely nothing.

More than half a million traders joined the platform the moment it launched, and the user base kept growing, with the past years introducing some of the biggest changes for Merrill Edge and its clients.

Commissions & Fees

A Merrill Edge account, once again, will cost you $0 if you’re already with the Bank of America. But that’s not where the free stuff ends. This company joined other best brokers in the business during the late 2019 reforms and the biggest price war of the past decade.

That means the company has taken commissions out of the equation, introducing free unlimited trading of ETF, penny stocks, and equities. Per-contract options commission is now at the industry-standard rate of $0.65, while the assistance of a broker will cost you $29.95 per trade.

Another great incentive is the so-called Preferred Rewards program. This is beneficial if you have a Bank of America checking account, as it can reduce or even eliminate certain fees for Merrill investing, as well as other banking services. No other company in our online brokerage comparison offers such a program, so this is a big plus for Merrill.

There are conditions, though, as you’ll need to meet certain thresholds during three-month periods, with the minimum being $20,000 average combined balance in the deposit account. But once you qualify, you can strive to reach higher tiers with even more benefits.

Trading Technology

Many consider Merrill Edge’s platform to be one of the best choices for beginner and intermediate traders. It’s called Merrill Edge MarketPro, or MEMP for short, and works as an active trader platform. In the past, many wouldn’t consider it to be the best place to buy stocks, due to some steep requirements new clients had to meet, as well as slower trade processing. But in the spring of 2020, the company opened this app to all of its clients.

The MEMP application is highly customizable, with widgets and filters that let you sort all of the data to your liking. Merrill Edge even plans to introduce AI learning as a way to make everyday use even easier for its customers. For traders that prefer mobile platforms, all of the features of the web version are available on the go. The integrated popular research tools make this one of the best investing websites available today. These tools include Lipper, Morningstar, Recognia, Trefis, and MSCI ESG.

Working with this platform is a treat. Everything is accessible and visually appealing, with interactive charts to boot. Creating watchlists couldn’t be simpler, so you can get a quick glance at your portfolio, with real-time updates. Compared to other web platforms, MEMP is leagues ahead.

Customer Experience

Being a Bank of America company, Merrill Edge holds very high customer service standards. New traders love this platform for all of the included educational and planning tools. Once you open your brokerage account for beginners, a question pops up – “How do you like to learn?” Then you have the option to choose the expertise level, and the exact topic you’d like to learn more about.

While the company doesn’t organize live-streamed webinars or integrate discussion boards into its website, the toolbox it provides is still quite rich. You can choose to learn through short courses, read up on articles, watch videos, and finally test your knowledge through fun quizzes. These are also available through the mobile app, so you can learn while you’re on vacation or on your daily commute.

To be the best online stock brokerage company, one also needs to provide excellent customer support. This is a venue where Merrill Edge excels, too. Customer support is available 24/7 over the phone, email, and live chat, providing quick and easy answers to any questions you might have.

For the live chat option, wait times are usually under a minute, so even the most pressing matters get resolved in a flash. And don’t forget, this is part of Bank of America, after all. That means you can visit any of the 2,000 locations around the United States and get face-to-face support.

Final Words

There’s no doubt Merrill Edge is one of the top stock brokers for beginners, providing an easy-to-use trading platform and slew of educational tools for users. With so many great incentives, especially for existing Bank of America customers, it’s not hard to understand why so many people have put their trust in this company. It is truly one of the best choices for beginners, but is also useful for seasoned professionals.

Reasons to Buy

Simple to use, customizable platform

Rewards program with great incentives

Impeccable customer support

At a Glance

  • Fees: $0 per trade
  • Account minimum: $0
  • Special offer: No promotion available at this time

Fidelity Investments carries a lot of badges on its chest, not just for being a top trading platform for beginners. It’s one of the oldest brokerages in the United States, starting computerized stock trading in 1984, but it’s also one of the biggest. Today, there are more than 30 million people that trade stocks through Fidelity’s platform. It has always been a groundbreaker, so let’s see how it fares in modern times and, especially, after the recent price wars.

Commissions & Fees

So many users wouldn’t have stayed all of these years with Fidelity if it wasn’t affordable. Another reason for investors to be happy with this firm is that it is among the many beginner broker platforms that slashed their prices in early October 2019. Not only did it get rid of trading stock, options, and ETF fees, but it also lowered the costs for transfers and account closures. But this is all standard now for different stock platforms.

What sets Fidelity Investments apart is reducing costs to its customers by not asking for any payments for order flow (PFOF) and even showing the improved price on eligible orders. Per-contract fee is at $0.65, though, so no competition there.

Fidelity is also good for cash management, something we see more and more among the best online stock brokers for beginners. If any money is left in your portfolio, the system automatically puts it into a high yielding asset. The interest rate is as high as 1.58%, one of the highest in the industry. And the fee for broker-assisted trades is a bit higher than that of other companies, sitting at $32.95. Most companies set this price just under $30, so if you request this service often, it can rack up a much higher bill.

Trading Technology

With so many years of experience under its belt, it comes as no surprise that Fidelity runs on a highly sophisticated platform. Many consider it one of the best online brokers for beginner stock traders looking for comprehensive research tools. The platform is web-based and can be connected to your Google Assistant to remind you about any portfolio updates.

Fidelity’s screeners are some of the best in the industry, combining ease of use with rich data display, while stock research can be done through nearly twenty third-party reports.

We also recommend Fidelity Viewpoints as one of the best features of this platform, providing all the necessary market commentary.

Online investing is also streamlined through Active Trader Pro, a desktop platform for creating watch lists with 48 columns and managing portfolios with more than 160 studies and other tools. It’s the best trading platform for stocks, although it is free for only a year, but it will pay off very quickly.

We also can’t forget traders that prefer having a mobile office. Fidelity’s mobile app is on par with the desktop one, providing almost the same level of customization and research, although it’s mostly practical for investors. Still, it’s a must if you decide to go with Fidelity Investments, proving to be a great addition to the big screen one.

Customer Experience

Fidelity Investments combines a powerful platform with an easy-to-use interface. Its similar approach to educational tools makes this the best online stock broker when it comes to a customer’s learning process. It connects with Google Assistant, Amazon Alexa, and other voice-activated apps, so the experience is fun and fluid. Of course, you can join in an online seminar, learn through customized courses, or watch videos on specific topics.

Tracking the progress of each lesson is easy with provided roadmaps, so you always know exactly where you stand. However, customer support is not available 24/7. Representatives are there for you Monday through Friday via phone and live chat, as well as in nearly 200 in-person offices across the country.

Final Words

Fidelity scores high in our beginner broker comparison for many reasons. The experience is just the tip of the iceberg, as the company proved time and time again that it can create feature-rich software, remain highly competitive in the current market, and plan for the future with the integration of voice assistants in its services. The total removal of certain fees is the cherry on top.

Reason to Buy

No fees for plenty of services

Voice assistant supported

Great for research

At a Glance

  • Fees: $0 per trade
  • Account minimum: $0
  • Special offer: No promotion available at this time

Founded in 1978, Interactive Brokers is one of the best online stock trading places for experienced traders and beginners alike. This is a big, international company connected to all electronic exchanges through its global network and regulated by FCA and SEC. With continual support for its trading tools and a price matching its competitors, this company has a top spot in this highly competitive market.

Commissions & Fees

Like the other platforms on this list, Interactive Brokers also reduced its fees for ETF and options to $0. It also recently introduced the IBKR Lite pricing plan aimed at beginner and casual traders that answer the question: “How can I buy stocks for free?” This comes with unlimited free trades on US-based exchanges, and no inactivity and maintenance fees, while option trades cost as much as in the Professional plan.

However, Lite account users won’t have access to the Trader Workstation, and instead will have to settle with the mobile app and website for trading – not a terrible downside to saving a lot of money.

If you upgrade your brokerage account to IBKR Pro, expect a $0.005 fee per share, with $1 or 1% of trade value as a minimal fee charged. But there are no limits on what and when you can trade, so it balances itself out. Once you manage to pass 300,000 traded shares in a month, the fees will drop significantly.

Trading Technology

Customers looking for the best online stock broker for beginners will most likely be satisfied with the Lite plan and trade online through the website. That doesn’t mean the web app is cripple. Quite contrary, it offers a plethora of analytics tools, especially for portfolios, as well as watchlist creation with real-time updates.

You can also get a debit card and pay your bills through this platform, so it doubles up in functionality without sacrificing much. Granted the research provider list is limited to 30; even the Pro plan barely sits at over a hundred, while competitors offer nearly double that number of providers.

Of course, if you want the best online broker, you’ll need to spend a little money for the Pro account. In turn, you’ll get access to the desktop version of Trader Workstation, which many consider to be the best choice for experienced traders. The application goes even further, with heatmaps, more real-time monitoring, and the ability to submit complex options. You can also set up notifications, so you won’t have to track everything at once.

On the mobile side of things, the same platform shows 50 columns, a news feed, charting, and scanners, and it allows preset creation for faster workflow. You can also request the robo-advisor, which while incurring a small fee, provides even more options.

Customer Experience

Compared to the best investing sites, Interactive Brokers lacks in user-friendliness and navigation ease. Beginners will have a hard time figuring out exactly how much they’ll get charged for certain services, and that’s not painting a particularly great picture. The mobile app is, therefore, a much better choice, as it’s easier to navigate and presents all the information in a clear format.
To learn about online investing, new users can create a demo account with $100,000 in virtual money.

The virtual classroom includes webinars, online courses and short videos, as well as a glossary of terms.

Customer support is available seven days a week, 24/7 via phone, live chat, and email. Representatives respond fast to any beginner brokerage questions you might have. They speak several languages, and waiting time is usually around one minute. The company doesn’t have any offices you can visit for in-person support though.

Final Words

With the introduction of IBKR Lite, what used to be perceived as an exclusive club for veteran traders is now more welcoming to rookies. Waving fees is exactly what Interactive Brokers needed to do to make a grand entrance in the year 2020 alongside its amazing platform and mobile app.

Reasons to Buy

Best mobile platform

Demo account available

24/7 customer support

What to Look For When Choosing the Best Beginner Stock Brokers

Trading stocks used to be such a complicated matter. The lingo was hard to understand for beginners, the digital trading platforms looked incomprehensible to the untrained eye, not to mention how expensive the whole ordeal was. For many years, brokerages took a hefty cut out of every transaction, every stock bought or sold, offering little incentive to the customer to stay with a company for a longer period of time.

But the whole industry did a 180 in October 2019, with companies launching a massive price war and, ultimately, benefiting the little guy. Today, it’s actually hard to determine which trading site is best for beginners as, at a glance, everyone is offering an equally good deal. Or are they? We’ve determined specific criteria for picking the top stock brokers. Here’s how we did it.

Company Reputation

Short and sweet. Is the broker well-known? Have they been in the business long enough? Have they gathered a large customer base that’s been growing throughout the years? In a never ending sea of mediocre stockbrokers, the ones with either decades of experience or a lot of happy customers proved to be the best choice for experts and beginners alike.

Is “Free” Really Free?

Beginner brokerages should be affordable and be less of a monetary risk for the new user. The trading itself is already daunting enough, so a typical beginner will look for cheaper or, even better, free platforms to get their feet wet. Luckily, thanks to the aforementioned price war, most of the platforms dropped some of their fees to $0, but some have gone a step further and reduced even more prices.

Look for those kinds of deals, check for any of the expenses that might appear along the way, like tiny per-share costs that add up a lot over time. If the site has a demo or test account, that’s even better.

Ease of Use and Available Tools

You’ve registered for your best brokerage account, so you expect the platform to be easy to understand, customizable, and available on desktop and mobile. Take a look at all the features, how many tools are available, but also what the beginner experience looks like.

Many brokers have introduced beginner-friendly versions of their popular apps or created better integration with popular services like Google Assistant. A good platform should therefore be versatile, but it should not overburden someone who has just gotten into stock trading. Offering an optimized mobile app is a big plus here.

Education

It’s not only about getting a customer to start trading through investing platforms, but to help them learn and take on even bigger tasks. The best investment sites offer plenty of educational materials, from articles and videos to both live and online seminars. What’s even better is if the learning tools can be tailored to the customer’s previous experience, with ways to track progress through each lesson, and finally, test their knowledge through tests and quizzes.

Contact Options

Learning to trade stocks isn’t always smooth sailing. Therefore, online investment companies should be available to help you along the way. Email, phone support, and live chat are a must, but you should also check if the company has a social media presence. Finally, 24/7 support and longer working hours are a big plus. Not everyone’s nine-to-five workday is in the same time zone.

Frequently Asked Questions

1. What is the best online brokerage for beginners?

Many, including us, consider TD Ameritrade as the best possible option whether you’re a beginner or have some experience with stock trading. This is a company with decades in the business, a highly developed trading toolset, and one of the rare ones that has education centers across the United States.

While it hasn’t done away with all of its fees, it’s obvious that your money goes to improving the service and towards developing your personal education in becoming a top stock trader. The platform is easy to use and customizable, and it works on smartphones. You can even get a free demo account with this option, so give it a shot.

2. What are the best online stock brokers?

Five companies proved themselves to be the absolute best in this business after the great price war in late 2019. These are TD Ameritrade, E*Trade, Fidelity, Merrill Edge, and Interactive Brokers. They all have $0 fees on trading stocks, ETF, and options, with minimal fees on other services that will not break the bank. Even if you’re an experienced trader, you’ll find plenty to like with any of these brokers.

3. What are the best stocks to buy right now?

Starting a portfolio today couldn’t be easier. Amazon, VISA, Microsoft, and Alphabet are the most obvious choice and, more importantly, they’re all very stable or on the rise.

4. Which online broker has the lowest fees?

There are many affordable stock brokers for beginners today. Compared to the situation from just a year ago, most of them can fall under the category of free or at least nearly free. All of the companies we have reviewed today don’t charge any fees for trading stocks, so it’s mostly a matter of choosing which has the tools that most suit your needs and experience.

5. What is the cheapest way to buy stock?

The pros in the business would most likely tell you to go DSPP, as in buy stocks directly by yourself. Of course, in order to do so, you have to possess a lot of experience to easily determine what to buy without the help of a broker. Or you can pick one of the best online stock brokers for beginners, use their highly sophisticated tools and mobile apps, and start trading like a pro.

Most of them don’t even cost a dime, so the risk factor is very low, not to mention you’ll end up learning more through a platform like that than just jumping into the pool full of sharks.