Online trading continues to utilize technology to increase the features offered by online brokerage firms, while also keeping costs low. These three discount brokers offer everything you need for successful investing while maintaining low per-trade pricing. If you are looking to leave behind the high fees of full-service brokerage firms, take a look at Charles Schwab, Fidelity, and TD Ameritrade to maintain a high service level at a fraction of the price. Charles Schwab has a minimum of $1,000 investment to open an account, $2,500 for Fidelity, and TD Ameritrade has no minimum requirements. All three of these brokers provide top customer service and are all a great option.
Charles Schwab is one of the most recognized discount firms and their client satisfaction level is always among the best. You will receive $100 referral award when you first open your account that can help to defray trade fees, and with fees set at $4.95 per trade, it is a pretty nice deal. They also have a vast array of commission-free funds and ETFs. If you are looking for a discount broker that offers a high level of responsiveness and is consistently ranked among the best for customer satisfaction, give Charles Schwab a look.
If a one-stop shop for all of your financial needs is appealing, Fidelity may be the best choice for you. In addition to their discount broker services, they offer all types of financial vehicles for investing and retirement. There are also some local branches throughout the country that offer retail banking in addition to the brokerage services. Fidelity clients also enjoy a high level of service and a responsive and interactive investing platform. When you open your account, the first 300 trades will be free, with a fee of $4.95 for each trade thereafter.
The Canadian bank TD Ameritrade continues to make headway into the US market and their discount broker offerings are worth a look. With no minimum to open an account, it could not be easier to give them a test drive. Their trades are $6.95 and some accounts will qualify for a $600 bonus at opening. This brokerage offers a large selection of ETFs and funds that are commission-free and their customer service is also highly ranked. This is a great option for traders that invest mainly in mutual funds rather than single stocks, with many above average performing funds available.
Discount brokers are a great way to invest while keeping costs and fees in check. These three are all good options, and depending on your specific needs, one may be better for you than the others. Online trading continues to improve with each technological advancement and is now a viable option for investors at every income level. It is no longer necessary to pay for a full-service broker, especially as their online counterparts offer comprehensive research and numerous other resources to help you make informed trades. These brokers offer sound investment strategies that can help you to minimize risks while increasing your earnings. Take a look at one of these well-equipped options today.