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10 Best Online Brokers For Stock Trading In 2021

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Throughout the world, online trading has become one of the most popular activities. According to recent statistics, about $5 trillion worth of trades are conducted each day. While trading is possible, many people are still unsure where to start.

Different types of trading opportunities exist today. Some trades give you the ability to invest for long-term profits. Stock is a good example, allowing you to buy shares in companies. These shares can be held for a period of time and then sold once the value rises. Buying shares at the right time can bring about a significant profit if the company’s stock gains in value, but without the right data to back up your plan, you may end up losing instead. Similar to other trading options, when investing in stocks, it is important to consider the risks.

If you are looking to start stock trading on the internet, then this guide is for you.

We look at some of the best online stock brokers that you can use in 2021. Each broker is hand-selected by our team, after careful consideration and taking everything offered by the company into account.

Best Online Stock Brokers In 2021

Important!

We want you to be sure that the company you register with can be trusted - which is why we have done extensive research. We looked at a large number of factors to bring you only the top options when it comes to stock investments. Below, you’ll find a quick overview of our selection - these are currently the best stock brokers that you can invest your money with.

Position Logo Broker Min. deposit Leverage Open an account
Position: 1
Logo Webull
9.6
BrokerWebull Min. deposit: $1 Leverage: 1:2 STUDY REVIEW
Position: 2
Logo Interactive Brokers
9.5
BrokerInteractive Brokers Min. deposit: $1 Leverage: 1:1000 STUDY REVIEW
Position: 3
Logo Fidelity
9.4
BrokerFidelity Min. deposit: $1 Leverage: 1:1 STUDY REVIEW
Position: 4
4
Logo Degiro
9.3
BrokerDegiro Min. deposit: $1 Leverage: 1:1 STUDY REVIEW
Position: 5
5
Logo Charles Schwab
9.2
BrokerCharles Schwab Min. deposit: $1 Leverage: 1:2 STUDY REVIEW
Position: 6
6
Logo ETrade
9.1
BrokerETrade Min. deposit: $1 Leverage: 1:1.5 STUDY REVIEW
Position: 7
7
Logo Robinhood
9
BrokerRobinhood Min. deposit: $2000 Leverage: 1:500 STUDY REVIEW
Position: 8
8
Logo TradeStation
8.9
BrokerTradeStation Min. deposit: $500 Leverage: 1:50 STUDY REVIEW
Position: 9
9
Logo Zerodha
8.8
BrokerZerodha Min. deposit: $1 Leverage: 1:1 STUDY REVIEW

Change of Positions in the TOP-5 Stock Brokers in the World in 2020

Average score of the Top 5 Stock brokers on the Traders Union ratings list

9.6/10
Webull
9.5/10
Interactive Brokers
9.4/10
Fidelity
9.3/10
Degiro
9.2/10
Charles Schwab
Information

We have made thematic ratings of Stock brokers against several parameters to ease your burden of selecting the best broker for your needs.

Top 3 Online Stock Brokers Overview

Stock brokerage and investment is not something new. It has been around for a long time, but people used to invest by visiting local brokers. Sure, this had benefits, but it also came with large commission fees in most cases. With the rise of online brokers and agencies, trading has become much more affordable. You are now also given more control over your own portfolio, allowing you to buy or sell the stock with just a few clicks.

Online brokers give you access to a digital platform that you can use to check the current stock that is available. You can initiate a buy-on stock or sell the stock that you currently hold in your portfolio.

Below, we'll give you a quick overview of our top three online stock brokers. These brokers are all reputable and have been operating for several years. Millions of people have traded through these brokers, which gives you peace of mind. We'll take a look at what each broker offers, how you can go about setting up an account, and share other data that you need to consider.

  • 1
    Webull
    Webull is an American broker-dealer headquartered in New York City and is a FINRA, SIPC, NYSE, and NASDAQ member. The company was incorporated in May 2017, and in January 2018 it was already registered with the SEC. It is part of Webull Financial LLC and is licensed to carry out brokerage activities in all 50 US states. The broker offers a wide range of stock market assets, professional analytics and an intuitive trading platform with a variety of technical and fundamental analysis tools.
  • 2
    Interactive Brokers
    Interactive Brokers is among the best-known US investment companies, operating since 1977. The broker offers to trade currency pairs, but its basic instruments are stocks, CFD, indices, metals, ETF, futures, and other exchange market assets. The company is regulated by the US Securities and Exchange Commission (SEC), the US Financial Industry Regulatory Authority (FINRA), the UK Financial Regulatory Authority (FCA), and other international financial regulation commissions. In 2020, the broker was awarded the "Best Online Broker” (Barron's) and "Best Broker for Economical Investments" (NerdWallet) titles and got five stars in the Online Stock Trading for Traders category (Canstar).
  • 3
    Fidelity
    Fidelity Investments is a large American financial services company. It was founded in 1946 by American businessman and lawyer Edward Crosby Johnson II. It provides services to traders in trading securities and commodity assets and allows investors to invest in mutual funds and investment funds, form portfolios for a variety of instruments, including bonds and annuities with fixed income. The company has received several awards: according to Barron's, Investors Business Daily, Kiplinger, and Stock Brokers. Fidelity Investments is recognized as the best online broker of 2020.

Stock Brokers Fees Comparison

While we’ve shared a selection of three top brokers for investing in stock, you may still find it hard to get an option that perfectly fits your requirements and preferences. That is why we look at 10 different platforms in this post. In this section, we will compare several features of these 10 platforms. This will help you understand how you can deposit money, withdraw your profits, and what fees are payable on each platform. Use this data to help you make a more informed decision when choosing a stockbroker that is right for you.
Logo Broker Minimum Deposit Withdrawal Fees Transaction Fees Open an account
Logo Webull Webull $1 From $0.02 Yes STUDY REVIEW
Logo Interactive Brokers Interactive Brokers $1 From $2 Depending on the currency and withdrawal method STUDY REVIEW
Logo Fidelity Fidelity $1 From $1 No STUDY REVIEW
Logo Degiro Degiro $1 No There is a bank commission STUDY REVIEW
Logo Charles Schwab Charles Schwab $1 From $1.5 Yes STUDY REVIEW
Logo ETrade ETrade $1 from $1 There is a bank commission STUDY REVIEW
Logo Robinhood Robinhood $2000 From $0 No STUDY REVIEW
Logo TradeStation TradeStation $500 From $0.60 No STUDY REVIEW
Logo Zerodha Zerodha $1 From $ 0.5 Yes STUDY REVIEW

Stock Trading Platforms Comparison

Having the freedom to trade from anywhere is one of the many benefits that the internet has given us. With this in mind, when looking for an online broker, consider the platforms that are supported. While a majority does offer mobile and desktop apps, this is not the case with every platform. Make sure the company you use for shares online trading can deliver a platform you can access on your preferred devices. The best stock trading platform is sometimes cited as MetaTrader, which is why we decided to include this software in the comparison table below too.

Broker Web Mobile Desktop MetaTrader
Webull Yes Yes Yes Yes
TD Ameritrade Yes Yes Yes No
Fidelity Yes Yes No No
Robinhood Yes Yes No No
Etrade Yes Yes Yes No
Charles Schwab Yes No No No
Interactive Brokers Yes Yes No Yes
Ally Invest Yes Yes No No
Tastywork Yes Yes Yes No
TradeStation Yes Yes Yes No

Online Brokers Withdrawal Methods Comparison

Depositing funds for stock trading is generally simple and straightforward. Many companies offer support for card payments, bank transfers, and more. When it comes to withdrawing, however, choices are often more limited. This is why you should always take a closer look at the withdrawal methods offered before deciding to register for a stock brokerage account. In the comparison table below, we look at our top 10 platforms and the withdrawal methods each supports. Some companies are also able to give you a customized debit card that makes loading your funds quick and easy.

Broker ACH Wire Transfer Check Debit Card
Webull Yes Yes No No
TD Ameritrade Yes Yes Yes No
Fidelity Yes Yes Yes No
Robinhood Yes Yes No Yes
Etrade Yes Yes No Yes
Charles Schwab Yes Yes No No
Interactive Brokers Yes Yes Yes No
Ally Invest Yes Yes Yes No
Tastywork Yes Yes Yes No
TradeStation Yes (Local transfers only) Yes Yes No

Top 5 Stock Brokers for Beginner Traders

Not sure what your best option is if you are completely new to stock trading and investing? Then you should look at the beginner-friendly features offered by brokers. Some brokers have features that make them more ideal for people who are new to trading. On the other hand, some brokers use a system that is more advanced - making it difficult for beginners to get the hang of how things work.

We’ve inspected our list of brokers to bring you the top options with beginner-friendly features and interfaces. Some of these brokers have over 5000 different stocks to invest in, allowing you to diversify your portfolio from an early stage.

Broker Stock Options Training Provided? Demo Account?
Webull 5000+ stock options Yes Yes
Tastyworks Frequently changes Yes Yes
TD Ameritrade 3 categories; new stock options added frequently Yes Yes
Robinhood 5000+ stock options Yes Yes
Fidelity 3500+ stock options Yes Yes

How To Buy Stocks Online

Now that we have looked at some of the best online brokers that can be used for buying and selling stock, you might find yourself interested in learning more. If you want to learn how to buy stocks online, then this section is for you. We will provide a five-step mini guide that gives you the processes to follow - by step five; you will have your very first set of shares loaded on your portfolio.

  • 1

    Consider Your Budget

    Before you sign up at an online broker, it is important to consider how much you can invest. This is an important step, as the minimum deposits and requirements for your first investment differ from one broker to the other. With some brokers, you can get started with as little as $5 or $10. Other brokers, on the other hand, require a more substantial deposit if you want to buy stock.

    Take a good look at your budget and determine how much money you are going to set out for stock trading purposes. A larger amount can bring you more profits but, at the same time, also holds more risks. Thus, make sure the money you invest is not something you rely on to buy groceries or to pay your bills. Just as with other types of investments, there are risks involved. Additionally, you may need to continue with the process for several months before you make enough profit to withdraw. Even though profits seem insignificant when investing a small amount, it can be a starting point.

  • 2

    Choose A Broker

    When you know how much money you will be investing in stock, the process of choosing among the best online brokers is much easier. You should look for a broker that matches your preferences and needs while still allowing you to make a deposit that is suitable for your budget. Take note that some brokers report that they have no minimum deposit, but most deposit methods are offered to require a specific amount to be funded.

    You could make a list of a few brokers that fit your budget - then do some research on each of them. This helps you have appropriate data on hand when choosing which one to register a stock brokerage account with.

  • 3

    Research And Choosing Stock

    After registering an account with your chosen broker and going through the verification process, you should start doing some research. Take a closer look at the stock options that are available at your broker. Some brokers will list some of the best-performing stocks or give you an overview of the latest trending options. This can be helpful when deciding which stock to buy - but you shouldn’t limit yourself to these.

    See if the broker you chose has any type of news feeds available. These feeds often hold valuable information related to shares from various companies. You can use this data to determine which companies are worth investing in and which stock options you should avoid.

  • 4

    Fund Your Account

    Funding your account shouldn't be difficult. Take a look at the funding options available on the platform, and then choose the one that suits you best. Follow the instructions provided and deposit the money that you have set aside earlier.

  • 5

    Purchase Stocks

    The final step is to use the funds that you deposited into your account to buy shares. After buying the shares, be sure to frequently check up on price changes. If you expect a fall in share value, it might be time to pull out and sell the stock in your portfolio.

Methodology

There are thousands of companies offering stock trading services on the internet. One company conducted research and found that over 1,200 brokerages support MetaTrader 4 - and thousands more have their own web-based trading platforms or mobile apps. It can be incredibly difficult to find one specific company to sign up with when faced with so many options.

This is why we devised a plan from the start. This plan was developed to help us filter through lists of online brokers and come up with a more concentrated list. We then proceeded to analyze each of the companies on the small list in order to bring you 10 of the best online brokers that you can use when investing in stocks.

Below is an overview of what we considered while doing research and taking a look at the online brokers that came up on our list.

  • Stock Options:

    When it comes to investing in stock, diversity is important. While you may only buy stock from one or two companies at first, you want to diversify your portfolio later on. This is why we looked at the stock options available at each broker. We preferred brokers who are able to offer access to a variety of stocks.

  • Fees:

    Some brokers charge fees for subscriptions or to use their platforms. There are also fees associated with deposits, withdrawals, and the transactions you make. Unfortunately, this can get eventually lead up to high monthly prices - which means you will be making less profit. We focused on ensuring the brokers we shared have low fees associated with transactions, withdrawals, and deposits. We also ensure these brokers do not charge for access to their platform.

  • Platforms:

    Some people prefer to trade while they are at home, while others rather want to initiate a buy or sell action on the go. We focused on providing a list of brokers that offer versatility in terms of platform support. This ensures you can gain access to the trading platform at any time and from anywhere.

  • Training:

    We want beginners to have a good opportunity to earn profit from their stock investments. This is why we also prioritized the online brokers that give their customers access to top-quality training and educational resources.

  • Customer Support:

    Another factor we considered while doing research is customer support. When you have a question or a problem with your account, you do not want to wait two weeks before you get support. We searched for companies that are able to offer efficient, fast, and expert support to every customer. Many of the brokers in our list even have a live chat function on their website - this helps you get in touch with an agent without having to wait several hours for a reply.

  • Authenticity:

    Apart from the factors above, authenticity is another crucial factor that we look at. Companies offering broker services need to be licensed with the appropriate authorities. Additionally, these companies should also be regulated. This is why all of the options we shared are both licensed and regulated, ensuring your money is safe while investing in the stock market.

Opinion of Traders Union’s Expert

Stock trading offers an investment opportunity that can grow at significant levels in a short period of time but also comes with high risks. Choosing one of the best online brokers is the first step to success with stock trading. There are several online stock brokers that help you buy and sell stocks. When choosing a stock, make sure you do research, ensure the broker you register with offers educational resources, and know when to initiate a buy or sell position. We looked at some of the best brokers that you should consider signing up with if you want to get into stock trading in 2021. These have been hand-picked to ensure you get a platform that is trustworthy and suitable for both your budget and your needs.

Antony Robertson
Traders Union’s Analyst

Top 20 Most Discussed Stock Brokers

Here you can find a list of the most discussed brokers as rated by Traders Union.
Important!

You can also submit your feedback about any stock broker on our ratings list by going to its Profile page. That will help us in our mission to provide everyone with the opportunity to objectively evaluate any company based on real and independent reviews.

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FAQs

Statistic

Can you get rich from penny stocks?

The question should rather be, can you make money from penny stocks. Getting rich from penny stocks is something that doesn't happen often, yet there have been cases where people have gained a significant amount of profit. A good example would be the Monster beverage company. By 2004, a stock had a price of $0.12. Today, the price of shares in the Monster beverage company had grown by over 60,000%. Thus, people who invested in these penny stocks over a decade ago now have significant profits to enjoy.

This is, however, quite a rare case. Most people who invest in penny stocks will only gain a small amount of profit if any. This does not mean it is not profitable. If you do your research and invest in the right companies, you could still profit. The goal would be to find those companies that have the most potential to grow - and to get stock while the prices are still low.

Chat

How do I buy my first stock?

Stock trading is not something you should jump into blindly. You can easily lose your entire investment - as many other people have experienced first hand in the past. If you are looking to buy your first stock, then education should be a priority. Make sure you educate yourself on how stock trading works and get access to the right tools. A good idea is also to get a demo account up and use that to do stock trading for a while. Use the demo account while you are educating yourself - up to the point where you understand how to make more accurate predictions.

Once you are ready to buy stocks with real money, ensure you sign up with a trusted broker. Don’t invest too much. Experts generally advise beginners to never invest more than they can afford to lose.

creditCard

How much should I invest?

One of the most common questions related to stock trading and investing is how much to start with. Some people would advise you to start out with over $1,000, while others may suggest an amount of about $200.

Truth is, you can start with any amount you feel comfortable with. There is no set minimum. Some of the top traders started out with just a minimal investment, then worked their way up from there. It is possible to trade and profit with a small investment. The profits will just be small at first - but if you do your homework and make successful trades, your profits can be used to increase your investments.

With this in mind, you should decide how much you can invest. Some companies offer low minimum deposits - sometimes as low as $10. While this seems insignificant to an expert trader who has already made their one-million mark, it can still be something for you to start with.

moneyFly

Is stock trading risky?

As with any other type of trading opportunity, buying and selling stock does come with risks. The specific level of risk you take on depends on a couple of factors. Finding a reputable company can help to lower your risk, as they will usually offer you analytical tools, as well as quality education.

Overall, make sure you understand that there will always be a risk of losing your investment. Stock prices can plummet overnight - but there is also the chance that these prices could increase just as quickly. Thus, it is a risky trade but worthy for some people.