If you are interested in stock trading you can’t just do it on your own. Buying or selling stock is not an easy task and you need a good stock broker for this. A stockbroker also called as an investment broker is basically a financial advisor who works as a middleman and helps you in buying and selling stocks. They are expert in the field and know when to buy or sell stock.
There are three types of stockbrokers: Full-Service Brokers, Discount brokers, and Online Brokers.
Online Stock broker
Online trading is buying and selling shares or stocks over the internet and an online stockbroker is a firm that helps you in this process. They are also called as a direct-access stockbroker and their job is to just take orders. They provide you trading tools and give access to different investment options. Online brokers are less expensive than full-service brokers as they don’t give you any investment advice and just provide you a trading platform. Many online brokers don’t have an monthly or annual fee.
Best online stock brokers
It’s about investing your money so you need to be very careful while choosing an online stockbroker. More than 50 online stockbrokers are available and you need to choose the best one that can help in earning profit from your investments. Here are the best online stockbrokers in 2019:
- Interactive Brokers
Interactive Brokers is the biggest online trading platform in the United States. If you are an active trader you can make the best use of its services. It offers two plans; tiered plans and fixed-rate plans. If you choose tiered plans the trading costs will be less but for that, you have to be an active trader. It also connects you to all stock exchanges of the world.
Fidelity offers low costs as there is no annual fee and transaction fee and cost per trade is just 4.95 dollars. It offers around 500 commission-free ETFs. It’s known for providing great customer service and best trading tools. Fidelity now allows everyone to use its Active Trader Pro platform which gives you access to efficient trading tools.
- TD Ameritrade
TD Ameritrade is among the leading online brokers and offer more than one platform for trading. You can use its website, mobile app for selling or buying stocks but its desktop platform thinkorswim is perfect for you if you are an active trader. It also offers education platforms for beginners. It has also lowered the cost per trade, which is now 6.95 dollars.
- Charles Schwab
Charles Schwab is great option for you if you are an active trader or a beginner. It also offers more than one platforms that you can use after making an account. You can use StreetSmart Edge which is a trading platform for desktop and eases the process of trading. It provides robust tools and displays real-time data for you. Its trade fee is also very low and cost you only 4.95 dollars per trade.