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Best Online Trading Platforms to start investing today

We ranked our top online trading platforms based on a variety of factors and experiences. They all provide effective services and you cannot go wrong with any of these platforms. The most important action from you is to start-up an account now (or try a couple!) that best fits your needs. Incorporating saving and investing into your lifestyle is imperative to long term financial growth and security.

Trading Platform

Fees

Account minimum

Key Takeaways

#1

SoFi

$0 per trade

$0 minimum balance

Easy-to-use platform, great customer service, offers automated investing and rebalancing options, well-suited for entry-mid level investors

#2

Robinhood

$0 per trade

$0 minimum balance

Phone app is easy, quick to use for trades or just checking your investments, targeted towards entry-mid level investors, automated investing options, full suite of stocks, ETFs, options, and cryptocurrency trading capabilities (not offered by most trading platforms)

#3

Ally

$0 per trade

$0 minimum balance

Attractive online platform, enticing extras like automated portfolio management and foreign exchange trading, savings account add-ons, and more.

#4

J.P. Morgan

$0 per trade

$0 minimum balance

Best all around financial platform to combine investing, banking, credit cards, etc., easy cash transfers between accounts, easy to navigate investing platform; lacking in extra add-ons and research for advanced investors 

#5

Charles Schwab

$0 per trade

$0 minimum balance

Great customer service, tools and research, new customizable trading experience on two trading platforms; phone app a little lacking

#6

Etrade

$0 per trade

$0 minimum balance

One of first platforms still offerring great services for investors of all levels, good research capabilities and deep set of available securities to trade

#7

Interactive Brokers

$0.005 per share

$0 minimum balance. balance

Great platforms (Lite & Pro) available for all levels, exensive listing of mutual funds, ETFs, and other securities to trade, and robust reseach offerings

#8

Zacks Trade

$0 per trade

Varies

Excellent research and data access for those looking for stock tips and other investing information, access to a broker to place phone trades; but drawbacks include account minimums and some account fees for transfers, inactivity, etc.

Helpful Links

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