The Billionaires Plan

Business Services

Business Operations > Online Stock / Investment Management (discount)

Name	Description	Top Pros	Top Cons	Best For	Highlights	Commissions Per Trade	Promotion
Webull Rating: 85%	Webull offers commission-free US stock, ETF, and options trading without inactivity fees. The account opening is seamles read more	free stocks, ETFs, and options, fast and easy account opening, great trading platforms	limited product portfolio no credit/debit cards and electronic wallets for money transfer no live chat and poor telephone support read more	those who want to buy fractional shares of stocks or ETFs thematic or impact investors those who want to invest in IPOs ETF investors read more	free next-day trades socially conscious investing	$8 per Deposit	deposit of $100 or more and receive a FREE stock
Ameritrade Rating: 97%	TD Ameritrade is one of the biggest and oldest names in online brokerages. For over 40 years, TD Ameritrade has been pro read more	large investment selection, free research, high-quality trading platforms, no account minimum, good customer support	higher trade commission, costly broker-assisted trades, high short-term ETF trading fee	beginner investors, advanced traders, investor education / advice	large selection of commission-free ETFs and funds	$6.95	up to $600 cash bonus
Interactive Brokers Rating: 95%	Interactive Brokers Group, Inc.'s founding member has completed it is a Broker-Dealer with consolidated equity capital read more	low commissions, quality trading platform, advanced tools, low margin rates, wide investment selection	inactivity fees, complex pricing, minimal educational resources	advanced traders, day traders, penny stock traders, margin accounts, options trading, research and data	discounts for frequent traders, among best platforms	$0.01	none
Fidelity Investments Rating: 99%	Fidelity Investments is a privately-owned investment management company that was established in 1946 as a mutual fund co read more	low commissions, a large selection of research providers, strong customer service	high account minimum, trade minimum for active trading platform	retirement investors, active traders, premium research, low fees, fund selection	strong trading platform, low commissions	$4.95	300-500 free trades with qualifying deposit
Robinhood Rating: 90%	Founded in 2013, Robinhood is an online broker that has raised $539 million in venture capital funding. The brokerage, w read more	no commissions on stock trades, no account minimum, streamlined interface	no retirement accounts, no mutual funds or bonds, limited customer support	high-yield checking and savings, mobile users, individual taxable accounts, margin accounts, cryptocurrency	no-frills, free trading app for beginners	$0	none
Vanguard Rating: 83%	Started in 1975 Vanguard has grown to become the world’s largest no-load mutual fund company. While Vanguard is mostly read more	large mutual fund selection over 50 commission-free ETFs the leader in low-cost funds helpful customer support	high trade commissions no trading platform or tools limited research and data	long-term or retirement investors those who prefer low-cost investments index fund and ETF investors investors with high account balances read more	commission-free: 1,800+ ETFs and 3,080+ mutual funds	$7	none
Ally Invest Rating: 99%	Ally Invest is part of a diversified financial services company that includes banking and lending. Brokerage customers t read more	low commissions, no account minimum, strong web-based platform, robust research and tools	no no-transaction-fee mutual funds, no branches	active traders, options traders, Forex traders	impressive platform and research, low commissions	$4.95	up to $3500 cash bonus with qualifying deposit
E-Trade Rating: 96%	E-Trade prides itself on being the one-stop trading and banking resource for all types of traders, from the investing be read more	easy-to-use tools, large investment selection, excellent customer support, access to extensive research, advanced mo read more	higher commissions for low-volume traders, minimum balance requirement for active trading platform	frequent traders, beginner investors, commission-free exchange-traded funds, research and data, retirement planning assistance read more	broad selection of investment options, power trading platforms and research providers	$6.95	60 days of commission-free trades ($10,000+ deposit)
Charles Schwab Rating: 99%	Charles Schwab is a full-service investment firm that offers services and technology to everyone from self-directed acti read more	no inactivity fees, two platforms with no minimum or fees, above-average mobile app, extensive research, strong customer support read more	higher trade commissions	beginner investors, advanced traders, investors seeking commission-free ETFs, investors seeking no-minimum index fund read more	large selection of commission-free ETFs and funds	$4.95	$100 referral award for first-time clients
Merrill Edge Rating: 90%	Merrill Edge, launched in 2010, is an extension of Merrill Lynch, the household brand founded in 1914, which is owned by read more	robust third-party research, ongoing promotions, integrated with Bank of America, free trades for eligible Bank of America customers read more	no commission-free ETFs, minimum balance requirement for active-trading platform	Bank of America customers, high-balance customers	breadth and depth of in-house and outside research	$6.95	$100-$600 cash bonus depending on account size

Webull

Top Pros	free stocks, ETFs, and options, fast and easy account opening, great trading platforms
Top Cons	limited product portfolio no credit/debit cards and electronic wallets for money transfer no live chat and poor telephone support
Overall Rating	85%
Best For	those who want to buy fractional shares of stocks or ETFs thematic or impact investors those who want to invest in IPOs ETF investors
Highlights	free next-day trades socially conscious investing
Commissions Per Trade	$8 per Deposit
Promotion	deposit of $100 or more and receive a FREE stock

Webull offers commission-free US stock, ETF, and options trading without inactivity fees. The account opening is seamless, fully digital, and really fast. The platforms are well-structured, user-friendly and offer many order types. Webull's product portfolio is limited, covering only US stocks, ETFs, and options. You can use only bank transfer for deposit or withdrawal, no credit/debit cards or electronic wallets are provided. The telephone support is hard to reach out to and the live chat is missing.

Ameritrade

Top Pros	large investment selection, free research, high-quality trading platforms, no account minimum, good customer support
Top Cons	higher trade commission, costly broker-assisted trades, high short-term ETF trading fee
Overall Rating	97%
Best For	beginner investors, advanced traders, investor education / advice
Highlights	large selection of commission-free ETFs and funds
Commissions Per Trade	$6.95
Promotion	up to $600 cash bonus

TD Ameritrade is one of the biggest and oldest names in online brokerages. For over 40 years, TD Ameritrade has been proud to help the clients pursue their financial goals from guidance, to powerful trading tools and retirement resources.

Interactive Brokers

Top Pros	low commissions, quality trading platform, advanced tools, low margin rates, wide investment selection
Top Cons	inactivity fees, complex pricing, minimal educational resources
Overall Rating	95%
Best For	advanced traders, day traders, penny stock traders, margin accounts, options trading, research and data
Highlights	discounts for frequent traders, among best platforms
Commissions Per Trade	$0.01
Promotion	none

Interactive Brokers Group, Inc.'s founding member has completed it; is a Broker-Dealer with consolidated equity capital of more than $7 billion. The company conducts its business on over 120 market destinations worldwide and together with its affiliates execute over 848,000 trades per day.

Fidelity Investments

Top Pros	low commissions, a large selection of research providers, strong customer service
Top Cons	high account minimum, trade minimum for active trading platform
Overall Rating	99%
Best For	retirement investors, active traders, premium research, low fees, fund selection
Highlights	strong trading platform, low commissions
Commissions Per Trade	$4.95
Promotion	300-500 free trades with qualifying deposit

Fidelity Investments is a privately-owned investment management company that was established in 1946 as a mutual fund company. Based in Boston, Massachusetts, it is one of the largest investment management firms in the United States, with over 26 million customers, $6.5 trillion in total customer assets, and more than $2.4 trillion in global assets under management.

Robinhood

Top Pros	no commissions on stock trades, no account minimum, streamlined interface
Top Cons	no retirement accounts, no mutual funds or bonds, limited customer support
Overall Rating	90%
Best For	high-yield checking and savings, mobile users, individual taxable accounts, margin accounts, cryptocurrency
Highlights	no-frills, free trading app for beginners
Commissions Per Trade	$0
Promotion	none

Founded in 2013, Robinhood is an online broker that has raised $539 million in venture capital funding. The brokerage, which appeals primarily to young Millennial do-it-yourself investors, is best known for offering $0 stock, ETF, options, and cryptocurrency trades alongside an easy-to-use website and mobile trading app.

Vanguard

Top Pros	large mutual fund selection over 50 commission-free ETFs the leader in low-cost funds helpful customer support
Top Cons	high trade commissions no trading platform or tools limited research and data
Overall Rating	83%
Best For	long-term or retirement investors those who prefer low-cost investments index fund and ETF investors investors with high account balances
Highlights	commission-free: 1,800+ ETFs and 3,080+ mutual funds
Commissions Per Trade	$7
Promotion	none

Started in 1975 Vanguard has grown to become the world’s largest no-load mutual fund company. While Vanguard is mostly known for its low-cost index funds, they also offer a variety of low-cost, actively managed mutual funds and exchange-traded funds.

Ally Invest

Top Pros	low commissions, no account minimum, strong web-based platform, robust research and tools
Top Cons	no no-transaction-fee mutual funds, no branches
Overall Rating	99%
Best For	active traders, options traders, Forex traders
Highlights	impressive platform and research, low commissions
Commissions Per Trade	$4.95
Promotion	up to $3500 cash bonus with qualifying deposit

Ally Invest is part of a diversified financial services company that includes banking and lending. Brokerage customers tend to be focused on options trading and tools, but you can trade a wide variety of asset classes on the InvestLIVE platform. The prevailing focus for the team at Ally is providing tools that are convenient and easy to use at an affordable price, with an eye on its fast-growing millennial user base.

E-Trade

Top Pros	easy-to-use tools, large investment selection, excellent customer support, access to extensive research, advanced mobile app, reduced commissions for frequent traders
Top Cons	higher commissions for low-volume traders, minimum balance requirement for active trading platform
Overall Rating	96%
Best For	frequent traders, beginner investors, commission-free exchange-traded funds, research and data, retirement planning assistance
Highlights	broad selection of investment options, power trading platforms and research providers
Commissions Per Trade	$6.95
Promotion	60 days of commission-free trades ($10,000+ deposit)

E-Trade prides itself on being the one-stop trading and banking resource for all types of traders, from the investing beginner to the high-rolling seasoned trader. For the beginner, E-Trade offers tons of educational tools and guidance. Its browser, desktop, and mobile platforms are all easy to navigate and customize.

Charles Schwab

Top Pros	no inactivity fees, two platforms with no minimum or fees, above-average mobile app, extensive research, strong customer support
Top Cons	higher trade commissions
Overall Rating	99%
Best For	beginner investors, advanced traders, investors seeking commission-free ETFs, investors seeking no-minimum index funds, investors who rely on premium research
Highlights	large selection of commission-free ETFs and funds
Commissions Per Trade	$4.95
Promotion	$100 referral award for first-time clients

Charles Schwab is a full-service investment firm that offers services and technology to everyone from self-directed active traders to people who want the guidance of a financial advisor. It has a wide variety of platforms from which to choose, as well as full banking capabilities. Their web-based platforms are simple to use and providing low-cost advice.

Merrill Edge

Top Pros	robust third-party research, ongoing promotions, integrated with Bank of America, free trades for eligible Bank of America customers
Top Cons	no commission-free ETFs, minimum balance requirement for active-trading platform
Overall Rating	90%
Best For	Bank of America customers, high-balance customers
Highlights	breadth and depth of in-house and outside research
Commissions Per Trade	$6.95
Promotion	$100-$600 cash bonus depending on account size

Merrill Edge, launched in 2010, is an extension of Merrill Lynch, the household brand founded in 1914, which is owned by Bank of America. Its a great option for a casual trader and Bank of America customer. The customer is able to log in their Bank of America account and view their investments in one seamless step. Company has one of the best customer support systems rt as well as over 2,000 Bank of America locations.