Everyone, who decided to use stock market as a vehicle for investing, needs a clear goal in mind, defined time horizon, knowledge how to invest, tools and instruments (stock2own.com, for example)... and an online broker.

There are dozens online brokerage firms in the US. Below we listed top three in stock2own list. All of them are members of Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). However, the tools they provide, instruments they allow to trade, requirements and fees are vary. Which one is the best for you? Sometimes having accounts with multiple brokerage firms is the best solution.

For instance, the smaller the account, the more it is sensitive to the commissions and fees. Commission-free accounts can be paramount for a cautious investor, where multiple transactions are used to enter and/or exit the trade (a common rule is to open "half position" to enter and another half when trend is confirmed). Therefore, it could be useful to have great online tools and also be able to trade free of charge.


TD Ameritrade

TD Ameritrade $$$

TD Ameritrade trading platform is one of the best! It was originally developed by ThinkOrSwim, which was acquired by Ameritrade in 2009. ThinkOrSwim is extremely flexible, allows you to use hundreds technical indicators, supports complex multi-leg orders (spreads, condors, ...), provides real time news, access to earnings reports and much more. The biggest concern – Ameritrade service is relatively expensive.

Account minimum
$0
Fees
$6.95 for stock and ETF trades, $6.95 per leg plus $0.75 for options
Supported instruments
Stocks, mutual funds, ETFs, options, futures, currencies
Supported orders
Simple market and limit orders, conditional, triggered (with stop loss), multi-leg
Usability
Somewhat difficult, requires time to learn important features
Tools
Extremely flexible and complex, but easy to learn
Marginal accounts
Yes
Back testing
Yes
Paper money
Yes, you can practice in real time or using historical data
Online community
No
Platforms
Desktop, mobile
Promotion
Trade commission-free for 60 days + get $ - read disclosures carefully

Robinhood

Robinhood FREE

Extremely fast growing commission-free online brokerage. Robinhood started by offering only mobile app trading platform, but later extended it's functionality to a fully functional web version. Robinhood platform is extremely easy to use and perfect for the beginner trader.

Account minimum
$0
Fees
$0
Supported instruments
Stocks, ETFs, options, cryptocurrencies
Supported orders
Simple market and limit orders, multi-leg
Usability
Very easy
Tools
Basic charts; charts with technical indicators open in a popup
Marginal accounts
Yes
Back testing
No
Paper money
No
Online community
No
Platforms
Web, mobile
Promotion
There’s a Free Stock Waiting For You!
Sign up now to find out what free stock you'll get. It could be a stock like Apple, Ford, or Sprint.

Webull

Webull FREE

Fast growing commission-free online brokerage. Webull currently supports only desktop and mobile app trading platform. They have quite sophisticated charts and analytical tools and yet webull made app very easy to use.

Account minimum
$0
Fees
$0
Supported instruments
Stocks, ETFs
Supported orders
Simple market and limit orders
Usability
Very easy
Tools
Price charts with technical indicators, earnings reports and analyst estimates
Marginal accounts
Yes
Back testing
No
Paper money
Yes
Online community
Yes! Webull encorages to participate in its own paper money competition
Platforms
Mobile, desktop
Promotion
A Free Stock Waiting For You! Sign up and deposit $100 or more to get a free stock.