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🥇 1. TD Ameritrade (Thinkorswim)
- Best for: Active traders & advanced charting
- Pros:
- Advanced tools & research (Thinkorswim platform)
- No commissions on stocks & ETFs
- Strong educational content
- Cons: Can be overwhelming for beginners
🥈 2. Fidelity Investments
- Best for: Long-term investors & retirement planning
- Pros:
- $0 commissions
- Great research tools
- Excellent customer service
- Fractional shares available
- Cons: App is less trading-focused compared to others
🥉 3. Charles Schwab
- Best for: All-around investing and beginners
- Pros:
- User-friendly app
- Free stock & ETF trades
- Strong customer support
- Offers Schwab Stock Slices (fractional shares)
- Cons: Research tools less advanced than TD Ameritrade
🏅 4. Robinhood
- Best for: Beginners & mobile-first users
- Pros:
- Intuitive interface
- $0 commission trades
- Instant deposits
- Cons:
- Limited research tools
- History of service outages
- No mutual funds or bonds
🏅 5. E*TRADE
- Best for: Intermediate traders & investors
- Pros:
- Good research & screeners
- $0 commissions
- Powerful Power E*TRADE platform
- Cons: Interface not as sleek as Robinhood or Fidelity
Honorable Mentions:
- Webull – Tech-savvy traders who like charts and crypto
- SoFi Invest – Beginners who also want loans and savings
- Public.com – Social investing with fractional shares