Best of

Best Online Stock Brokers for Beginners of April 2019

NerdWalletApril 23, 2019

At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Many or all of the products featured here are from our partners. Here’s how we make money.

Ally Invest

on Ally Invest's website

on Ally Invest's website

Fees

$4.95

per trade

Account Minimum

$0

Promotion

Up to $3,500

in cash bonus with a qualifying deposit

Ally Invest’s robust trading platform and lineup of free research, charting, data and analytical tools make it a good choice for active traders. But it’s also appropriate for beginning investors who will appreciate that there is no account minimum and no annual fees.
Merrill Edge

on Merrill Edge's website

on Merrill Edge's website

Fees

$6.95

per trade

Account Minimum

$0

Promotion

300

free stock and ETF trades

Merrill Edge offers high-quality customer service, robust research and low fees. Customers of parent company Bank of America will love the seamless, thoughtful integration, with a single login to access both accounts.
TD Ameritrade

on TD Ameritrade's website

on TD Ameritrade's website

Fees

$6.95

per trade

Account Minimum

$0

Promotion

60

days of commission-free trades with qualifying deposit

TD Ameritrade makes up for higher-than-average trading commissions with better-than-average service, research and trading tools that will make everyone from beginner investors to active traders happy.

Want to compare more options? Here are our other top picks:

Summary of Best Online Stock Brokers for Beginners of April 2019

BrokerCommissionsPromotionAccount MinimumLearn More
Ally Invest Logo

Ally Invest

on Ally Invest's website

$4.95

per trade

Up to $3,500

in cash bonus with a qualifying deposit

$0

on Ally Invest's website

Merrill Edge Logo

Merrill Edge

on Merrill Edge's website

$6.95

per trade

300

free stock and ETF trades

$0

on Merrill Edge's website

TD Ameritrade Logo

TD Ameritrade

on TD Ameritrade's website

$6.95

per trade

60

days of commission-free trades with qualifying deposit

$0

on TD Ameritrade's website

Etrade Logo

Etrade

on Etrade's website

$6.95

per trade

Up to $600

cash credit with a qualifying deposit

$500

on Etrade's website

Schwab Brokerage Logo

Schwab Brokerage

on Charles Schwab's website

$4.95

per trade

$100

cash bonus with a qualifying deposit

$0

on Charles Schwab's website

Fidelity Brokerage Logo

Fidelity Brokerage

on Fidelity's website

$4.95

per trade

300

commission-free trades with a qualifying deposit

$0

on Fidelity's website

Robinhood Logo

Robinhood

on Robinhood's website

$0

per trade

None

no promotion available at this time

$0

on Robinhood's website

Vanguard Brokerage Logo

Vanguard Brokerage

on Vanguard's website

$7.00

per trade

None

no promotion available at this time

$0

on Vanguard's website

BrokerCommissionsPromotionAccount MinimumLearn More
Ally Invest Logo

Ally Invest

on Ally Invest's website

$4.95

per trade

Up to $3,500

in cash bonus with a qualifying deposit

$0

on Ally Invest's website

Merrill Edge Logo

Merrill Edge

on Merrill Edge's website

$6.95

per trade

300

free stock and ETF trades

$0

on Merrill Edge's website

TD Ameritrade Logo

TD Ameritrade

on TD Ameritrade's website

$6.95

per trade

60

days of commission-free trades with qualifying deposit

$0

on TD Ameritrade's website

Etrade Logo

Etrade

on Etrade's website

$6.95

per trade

Up to $600

cash credit with a qualifying deposit

$500

on Etrade's website

Schwab Brokerage Logo

Schwab Brokerage

on Charles Schwab's website

$4.95

per trade

$100

cash bonus with a qualifying deposit

$0

on Charles Schwab's website

Fidelity Brokerage Logo

Fidelity Brokerage

on Fidelity's website

$4.95

per trade

300

commission-free trades with a qualifying deposit

$0

on Fidelity's website

Robinhood Logo

Robinhood

on Robinhood's website

$0

per trade

None

no promotion available at this time

$0

on Robinhood's website

Vanguard Brokerage Logo

Vanguard Brokerage

on Vanguard's website

$7.00

per trade

None

no promotion available at this time

$0

on Vanguard's website

More resources for new investors

Last updated on April 23, 2019

Methodology

NerdWallet's ratings for brokers and robo-advisors are weighted averages of several categories, including investment selection, customer support, account fees, account minimum, trading costs and more. Our survey of brokers and robo-advisors includes the largest U.S. providers by assets under management, plus notable and/or emerging players in the industry. Factors we consider, depending on the category, include advisory fees, branch access, user-facing technology, customer service and mobile features. The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.

To recap our selections...

NerdWallet's Best Online Stock Brokers for Beginners of April 2019