Find the Best Stock Broker

Photo of Arielle O'Shea
Curated By
Arielle O'Shea
June 2016

Our goal is to help you find the best stock broker for your needs, and to that end, our team has spent over 300 hours reviewing the top online brokerages. We consider how each stock broker stacks up against the most important factors for investors, evaluating over 15 criteria before assigning each broker a rating or making a recommendation. Our selections are all online brokers due to their low cost and convenience, and we've included several robo-advisors for investors who want managed portfolios.

We strive to put the consumer first and all reviews are solely based on our team’s editorial analysis. NerdWallet does not have relationships with every brokerage listed, and our recommendations are completely independent of any partnerships. For complete transparency you can see How We Make Money.

Select Your Preferences

Tell us about your investing preferences and we’ll show you the best brokerage options that might fit your needs.

What do you want to invest in?

The first step in choosing an investment account is understanding your investing strategy.

Investors who trade individual stocks and advanced securities like options are looking for exposure to specific companies or trading strategies.

Mutual funds and ETFs are typically best suited to investing for long-term goals that are at least 5 years away, like retirement, a far-off home purchase or college.

Beginners and long term investors often look to get exposure to whole markets and don't have a preference on which type of securities to trade.

Investment Type
Amount
Trade Frequency
Management
Features

Recommended stock brokers for you

BrokerHighlightsCommissionsAccount MinimumCurrent OffersStart Investing
Etrade
Etrade
Show Details
Large selection; reasonable commissions and fees
Commissions
$6.95
per trade
Current Offers
60
days of commission-free trades with a qualifying deposit
Open an account
on Etrade's secure website
Show Details
TD Ameritrade
TD Ameritrade
Show Details
Top research; two powerful trade platforms; educational content
Commissions
$6.95
per trade
Current Offers
$100-$600
in cash bonus with a qualifying deposit
Open an account
on TD Ameritrade's secure website
Show Details
Wealthfront
Wealthfront
Show Details
Free management of first $15,000; advanced tax optimization strategies.
Commissions
0.25%management fee
Current Offers
$15,000
amount of assets managed with no fee
Open an account
on Wealthfront's secure website
Show Details
Ally Invest
Ally Invest
Show Details
Impressive platform and research depth; low commissions
Commissions
$4.95
per trade
Current Offers
$100
cash bonus or up to $500 in free trades with a qualifying deposit
Open an account
on Ally Invest's secure website
Show Details
Merrill Edge
Merrill Edge
Show Details
Breadth of research from other providers and own offering
Commissions
$6.95
per trade
Current Offers
$100-$600
in cash bonus with a qualifying deposit
Open an account
on Merrill Edge's secure website
Show Details
Personal Capital
Personal Capital
Show Details
Dedicated financial advisors; customized portfolios.
Commissions
0.89%management fee
Current Offers
None
no promotion available at this time
Open an account
on Personal Capital's secure website
Show Details
Scottrade
Scottrade
Show Details
Multiple trading platforms; extensive customer support
Commissions
$6.95
per trade
Current Offers
50
commission-free trades with a deposit of $10,000 or more
Open an account
on Scottrade's secure website
Show Details
Vanguard Brokerage
Vanguard Brokerage
Show Details
Low-cost funds; strong customer service
Commissions
$6.95
per trade
Current Offers
None
no promotion available at this time
Open an account
on Vanguard Brokerage's secure website
Show Details
Wealthsimple
Wealthsimple
Show Details
Socially responsible investments; free tax-loss harvesting
Commissions
0.4%management fee
Current Offers
$50
cash bonus with deposit of at least $1,000 in first 30 days
Open an account
on Wealthsimple's secure website
Show Details
Capital One Investing
Capital One Investing
Show Details
Low account minimum and fees; portfolio-building tools
Commissions
$6.95
per trade
Current Offers
Up to $600
for new accounts, depending on balance
Open an account
on Capital One Investing's secure website
Show Details
T. Rowe Price
T. Rowe Price
Show Details
Standout (and free) retirement planning tools; no-transaction-fee mutual funds
Commissions
$19.95
per trade
Current Offers
None
no promotion available at this time
Open an account
on T. Rowe Price's secure website
Show Details
TradeStation
TradeStation
Show Details
Sophisticated platform; exceptional research and analytical tools
Commissions
$5
per trade
Current Offers
20%
savings on commissions
Open an account
on TradeStation's secure website
Show Details
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