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Standout Online Brokers For Stock Trading

There are a lot of online brokers out there. So many, in fact, it can be overwhelming to weed through all the options — good and bad — and then confidently choose one. Social scientists call this “information overload”. We call it inconvenient. To make the search easier, we created this shortlist of standout picks from our partners. And with low commission rates, impressive investing tools, easy-to-access research and more, they’re a great choice for most investors.

BrokerCommissionsAccount MinimumCurrent OffersDetails
SoFi Active Investing's logo

on SoFi Invest's website

$0

per trade

$0

Free

career counseling plus loan discounts with qualifying deposit

Pros

  • Commission-free stock and ETF trades.
  • Cryptocurrency trading.
  • Fractional shares available.
  • No account minimum.
  • Free financial counseling.

Cons

  • Small selection of tradable securities.
  • Limited track record.
Interactive Brokers IBKR Lite's logo

on Interactive Brokers's website

$0

per trade

$0

None

No promotion available at this time

Pros

  • Large investment selection.
  • Strong research and tools.
  • Over 4,300 no-transaction-fee mutual funds.
  • NerdWallet users who sign up for IBKR Pro get a 0.25 percentage point discount on margin rates.

Cons

  • Website is difficult to navigate.
  • Inactivity fees on IBKR Pro.

See the possibilities

Predicting exactly how much money an investment will return would be magic. Unsurprisingly, no such crystal ball exists. You can, however, crunch the numbers with a compound interest calculator and guesstimate a range of different outcomes. As a starting point, the average annual return from the S&P 500 was just below 7% for the 10-year period 1996-2016.*

COMPOUND FREQUENCY

Estimated Future Balance: $14,290

PrincipalInterest
Check out those gains

With investing, time is your friend. The sooner you start, the longer you'll have to let compound interest do its thing.

Disclaimer: This is hypothetical and in no way predicts future performance. The average annual nominal return of the S&P 500 the last 30 and 10 years was calculated by the geometric mean with no adjustment for inflation. Investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. The hypothetical performance above does not take into account fees or sales charges.

A little about us
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