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Merill Edge

5 out of 5

Fees & Commissions:  $0 per trade

Account Minimum:  0

Promotion:  Up to $600

Trading Platform
Advanced

Mobile App
Available

Research Tools
Advanced

Education Resources
Extensive

Why we like it

  • Tools and resources for active traders, including a customizable interface, screeners, and streaming news.
  • Bank of America customers can qualify for the Preferred Rewards.
  • ‘Story’ features deliver up-to-date analysis and insights into assets and your portfolio in an accessible, digestible format.
  • Commission-free trades on stock and ETFs and a competitive $0.65 per-contract fee on option trades.

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Robinhood

4 out of 5

Fees & Commissions:  $0 per trade

Account Minimum:  0

Promotion:  No current offers

Trading Platform
Average

Mobile App
Available

Research Tools
Limited

Education Resources
Limited

Why we like it

  • Robinhood Cash Management yields interest on cash in your brokerage account
  • Great for beginners with a very easy to use platform and daily blog
  • Ability to invest in cryptocurrency with smaller amounts
  • No account minimum required

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E*TRADE

5 out of 5

Fees & Commissions:  $0 per trade

Account Minimum:  0

Promotion:  No current offer

Trading Platform
Advanced

Mobile App
Available

Research Tools
Advanced

Education Resources
Extensive

Why we like it

  • The mobile app lets users scan market data and execute trades efficiently while on the go.
  • Live-Action and Strategy Seek tools give users indicators and guidance for informed trading decision-making.
  • Strategy Seek generates trading ideas and strategies with in-depth insights and risk assessment.
  • Face-to-face service at several physical locations across the country.
  • Vast educational resources on trading, technical analysis, and diversification, including frequent webinars.

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TD Ameritrade

5 out of 5

Fees & Commissions:  $0 per trade

Account Minimum:  0

Promotion:  No current offer

Trading Platform
Advanced

Mobile App
Available

Research Tools
Advanced

Education Resources
Extensive

Why we like it

  • The thinkorswim trading app is a powerful analysis tool with comprehensive capabilities.
  • Trade a range of products, including equities, futures, options, and forex.
  • Online and in-person educational resources for investors at any level.
  • Excellent customer support with multiple access channels

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Ally Invest

5 out of 5

Fees & Commissions:  $0 per trade

Account Minimum:  0

Promotion:  $50 – $3500

Trading Platform
Advanced

Mobile App
Available

Research Tools
Advanced

Education Resources
Extensive

Why we like it

  • The robust web-based platform delivers a host of trading tools, including automated portfolio management and advanced tools for technical investors.
  • Wide range of products on offer, including penny stocks, futures, options, and forex.
  • Free access to an array of educational resources for any investor lets users expand their knowledge and their portfolios.
  • Great options for forex trading set Ally Invest apart from the competition.

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Interactive Brokers

5 out of 5

Fees & Commissions:  $0 per trade

Account Minimum:  100

Promotion:  No current offers

Trading Platform
Advanced

Mobile App
Available

Research Tools
Advanced

Education Resources
Extensive

Why we like it

  • No commissions on US-listed stock and ETF trades
  • No minimum account balance
  • Low or no fees
  • Advanced research and tracking tools

View Full Review

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