Online broker 2016
Over this period, hundreds of hours are spent testing broker platforms, websites, tools, and customer support. Taking the time to dive deep, way beyond the marketing fluff and pretty homepages is what puts StockBrokers. As investors and traders ourselves, we can relate to all of your requirements and queries; furthermore, thanks to our industry prowess, we understand where true value lies.
One of these categories, Order Execution , is new and we are extremely pleased to incorporate it, thanks to the help of the KOR Group. As far as participation goes, 13 brokers volunteered to subject themselves to our thorough assessment. Then, head over to the comparison tool and compare several of the recommended brokers side by side. Star ratings, commission rates, and popular functionality are all included.
To finalize your choice, read a full-length review and explore the details of the customer experience. Confidence in navigating the markets starts with confidence in where your portfolio is being held and the tools you use to trade. Since our inception back in , StockBrokers. In , our goal is simple: Detailed analysis for each category is also included: Each individual broker was assessed on unique variables.
Full length reviews for each broker can be found on their respective review pages: Each year there are online brokers that stand out for going above and beyond. Our broker Industry Awards recognize these brokers for their hard work and dedication in the past year. Brokers were assessed in eight different categories with the following weightings: So far in its relatively short history, Motif Investing has no regulatory events or arbitration cases on its record.
Just2Trade took the runner-up spot in this category with just one regulatory event on its record. These records are subject to change, so you are encouraged to look up any broker's history at www. You can look up both firms and individual brokers on this database. Pretty much all the online brokers reviewed for this study provide some level of investment information and tools.
However, there were great differences in the variety and robustness of the resources available. News feeds and data tools are common, and while these are useful, they are fairly generic. They provide more in the way of raw information than interpretive analysis. Some online brokers also create investor communities where customers can share insights, but these are of dubious value. Not only don't you know the qualification of the user providing the information, but forums like this can be prone to attempts at stock manipulation, as investors try to get others to buy into hype for positions they own.
The richest resources come from online brokers that provide research from multiple, credible sources. This is the same kind of support investment professionals use for industry and company-specific background.
For investors who like to thoroughly research their ideas, firms offering a wide variety of these resources might be most useful, including Fidelity, which scored best on this basis.
Each of these top firms makes available data and analysis from a dozen or more independent sources. In addition to low trading fees, TradeKing has no account minimums.
Investors can view quotes on the go via TradeKing Live, an active-trader platform compatible with computers, tablets and mobile phones. The brokerage also offers a suite of technical analysis tools free of charge to better manage portfolios. After its acquisition by Ally, the company is expected to have an integrated consumer platform in early , giving customers the power to oversee their Ally accounts and take advantage of the wealth management services for which TradeKing is known.
Again, there are several ways to compare online brokers, and this study should give you a sense of which firms consistently rank ahead of their competitors. Most of all though, the different categories explored by this study should help you identify some of the issues involved in choosing an online broker, so you can decide what is most important to you.
After all, the right choice is a function of both the brokerage firm's characteristics and your needs and habits as an investor. July 12, Research-center. Best Online Brokers - Overall Winner: Motif Investing Motif Investing came out on top overall, scoring particularly well on its cost-effectiveness for small investors, and for having a spotless regulatory history so far. Optionshouse, Capital One Investing and Just2Trade Optionshouse, which despite its name also accommodates ordinary stock trading, took the second position overall, followed by a tie between Capital One Investing and Just2Trade.
Motif Investing and Optionshouse Tied as the best online brokers for small investors were Motif Investing and Optionshouse. Interactive Brokers Interactive Brokers stood out by offering a margin interest rate of just 1. Motif Investing Since some firms have much longer histories than others, MoneyRates. Just2Trade Just2Trade took the runner-up spot in this category with just one regulatory event on its record. Best Online Brokers for Research Resources The richest resources come from online brokers that provide research from multiple, credible sources.