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The Top 10 Ranked Best Online Stock Trading for Beginners

A stock broker is someone who is licensed to buy and sell stocks and other securities via the market exchanges. Years back, the only way for individuals to invest directly in stocks was to hire a stock broker to place trades on their behalf. Thus costly transaction conducted via telephones now takes place online, in seconds, for a fraction of what full-service brokers used to charge for the service. Several stock trading websites have various features that may appeal to you, depending on your investment style and preferences. The best online trading platforms are easy to use, they offer low fees, and specialize in the type of securities you’re interested in trading.
The following list gives you a list of best online stock traders for beginners in the field:

  1. ETrade

If you’re looking for something with an easy learning curve, but endless of room to grow, we recommend ETrade. Its learning centre is filled with educational videos, articles, and webinars to guide your through the basics. From there, you can stay up to date on investing news, reports, and commentary from their team of market analysts. Branch appointments are free for booking, and online chat tools and 24-hour hotline are there to guide you from anywhere in the world. ETrade is built to handle everything from entry-level IRAs to aggressive trading of stocks and options. 

  1. TD Ameritrade

It offers two best-in-class platforms, designed for two types of investors. Trade Architect is good for beginners, or anyone who prefers a simplified, educational interface that can walk them through the ordering process and explain potential strategies. It regularly racks up praise and awards and offers superior tools and their facilities that includes research reports, real-time data, charts, and technical studies.

  1. Fidelity

Featuring research from more than 20 providers, plus stellar execution, it’s no surprise Fidelity was awarded best overall online stock broker in 2016 by both Barron’s and Kiplinger. And Fidelity shows no signs of slowing down. In 2017, the company decreased its commissions by 70%, which is a sign that it’s looking to become a bigger player in the discount scene, as opposed to the high net-worth individuals it historically has catered to. The company also reserves some of its tools and features for high-volume, active traders, but looking forward, Fidelity is going to get harder and harder to beat.

  1. TradeKing

It leads the industry in low-cost commission’s structure for all kinds of investors, from high net-worth individuals to beginning buy-and-hold traders. It keeps an edge with a zero account minimum and enticing promotions for new clients alike $1k in free trades on a $5k deposit. While cheaper trades can still be found (Robinhood’s mobile platform boasts totally commission-free stocks and ETFs, for example), TradeKing’s platform and resources stand out with quality research and tools, including access to its online trader network. 

  1. OptionsHouse

It is a top platform for investors with an options focus — but it’s the hands-down winner for active traders. Like TradeKing, it’s been a longtime leader in rock-bottom pricing, with a flat $4.95 trade commission ($4.95 plus $0.50 per options contract) and, unlike many brokerages catering to active investors, no account minimums or inactivity fees. It doesn’t offer currency trading, and has limited commission-free and transaction-free offerings, but its 2016 acquisition by E*Trade should help fill in those gaps as the two brokers continue merge.

  1. Scottrade

It is an online broker that caters to investors of all types. But one thing that you’re sure to get, regardless of your experience, is a superior level of customer service. It has regularly won various customer service awards, and provides both virtual and real-world support to ensure you aren’t in over your head. There’s also a finest suite of investment research and tools, as well as an archive of helpful articles on topics ranging from investment taxes to short selling. No matter what your strategy, Scottrade and its staff will help you live up to your full potential.

  1. Robinhood

It is truly an online broker for the 21st century. As its name implies, it’s all about making the fat cat world of Wall Street accessible to the little guy or gal – primarily through its innovative approach to fees. In a nutshell, the lack of trading fees altogether. There are none.Robinhood’s primary goal is catering to beginning investors by making its platform accessible and its fees low – and it does that very successfully.

  1. Charles Schwab

This year they were rated 4.5 Stars Overall and #1 Retirement Services and #1 Client Dashboard. Extensive research access along with solid customer service and banking services, attracts more customers. It is for sure that Charles Schwab will not disappoint.

  1. Merrill Edge

They were also awarded #1 for Banking Services. Merrill Edge provide a well-rounded option for clients and Bank of America accounts are directly link-able. They are mostly known for market Research, Customer Service, Investor Education, and Banking.

  1. Capital One Investing

They are known for their automatic investment plans, Capital One Investing (ShareBuilder) is a good fit for casual investors and 360 clients. Their discounted trade commission is only $4, which is less expensive than any other brokerages.

Written by Bidyut Bikash Dhar

Bidyut Bikash Dhar is a proficient Digital Marketing & Online Branding Strategist, Mentor, and Inbound Marketing Specialist with a focus on Reputation Management, International Healthcare Marketing, and Medical Tourism. His expertise encompasses a wide array of areas, including Digital Marketing, Lead Generation, and Conversion Optimization. Bidyut excels in Search Engine Marketing, leveraging his skills to enhance online visibility and drive targeted traffic. With a passion for innovation and a dedication to excellence, he crafts strategic solutions to elevate brands and amplify their online presence. Bidyut's commitment to mentorship and his extensive experience in healthcare marketing make him a valuable asset to businesses seeking to expand their reach and impact in the digital landscape.

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