Best Online Stock Brokers of 2020

The numbers are definitive: over the long term, there's been no better way to grow your wealth than investing in the stock market. And thanks to the internet, it's never been cheaper or easier to open a brokerage account and start investing. Read our reviews below to see which broker is right for you.

Swell Investing

Swell Investing

Swell Investing goal is to invest your money for impactful companies dedicated to making the world a better place and supporting environmental efforts for sustainability.

etoro investing

eTORO

eToro currently has more than 5 million users in over 170 countries. The company’s clients have access to trade in currencies, indices, CFDs and commodities.

wealthsimple

Wealthsimple

Wealthsimple is a solid addition to the current slate of robo advisors available. The service offers a socially responsible investment option, as well as assistance from a live representative.

personal capital

Personal Capital

Personal Capital has risen to become one of the most popular financial management platforms available. It comes in two versions, the Free Financial Dashboard and the Wealth Management service.

Details to help you pick the right broker

Not much. Note that many of the brokers above have no account minimums for both taxable brokerage accounts and IRAs. Once you open an account, all it takes to get started is enough money to cover the cost of a single share of a stock and the trading commission.
One easy way is to invest in exchange-traded funds. ETFs are essentially bite-sized mutual funds that are bought and sold just like individual stocks on a stock market exchange. Like mutual funds, each ETF contains a basket of stocks (sometimes hundreds) that adhere to particular criteria (e.g., shares of companies that are part of a stock market index like the S&P 500). Unlike mutual funds, which can have high investment minimums, investors can purchase as little as one share of an ETF at a time.
Some key criteria to consider are how much money you have, what type of assets you intend to buy, your trading style and technical needs, how frequently you plan to transact and how much service you need. Our post about how to choose the best broker for you can help to arrange and rank your priorities.

Disclaimer

CreditNervana promises to keep our information as accurate and up-to-date as possible. However, you should always consult a financial advisor for specific questions about personal or business finances and investment opportunities, especially if you are looking in your area. Working with a trained professional who is familiar with your case is a safe and guaranteed way to make the best investment decision possible. Please review our terms and conditions before making any decision based on the information we provide. Financial institutions are constantly changing. Because of this, it’s a good idea to cross check the information you read here with any company you are considering working with.

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