Online Stock Trading Review

 By
 

Our online stock trading review compares the best online stockbrokers from various perspectives: cost, available investments, trading and research tools, ease of use and customer service. Online stock market trading brokers are competitive, which means that oftentimes their differences are subtle. For example, price in terms of fees and commissions is not always the most important evaluation criterion. For investors who don't make a lot of trades, transaction price is not necessarily the primary consideration. On the other hand, traders are sensitive to pricing because they make more transactions than investors. Before we describe our evaluation criteria, if we cut to the chase, we declare that the best stock trading online is through optionsXpress whether you are an investor or a trader. Please feel free to read more of our articles about online stock trading.

What to Look for in an Online Stockbroker

Once you narrow your research to the best in class, you are not going to discover big differences in online stock trading comparisons. Therefore, the exercise is one of discovering the handful of features that best fit your online investing strategies and tactics. One way to organize your research into online trading options is as follows. By sifting through the details in each of these categories, you will be able to narrow to the right one for you.

Fees/Commissions
Pricing algorithms can be complicated. For example, some brokers require no minimum investment and some do. There are brokers who charge extra if you require assistance with an order. But some do not. There are brokers who reduce fees and commissions if you maintain a certain volume of transactions over time. Other brokers maintain the same pricing without regard to account balance or trade activity. Realize that some brokers charge an inactivity fee if you do not maintain a certain level of account activity. Each broker publishes all of these details online.

Investments Offered
In addition to equities, online stockbrokers offer other investment vehicles: options, mutual funds and exchange-traded funds. Some do not provide retirement accounts or education savings plans. A few U.S. brokers provide access to the International Stock Exchange.

Trading and Investment Tools
The likelihood of success as an investor or a trader will be boosted to the extent that your broker makes available quotes, alerts, research, watch lists and charts and graphs. Another tool to consider before signing up is the trading platform itself. There are internet consoles as well as platform-specific software applications you use to place orders and receive research. Mobile apps are another way brokers enable access to your trading account.

Ease of Use

The world of online stock trading is complicated, which means that a broker who simplifies your access to trading features and research is something to appreciate. It shouldn’t be difficult to navigate your account, receive the technical indicators that you want, and place and track orders.

Support and Customer Service
All of the online stock investing brokers in our review provide customer service via telephone or email. Not all of them, however, provide live online chat or 24/7 support.

Whether you are an investor or a volume trader, you can benefit by having an online stockbroker. Pricing is competitive and brokers can provide assistance with your trades. You will have access to a broad selection of investments, and you will be able to trade or research from wherever you find an internet connection.

At TopTenREVIEWS We Do the Research So You Don’t Have To.™

 
 
Web Services » Business & Finance » Online Stock Trading Review
2014
BEST
Online Stock Trading Review
Product Comparisons
Side-By-Side Comparisons
Showing 1-10 of 16
Ratings
Compare our ratings for Online Stock Trading Review

Overall Rating

Fees and Commissions

Investments Offered

Ease of Use

Trading and Investment Tools

Customer Service

9.78
9.75
9.23
8.80
8.75
8.70
8.68
8.60
8.50
8.48
9.63
9.63
10.00
9.38
7.50
8.00
7.50
8.75
8.00
7.75
9.38
10.00
8.13
8.38
7.50
9.38
9.75
9.38
8.75
7.50
10.00
9.38
8.75
8.75
10.00
9.38
9.75
8.13
8.75
8.75
10.00
10.00
8.75
7.50
10.00
8.75
8.75
7.50
8.75
10.00
10.00
10.00
10.00
10.00
10.00
8.75
8.75
10.00
8.75
8.75
Compare Product Features
We do the research so you don't have to.
Investments Offered
Stocks
Options
Mutual Funds
Exchange-Traded Funds
Retirement Accounts
Education Savings Plans
International Stock Exchange
Fees and Commissions
Broker-Assisted Orders
$0
$4.75
$4.95
$27
$7.95
$45
$25
$44.99
NA
$26.95
Market Trades
$8.95
$4.75
$4.95
$7
$7.95
$7.99
$8.95
$9.99
$6.95
$6.95
Limit Trades
$8.95
$4.75
$4.95
$7
$7.95
$7.99
$8.95
$9.99
$6.95
$6.95
Options Trades
$8.95
5 for $5 or $8.50 + .15/contract
$4.95
$7
$7.95
$7.99
$8.95
$9.99
$6.95
$6.95
Margin Rates
4%+
1.5 - 4%
4.5 - 6.5%
-0.25 - (-0.75)%
2.825 - 3.75%
3.89 - 8%
6 - 8.5%
1.25 - (-1.5%)
3.95 - 6.5%
5 - 7.75%
Trading and Investment Tools
Alerts
Level I Quotes
Level II Quotes
Automated Trading
Charts and Graphs
Criteria Based Search
Analyst Research Reports
Watch Lists
Virtual Trading
Mobile Tools
General Cellphone Features
Android
iPhone
BlackBerry
Resources
Beginning Investor Education
Seminars & Live Events
Webinars
Video
Tax Information
Blogs
Retirement Resources
Help & Support
Telephone
Email
Forum
Live Chat
24/7