Quick and easy. These are the best online stock brokers for 2020.
|Stock Broker||Best For|
|Investors looking to use options as part of their strategies|
|Investors seeking a lower priced version of Interactive Brokers|
What’s The Best Stock Broker?
We spent 200+ hours testing individual stock brokers in 2020, because not all stock brokers are made equal. Overall, we enjoyed Tastyworks. Here’s two reasons why:
- Low fees, look for per-trade fees of less than $5
- 24/7 customer service, don’t underestimate the power of knowledgable professionals when you need help with your account or a particular investment
- Free trading platforms with free market data and educational guides
First, tastyworks offers some of the lowest pricing per stock out of every major stock broker that offers 24/7 customer service. This cannot be overlooked. At $5.00 per trade with no closing costs, you’ll save money and still get full access to investment products and trading strategies.
Second, tastyworks’ online trading platform is fantastic. Their trading technology is truly top-notch.
Tastyworks is one of the newest online discount brokerages to offer unique features for active traders focused primarily on options and futures. Although you’ll need to deposit $2,500 to maintain a margin account, $0 commissions to close stock, options, and options on futures is a very enticing offer.
Tastywork’s trading technology is also excellent for those looking for downloadable, professional style trading software. Keep reading…
Zacks Trade Review
Zacks Trade is Interactive Brokers with out all of Interactive Brokers’ flaws.
Zacks uses the same technology and order execution software as Interactive Brokers, but Zacks Trade’s commission structure is more flexible for small stock and options orders, the account minimum is only $2,500, (compared to IB’s $10,000 requirement) and there are never any inactivity or maintenance fees with Zacks Trade. Keep reading…
What is Options Bro?
OptionsBro.com is an online financial information site dedicated to providing simple tutorials, reviews, and comparisons on all things finance.
Collectively, we’ve spent thousands of hours examining the most popular financial products and tools. Bottom line, we simplify and explain the myriad of consumer financial options available today, so you can make decisions with ease.
Updated: January 1, 2020