Best trading platform in the USA

Best trading platform in the USA

by matthiaskuer

Choosing a broker may be difficult due to the numerous possibilities available. While competition has compelled many brokers to offer no-fee services for commonly traded assets, investors comparing platforms will still find significant differences in usability, trading technology, account features, etc.

We recognise that sorting through all of this might be challenging, so we’ve done much of the job for you. But first, we put these brokers in the United States through a thorough evaluation process that included hands-on research in determining the industry’s best trading platforms.

What is an online stock broker?

An online stock broker is a financial institution that allows consumers to purchase and sell stocks in their brokerage accounts via an online trading platform. Consider an online stock broker to be a conduit to the stock markets.

These brokers transmit your orders to stock exchanges and market makers in exchange for a commission on each trade, and they do the heavy labour of matching your buy order with someone who wants to sell or vice versa.

How to pick the best stock broker

Your requirements determine the ideal online brokerage account for you. Here are a few things to consider:

  • You generally don’t need a full-featured trading platform if you just want to buy and keep stocks.
  • If you primarily intend to buy mutual funds, you should look for the best broker because these brokerage accounts offer minimal to no commissions on mutual fund purchases and sales.
  • If you are a first-time investor who simply wants to invest a few hundred dollars, you should opt for a broker with no minimum investment requirement.
  • Compare the fees charged by the best stock brokers for these actions.

Fidelity Investments

Minimum Account Balance: $0

Fees: $0 for stock/ETF trading, plus $0.65 per contract for option trades.

Why choose it:

Fidelity has been our best overall brokerage account for numerous years due to its client-focused approach. Several brokers are attempting to close the gap, but Fidelity remains our top pick for investors.

Fidelity, in addition to refusing to pay for order flow, keeps expenses low, offers excellent tools to assist customers in managing and analysing their portfolios, and constantly develops its platforms to make things easier for investors and traders.

For instance, Fidelity’s cash sweep, which invests unused assets into money market funds, provides clients with an additional source of modest earnings for their portfolios. Additionally, Fidelity provides excellent order execution and gives users a share of the profits from the stock borrowing programme.

TD Ameritrade

Minimum Account Balance: $0

Fees: No commissions on stocks, ETFs, or per-leg options trades. $0.65 per contract of options

Why choose it:

The expanded learning pathways spanning everything from beginning to investing to advanced trading and the ability to paper trade on the platform without making any commitment are essential factors in choosing the TD Ameritrade brokerage account.

Since it manages to be a comprehensive and complex platform without being overwhelming, TD Ameritrade makes a very persuasive case for becoming the brokerage account that new investors choose.


Minimum Account Balance: $0

Fees: $0.00 for stock trades, $1.00 for option trades. $0.00 to complete

Why choose it:

Tastyworks maintains a fierce price war for trading options contracts. Nevertheless, the versatile tools, informative materials, and user-friendly platforms lead us to select it as the best broker for options traders.

When you’ve decided that options trading is what you want to do, Tastyworks is the broker you stick with rather than the one you start with. Few other brokers are as well-suited to this job as Tastyworks is.  

Interactive Brokers

Minimum Account Balance: $0

Fees: $0.005 per share for the Pro platform or 1% of trade value, $0 for IBKR Lite.

Why choose it:

Interactive Brokers (IBKR) maintains its position as our top pick for advanced day traders, extending a multi-year streak. We assume that advanced day traders are willing to bring third-party solutions to compensate for any gaps in backtesting and automation in exchange for IBKR’s worldwide exchanges, an extensive range of stocks on the easy-to-borrow list, and meagre margin rates.

Charles Schwab

Minimum Account Balance: $0

Fees: Includes free stock and ETF trading as well as $0.65 per option contract

Why choose it:

Charles Schwab is a full-service investment business that does well in many of our scoring areas. Schwab consistently rates in the top three in our categories, only to be pipped by slightly more targeted solutions. Still, when it comes to ETFs, Schwab remains our favourite choice.


Finally, selecting the ideal brokerage platforms is about who you are as an investor and who you want to be in the future. After you’ve completed these fundamental questions, our rating can assist you in narrowing the field.

As you gain some experience as an investor, you may discover that your goals and approach to the market have shifted—maybe you want a more sophisticated platform with more assets and exchanges, or perhaps you want to simplify things and take a more passive strategy.

The amount of brokers with solutions to satisfy your demands, no matter how they evolve, is the most pleasing thing about the high degree of competition in the brokerage industry.

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