When you are trying to decide the best online brokers for you, first determine your priorities and what type of investor you are. Other items to consider when you are choosing the best online brokers are commissions, fee structures, balance requirements and customer service.
E*TRADE is an inexpensive option for best online brokers for active traders who are experienced and don’t need a lot of technical advice. You will need a minimum of $1,000.00 to open an account with E*TRADE. There is a $12.99 fee for both market and limit orders. Also, you are required to pay $40.00 per quarter to use their services.
Fidelity’s commission fee for both limit and market orders is $19.95. The minimum amount of funds to open an online account with Fidelity is $2,500.00. There is no quarterly or annual fee to use Fidelity’s services. This is the best online brokers for investors with a higher net worth who likes all the frills of a full service broker. Because Fidelity is considered a full service broker they provide a wide range of investment tools and calculators and are rated extremely high for customer service. » Read more: Best Online Brokers