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Ally Invest Self-Directed Investing / $0 Commissions and No Account Minimum
Ally Invest Self-Directed Investing is an online brokerage account for trading stocks, bonds, ETFs, mutual funds, and options. No account minimums and $0 commission trades.
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Cash App Investing / Buy and Sell Stocks and ETFs Starting at $1
Cash App Investing is a user-friendly mobile investment platform that allows individuals to buy and sell stocks and exchange-traded funds (ETFs) within the payments app.
- No minimums, zero commission, and start with as little as $1
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Charles Schwab / Online Brokerage with $0 Commission Trades
Charles Schwab Brokerage is for DIY investors looking to buy and sell stocks, bonds, ETFs, mutual funds, options, and other financial products. No account minimums and commission-free trading.
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E-Trade / Online Brokerage with $0 Commissions
E-Trade is an online brokerage account for frequent traders to buy and sell stocks, bonds, ETFs, mutual funds, options, and futures. No account minimums and $0 commission trades.
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Fidelity Investments / Full-Feature Online Brokerage with $0 Commissions
Fidelity Investments offers a self-directed online brokerage account for investors to trade stocks, bonds, ETFs, mutual funds, options, and fractional shares with no account minimums and $0 commission fees.
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J.P. Morgan Self-Directed Investing / Commission-free Trading
J.P. Morgan’s Self-Directed Investing platform enables you to buy and sell stocks, bonds, ETFs, mutual funds, and fractional shares with no account minimums and $0 commission trades.
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M1 Finance / Self Directed Investing for Long-Term Goals
M1 Finance is an online brokerage that offers investors a pie-based approach to long-term investing.
- $0 account minimum. 100% commission-free trades and no hidden fees.
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Public.com / Invest in Stocks, ETFs, Crypto and More
The Public.com app enables you to invest in stocks and ETFs with commission-free trades through an easy-to-use mobile interface with community features.
- No account minimums and buy and sell fractional shares.
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Robinhood Invest / Commission-Free Stock Trading App
Robinhood Invest offers commission-free trades of stock, ETF, fractional shares, options, and cryptocurrency with zero account minimum and no monthly account fees.
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SoFi Active Investing / Invest Starting with $5 – Stocks, ETFs
- SoFi Active Investing allows you to buy and sell stocks, fractional shares, and ETFs.
- No commission trades, no account minimums.
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Stash Invest / DIY Investing and Robo-advisor Portfolios for Beginners
Stash Invest is a robust investing app that allows you to start and grow your investments in stocks, ETFs, and fractional shares for as little as $5.
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Stockpile / Investing App Where Parents and Kids Invest Together
- Stockpile is an online brokerage helping parents and children invest together.
- No account minimums, zero-commission fees, and ability to purchase gift cards.
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Wealthfront / Automated Index Portfolios and DIY Stock Investing
Wealthfront offers recommended investments and low-cost portfolio management through its robo-advisor service, along with a DIY account for investing in individual stocks.
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Webull Stock Trading / $0 Commission and No Minimum
Webull is a commission-free trading app that allows you to buy and sell stocks, ETFs, and trade options.
Promo: Receive FREE stocks. Open an account and make an initial deposit of any amount.
Online Brokerage FAQs
What Online Brokerage Account Should I Choose?
The best type of online brokerage accounts for you depends on your financial goals. For example, if your goal is retirement, focus on tax-advantage accounts like IRAs. You’ll then need to open an account with an online broker that offers them. Learn more about the differences between stock trading and Robo-advisor platforms.
How Much Money Do I Need to Open an Online Brokerage Account?
Depending on the online broker, you’ll have a range of account minimums that range from $0 to several thousand dollars.
Can I open accounts with more than one online brokerage firm?
In short, yes, you can open a brokerage account with as many online brokers as you’d like. However, It’s not necessary to do so. Focus on simplicity and investing strategy as opposed to managing multiple brokerage accounts.
What You Need to Know about Online Brokerage Accounts
Whether you’re planning to actively trade stocks or passively invest in low-cost index funds or get the help of Robo-advisors, you’ll need a brokerage account.As you decide which online broker to use, consider your investment strategy, as it’ll help inform which platform is best. Look for a platform that offers everything you need in one place. For example, it provides taxable accounts and retirement accounts. And access to different investment types like stocks, ETFs, bonds, commodities, options, or more.Finally, understand your risk tolerance, investment goal, and time horizon. If this sounds overwhelming, then consider a robo-advisor.