You have decided it’s time to get a brokerage account. But the problem probably seems a little scary, especially after the intense fluctuations in the stock market in 2020. But it can actually be quite easy և Many brokers are friendly to investors, especially beginners.

If there are many options, you probably want a broker that includes affordable educational resources, an easy-to-navigate program, a website, zero commissions, low fees, and minimal discounts available. Here are some options to consider:

The best online stock brokers for beginners.

Topics included on this page:

Hint. The best online brokers for beginners in August 2021

TD Ameritrade:

TD Ameritrade is good for beginners as it has access to all the information that can guide you to the world of investing. New investors can access all kinds of educational materials, including over 200 instructional videos, tutorials, and more.

TD Ameritrade also makes it easy to ask investment questions without having to worry about being judged for asking something “too rudimentary”. You can also interact with the brand in applications that you already use, such as Facebook Messenger and Amazon Alexa devices.

Two mobile trading programs – TD Ameritrade Mobile և TD Ameritrade Mobile Trader give you the opportunity to trade և much more wherever you are.

(Charles Schwab bought TD Ameritrade կ will eventually merge the two companies).

  • Trading price per share / ETF. $ 0:
  • Minimum account opening balance. $ 0:

E-commerce financing

E-commerce is considered by many to be an online brokerage pioneer, but it also keeps pace with the times by offering two mobile applications. In the E-Trade mobile application, you can transfer money using a mobile check deposit in addition to other functions such as market retrieval or stock trading և ETFs. Its other mobile app, Power E-Trade և, allows you to place orders, including complex options trades on a single ticket. You will also receive streaming news, quotes, and a customizable options chain.

E-commerce may be great for beginners as it offers all kinds of content to help you understand what you are doing, including videos, articles, and live tutorials.

  • Trading price per share / ETF. $ 0:
  • Minimum account opening balance. $ 0:

Ally Invest:

Ally Invest is a newer participant in the brokerage space, which was launched a few years ago after the acquisition of TradeKing. Ally is a strong offer for those who are already doing business with Ally Bank and would like an easy way to expand their investment relationship.

You can also sign in to your Ally mobile app to receive quotes or trade. Direct Bank is also widely known for its excellent customer service, advanced digital banking features, and you can quickly transfer cash from your bank account to your investment account.

It also offers a resource center with useful content written in a more enjoyable way than many, for example, think of headlines like “What do mutual funds and pizza have in common?”

  • Trading price per share / ETF. $ 0:
  • Minimum account opening balance. $ 0:

Merrill Edge:

With minimal investment, Bank of America Merrill Edge is a great option for novice investors, especially if you are a Bank of America customer. As one of the bank’s clients, you will have instant access to your brokerage cash transfers և you will be able to access Merrill Consultant in over 2,000 Bank of America locations.

Merrill Edge integrated mobile experience allows you to make credit card payments և make a trade, assuming you are a bank customer և investor.

Merrill Edge also provides extensive research to help you make business decisions, and rich educational materials can help you accelerate your investment.

  • Trading price per share / ETF. $ 0:
  • Minimum account opening balance. $ 0:


Robinhood is a child poster for fintech disruptors, աճ subscriber growth was skyrocketing, especially when it was one of the only brokers offering free trades. This first mobile broker made mobile trading its standard, and its app maintains that easy function.

If you are just starting out, Robinhood will give you up to $ 1,000 in instant entry when you make a deposit so you can start trading right away. While the main function of the application does not include a lot of research or training materials, you can choose Robinhood Gold (for $ 5 per month) to receive Morningstar reports on 1700 companies, as well as margin trading.

  • Trading price per share / ETF. $ 0:
  • Minimum account opening balance. $ 0:

Charles Schwab

Charles Schwab is the original discount broker, he easily jumped to the online broker. Schwab is as friendly to investors as they come in, offers a range of features to help you get started on your journey from start-up to confident investor.

Schwab offers stock reports, Morningstar reports և Reuters news, while broker’s ETF browser will help you find a winning fund. Schwab also provides great educational materials for beginners so you can learn all the basics of good investing.

The fully featured mobile app lets you do just about anything you can do on your desktop. Also a fun feature for beginners. You can get a $ 100 bonus with just a $ 1000 initial deposit with a referral code from a friend.

  • Trading price per share / ETF. $ 0:
  • Minimum account opening balance. $ 0:

Fidelity Investments:

Loyalty can be the most rewarding option for investors, which is a great choice for beginners. This broker offers everything և it does it at a high level with excellent customer service, especially over the phone, where you can get the answer to your detailed question in seconds.

The research resources are in-depth here with various reports available. You will get all the basics on how to make smart investments և much more. You can attend webinars or view registered ones that cover almost any area of ​​investment, so you will be knowledgeable in no time.

Fidelity’s website is easy to navigate,: you will quickly find what you are looking for without much fuss.

  • Trading price per share / ETF. $ 0:
  • Minimum account opening balance. $ 0:

Other options. The best robot consultants

If getting started is still scary, և you want a low cost option that manages your investment portfolio, then a robot consultant is a great option. Robo-Consultant will create a portfolio based on your risk tolerance և time horizon և you will make a low payout based on how much you have. And it only takes a few minutes to get started.

Two of the largest independent robot consultants are Betterment և Wealthfront.

You need a lot of money to use a broker.

The great news for investors these days. It has never been cheaper և to start investing. In fact, lower fees have made online brokers more investor than ever before. This way, you will not have to spend a lot of money to start your investment journey.

Virtually every major online broker allows you to start with no minimum account, so you can start with $ 5 or $ 500. It is also easy to find a broker who offers stock և ETFs with no commission (և sometimes options), so you do not charge prices when buying or selling. With no commission, you can invest a small amount of money into all of your securities.

The only common fee charged with brokers is the “transfer fee” if you want to transfer securities to another account. And you will only pay for it if you are transferring securities but not paying for cash transfers.

For these reasons, it has never been cheaper for investors to start investing in the market.

What other resources do you need?

While cost is a key factor in choosing a broker, you may also want to consider other features that may enhance your experience, such as:

  • Research. How much research does the broker offer? Is it internal work or from third parties? Do you need research on individual stocks or are you looking for tools?
  • Education: Many brokers offer a variety of educational resources to help you understand how to invest effectively. Many brokers offer articles և webinars on how to use their advanced products and tools, especially if you trade more often.
  • Shopping simulators. Some brokers offer trading simulators that give you virtual money, allow you to use the simulator to test their platform, test your skills.
  • Customer support. If you are just starting out, you may have a lot of questions, so good customer support can be vital. Check for a broker: to see if it fits your needs.
  • Mobile applications. If you are looking to trade mobile, you may want to take a look at the broker program first. While some brokers are mobile և known for the quality of their application, almost all major online brokers offer software that can get the job done.

These are just some of the goal setting shareware that you can use.

Learn more.