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Top 13 Brokers for Online Trading

Illustration of a happy trader

Since the early days of online trading, the brokers’ job has been to offer the greatest experience by empowering clients to participate in the markets. As more and more brokers join the industry, choosing the best one has become a task of its own. In this article, we will break down some of the top brokers out there and go over their best features. That way, you can make the best decision as to where to do business. Note that we include all types of brokers, from FX to Crypto.

Tradeview Markets

An important feature for many clients who enjoy the ability to trade more than one financial instrument. Another prominent feature of Tradeview is that it has more trading platform options as compared to other brokers. This gives traders more options to adjust to their needs and wants. If you want to get the full experience of trying a trading platform, open a free demo account.

It is regulated by Cayman Island Monetary Authority (CIMA) as well as the Malta Financial Service Authority (MFSA), they  accept deposits from 100 USD, the maximum leverage up to 1: 400 to some customers depending on their location, the spreads are very tight ranging from 0 to 0.7 PIPS in normal market conditions thanks to their proprietary software, the Innovative Liquidity Connector . Tradeview Markets provides live customer service representatives  at your disposal. 

Customer service is a critical factor to take into account when choosing a broker. Fortunately for Tradeview clients, customer support is available in English, Spanish, Chinese, Arabic, Korean, Russian, French, Italian, Japanese, Hindi, and Portuguese. And it has a Trading Community that differentiates it from any other broker, called TradeGATEHub  in which you can interact with more professional, experienced traders.

TRADEVIEWPlatformASSETS TO TRADEACCOUNT MINIMUMFEES
Through the MT5 Web / Mobile / Desktop

Site: tradeviewstocks.com/en/

Futures
Forex
Stocks / Equities

$2500
$100
$5K

All-in pricing beginning with $0.1 per share

Tradeview has one of the most robust arsenals of trading platforms; available such as Metatrader 4, Metatrader 5, cTrader, Sterling Trader Pro, Sterling Trade Web, DAS Trader, Takion, and Currenex. 

With over 1000 instruments to trade from. Tradeview offers the best support to fulfill traders’ needs. It has professional staff with many years of experience, 24/6 global operations,technical support, and senior professionals tailor the service to your requirements and trading style, providing excellent execution and service

Tradeview offers efficient settlement utilizing industry-standard protocols, automated straight-through processing (STP). They also offer highly secure digital infrastructure with strong encryption protocols, including digital certificates and available dual authentication login, flexible reporting customizable to your needs, and sophisticated pre and post-trade allocation capabilities. 

There are several excellent reasons why clients experience paramount safety and ease of mind when transacting with Tradeview: 

  • Accounts with Top Tier Banks
  • Segregations of client funds
  • Regulated in multiple jurisdictions
  •  Risk management system that ensures that clients’ account balances will never go negative. 

 

Why Do People Choose TradeView? 

We are in a phase of constant growth. Traders benefit from lower spreads to flexible Leverage and Commissions Payouts. We work to support traders in all their needs. 

Regulated and authorized by multiple jurisdictions.Best-of-Market spreads from 0 Pips. Unrivalled market execution with no re-quotes.
Protection to client funds with segregated accounts at Tier 1 banks.Flexible Leverage up to 1:4000.Variable spreads with variable commission types.
MT4, MT5, cTrader, and Currenex.25 of the world’s most Liquid Currency Pairs.Zero charge on all deposits and withdrawals. 
Mobile Trading.Precious Metals including Gold and Silver.Fund your account with Credit Card, Debit Card, Bank, Wire, and more. 
Micro Lots for ALL Accounts.U.S and European Index CDF’s. 

Trading platforms:

FOR FX MT4, MT5, C-TRADER, AND CURRENEX.

FOR STOCKS AND OPTIONS: MT5, STERLING PRO, LIGHTSPEED AND DAS TRADER,  

Tradeview Markets is regulated by the Cayman Financial Services Authority (CIMA). 

Ally

Surfs Up! Has developed a table where you can find all the main features, pros and cons of Ally:

ALLY

Platform

ACCOUNT TYPES

ASSETS TO TRADE

ACCOUNT MINIMUM

FEES

Ally

Support Self-directedManaged Portfolios

StockETFsOptionsBondsMutual funds

N/A

$0 for online stock,  ETF, or option  trades

$0,50 per options contract$20 plus regular commission fee for broker-assisted trades$9,95 for no-load mutual funds

POSITIVE ASPECTSNEGATIVE ASPECTS 
User-friendly Pair bank accounts with the trader investments in one app best with banking products Limited trade tools for expert tradersMobile app research limited

Ameritrade

Surfs Up! Give us  a table where traders can find all the main features, pros and cons of Ameritrade: 

AMERITRADEPlatformACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES

Thinkorswim by TD Ameritrade

Education RetirementSupports StandardOthersStocks Mutual Funds Bonds Options ETFs

N/A, however, a $2,000 deposit is required to be considered for margin and certain options privileges, regardless of any promotional offer.

$0 for online stock, ETF, and option trade $0,65 for each option contract $25 for broker-assisted trades $49.99 for no-load mutual funds
POSITIVE ASPECTSNEGATIVE ASPECTS 
Beginner and advanced mobile app low-cost accounts Research sources Support for different assets and account types. TD Ameritrade’s Think or Swim is one of the more time consuming platforms that is difficult to learn.

Binance

BinancePlatformACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES
Bianace: BTC NFTs Memes & MetaPersonal AccountEntity or Business AccountCryptocurrency$100.01% spot trading fee0.75% for Bitcoin trades0.5% Instant Buy/Sell fee4.5% for debit card transfers
POSITIVE ASPECTSNEGATIVE ASPECTS 
High-speed trade executionOnly for CryptoNot available everywhereBinance has run into regulatory issues and controversy in some countries.

Table developed taking into account the information provided by NerdWallet

Blockfi

BlockFiPlatformACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES
BlockFi – Buy & Sell CryptoInterest accounts Business cryptocurrency interest accountsCryptocurrency$00% (spread fees can range up to 1%)
POSITIVE ASPECTSNEGATIVE ASPECTS 
Interest accounts are available worldwide and in 49 US states.Trades are Commission-free (including small spread rates).No minimum account size requirements.  Interest account not available for New York residents.Limited Crypto selection and educational resources.Interest account holders only get one free stable coin withdrawal and one free crypto a month.Has higher risk as it is not protected by FDIC, SIPC, or other insurance. 

Table developed taking into account the information available in Business Insider

Charles Schwab

Surfs Up! Shows us a table where traders can find all the main features, pros and cons of Charles Schwab: 

CHARLES SCHWABPlatformONLINE STOCK TRADE COMMISSIONACCOUNT MINIMUMFEES

Charles Schwab

$0

$0

$25 for broker traders

POSITIVE ASPECTSNEGATIVE ASPECTS 
User-friendly mobile and desktop apps $0 Commission The trader needs to pay for assistance

CITY INDEX

BlockFiPlatformACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES
MetaTrader 4At ProAdvantage WebPersonal accountSelf-Managed Super Fund (SMSF) accountCorporate and Trust accountJoint accountForex Commodities CryptocurrencyStock CFDsindex CFDs$1000.4 points minimum spread for Indices/CDFs0.08% or S$10 minimum commission for Shares /CDFs0.5 points minimum spread (for EUR/ USD) for Forex/CFDsFunding Fee 2.00% (for debit and credit cards)0.4 points minimum spread (for US Crude Oil)$15 (for 24 months and above)
POSITIVE ASPECTSNEGATIVE ASPECTS 
Large product catalog.   

It has a lot of feesNo social trading dataNo volume discounts

E*Trade

Surfs Up! Has develop a table where traders can find all the main features, pros and cons of E*Trade: 

E*TRADEPlatformONLINE STOCK TRADE COMMISSIONACCOUNT MINIMUMFEES
E*Trade$0 It charges up to $6.95 for OTC stock. $0 $0
POSITIVE ASPECTSNEGATIVE ASPECTS 
Experience since the 1980sApp for beginners and expertsAcquisition by Morgan Stanley may bring changes in the near future

Table develop taking into account the information provided by E-TRADE Financial Corporation (ETFC)

Fidelity

Surfs Up! Has develop a table where traders can find all the main features, pros and cons of Fidelity: 

FIDELITYPlatformACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES
Fidelity InvestmentsEducation RetirementSupport brokerageOthersStockMutual FundsFractional Shares InvestingETFsN/A$0 for online stock, EFT, and option trade
$0,65 for each option contract$32,95 for broker-assisted trades$ 49.95 for no-load mutual funds
POSITIVE ASPECTSNEGATIVE ASPECTS 
Intuitive screen to enter trades and track performance social media-style feed research sources Support for different assets and account types. Best for beginners Almost non advanced charting options

Table constructed taking into account the information provided by Fidelity Management and Research.

Find here the Best for  Stock Market Beginners 

SoFi

Surfs Up! Gives us a table where traders can find all the main features, pros and cons of SoFi:

SoFiPlatformACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES
Yes
SoFi Investment Money and Buy Crypto
Cryptocurrency AccountsPlus retirements Support Self-Directed and managed portfoliosStockETFsCryptocurrencies$1$0 for online stock or ETF1.25% for crypto transactions
POSITIVE ASPECTSNEGATIVE ASPECTS 
Low fees cash management accounts Loan ProductsSpecial events for members integrated learning resources Customer-friendly app best for learning about tradingFew account types limited assets 

TastyWorks

Surfs Up! Shows us a table where traders can find all the main features, pros and cons of Tastyworks:

TastywordsPlatformACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES
tastyworksIndividuals and joint margin or cash accountsRetirements CorporatesTrustInternational accountsStockETFsFuturesN/A$0 for online stock or ETF trades
$1 per option on stock or EFT ($10 as a minimum)$2.50 per option on futures $1.25 per futures contract$0,85 futures e-micros contract 
POSITIVE ASPECTSNEGATIVE ASPECTS 
Advanced Trading Features Supported account types Capped fees on option trades best for options tradingLimited education resources high fees

TradeStation

Surfs Up! Has develop a table where traders can find all the main features, pros and cons of TradeStation:

TRADESTATIONPlatformONLINE STOCK TRADE COMMISSIONACCOUNT MINIMUMFEES
TradeStation $0 But it has a $10 desktop trade for TS Go accounts. $0 for TS Go accounts$2,000 for TS Select accounts TS Select Desktop app charges the trader if the balance is less than $2.000Fees for stock trade over $10.000
POSITIVE ASPECTSNEGATIVE ASPECTS 
User-friendly and high-quality mobile and desktop apps Access to the advanced data feedA lot of fees

Webull

Surfs Up! Share a table where traders can find all the main features, pros and cons of Webull: 

WEBULLPlatformACCOUNT TYPESASSETS TO TRADEACCOUNT MINIMUMFEES
Webull: Stocks, Options and ETFsIRASupport brokerageStockOptionsCryptocurrenciesETFsN/A$0 for online stock, ETF, and option trade$8 – $45 for wire transfers
POSITIVE ASPECTSNEGATIVE ASPECTS 
The advanced chart features commissionsFee stock promotions news Interaction with other usersPaper trading for virtual currency tradingBest Free appLimited customer service limited assets 

There are many parameters to look at while choosing a broker which can be covered in different topics later. It is important to choose a broker not only on the basis of the trading application used but also on the products and services they offer. To get the best of the trading experience and trade execution along with other features which include programming and Algorithmic trading. 

If you want to become a Trading master, make sure to enroll into our free Tradeview Academy!  Find all the worldwide news, blogs, and info you need to build great trading strategies with Surfs Up!. If you want to check on those strategies and get advice from the pros make sure to join TradeGATEHub, the best trading community.  Choose brokers that offer new technology that gives you the edge to be on top of the market. Now that you know about the best MetaTrader Brokers out there, open a Demo account with Tradeview and try it out!

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