Best online brokers for stock trading in April 2024 | Bankrate (2024)

Best online brokers for stock trading in April 2024 | Bankrate (1)Written by

James Royal, Ph.D.

James Royal, Ph.D.

Best online brokers for stock trading in April 2024 | Bankrate (2)Edited by

Mercedes Barba

Mercedes Barba

Best online brokers for stock trading in April 2024 | Bankrate (3)Reviewed by

Robert R. Johnson

Robert R. Johnson

Best online brokers for stock trading in April 2024 | Bankrate (4)Edited by

Mercedes Barba

Mercedes Barba

Best online brokers for stock trading in April 2024 | Bankrate (5)Reviewed by

Robert R. Johnson

Robert R. Johnson

As of April 01, 2024

Stocks are one of the best long-term investments you can make to build wealth, and it’s never been easier to buy stocks online. But how do you choose the best online broker for stock trading? That depends on the type of investor you are and the features you need the most.

Bankrate analyzed dozens of brokerage firms to help you find the best online brokers for stocks. Here are our top picks for the best online stock brokers.



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The best online brokers for stocks in April 2024:

  • Charles Schwab
  • Fidelity Investments
  • Robinhood
  • E-Trade
  • Interactive Brokers
  • Merrill Edge
  • Ally Invest
  • Tastytrade
  • WellsTrade

The top online brokerage accounts for trading stocks in April 2024

An online broker is a financial institution that allows you to purchase securities, includingstocks, through an online platform. Online brokers are sometimes referred to as discount brokers because they offer a considerable discount to what the typical full-service brokerage firm charges.

With an online broker, you won’t get the same financial advice or investment recommendations that full-service brokers typically provide, but you will get commission-free trading and access to a number of other services and products depending on which broker you choose. Choosing an online broker makes sense for most investors.

Best online brokers for stock trading in April 2024 | Bankrate (6)

Charles Schwab

Rating: 5 stars out of 5


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  • Charles Schwab has a long pedigree of helping individual investors, and that tradition remains firmly intact. Schwab really does everything well, from strong trading platforms and a broad array of tradable securities and services to responsive customer support at any time.

    Who are they best for?From novice investors to seasoned pros, Schwab is an overall good choice for those who want to go at it themselves and have professionals on call just in case.

Best online brokers for stock trading in April 2024 | Bankrate (7)

Fidelity Investments

Rating: 5 stars out of 5


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  • Whether you’re looking for a great trading platform, low commissions or helpful customer support, Fidelity will do right by you. This broker does it all well, and it’s one of the easiest to use, especially if you’re just starting out, but works well for advanced investors, too.

    Who are they best for? Investors just starting out can benefit well from Fidelity’s wide range of easily digestible educational tools.

Best online brokers for stock trading in April 2024 | Bankrate (8)


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  • Robinhood has made a splash, developing millions of devoted followers for its commission-free trading and user-friendly mobile app.

    Who are they best for? Robinhood is a great platform for investors who are getting started and want to trade quickly and without too much hassle.

Best online brokers for stock trading in April 2024 | Bankrate (9)


Rating: 4.5 stars out of 5


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  • E-Trade provides a solid option, regardless of what type of investor you are — passive or active, novice or expert. And it has a great educational section, offering not only a library of educational tools, but a merry-go-round of webinars, news clips and educational videos aimed at investors of all levels.

    Who are they best for?Great for all levels of investor, especially if you’re looking for research and education. If you are looking to trade often, E-Trade’s discounts on volume options trading are a huge benefit.

Best online brokers for stock trading in April 2024 | Bankrate (10)

Interactive Brokers

Rating: 5 stars out of 5


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  • Interactive Brokers has long been known as a brokerage for professionals and active investors, with a powerful trading platform and good trade execution.

    Who are they best for? Investors who might already know a thing or two and want to further their investment game.

Merrill Edge

Rating: 4.5 stars out of 5


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  • Merrill Edge is a full-service broker that offers high-quality tools for traders while still catering to investors looking to get started. That’s especially evident when you consider that the broker has more than 2,000 locations inside parentBank of America’sbranches, makinghuman advisorseasily accessible, a particularly valuable feature for newer investors needing a guiding hand.

    Who are they best for? Investors of all levels can benefit from Merrill’s wide range of resources and on-hand customer service support. Merrill can be especially beneficial for clients of Bank of America.

Best online brokers for stock trading in April 2024 | Bankrate (11)

Ally Invest

Rating: 4.5 stars out of 5


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  • Ally Invest has a lot that investors will like, such as its commission-free stock and ETF trades, 24/7 customer service and trading platform, which more active traders will appreciate. You’ll also get access to news and independent research on stocks you’re following as well as a mobile app that helps you stay connected on the go.

    Who are they best for? Many investors will benefit from Ally’s offering, but existing customers of Ally’s online bank will appreciate having their finances in one place.

Best online brokers for stock trading in April 2024 | Bankrate (12)


Rating: 4 stars out of 5


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  • Tastytrade is a newer entrant to the brokerage world, and it really caters to active traders looking to slash costs. Its pricing structure favors high-volume clients with capped commission on options and cryptocurrencies, helping them trim trading fees while still providing high-quality service.

    Who are they best for? Tastytrade will likely fit best for active stock traders, but it’s also going to do well for those working with options and cryptocurrency.


Rating: 3 stars out of 5


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  • WellsTrade is the brokerage service of the financial conglomerate WellsFargo, and it offers no commissions on stock and ETF trades in addition to no transaction fees on more than 1,800 mutual funds.

    Who are they best for? WellsTrade will likely be a good fit for clients of WellsFargo as well as buy-and-hold investors.

What to consider when choosing a broker

The best online stock trading websites offer investor-friendly features and fees traders can easily justify. To come up with the list of firms consumers should consider this year, we considered the following factors:

  • Price:When it comes to fees, you’re in luck — fees have been dropping swiftly as most online brokers slashed their trading commissions on stocks and ETFs to $0. For this list of best online trading sites, we considered fees and trading costs to see how they stack up.
  • Broker resources:You’ll also want to consider factors such as research tools, the quality of the digital trading app, and the ability to place trades quickly and reliably, among other details.
  • Strategy:The account you really want will ultimately come down to your personal investment strategy — including how frequently youplan to tradeand whether you’re a beginner or are more experienced. We considered how each investing platform tailored its offerings to a different type of consumer.

How to start trading stocks quickly and easily

Online stock trading may sound complicated, but it’s fairly easy once you’re set up with an account. Here are a few tips on how to get started quickly:

  • Do your research.Researching potential investmentsahead of time will allow you to hit the ground running once your account is funded.
  • Gather personal information.In order toopen an account, you’ll need to provide some basic personal information about yourself and any other people listed on the account. Make sure to have information like your Social Security number handy.
  • Link your bank account.By linking your bank account to your online broker, you’ll be able to deposit funds faster than if you mail a physical check.Funding through an electronic transfershould allow you to start trading within a few days of opening your account.

Can you buy stocks online without a broker?

Most people will want touse an online broker to buy and sell stocks. It is true that some companies offer direct purchase programs that allow you to buy stock directly from the company, but these can be onerous to navigate and aren’t necessary when you can buy stocks through most online brokers commission-free.

Frequently asked questions

Note: Bankrate’sBrian Bakeralso contributed to this story.

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Which is the best trading platform in 2024? ›

Best Trading Apps for 2024: Fees and Features,
Trading AppsTop FeaturesTrading charges
Zerodha KitePossesses every possibility for stock tradingRs.20
Angel OneQuick stock purchases and salesRs.20
Upstox AppIdeal for immediate investmentRs.20
Groww AppIdeal for Novices0.05% or Rs.20(whichever is lower)
6 more rows

Who is the number one online stock broker? ›

Summary: Best Online Brokerage
CompanyForbes Advisor RatingBEST FOR
Interactive Brokers4.4Best Online Broker For Traders
TD Ameritrade4.4Best Online Broker For Beginners And Best For Mobile App Users
Fidelity Investments4.4Best Online Broker For Everyday Investors
Charles Schwab4.3Best Online Broker For Customer Service
1 more row
May 30, 2024

What is the most trusted trading platform? ›

Best Online Brokerage Accounts and Trading Platforms of 2024
  • Best Overall: Fidelity.
  • Best for Low Costs: Fidelity.
  • Best for Beginners: Charles Schwab.
  • Best for Advanced Traders: Interactive Brokers.
  • Best for ETFs: Fidelity.
  • Best for Options Trading: tastytrade.
  • Best for International Trading: Interactive Brokers.

What is the best stock broker to go with? ›

Summary of the best brokers for trading stocks:
  • Fidelity Investments.
  • Interactive Brokers.
  • Charles Schwab.
  • Webull.
  • J.P. Morgan Self-Directed Investing.
  • Robinhood.
  • SoFi Active Investing.
  • E*TRADE.
May 31, 2024

What is the stock market outlook for 2024? ›

S&P 500 earnings to increase 9.3% compared to a year ago. S&P 500 earnings growth to accelerate in the second half of the year. Full-year S&P 500 earnings growth of 11.4% in 2024. Full-year S&P 500 revenue growth of 5% in 2024.

How much money do day traders with $10,000 accounts make per day on average? ›

On average, day traders with $10,000 accounts can make $200-$600 per day, with skilled traders aiming for 2%-5% returns daily. So, it is possible to achieve a daily profit of $200 to $600 with a $10,000 account.

Which broker do most traders use? ›

Best brokers for day trading
  • Interactive Brokers.
  • E*TRADE from Morgan Stanley.
  • Fidelity.
  • Webull.
  • Robinhood.
  • TradeStation.

Which broker is most reliable? ›

Best Overall - Zerodha

Zerodha, a top discount broker, excels in trading and demat account services. Positive reviews, a user-friendly interface, affordable fees, diverse investment options, and useful features like technical indicators and advanced charting tools make it the best choice overall.

What website do most traders use? ›

The fastest trading platform will be found among TradeStation, tastytrade, Charles Schwab's thinkorswim, Interactive Brokers' Trader Workstation (TWS), and Webull because they are desktop-based.

What brokerage has the lowest fees? ›

Best Discount Brokers
  • Best Overall: Fidelity.
  • Best Broker for Low Margin Rates: Interactive Brokers.
  • Best Broker for Fractional Shares: Interactive Brokers.
  • Best Low-Cost Futures Broker: Interactive Brokers.
  • Best Low-Cost Options Broker: Webull.
  • Best Broker for Earning High Interest on Uninvested Cash: moomoo.
May 31, 2024

What is the most trustworthy trading app? ›

List of The Top 10 Trading Apps In India
RankNamesTop Features
1Paytm MoneyZero commission on direct mutual funds
2Zerodha KiteHas all the stock trading options
3Angel OneRapid buying and selling of stocks
4Upstox AppBest for instant investing
6 more rows

Who is the No 1 stock broker in us? ›

Based on their assets under management (AUM), the biggest four brokerage firms in the U.S. are Charles Schwab, Vanguard, Fidelity, and JP Morgan. Below is a short analysis of each brokerage's products, services, and fee structures as of May 2024.

Which online stock broker is best? ›

Stock Brokers
  • Groww (3.1) Full Details. Discount Broker. ...
  • Zerodha (3.8) Full Details. Discount Broker. ...
  • Angel One (3.2) Full Details. Full Service Broker. ...
  • Upstox (3.4) Full Details. ...
  • ICICI Direct (3) Full Details. ...
  • HDFC Securities (3.1) Full Details. ...
  • Kotak Securities (3.1) Full Details. ...
  • Motilal Oswal (3.8) Full Details.

How do I choose an online stock broker? ›

Choosing the right online broker requires some due diligence to get the most for your money.
  1. Step 1: Know Your Needs.
  2. Step 2: Narrow the Field.
  3. Stock Broker Regulation and Trust.
  4. Online Security and Account Protection.
  5. Brokerage Account Offerings.
  6. Step 3: Figure Out the Fees.
  7. Broker Account Fees.
  8. Trading Commissions.

What are the best stocks to invest in 2024? ›

Best S&P 500 stocks as of June 2024
Company and ticker symbolPerformance in 2024
Super Micro Computer (SMCI)176.0%
Vistra (VST)157.2%
Nvidia (NVDA)121.4%
Constellation Energy (CEG)86.0%
6 more rows

What is the future source trading platform? ›

FutureSource offers global asset class coverage, including stocks, bonds, foreign exchange, energy, and commodities. And it is supported by Interactive Data's state-of-the-art network, which can provide global exchange connectivity and a broad array of content to our clients.

How many trading days in 2024? ›

With 6.5 trading hours on regular days and 3.5 on short days, there are a total of 127 trading hours for that month. There are exactly 252 trading days in 2024: out of a possible 366 days, there are 10 holiday closures and 104 Saturdays and Sundays. Stock market holidays are the same for the NYSE and NASDAQ.

Will tech stocks rise in 2024? ›

Artificial intelligence (AI) developments captured investors' attention in the first six months of 2024, with AI-related momentum leading several tech stocks to outpace the S&P 500 and the Nasdaq Composite indexes in the first half of the year.


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