Best online brokers for 2020
Scott Thurston
Last Updated on September 28, 2020
Fidelity
4.9/5
TD Ameritrade
4.5/5
Charles Schwab
4.1/5
To find the best online brokers in 2020, we went ahead and did the research for you. After testing, analyzing and comparing 70 brokers, 5 made it to the top. We highly recommend all 5 to you. And now, without further ado...
The top 5 picks for the best online brokers in 2020:
- Interactive Brokers is the best online broker in 2020. Low trading fees. Wide range of products. Many great research tools.
- Fidelity in the second place. Solid research tools. Great web trading platform. US and international stocks.
- TD Ameritrade rounded out the top three. Low trading fees (free stock and ETF trading) . Superb desktop trading platform. Great customer support.
- Charles Schwab, numero quatro. Free stock and ETF trading. Outstanding research. Great customer service.
- Saxo Bank. Great trading platform. Outstanding research. Broad product portfolio. Just made it to the list with being number five.
Header | Broker | Accepts clients from | Score | Best in |
|---|---|---|---|---|
 | US | 4.9 | ||
 | US, China, Hong Kong, Malaysia, Singapore, Thailand, Taiwan, Canada | 4.8 | ||
 | Globally | 4.7 | ||
 | Globally | 4.6 |
What makes a good online broker? First of all, they need to offer fair fees and to have a good safety score. It must also be easy to open an account and deposit money. They should give access to many products and need to have a great platform.
Easy to list, but hard to figure it out. We are testing brokers more than 100 criteria with real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.
Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.
Pros | Cons |
|---|---|
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Fees
As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.
Interactive Brokers has low trading fees; while for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.
Top Stock Brokers: Fidelity
Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.
4.9/5
Pros
- Low trading fees
- Wide range of products
- Many great research tools
4.9/5
Interactive Brokers is the best online broker in 2020.
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