Trailside Insights

Find Your Broker

Compare 12 top brokers side-by-side. Filter by what matters to you and find the best platform for your investing style.

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Showing 12 of 12 brokers

Fidelity

Active Investors
Stock trades
$0
Minimum
$0
FractionalOptionsResearchRobo+3
Pros
  • Zero expense ratio index funds (FZROX, FZILX)
  • Excellent research tools and screeners
  • Strong customer service with 24/7 support
Cons
  • Website can feel overwhelming for beginners
  • No crypto trading
Options: $0.65/contract

Vanguard

Buy & Hold
Stock trades
$0
Minimum
$0
OptionsResearchDRIPMargin
Pros
  • Pioneer of low-cost index investing
  • Unique ownership structure keeps costs low
  • Admiral Shares offer lowest expense ratios
Cons
  • No fractional shares for individual stocks
  • Mobile app less polished than competitors
Options: $1/contract

Charles Schwab

Customer Service
Stock trades
$0
Minimum
$0
FractionalOptionsFuturesResearch+4
Pros
  • Award-winning customer service
  • Schwab Intelligent Portfolios (free robo-advisor)
  • Extensive branch network for in-person help
Cons
  • Fractional shares only through Schwab Stock Slices
  • No crypto trading
Options: $0.65/contract

M1 Finance

Automated Investing
Stock trades
$0
Minimum
$100
FractionalRoboDRIPMargin
Pros
  • Pie-based portfolio automation
  • Dynamic rebalancing included free
  • Borrow against portfolio at competitive rates
Cons
  • No options or futures trading
  • Single daily trading window (2 for Plus members)

Robinhood

Mobile-First Trading
Stock trades
$0
Minimum
$0
FractionalCryptoOptionsExt. Hours+1
Pros
  • Sleek, intuitive mobile app
  • Crypto trading built-in
  • IPO access for retail investors
Cons
  • Limited research and educational tools
  • Customer service can be slow
Options: $0

E*TRADE

Options Trading
Stock trades
$0
Minimum
$0
FractionalOptionsFuturesResearch+4
Pros
  • Power E*TRADE platform for active traders
  • Strong options analysis tools
  • Good educational content
Cons
  • Futures fees higher than specialists
  • No crypto trading
Options: $0.65/contract

Interactive Brokers

Advanced Traders
Stock trades
$0
Minimum
$0
FractionalCryptoOptionsFutures+3
Pros
  • Lowest margin rates in the industry
  • Access to 150+ global markets
  • Professional-grade trading tools
Cons
  • Complex platform not ideal for beginners
  • Customer service can be impersonal
Options: $0.65/contract

Webull

Technical Analysis
Stock trades
$0
Minimum
$0
FractionalCryptoOptionsExt. Hours+2
Pros
  • Excellent charting and technical analysis
  • Extended hours trading (4am-8pm ET)
  • Paper trading for practice
Cons
  • Limited retirement account options
  • No mutual funds
Options: $0

Public

Social Investing
Stock trades
$0
Minimum
$0
FractionalCryptoOptions
Pros
  • Social features and community discussions
  • Alternative assets (art, collectibles)
  • Treasury account with 4.1% APY
Cons
  • Limited research tools
  • No retirement accounts
Options: $0

Tastytrade

Options Specialists
Stock trades
$0
Minimum
$0
OptionsFuturesCryptoResearch+2
Pros
  • Built specifically for options traders
  • Capped commissions ($10 max per leg)
  • Extensive free educational content
Cons
  • No fractional shares
  • Platform learning curve for new traders
Options: $1/contract (capped at $10)

Merrill Edge

Bank of America Customers
Stock trades
$0
Minimum
$0
FractionalOptionsResearchRobo+2
Pros
  • Seamless Bank of America integration
  • Preferred Rewards program benefits
  • Access to Merrill Lynch research
Cons
  • No crypto trading
  • Best benefits require BoA relationship
Options: $0.65/contract

SoFi Invest

All-in-One Finance
Stock trades
$0
Minimum
$0
FractionalCryptoRoboIPO
Pros
  • Integrated banking, loans, and investing
  • Automated investing included free
  • IPO access for members
Cons
  • No options or futures
  • Limited research tools

Secure and Regulated

All brokerages listed are members of FINRA and SIPC, providing protection for your securities up to $500,000 (including $250,000 for cash). We only recommend reputable, established institutions.

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