When it comes to the stock market my thing is to keep it as simple as possible and choosing a broker is no different. Go with a name you are familiar with, easy to use, and meet your investing needs. Personally, I use Robinhood simply because of the mobile app functionality. I am a blogger/photographer meaning I like to trade on the go so it’s extremely important that I went with a broker that makes it super easy for me to trade as work and live. My readers are like me, they like easy and simple. So I put together a super quick list of the top 5 best stock brokers for beginners, check them out.
5 Best Stock Brokers for Beginners
- Robinhood– Easy to use & and best App experience
- TD Ameritrade – Best for overall and beginners
- Fidelity – Best education, research experience & more tools
- E*TRADE – Best web platform
- Charles Schwab – Excellent research tools
Robinhood-Robinhood Is definitely #1 for new investors. It’s super easy to use and the best Mobile experience on the market especially for newbies. It’s perfect for new investors looking for basic and easy trading days. Robinhood definitely gets the job done. But Robinhood does provide little to no market research or trading tools to help beginners make better informed investing decisions. What most people love about Robinhood is that there is no minimum deposit required to open an account at Robinhood, and stock trades are FREE!!! Signup HERE.
TD Ameritrade– My 2nd best pick for beginners is TD Ameritrade. Investors have access to a user-friendly website, hundreds of monthly webinars, videos, and FREE premium courses. TD Ameritrade is the only broker to focus on making the learning experience fun with progress tracking, quizzes, badges, and a unique point system. AND users can practice trading with fake money using the thinkorswim platform. Also, there is no minimum deposit required to open an account at TD Ameritrade, and my personal favorite, stock trades are FREE. Signup HERE.
Fidelity– If you’re looking for one-stop-shop banking and investing service, Fidelity Investments is the best fit. But the app experience is not the best. I prefer their web functionality. Signup HERE.
E*TRADE– E*TRADE definitely has the best web-based trading platform, It’s easy to navigate, fast, and includes usability upgrades perfect for new investors like paper for practice trading and note-taking. Nope, there is no minimum deposit required to open an account at E*TRADE, and stock yes trades are FREE. Because I only recommend COMMISSION FREE PLATFORMS! Signup HERE.
Charles Schwab– Charles Schwab has an excellent selection of market research and super easy to use website, Charles Schwab platforms offer an amazing educational experience that’s perfect for beginners. Charles Schwab’s specialty is retirement which makes it ideal for investors who are thinking longterm. Of course, there is no minimum deposit required to open an account at Schwab, and yes yes yes stock trades are FREE. Signup HERE.
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