In the very uncertain and unpredictable world of investing, there’s one aspect that you’re able to control – your brokerage.
Whether you prefer the comfort of a full service broker, the low fees of a discount broker, or a mutual fund company specialist; there’s a brokerage account out there that is tailored to meet your needs. It’s absolutely crucial that you pick the right one for the investments you intend to make because changing brokers, while certainly possible, can be a bit of a pain.
Below you’ll see a list of the most popular brokers along with their commission rates for online, phone assisted, and broker assisted trades, if they are offered. It also includes important information such as the initial deposit, any maintenance fees, as well as a balance to avoid. Finally, there’s additional commentary that gives color to the otherwise boring numbers. Each one of these brokers is SIPC insured.
Finally, remember that you aren't restricted to sticking with just one broker. You're not married to your broker, you can check other ones out!