Best Cheap Broker: Best Broker To Invest
Finding the best cheap broker does not have to be difficult. Although there are indeed many alternatives and they all promise to be the best, we have published a guide to help you find the best stock broker that best suits your type of investment. If you want to pay fewer commissions or are looking for the best cheap online broker, this guide is made especially for you.
The best broker to invest
We have already analyzed what is a broker. now it’s time to find the best cheap broker for you. To create this list we have analyzed the prices and commissions of the most reliable brokers, the efficiency when buying or selling shares and other investment products, and we have taken into account the opinions of brokers that people have expressed on the Internet.
These are the results of our analysis of the best cheap broker:
1. Robinhood
You can start investing for FREE, thanks to the Robinhood stock broker. They do not charge any type of commission when buying or selling shares and it is very easy to open an account.
If you want to invest, Robin Hood is the easiest way to start. Google is the owner of this company and they offer you good options to invest: from stocks, index funds, ETFs, and even cryptocurrencies (like Bitcoin and Ethereum).
Best of all: it’s completely FREE. You will not be charged transaction fees when selling or buying Bitcoins, company shares, and mutual funds with this application.
In addition, they will give you your first company share when you start investing with them.
Also, Robinhood allows you to buy and sell Bitcoins without paying commissions. It is an initiative created by Google, which has had great growth. In addition, they give you a welcome bonus for registering and starting to invest.
2.TradeKing
TradeKing is one of the best brokers with the lowest prices on the market. This company offers very good customer service and we have recommended it as we noticed that it is very interested in the financial education of its clients.
By having a brokerage account with TradeKing, you can have access to an education program so you can learn how to invest in the stock market. You also have access to free weekly seminars that teach you how to find new investment ideas and you can learn about very useful advanced methods.
TradeKing‘s commissions are one of the lowest fees we’ve seen when looking for the best cheap broker. This company has millions of satisfied customers all over the world. You can also use its mobile application so you can invest anywhere you are.
3. Fidelity
Fidelity is not the cheapest broker on the market, but it is a good combination of customer service, quality, and price. Fidelity charges around $8 for each transaction, but many users are satisfied with the service they have received.
This broker also allows you to buy shares in iShares exchange-traded funds (known as ETFs ) without commission, which saves you money and allows you to invest in funds that have been recommended by many.
Fidelity also offers live chat, but we did not like that it is not available 24/7 like other brokers that offer lower prices.
Click here to open one with Fidelity
4. E *Trade
E*Trade is not the cheapest broker to invest in the stock market (they charge between $8-$10 for each trade), but we have decided to include it in the list because it offers other advantages that can minimize commissions depending on your investment mode.
E * Trade offers free commissions for the first 60 days of opening your account, which allows you to invest for free and saves you commissions for two months. To receive this offer, you must open an account with a minimum balance of $1,000
If you want the best of the best, you will love E * Trade, because its technology and platform are like no other broker on the market. This is the most recommended broker by experienced investors and the most active investors in the market.
5.ShareBuilder
Although not our favorite, Capital One ShareBuilder is worth mentioning as one of the best and cheapest brokers on the market. This company offers an investment opportunity that offers you automatic stock purchases so you can invest for a long time at a low cost.
However, we have seen several opinions on the Internet from many people who have had a bad experience with this company due to charges and commissions that they did not understand before opening the account, so it is something that you should analyze.
Best cheap broker: Opinions
We hope our guide to the best cheap broker has helped you find what you need when looking for a cheap stock broker. Remember that if you have any questions or concerns about the brokers mentioned in this list, you can leave us a comment below and we will help you find the answer.
What is the best cheap broker? If you know of other cheap broker services or would like to share your opinion about the broker you currently have, leave us a comment below and we will analyze it to add it to our list of the best online cheap broker.
