TD Ameritrade TD Ameritrade is the largest brokerage firm with no minimum deposit and no minimum account requirements. The broker does offer nearly 2, mutual funds that are no-load and carry no transaction fee. TD Ameritrade offers more than commission-free ETF's and charges nothing extra for large orders, penny stocks, or after-hours trading. There are no inactivity fees or account maintenance fees, including for IRA accounts.
The broker also offers DRIP services free of charge. Research reports are available at no cost from 12 independent providers. Investors also can select from more than 13, mutual funds. Traders have access to two major trading platforms, thinkorswim and Trade Architect, both of which come with free streaming quotes, including Level II quotes. There are retail locations for investors who want personal guidance.
Firstrade Firstrade is a medium size brokerage firm that started to make waves recently by cutting commissions to the lowest level in the industry.
There are no hidden fees at the company. Firstrade created easy to use and well-designed website. Their mutual funds offering is impressive and the broker offers 12 ETFs commission-free. Of course, this is one of the online brokers with no minimum deposit or account balance requirements. Capital One Investing The brokerage arm of Capital One bank is an online broker with no minimum deposit for both retirement and taxable brokerage accounts.
The broker offers more than mutual funds that carry no load and no transaction fee. Capital One is good for investors who want to participate in automatic investing at low cost. The broker also offers DRIPs at no cost. Capital One Investing charges no account maintenance or inactivity fees. The broker gives its clients access to banking services, including checking, savings, and debit cards. Customers also have access to no-fee IRA accounts.
The broker's Portfolio Builder tool gives customers a simple and cost effective method to construct a portfolio. Motif Investing The best priced brokerage firm in this list, Motif Investing also offers online trading accounts with no minimum deposit or account balance requirements. Options and mutual funds are not offered. However, clients can create their own mutual funds called motifs. Motif Investing is known for its low commissions and good deals on margin rates.
The broker offers its clients no-fee IRA's. The firm has no volume requirements, no maintenance fees, and no inactivity fees. DRIP services are available at no cost, but only for whole, non-fractional shares. Compared with other brokerage firms, USAA charges very few fees. The broker charges no account maintenance, inactivity or hidden fees. All rights are reserved.More...