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Updated 30 Jan 2023
21th

Ally Invest

Trader Rating
Strengths
  • $0 commission on stocks, ETFs, and options
  • $0 account minimum
  • Excellent features for active traders with low option fees
  • Wide range of trading and research tools for advanced FX and Futures traders
Weaknesses
  • No fee-free mutual funds
  • Price improvement on this platform is poor
22th

TradeStation

Trader Rating
Strengths
  • A long history is the industry means the have craftred a well-trusted reputation
  • The platforms are recently redesigned and have a very intuitive feel
  • Pricing and fees from the broker are typically competitive
Weaknesses
  • The minimum deposit can seem a little on the high side for some traders
  • Customer support availability times could be improved on
23th

Robinhood

Trader Rating
Strengths
  • No minimum for opening an account
  • Cryptocurrency trading is available
  • Trading is affordable
Weaknesses
  • Only offers a limited range of instruments
  • Limited customer support
24th

Lightspeed

Trader Rating
Strengths
  • Low fees if you are an active trader
  • Great quality of customer support
  • Top-quality trading platforms
  • Strong education center
  • Client funds are very well protected
Weaknesses
  • Specially designed to cater to institutional traders and extremely active high-volume day traders
  • The minimum $4.50 charge proves too expensive for casual and infrequent traders
  • Limited funding options
  • Limited funding options
25th

Charles Schwab

Trader Rating
Strengths
  • Good for all types of traders and investors.
  • Free commissions on ETFs, mutual funds, stocks, and options.
  • Huge range of funds to select from with low expense ratios.
  • Unparallelled Excellent research and analytical tools.
Weaknesses
  • Customers are reporting problems with the Schwab mobile application.
  • Funds not on the no-free list are very expensive at $49.95
26th

Firstrade

Trader Rating
Strengths
  • Free trading on stocks, options, mutual funds, and ETFs
  • Easy to use interface
  • Transparent pricing structure
  • Special promotions for new customers
Weaknesses
  • Not good for traders who need portfolio management advice
  • No managed accounts or robo advisor services
  • No desktop platform means it is not ideal for highly active traders
27th

Wealthfront

Trader Rating
Strengths
  • Tiny management fees at 0.25%
  • Free management for accounts under $5,000
  • Free financial planning toolkit - Exceptional goal setting dashboard
  • Tax loss harvesting, stock level tax loss harvesting, and SmartBeta optimization
  • Best robo-advisor for tax minimization
Weaknesses
  • No fractional shares
  • Portfolios under $100,000 are not customizable beyond questionnaire
28th

Place Trade

Trader Rating
Strengths
  • Range of assets supported
  • Offers plenty of educational content
Weaknesses
  • Website seems dated
  • $5,000 minimum deposit
29th

TradingBlock

Trader Rating
Strengths
  • Fully licensed and well-regulated by the NFA and FINRA
  • Provide a range of trading opportunities within the US Marketplace
  • Very competitive fees and commissions
Weaknesses
  • The range of markets could be expanded to help attract a larger base of traders
  • Website layout feels too simple and a little outdated
30th

SogoTrade

Trader Rating
Strengths
  • Regulated by the SEC and FINRA
  • Multiple types of assets available for trading
  • Cryptocurrency trading available
  • Active trader program offers competitive commissions
Weaknesses
  • Product portfolio is somewhat limited