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Best discount investment brokers of 2017

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Best discount investment brokers of 2017
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Don’t let the hard-earned money that you invest get eaten up with fees! Check out this list of the best discount investment brokers.

Read more: Clark’s investment guide

Top discount investment brokers for 2017

The Investor’s Business Daily 2017 Best Online Brokers list has just come out with new insights into the discount brokerages from the most important voices on the matter — those of the customers who use them!

More than 4,752 investors were surveyed and asked to rate their brokerage on 13 key metrics:

  • Low commission & fees
  • Trade reliability
  • Site performance
  • Equity trading tools
  • Customer service
  • Research tools
  • Investment research
  • Portfolio analysis & reports
  • Educational resources
  • ETF choices
  • Options trading platform
  • Investment & retirement planning tools
  • Mobile platforms/mobile trading opportunities

After the dust settled, here are the three brokerage houses that the readers of Investor’s Business Daily liked best:

Best Discount Investment Brokers

Best Discount Investment Brokers

Best Discount Investment Brokers

Typical trades are $7.95 at Fidelity, $8.95 at Charles Schwab and $9.99 at TD Ameritrade.

Who else is there to consider?

To augment this list, we turn to some of Clark’s favorites through the years in no particular order…

Muriel Siebert is somewhat invisible as a discount broker, but people seem to like using it. A typical trade is $14.95.

Best Discount Investment Brokers

And let’s not forget Vanguard Brokerage Services, where your first 25 trades are $7 each, while subsequent trades are $20.

Best Discount Investment Brokers

For another perspective on the best online discount brokers, check out this list from Kiplinger’s.

Best free brokers

Maybe the idea of paying anything for a trade it too rich for your blood.

If that sounds like you, did you know it’s now possible to pay ZERO commission or fees for stock trading?

Here’s how:

Best discount investment brokers

Robin Hood

Robin Hood is the latest to try zero-commission stock trading by offering free trades from your smartphone (both iPhone and Android).

How does Robin Hood make money? Three ways actually: On the money you have on deposit with them in your online brokerage account; if you borrow (leverage) to trade; and by moving orders through particular platforms.

How to file your taxes for free regardless of your income

Source: How to file your taxes for free regardless of your income by Clark on Rumble

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Theo Thimou About the author:
Theo is director of content for clark.com. He has co-written 2 books with Clark Howard, including the #1 New York Times bestseller Clark Howard's Living Large in Lean Times.
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