The world has changed. Technology has changed. And the market has changed. There are many investment possibilities for individuals that are a great way to invest your money without the need for a stockbroker.
Investing seems something that only experts can get into. It usually presented as something so complicated and volatile that if you do not know every little detail of it, you are most likely to lose your money. This is simply not true. Of course you need to have information before you get started, but over the years it has become more and more popular for individuals to invest in the stock market.
Here is a list of the best Discount Brokerage options for you to check out:
1- Charles Schwab
Often considered pioneers in the discount brokerage market, Charles Schwab has over 11 million active client accounts. It offers a myriad of investment options, so there is probably that suits every investor.
Ameritrade acquired the TD Waterhouse brokerage in 2006 and has been, since then, one of the most popular online brokers. It offers over 300 hundred ETFs with no commission. The offer a web and mobile platforms for easy trading.
Champions of low-cost trading, you can trade Vanguard own mutual funds or ETFs with no commission. You can also have a traditional or Roth IRA Account, taxable brokerage account and annuities. Vanguard is also a popular 401(k) plan administrator.
Fidelity is not only an online broker, but they also offer their own investment products. They offer iShares ETF products without commission and four index funds with no fees.
Known for disrupting the traditional trade system, E-Trade allows the user to access their Core Portfolio for a minimum investment of $5,000 and annual fee of 0.30%.
These are five popular discount brokerage options, but there are many others available for investors. Many of them offer low or no fees at all, making it really easy to invest your money in a variety of ways. This way of investing has become some popular that even some banks are offering a similar service.