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Frequent Contributor

Barron's Rankings of Online Brokers

Rank Broker Rating

1Interactive Brokers★★★★★
4TD Ameritrade★★★★
5Charles Schwab★★★★
7Merrill Edge★★★.5
8Ally Investment★★★
9Sogo Trade★★.5
10TradingBlockNA (just being released)



For International Traders: Interactive Brokers, Fidelity, Schwab

For Mobile Traders: E*Trade, Fidelity, TD Ameritrade

For Retired Investors: Interactive Brokers, Merrill Edge, Fidelity, Schwab

For Active Traders: Interactive Brokers, tastyworks, TD Ameritrade

For Investment-Oriented Traders: Fidelity, E*Trade, Schwab

Nonresponsive or declined to participate: Vanguard, JPM, Firstrade, Trade Station.

3 Replies
Frequent Contributor

Re: Barron's Rankings of Online Brokers

Surprise to see Fidelity rated higher than Schwab.  My guess is Fidelity has a better trading platform?

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Follower ○○

Re: Barron's Rankings of Online Brokers

Only online broker that's been easy to sign up for without wait times for "pending application approval" has been Webull. Here's an invite link if you care about opening a brokerage account there and getting a free stock. Trade Stocks, ETF and Options on Webull! Open an account and get a free stock. Deposit and get a second free stock.

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Participant ○○○

Re: Barron's Rankings of Online Brokers

We've never used Fidelity. We've used Banco Banex, Bank of Bermuda, Schwab International, and Interactive Brokers.

Schwab International is easier to use vs IB. But limits one to USA-domicled exchanges and a VERY limited amount of TERRIBLE Ireland domicled ACTIVELY managed MFs. 

Finding IB 6 years ago was MAGIC. It gave us access to PASSIVE Ireland domicled ETFs on the LSE from Vanguard and Ishares. Our interest income and dividend holding taxes went from >30% to around 10%.

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