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Popular US Brokers

· 6 min read
Lorber
Lorber
Content research and curation
  • Interactive Broker, abbreviated as ib, one of the strongest brokerage firms there is, globalized varieties of investment and low financing rates are the 2 strongest points. But too powerful, not friendly to newcomers, and there is a minimum monthly expenditure of $ 10, so it is not recommended for newcomers. Experienced, frequent traders and those with large leverage needs are recommended. Trading software, the web side is too simple, the desktop side is too complex and take up high resources, the mobile side is good.

  • sogotrade, the ceo is Chinese, the main staff are Taiwanese, the interface is very suitable for Chinese novices, web-side options research tools are easy to get started, in addition to its customer service every time the phone attitude is superb, newcomers can take the customer teaching teacher. Technology, compared to other older brokerage firms are slightly weaker, the mobile side started relatively late.

  • First Securities, the founder is Chinese, Chinese service is good, also very suitable for national people, the biggest advantage is that options are also completely free, compared to sogotrade, you can also trade mutual funds, overall to be stronger than sogotrade a grade.

  • Carlson Financial, fidelity, Etrade, Merrill Lynch, TradeKing These are all bank-related, the interface is actually not suitable for frequent trading, only a dozen lots a year to trade is indifferent. If you have a relevant bank account and they are relatively convenient, funds in the bank account and brokerage account transfer is free, while other brokerage companies without bank accounts (and can not apply for a debit card), most of the withdrawal fees, 10-35 $ or so. Users in the U.S. must have at least one account with these banks, so it's good to use these brokers if you don't trade very often, to save time.

  • Trade Station, this brokerage company is from the trading software, may be more suitable for more professional traders.

  • Robin hood, the main 0 commission brokerage is still very young, and even had problems with paralysis, not recommended.

  • In addition to those few bank-related brokerage firms, ib, td and first securities these three U.S. brokerage firms can apply for debit card bound brokerage accounts, you can directly use this debit card to spend and withdraw money for free (there may be a limit on the number of times), but also convenient enough.

BrokersCNSecuritiesSoftwareAccount non-US
Interactive BrokerYESStock、futures、bond，foreign exchange、Mutual Fund of multiple countries，Hong Kong stocks can be traded.WEB+Desktop+MobileYES
TD AmeritradeYESStock、options、foreign exchange、Mutual Fund、futuresWEB+Desktop+MobileYES
Chales Schwab-Stock、options、futures、Mutual Fund、bondWEB+Desktop+MobileYES
First TradeYESStock、options、Mutual FundWEB+MobileYES
SogotradeYESStock、options、Mutual FundWEB+MobileYES
E-trade-Stock、options、Mutual Fund、futures、bond、foreign exchangeWEB+MobileNO
Merrill EdgeNONEStock、options、Mutual FundWEB+MobileNO
FidelityNONEStock、options、Mutual Fund、bondWEB+MobileNO
RobinhoodNONEStock、options、MobileNO
TradeKingNONEStock、options、Mutual Fund、bondWEB+MobileNO
TradeStationNONEStock、options、futures、bond、Mutual FundWEB+Desktop+MobileNO

Interactive Broker​

TD Ameritrade​

Chales Schwab​

First Trade​

Sogotrade​

Merrill Edge​

E-trade​

Fidelity​

Robinhood​

TradeKing​

TradeStation​