Best Online Brokers

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Each year, Kiplinger ranks investment platforms, so that we can all know the best place to put our money.  Here is their most recent list:

  • Fidelity – Best for mutual fund & ETF investors
  • Merrill Edge – Best for active stock traders
  • Charles Schwab – Best for ETF investors
  • E*Trade – Best for investors on the go
  • TD Ameritrade
  • Scottrade
  • Vanguard

No need to study the whole thing.  But I advise you scan through the reasons each firm achieved their rank, so that you can get a sense of what is important when considering an investment partner.

I recommend using Fidelity because it scores highly in all categories and most importantly, it has low costs.  Additionally, their nation-wide offices allow you to easily schedule a visit should you ever need in-person advice.