Best Discount Brokers of 2020

Looking for the best discount brokers? 

Well, you’re in luck. After countless hours of customer reviews and feature analysis, we pulled together an extensive review of the best discount brokers in 2020!

Creating a review of the best discount brokers isn’t something that you can just “wing”? We evaluated brokerage firms by the services and features that matter to investors. For instance, high volume traders are looking for low commissions and strong mobile trading platforms on the go.

On the other hand, investors just starting out need more support. They’re looking for strong educational resources, calculators, and tools to guide them to the right investing path.  

And all investors need a strong customer support team from their broker. Whether you lose your password or you’re having a technical difficulty, we know how important customer service is.

Breaking down online brokers wasn’t easy, but we did it, for you.

Which Broker is Right For You

These days, the top-rated firms offer trading, investing, saving, banking, and retirement planning.

Depending on your personal financial and investment goals, each online discount broker can serve a different purpose. 

From the cheapest stock brokers with the lowest trading fees to the firms with the most powerful platforms, it’s all here. Below are the top online discount brokers worth opening an account with today!

Review Discount Brokerage FirmOur ScoreDescription
Best value
E*TRADE Review 2020: What You Should Know

E*TRADE Review 2020: What You Should Know

User Rating: 3.29 (7 votes)
If you want a stellar trading platform to manage all your investment needs, E*TRADE is worth looking at. With their excellent customer service, low account minimums, and diverse mutual fund offerings, Etrade is an excellent discount broker for beginning investors!
Editor choice
2 Betterment Review 2020: The Modern Robo-Advisor Investor

Betterment Review 2020: The Modern Robo-Advisor Investor

User Rating: 3.58 (12 votes)
Betterment is one of the top robo-advisors in the industry, and a great option for new and seasoned investors alike.
Editor choice
3 Wealthfront Review 2020: Investing Made Simple

Wealthfront Review 2020: Investing Made Simple

User Rating: 4.11 (18 votes)
Wealthfront is one of the top robo-advisors in the industry, and a great option for new and seasoned investors alike.
Editor choice
4 Scottrade Review 2018 – Get Up to $2,000 Cash Back!

Scottrade Review 2018 – Get Up to $2,000 Cash Back!

User Rating: 4.27 (11 votes)
Best value
5 TD Ameritrade Review 2018 – Get Up to $600 Cash Back!

TD Ameritrade Review 2018 – Get Up to $600 Cash Back!

User Rating: 3.8 (5 votes)
If you want a powerful and versatile platform with access to solid investment research, TD Ameritrade is worth considering. Just beware that their fees and commissions are higher than the industry average and their advisors can be aggressive!
Best price
6 Ally Invest Review 2018 – Trade For Only $4.95!

Ally Invest Review 2018 – Trade For Only $4.95!

User Rating: 5 (1 votes)
Ally Invest is one of the cheapest online stock brokers in the industry and offers a robust platform and set of services.
Editor choice
7 Personal Capital Review 2018 – Manage Your Investments For Free!

Personal Capital Review 2018 – Manage Your Investments For Free!

User Rating: 3.98 (4 votes)
If you're looking for a way to simplify your investing, the free tool at Personal Capital is worth a look!
Editor choice
8 OptionsHouse Review 2018 – Trade Free for 60 Days!

OptionsHouse Review 2018 – Trade Free for 60 Days!

User Rating: 4.54 (8 votes)
Editor choice
9 Motif Investing Review 2018 – Get $150 Cash Back!

Motif Investing Review 2018 – Get $150 Cash Back!

User Rating: 4.56 (9 votes)
Editor choice
10 TradeStation Review 2018 – Trade Free for 90 Days!

TradeStation Review 2018 – Trade Free for 90 Days!

User Rating: 4.08 (7 votes)
Editor choice
11 Loyal3 Review 2018 – Buy Stocks For Free!

Loyal3 Review 2018 – Buy Stocks For Free!

User Rating: 4.88 (2 votes)
If you're looking for a no-cost option to start investing, Loyal3 offers free trades!