At CompareBroker, we keep track of the number of people who choose to open an account with different brokerages. This information is very valuable for new traders as it can assist traders to discover the brokers of popular choice. This page is specially powerful for new traders who may have difficulty choosing a broker. However by looking at these statistics, new traders can make an informed decision.
CompareBroker.com algorithms are developed to take into account the entire history of brokerages since the inception of our research team in 2007. Popularity is based on browsing history of almost 400,000 traders as of December 31st, 2012.
CompareBroker's popularity matrix for online brokers is based on the number of times traders have shown interest in various brokerage houses. Please note that not all of these interests result into opening of brokerage accounts. However it is still a good evidence of common trader behavior.
Traders should also take into account that popularity alone does not guarantee that a broker will meet all your needs. So it is advised that the traders do thorough research about the brokers, pricing structure, quality of trading platform, customer service, and other factors and then make a final decision.
Our data shows that Optionshouse has been the most popular broker among the whole list. One of the driving factor behind Optionshouse's success has been its revolutionizing pricing scheme. With $3.95 as commissions, it surely attracts the traders like a magnet. Our research team was surprised by a survey done recently where traders reported that they were saving literally thousands of dollars by switching to OptionsHouse. That inspired the team to develop a savings calculator for traders which can show you much you can save by switching brokers. Try out the new tool by clicking Brokerage Commission Calculator. To see the review, please visit Editorial Review and Ratings of Optionshouse.
Next most popular broker at CompareBroker is TD Ameritrade. Their popularity is based on the value for the money they provide. With $9.99 as commissions, it has one of the highest commissions, but traders choose them for their quality trading platform, impressive market research, and supportive customer care. To see the review, please visit Editorial Review and Ratings of TD Ameritrade.