Most Popular Brokers Among Online Traders – Top Online Brokers 2013
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.
How a Popular broker is chosen?
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.
- Best Customer Service: "SmartMoney's Annual Broker Survey
- Broker Assisted Trade at no additional cost
- #1 online discount broker by SmartMoney Magazine
- Free real-time quotes
- Stocks Trading Fee: $4.95
- Options Trading Base Fee: $4.95
- Per Contract Options Fee: $0.65
- Minimum Balance: $0.00 More Info...
- Free Independent research from leading sources
- A saving account from etrade bank possible
- Access to foreign markets
- 31 retail locations in the US
- ACAT available
- Stocks Trading Fee: $9.99
- Options Trading Base Fee: $9.99
- Per Contract Options Fee: $0.75
- Minimum Balance: $500.00 More Info...
- Free virtual trading
- Refer to a friend and win $150 or 30 free trades
- Cheapest Stock Trading Commission
- No up charge for Broker-Assisted Trading
- Ranked 6 overall By Barron's 2013
- Orders are accepted by phone
- Stocks Trading Fee: $3.95
- Options Trading Base Fee: $8.50
- Per Contract Options Fee: $0.15
- Minimum Balance: $1000 More Info...
- 126 retail outlets across US
- Excellent in-house and 3rd party research
- Powerful, easy-to-use trading tools
- #1 Broker for Novices and Long Term Investing - Barron's 2013
- Stocks Trading Fee: $9.99
- Options Trading Base Fee: $9.99
- Per Contract Options Fee: $0.75
- Minimum Balance: $2500.00 More Info...
- Over 500 physical offices for customer service
- Easy transfer of an account from any other broker to Scottrade
- Great emphasis on in-Person online education
- Excellent Mobile Trading and Account Access
- Stocks Trading Fee: $7.00
- Options Trading Base Fee: $7.00
- Per Contract Options Fee: $1.25
- Minimum Balance: $500.00 More Info...
- Excellent trading platform
- Virtual Trading Available
- Top notch mobile trading apps
- Great education resources for all levels of traders
- Stocks Trading Fee: $8.95
- Options Trading Base Fee: $0.00
- Per Contract Options Fee: $1.50
- Minimum Balance: $0.00 More Info...
- #1 in customer service by SmartMoney (2010-2012)
- No minimum deposit required to open an account
- Free stock trading IRA – including Traditional, Roth and Rollover IRAs
- Superior trade execution with industry leading trading platform
- Great online Interactive Trading Community
- Stocks Trading Fee: $4.95
- Options Trading Base Fee: $4.95
- Per Contract Options Fee: $0.65
- Minimum Balance: $0.00 More Info...
- Demo practice account available
- High Leverage of 400:1
- Low minimum deposit required to start trading
- Low Spreads for the major currencies
- Social Networking to enhance the learning curve
Who is the Most Popular Broker?
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.
