If you want to get involved in any type of investment, especially in the stock market, then it is a good idea these days to go through an online brokerage company. Since they are not full service, their fees are usually lower than what the average broker charges. Discount firms offer recommendations on low-cost stocks and other affordable investment opportunities and don’t charge a fortune in transaction fees. Here are some of the best discount brokerage firms for you to investigate:

interactive corridors

This is a very solid option for more advanced frequent traders. New merchants may not like the inactivity fees and high balance requirements, so only consider this discount company if you already have a bit of experience. Fees are as low as $0.005 per share and clients can trade using more than 20 currencies in 120 markets in more than 30 countries. The marketplace is searchable and connects users with a variety of services, including hedge funds, advisors, trade builders, research analysts, and more.

Robin Hood

The way this discount brokerage company works is that clients do not have to pay any trading commission. Instead, you would have to pay a monthly fee in advance for the “Gold Service”. This gives you access to a large number of margin loans. To ensure you get the best possible price, orders are not routed. Both the mobile app and the website are very easy to use, even for beginners.

Speed ​​of light

This is one of the best discount brokerage firms for high volume traders who have some experience. It’s not uncommon for Lightspeed dealers to trade more than 1,000 times a year. It also allows its clients to trade through its internal and third-party trading platforms. However, the Lightspeed Trader platform costs $100 each month for the software fee. The commission expense is applied to this monthly fee.

TD Ameritrade

This is a versatile trading platform for everyone from beginners to active traders. It has higher than average commissions compared to the other best discount brokerage firms, but to make up for it, it provides superior research and tools to help increase your chances of success. The service team is also second to none. Trained and licensed representatives are available via email, chat, phone, and in person to provide assistance.

zack trade

If there is one company that truly deserves to be among the “Best Discount Brokerage Firms”, it is Zacks Trade. The firm offers competitive rates and innovative platforms. It allows members to find stocks and EFT transactions as low as $3 (1 cent per share). If you switch to this firm, you will even pay the transfer fee (up to $150) on full account transfers ($5000 minimum). You’ll also get versatile trading options and a feature-rich workstation to optimize efficiency and speed in trading.