In the Online Brokers section of the site you will find objective reviews on a wide variety of online brokers and trading platforms, across many financial types. The site reivews will look at Stock Brokers, CFD Brokers, Forex Brokers, Cryptocurrency Brokers and even Robo Advisors.
Our research is based on our own objective, in-depth exploration into each of the brokers and also feedback from my users and trading community. The goal of these reviews is to give you a clear picture of those brokers that come recommended and those that do not. InvestorGreg.net aims to break the seal of silence so that anyone that intends to trade using a broker, can have all the information on that broker before he deposits his hard-earned capital. The reviews will explore customer service, product quality and geeral offerning, plus trading conditions and broker reliability.
SEC, FINRA, FCA (UK)
Although famous for its mutual funds offering, Fidelity is full service broker that was established in 1946. The broker currently services more that 19 million brokering accounts and has more than $2.5 trillion dollars under asset management. Apart from brokering services and asset management, Fidelity also provide other financial services such as mutual funds management, investment advice, wealth management, retirement planning and life insurance.
On the brokerage side of the business, Fidelity offers investors competitive commissions for online traders which they can take advantage off. The broker merely charges a small of $4.95 for most trades. Clients at Fidelity brokerage division also have access to a wide range of trading tools for research and charting. The Active Trader Pro software provided by Fidelity is one of the most sophisticated trading software in the online trading industry.
Types of Trading
Charles Schwab is one of the biggest brokers in the industry today. They cater for investors of all experience levels. They have been in the industry since 1973 and they now have more than $3.18 trillion in client assets.
In addition to offering the trading of securities, futures and options, they also have FDIC backed banking services and retirement account options. They play host to over 10.5 million brokerage accounts. They try to lead the way in the industry in terms of the latest trends.
In 2017 they underwent a major overhaul of their commissions and fees. This saw Charles Schwab become a lot more competitive in terms of costs with the rest of the industry.
This Charles Schwab broker review will look at the various aspects which makes it one of the market leaders.
Types of Trading
E*Trade started in 1982 and they conducted their first online trade the following year. They went public in August 1996, with their headquarters being in New York City. They currently have more than 4,100 employees and they have 30 retail branches around the United States.
They are one of the leading financial services companies in the space and were one of the pioneers of online brokering. They have long been involved with digital innovation, constantly being on the lookout for the next advancements they can make to take their offering to the next level.
They currently have more than 3.6 million customers globally, providing them with two proprietary platforms to choose from when trading which are looked at in this E*Trade broker review.
Types of Trading
Various local Jurisdictions
Founded in 1975 by Jack Bogle, the Vanguard brand is well known among the financial investing community for low cost investments, especially for ETFs and index funds. Vanguard’s cost of investing is much lower than what one would normally find in the funds investing industry. The broker’s average ratio for transactional expenses is just 0.11% as compared to the typical industry funds’ ratio of 0.62%. In the world of financial investing especially when you are investing for the long term, cost is everything. Trading costs can easily eat into your gains. For example if you invest $200,000 and make just a 5% gain annually, a difference of 0.5% will translate into an additional $1000 gain per year.
Previously, Vanguard financial investment products were only available through an intermediary like a investment broker or a funds management company. However recently, Vanguard introduced its Vanguard Investor platform which allow investors to invest directly in its range of products without having to go through an investment broker or an investment fund platform. Today, Vanguard is a global brand that has more than 20 million clients all over the world. An asset management company, Vanguard is owned investors rather than by shareholders of the company. In short, this meant that Vanguard is supposedly to operate more towards the interests of investors as opposed to the shareholders.
Types of Trading
Ally Invest serves the needs of their customers in many different ways. They offer everything from banking to home loans, auto finance, corporate finance and of course investing.
They have more than 250,000 active customer accounts, as well as over $4.7 billion worth of assets. They were formerly known as TradeKing, which was an independent broker online for more than a decade. In April 2016, Ally Financial purchased TradeKing for $275 million.
All Ally customers have the same log in, no matter what department they are looking to use. This makes it very easier for customers of Ally Bank to manage their investments. The Ally Invest trading performance is very similar to what TradeKing users experienced. There is a combination of competitive pricing and handy tools for different skill levels.
Combining their range of products and competitive pricing with great customer support, it is easy to see why All Invest is one of the industry leaders.