The stock market is one of the best places you can invest your money. However, it can be tricky if you are new to it. You might end up losing huge sums if you are not careful. That’s why it is vital to have a licensed online broker to help you make the best out of your investment.

Luckily, the brokerage industry is quite huge. There are thousands of brokers. Due to this competition, the choices can be overwhelming. That’s why we decided to make this article and provide you with some of the best and cheapest online brokers in 2021. Without further ado, let’s get into it. At BestBrokerReviews.com, you can find all the information about the best online brokers. Visit and learn more.

Fidelity Investments

Fidelity Investments has a good reputation for being consumer-friendly and cheap. The company provides top-notch research in the stock market, and you don’t need to have a minimum balance to use an account. It offers $0 ETF trades, and it has a wide variety of mutual funds.

What’s more, they have a mobile app, so you don’t have to use your PC every time you want to trade. The mobile app is highly-rated, and it allows you to manage the account wherever you are. It is available on both Android and iOS.

Finally, you can purchase fractional shares of different companies by investing a certain amount of dollars. For example, if you want to buy 0.02 shares of Apple Inc., Fidelity Investments will allow you to do that.

Tastyworks

Like Fidelity, you will not need to pay any legal fees to trade with the company. ETF and stock commissions are also $0. For options trades, there is a maximum of ten dollars per leg. Therefore, persons who place huge orders save a lot.

The trading platform is entirely customizable, and it is designed in real-time, so you can always know the direction the stock market is heading. The charts are well analysed, increasing your chances of making profits.

The only problem is there is a learning curve. But once you understand the charts, your chances of making good money will increase drastically. Please note that you will need to use a different website to analyse the portfolio. Luckily, all the websites are mobile compatible.

eOption

eOption is one of the best low-cost brokers you can find in 2021. The stock and ETF trading cost is $0, and its per-contract fee is much lower than its competitors, making it a great option for serious investors who place large orders.

The clearing and exchange fee is a fraction of a penny per share. Typically, they are spelt out on your screen before confirming the trade. The platform is web-based and easy to use. You can also subscribe to their newsletter to receive trade alerts on your email. If you are a frequent trader, you will find great value with eOption.

Ally Invest

Ally Invest offers competitive pricing structures, and it is definitely one of the cheapest online brokers. The company offers a $0 per trade, and its mutual fund transaction cost is low. Furthermore, the more you invest, the more money you will save in terms of trading fees.

The company does not require you to have any minimum amount in your account, and it offers bonuses. Typically, it offers rewards ranging from 50 dollars to 3500 dollars, depending on the amount you invest. The minimum amount to qualify for the bonus is ten thousand dollars.

Ally Investment offers a $9.95 commission for persons who buy mutual funds through the platform. However, it has limited trading tools compared to some of its competitors. It would be best to bear in mind that they charge $2 for low-priced stocks. It can get quite expensive if you are buying large blocks of lower-priced stocks.

Interactive Brokers

If you are an advanced trader, Interactive Brokers is one of the finest options you could use. The platform offers swift trade execution, and they provide a stripped-down user interface.

For Lite Service, the commission cost is $0. For Pro Service, the minimum commission per trade is $1, but there are volume discounts in this service; $0.65 per contract.

What’s more, you don’t need to have a minimum amount to open an account. You can open one for as low as $1; the research provided is comparatively accurate, and if you follow it, you stand a huge chance of making good money. The only problem is the site is quite challenging to navigate. That’s why it is usually not a suitable option for newbies. Also, Interactive Brokers Pro members are charged inactivity fees.

TradeStation

TradeStation is an excellent pick, especially for active and consistent traders. The platform comes with high-quality tools and comprehensive research to help you make the best out of your investment. The account recently cut its trading costs to $0 and its minimum investment at $0.

However, the TS Select plan now requires a minimum investment of $2000. But the good thing about this plan is it gives you full access to the platform’s suite of tools, which are very helpful to traders.

What’s more, TradeStation allows Cryptocurrency trading. You can buy all the leading Crypto, including Bitcoin, Bitcoin Cash, and more. The trading commission is just 0.5% as of December 2020. The pricing structure is a bit confusing, but TradeStation is still one of the best low-cost online brokers.

The only problem is that the platform charges an inactivity fee if your account doesn’t maintain an end month equity balance of at least two thousand dollars. Your account must also complete at least five trades every 12 months. Failure to that, you will be charged an inactivity fee of $50.

Wrapping Up

You will need a stockbroker for the best experience in the stock market business. Online brokers are trustworthy, and they can help you make good money if you choose the right broker. Finding the best broker starts with knowing what you need and examining if the broker offers what you need.