IkkoTrader Broker Review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Ikko Trader

A Review of Ikko Trader

IkkoTrader is a Worldwide brokerage service with offices in the United Kingdom, France, Luxembourg, Belgium and Switzerland. There are also offices in the UK and British Virgin Islands. It is also one a of the first brands to see the light online, and has been on the market from the very beginning.

Ikko Trader Online Platform

Bonuses and Promotions

IkkoTrader has excellent promotions for new and existing customers. For new customers, their promotions are based and risk-free trades and big bonuses in order to discover the world of binary options without taking too much risks and to gain experience. For existing customers, promotions vary depending on the VIP level of the trader.

IkkoTrader currently offers up to 100% Bonus Unlimited (on negotiation with Ikko’s account managers) or a minimum of 25% on any first deposit. They also have a deal for customers who wish to invest important amounts, if you become a “VIP Gold” you get 2000$ or trades risk free.

Account Information

Traders are required to open an account online (for free), and can trade binary options on more than 60 assets online, directly through the website without the need of downloading a software. Minimum deposit amount is 200$, trading amount is 5$, and traders can fund and withdraw from their accounts with all major credit/debit cards, wire transfers, Western Union and Moneybookers. When trader asks for a withdrawal, he is required to send documentation in order to prove his identity.

Traders can trade several binary option types on the web-based platforms, as well as the trading platform application available for the iPhone. The following varieties of binary options are available:

a) Standard Binary Options: Traders can only purchase this option type on weekends, and this is really the Up/Down option variety.

b) One Touch Options, where traders can trade the Touch/No Touch binary option varieties,

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

c) Option Builder: This feature allows traders to choose their own expiry times, control risk and the chances of profit of their trades and create customized trading strategies.

d) 60 seconds: This feature, also called “speed trading”, allows traders to invest on very short term trades. This feature is very interesting for the traders who look for fast results.

e) Open Platform: This new feature allows traders to trade with a bigger screen and more precise graph, and gives also the possibility to stop trades before their expiry (only on certain assets, i.e EUR/USD). When clicking on the stop-trade button, the system gives you a price offer on the options depending on how much you’re winning or losing.

Platform Features and Markets Offered

IkkoTrader offers a variety of assets for trading through its web-based trading platform as well as its iPhone trading platform application. Traders can trade the following assets:

Currencies: EUR/USD, USD/JPY, EUR/JPY, AUS/USD, GBP/USD, EUR/GBP, USD/TRY, USD/ZAR, USD/CAD, USD/CHF, USD/RUB.

Stocks: Louis Vuitton, Deutche Telecom, BNP Paribas, Tata Motors, Danone SA, Saab Miller, Tesco, Barclays, Gazprom, Vivendi SA, Total.

Commodities: Oil, silver, gold.

Stock Indices: Bombay SE, MICEX 10, FTSE100, Xetra Dax, TADWUL.

Customer Service

IkkoTrader provides a 24-hour, 7-day-a-week customer service in English, French, German, Russian, Italian and Spanish.

Is Ikko Trader a Scam?

Ikko Trader is one of the most popular and well-known binary options trading platforms that are available today. Located in Cyprus, Ikko Trader is one of the most reputed binary options broker when it comes to professionalism. Ikko Trader is a premier binary options broker with one of the highest payouts in the industry ranging from 80% on standard trades up to 500% on the weekly touch options. While Ikko Trader promises highly attractive payouts, they also warn investors of the risk evident in binary options trading and advise everyone to think carefully before opening any positions on the Ikko Trader platform.

Final Word

IkkoTrader has a vast array of assets to trade, binary options trading types, a 24/7 customer service and great bonuses. The platform is very intuitive and its very easy to trade and use the tools. The mobile App is also very easy to use, and gives you the possibility to follow your trades no matter where you are.

IkkoTrader Review

Since the advent of globalization, several new forms of business have been introduced in the market. One of the most exciting and profitable of them is the binary trading business. All a trader has to do is to invest money on the probable price movement of the underlying asset. If the prediction matches the actual movement, the trader can have a good return on his investment. One such trading platform is The IkkoTrader, which is an online trading platform and has become a favorite medium of making money in this trade. The platform is easy to use and can be an ideal choice for those who are new to the business.

IkkoTrader Basic Information

With a view to offer binary traders a unique trading experience, IkkoTrader was introduced in 2020. Since its inception the platform has been able to live up to the expectation of the people by catering to their requirements down to the last detail. It is headquartered in British Virgin Islands and serve clients from all over the world. Investors can trade in binary options in a hassle free manner and can also secure a good amount of profit within a very small time.

Asset Types

19 stocks, 13 currency pairs, 6 commodities and 21 indices are enlisted in the asset index offered by IkkoTrader. This extensive collection of assets helps traders to choose from the options the one that suits them the best. Different types of assets behave differently under different market conditions and so it is important for traders to be aware of the aspects of each of the asset before making a choice. More the number of assets, better the chance of the trader to succeed in the business.

Payout

Those who need a payout higher than the average market standard can also opt for IkkoTrader. Most of the other trading platforms at present offer a payout between 65 and 71 percent whereas IkkoTrader offers a payout of 68 to 75 percent on the trades that end in the money. Thus a person investing $100 can easily earn $168 to $175 if he is able to make the right prediction. In the case of the trade that ends out of money, the trader gets 5 to 10 percent of his investment in return. Such a high level of payout allows traders to ensure their desired profit quite easily.

Trading Methods

Trading methods offered by IkkoTrader includes the conventional binary options as well as the Options Builder, One Touch, Sixty Seconds and Open Platform. All these options provide a lucrative choice for traders who can easily garner some quick and hefty profits. However, different types of trades offer different levels of payouts and so traders have to be careful enough regarding their choice. Trading platform is 100% web-based, allowing the user to instantly trade from anywhere in the world without the need to either download or install any software. New trading solutions are also provided by it.

Customer Support Service

The customer support service offered by IkkoTrader is at par with the international standards. Traders can interact with the support executives in seven different languages that include Portuguese, Italian, Russian, German, Spanish, French and English. The service is provided from 8 am to 10 pm for six days a week from Sunday to Friday.

Awards

Overview

Broker IkkoTrader
Official Website URL www.ikkotrader.com
Founded 2004
Headquarters British Virgin Islands
Support Types Email, Online Chat, Phone
Supported Languages English, German, French, Italian, Portuguese, Russian, Spanish
Trading Platform Ikko Trader platform
Minimum 1st Deposit $200
Minimum Account Size $1
Minimum Trade Amount $5
Bonus Up to 100%
Payout 80%
Free Demo Account
Deposit Methods AlertPay, Credit Card, MoneyBookers, Wire Transfer
Trading Methods 60 Seconds, Binary Options, Options Builder, One Touch, Open Platform
Number of Assets 63
Option Types Commodities, Indices, Stocks
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score

This post is also available in: Serbian Turkish

IkkoTrader Reviews

Ask binary options traders about the best trading platform online and for sure, they will come up with one answer – IkkoTrader . It is known to be one of the most professional and objective trading environment in addition to the fact that it offers great highlights and advantages to its traders. These claims have already been proven by numerous traders and most are expressing their appreciation to this trading platform in IkkoTrader User Reviews.

By seeing through the perspective of other traders, you will be given a clear foreshadowing of the trading experience you will have at IkkoTrader. And since most of the IkkoTrader Reviews are affirmative insights of satisfied customers, you can make sure of this broker’s legitimacy and efficiency.

What its Clients Say about IkkoTrader:

One of the advantages IkkoTrader has is its outstanding trading platform. Though simple, you can assure of its functionality and professionalism just like this trader who states:

I like the platform, it is very simple to use and I have started using the option builder which for me is great as I’m trying to learn the trading markets so I want more control over my limit orders. I find the assets available very plentiful. ”

In addition, IkkoTrader also ensure that even though you are new in the domain of binary options, they will certainly guide you as you go along and get to know important aspects surrounding this industry. This has been verified by another IkkoTrader loyal client:

IkkoTrader is great! I was a new trader who didn’t know anything about Binary Options trading. At first I had some troubles, but with the help of the financial team at IKKO trader, they helped me gain the skills that I now use every day to make successful trades. Special thanks to my personal adviser.”

On the other hand, IkkoTrader User Reviews do not only focus on this broker’s incredible features, as it has also conveyed how IkkoTrader made its clients wishes of earning good profits more than possible.

As what its satisfied client affirms, Since some years, I tried to increase my monthly income […] I tested several platforms until I fall on Ikkotrader. Since the opening of my account, an adviser took the time to explain me what was the binary options, the risks and the odds to win and especially the working of the platform. I am on Ikkotrader for 1 year and 2 months, I am satisfied.”

Furthermore, another devoted customer of this trading platform has finally found a way to acquire a supplementary income by trading binary options:

Says Lauren, an IkkoTrader client, With a better client service, easy platform to use, Ikkotrader has a vast choice of assets to trade. I tried the DOUBLE UP; there are 3 weeks to see if my profits will double or not. And since my orientation was good, I have click on Double Up and there I saw my profits doubling. Thanks to Ikkotrader, I now have a supplementary income of about 500 euro per month.”

With all of these IkkoTrader User Reviews, you have just witnessed your possible experiences of satisfaction if you opt to trade with this broker. Hence, you must waste no time, not even a second, go to IkkoTrader now and start trading ! And surely, after you have earned the profits you have been dreaming of, you will be the next to express your gratitude in one of the IkkoTrader User Reviews as soon as possible.

IkkoTrader Scam

Binary options are quite simple and easy to learn. Perhaps the most difficult part in trading binary options is choosing the right broker. Numerous brokers offer very attractive returns and promise an intuitive trading platform like no other. Keep in mind that not all brokers are as transparent as you think, some of them are just too good to be true. Surely, Ikko Trader doesn’t belong to this mediocre class of binary options brokers. As a testament, several platforms are patterned after Ikko Trader. At this point, you will learn that the Ikko Trader scam issue is not true. In this review, we will put an emphasis on Ikko Trader’s great features, and get along with the top four reasons falsifying the alleged Ikko Trader scam issue.

  1. One of the pioneers and ongoing leaders in the industry, we exert our strenuous efforts to provide clients with the simplest, fastest and accessible financial tool to trade options. In fact, numerous trading sites have patterned their platform to Ikko Trader. We are proud to be one of SpotOption’s white labels, so traders can get an honest, reliable and objective platform. With these things in mind, you already know that the Ikko Trader scam issue is false.
  2. We’re working towards being regulated. One of the reasons why scam issues arise is because almost all brokers are not regulated. This is where Ikko Trader exempts itself as we are on our way of becoming regulated. Ikko Trader prides itself on its transparency and we believe that there’s no such thing as perfect trading system. However, it’s a must for every binary options broker to become regulated. Search the web and you will find tons of scam reviews since almost all brokers are not going through this tedious procedure. But Ikko Trader strives hard to comply with the stringent policies and aims to become a fully-regulated broker in the near future.
  3. Most Ikko Trader scam issues mention that Ikko Trader does not supply traders with all the relevant information. Ikko Trader showcases educational resources such as expiry rate rules, glossary of terms and even one-on-one trainings with our professional account managers. We offer comprehensive support and we are available 24/7, with live chat, live news feed, market analysis and tutorials. All the tools and resources that you need are right at your fingertips.
  4. Ikko Trader scam is false as seen in our remarkable payout ratio. With payouts of up to 75% for binary options and up to 500% on One Touch weekly options, it’s hard to find another broker who can offer such humongous payouts. Other brokers offer their “too promising” returns reaching up to 300% on a normal trading day. Enticing enough, chances are traders are going to try out this broker only to find out that it’s just a bogus. We want to make Ikko Trader trading as rewarding as possible, but not in a sense where profits are way too promising and that cannot be delivered. Your satisfaction is paramount, that’s why we look for better ways to enrich your trading experience with us. Crafting the most unique promotional offers in the industry, rest assured that you get your money’s worth.

Best Online Brokers 2020

The StockBrokers.com best online brokers 2020 review (10th annual) took five months to complete and produced over 30,000 words of research. Here’s how we tested.

Want to buy shares of stocks like Apple (AAPL), Facebook (FB), Disney (DIS), or Uber (UBER)? If so, you will need an online broker account.

Choosing an online stock broker is one of the most important decisions you will make as an investor. This guide aims to introduce online trading and break down the best online brokers available today.

As a previous full-time trader turned hobby enthusiast, since 2001, I have completed over 1,000 trades in my personal portfolio, finishing 2020 with a total 2,574 individual buys and sells.

While the markets are anything but certain, you can feel confident StockBrokers.com has your back in 2020 to help you choose the best broker.

Best Online Brokers 2020

  • TD Ameritrade – Best for overall and beginners
  • Fidelity – Best research experience
  • Charles Schwab – Best for IRA accounts
  • E*TRADE – Best web platform
  • Interactive Brokers – Best for professionals
  • Merrill Edge – Best rewards program
  • TradeStation – Best platform technology

1. TD Ameritrade

Overall | Open Account

Exclusive Offer: Get up to $600 and trade commission-free with TD Ameritrade.

TD Ameritrade delivers the ultimate package for investors, including $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners, and reliable customer service. This outstanding all-round experience makes TD Ameritrade our top overall broker in 2020.

Why Choose TD Ameritrade:

  • Excellent trading platform thinkorswim. After spending hundreds of hours testing desktop platforms, I give thinkorswim my top recommendation, thanks to its modern feel and outstanding trader tools. That includes the mobile app, which is my favorite for active traders.
  • Great for beginner investors. TD Ameritrade has the largest selection of educational materials in the industry by far, with over 200 instructional videos covering every investment topic imaginable. Furthermore, the whole learning center is gamified, tracking your progress as you go with quizzes bringing concepts together at the end of each course.
  • Robust research. TD Ameritrade provides customers access to its own TV Network and trader magazine. Depth is across the board, as TD Ameritrade also uses proprietary data to analyze millions of tweets to power its Social Signals tool.
  • Industry-leading technology. TD Ameritrade is the only broker to offer customers the ability to access their accounts from Twitter, Apple Chat, Facebook, and Alexa. Technology and innovation are core parts of TD Ameritrade’s DNA.
Feature TD Ameritrade
Review Read full review
Minimum Deposit $0
Stock Trades $0 per trade
Option Trades $0 + $0.65 per contract
Commission-Free ETFs all
Trading Platform thinkorswim

2. Fidelity

Overall | Open Account

Trade Commission-Free: No commissions to trade online U.S. stocks, ETFs, and options. 1

Fidelity is a value-driven online broker offering $0 stock trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 30 million customers, Fidelity is a winner for everyday investors.

Why Choose Fidelity:

  • Terrific for investment research. Research at Fidelity stands out for its 16 equity research reports, excellent in-house market analysis, and quotes experience that is meticulously crafted for maximum usability.
  • Great for new investors. Behind TD Ameritrade, Fidelity is my second broker recommendation for beginner stock traders. Fidelity offers investors the perfect blend of ease of use, excellent research tools, as well as a great education center.
  • Excellent mobile app for everyday investors. The Fidelity mobile app is a winner for investors because it is easy to use, packed full of market research, and includes a wide variety of trading tools.
Feature Fidelity
Review Read full review
Minimum Deposit $0
Stock Trades $0 per trade
Option Trades $0.65 per contract
Commission-Free ETFs all
Trading Platform Active Trader Pro

3. Charles Schwab

Overall | Open Account

Current Offer: $0 online stock, ETF, and options commissions at Schwab.

Founded in 1973, Charles Schwab is a full-service brokerage with over $3 trillion in total client assets. As a low-cost leader offering $0 stock trades, Charles Schwab provides investors excellent stock research, quality trade tools, and professional planning for the future.

Why Choose Charles Schwab:

  • Excellent market research. Schwab boasts a full lineup of 26 in-house experts who provide numerous articles, known as Schwab Insights, on a variety of market topics throughout each week.
  • Leader in retirement services. Charles Schwab shines with its Schwab Intelligent Portfolios (robo-advisor) and Schwab Intelligent Portfolios Premium (human advisor) services.
Feature Charles Schwab
Review Read full review
Minimum Deposit $0
Stock Trades $0 per trade
Option Trades $0.65 per contract
Commission-Free ETFs all
Trading Platform StreetSmart Edge

4. E*TRADE

Overall | Open Account

Promo Offer: Get $100 when you deposit just $5,000 into a new E*TRADE account!

Founded in 1982 as one of the first online brokerages in the United States, E*TRADE understands what investors need to succeed in the market. E*TRADE highlights include $0 trades, two excellent mobile apps, and the Power E*TRADE platform, which is great for options trading.

Why Choose E*TRADE:

  • Excellent web platform that is a winner for options trading. Our favorite web-platform again this year, Power E*TRADE, combines the best of both worlds: ease of use with fantastic trading tools. While just decent for stock trading, Power E*TRADE is terrific for options trading.
  • Full-featured mobile apps. Among all the online brokers we track on StockBrokers.com, E*TRADE offers the most mobile app features in a well-designed, easy to use experience.
Feature E*TRADE
Review Read full review
Minimum Deposit $0
Stock Trades $0 per trade
Option Trades $0.65 per contract
Commission-Free ETFs all
Trading Platform Power E*TRADE

5. Interactive Brokers

Overall | Open Account

Exclusive Offer: New clients that open an account today receive a special margin rate.

While Interactive Brokers is not well known for its casual investor offering, it leads the industry with low-cost trading for professionals. Through the Trader Workstation (TWS) platform, Interactive Brokers offers excellent tools and an extensive selection of tradeable securities.

Why Choose Interactive Brokers:

  • Excellent for professional traders. Interactive Brokers offers customers an arsenal of 63 different order types, the most in the industry by a landslide. Margin rates are also the lowest in the industry, across the board.
  • Great for day trading. Interactive Brokers does not accept payment for order flow (IBKR Pro only). This makes it’s already low pricing even better because there are no hidden execution costs.
  • Global access. The most diverse offering by a landslide, Interactive Brokers offers trading in 26 countries and over 125 market centers.
Feature Interactive Brokers
Review Read full review
Minimum Deposit $0
Stock Trades $.005 per share (IBKR Pro) // $0 (IBKR Lite)
Option Trades $0.65 per contract (IBKR Pro) // $0 (IBKR Lite)
Commission-Free ETFs 48 (IBKR Pro) // all (IBKR Lite)
Trading Platform Trader Workstation (TWS)

6. Merrill Edge

Overall | Open Account

Current Offer: Invest in a new account and get up to $600.

Backed by parent company Bank of America, Merrill Edge delivers $0 stock and ETF trades with fantastic research and customer service. Better yet, for current banking customers, Merrill Edge’s Preferred Rewards program offers the best rewards benefits across the industry.

Why Choose Merrill Edge:

  • Preferred Rewards. To open an account with Merrill Edge, you do not have to be a Bank of America customer. That said, it is far easier to reach the minimum combined account balance to earn all sorts of perks under the Preferred Rewards program. Here’s a list.
  • Excellent ESG (environmental, social, and governance) research. Merrill Edge offers Stock Story, Fund Story, and Portfolio Story, which makes conducting market research both educational and insightful. Full ESG Reports are also included.
  • Great customer service. In our national testing, Merrill Edge consistently delivered agent connection times under one minute.
Feature Merrill Edge
Review Read full review
Minimum Deposit $0
Stock Trades $0 per trade
Option Trades $0.65 per contract
Commission-Free ETFs all
Trading Platform Merrill Edge MarketPro

7. TradeStation

Overall | Open Account

Promo Offer: Commission-Free Trades on Stocks, ETFs & Options Trades.

As a trading technology leader, TradeStation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades.

Why Choose TradeStation:

  • Excellent trading platform. TradeStation 10 is a desktop-based, downloadable trading platform for online trading that is robust and full of trading tools. In our testing, TradeStation 10 is rivaled only by TD Ameritrade’s thinkorswim platform.
  • Great mobile app for stocks and options trading. From monitoring multiple watch lists and setting price alerts, to analyzing stock charts and placing trades, TradeStation Mobile provides a fantastic all-around experience for traders.
Feature TradeStation
Review Read full review
Minimum Deposit $0
Stock Trades $0 per trade
Option Trades $0.50 per contract
Commission-Free ETFs all
Trading Platform TradeStation 10

More Online Brokers

Outside of our top seven online brokers for 2020, there are eight other brokerages we reviewed: Ally Invest, Firstrade, Chase You Invest Trade, SogoTrade, Robinhood, ChoiceTrade, Lightspeed, and Cobra Trading. Here’s our high-level takeaways for each broker. To dive deeper, read our full review.

8. Ally Invest, “Backed by Ally Financial, Ally Invest is a low-cost broker providing $0 stock and ETF trades. Ally’s complete universal-account management experience and easy to use website makes the brokerage great for current Ally Bank customers and everyday investors alike.” Read full review

9. Firstrade, “Firstrade offers $0 stock, ETF, and options trades, and is best known for its easy-to-use website, alongside its Chinese language services. While Firstrade offers Morningstar research and a variety of tools, its overall offering struggles to stand out against household name brands who are also priced at $0.” Read full review

10. Chase You Invest Trade, “Chase You Invest Trade provides current Chase Bank customers a convenient way to invest in the stock market. While Chase doesn’t provide all the bells and whistles like some of its non-bank competitors, our testing found the site to be easy to use and reliable overall.” Read full review

11. SogoTrade, “SogoTrade is an online discount brokerage that charges $4.88 base commissions and supports Chinese-speaking customers. Unfortunately, in a world where $0 trades are the baseline, despite offering five trading platforms for stocks and options, SogoTrade struggles to stand out.” Read full review

12. Robinhood, “Robinhood used to shine thanks to its easy-to-use mobile app and $0 trades. However, today, all of the largest online brokers offer free stock and ETF trades. As a result, it is much more difficult for Robinhood to outduel the competition.” Read full review

13. ChoiceTrade, “While ChoiceTrade advertises free stock trades, unfortunately, monthly costs add up, and, overall, ChoiceTrade provides customers an online investing experience not worth the hassle.” Read full review

14. Lightspeed, “Lightspeed is a direct-access online brokerage that focuses on serving active and professional traders through its in-house and third-party trading platforms. Casual traders beware, not trading enough means paying high monthly platform fees.” Read full review

15. Cobra Trading, “Cobra Trading was founded in 2003 by Chadd Hessing as a direct-access, low-cost online brokerage for professional stock traders. While Cobra Trading offers multiple trading platforms and personalized service, trading costs are more expensive than leader Interactive Brokers.” Read full review

2020 Category Winners

For the StockBrokers.com 2020 Online Broker Review, all online broker participants were assessed on 236 different variables across eight Core categories. 3,540 data points were collected in total. Here are the 2020 Core category winners. Here’s how we tested.

Alongside Core categories, StockBrokers.com ranks brokers by the most popular Investor categories. Here are the 2020 Investor category winners.

Finally, each year StockBrokers.com honors the brokerages who go above and beyond in the areas that matter most to investors. Here are the 2020 industry award winners.

2020 Overall Ranking

Here’s the Overall rankings for the 15 online brokers who participated in our 2020 Broker Review, sorted by Overall ranking.

Note: Robinhood does not offer phone support for customers. As a result, Robinhood shows “Not Rated” for Customer Service. To calculate an Overall rating, the points allocated to Customer Service were proportionally allocated to the remaining categories.

How do I choose an online brokerage?

When selecting a new online broker, the first step is to read reviews and see what features matter most to you. Are low-cost trade commissions most important? What about customer service, the trading platform, mobile app, investment research, ease of use, or education? With many brokers specializing in different areas, it is crucial to evaluate all categories by reading full-length broker reviews.

How do I assess trading costs?

When trading stocks online, it is essential to understand what the costs are to buy and sell shares. Fortunately, today in 2020, most online brokers charge $0 to trade shares of stocks. That said, if day trading, additional costs come into play, including routing fees, market data fees, and platform fees.

What trading tools do online brokers offer?

To trade stocks online successfully, some stock traders rely purely on their trading tools. Trading platforms come in one of three forms: desktop, web (browser), or mobile. Advanced charting, scanning, hotkeys, virtual trading, watch lists, ladder trading, Level II quotes, and backtesting are just a sampling of the features some brokers offer. To compare trading platform features, use the online brokerage comparison tool.

Do online brokers offer more than just stocks and options trading?

Are you only trading stocks online, or are you interested in ETFs, mutual funds, options, futures, and forex too? In the United States, different regulations are required for brokers who support more complex asset classes. For example, stocks, ETFs, and options are the most commonly offered, while forex trading is the least commonly offered.

Does every online broker provide a mobile app?

While every online broker offers a mobile app, quality varies widely. Managing a stock brokerage account on the go is certainly important for investors who travel and frequently use their smartphones. To find the best app for stock trading, we scored broker apps on 42 individual features.

Should I care about customer service?

It depends. 24/7 support is essential to some investors, while others may be completely fine using online chat during regular market hours or receiving an email back within one business day. That said, most investors neglect to think about a market crisis like a flash crash. In our experience, it certainly doesn’t hurt to have reliable customer service available for whenever the need may arise.

How important is stock research?

There are two types of stock research: fundamental and technical. Fundamental research explores company metrics such as earnings growth, earnings per share (EPS), debt, sales growth, and market capitalization. Meanwhile, technical analysis is all about learning how to read a stock chart and use historical price performance to help you predict future price direction. The best online brokerages offer tools to cover both types thoroughly, and we checked for 54 individual features during our 2020 Review. To compare research features, use the online brokerage comparison tool.

How can I verify if my online broker is regulated?

Online stock brokers operating in the United States and governed by US law are regulated by the SEC and must be members of FINRA and SIPC. To verify whether your online brokerage is regulated, scroll to the footer of their homepage, then read their disclosures. Using the FINRA broker check tool is another easy way to verify compliance.

Do online brokerages also offer banking services?

Many online brokerages do not limit their customers to just online stock trading. Full-service brokerages offer banking services including checking accounts, savings accounts, credit cards, mortgages, and more with deposits of up to $250,000 backed by the FDIC. Bank of America (Merrill Edge) and Chase (Chase You Invest Trade) are two examples of banks that also offer online trading.

Should I worry about security?

Fortunately, at least in the United States, investors do not have too much to worry about when it comes to account security. This is especially true when choosing a brokerage that is large, well known, and properly regulated. Every website should be secured with SSL encryption, and client data should be stored in secure servers. Dual-factor authentication and Face ID are other security protocols quickly growing in popularity.

With $0 trades, how important is order execution?

It is important to understand how your orders are routed and executed. There is a wide variation between quality and poor order execution. Unfortunately, most online stock traders can’t tell the difference. To help investors out, we tested brokers and wrote a complete guide to understanding order execution.

Can I trade internationally with my online broker?

While most online brokers do not offer international trading, some do. Nearly every broker supports trading American depositary receipts (ADRs), which offers US investors an easy, simple way to invest in foreign companies. However, if you want to buy physical shares of an international company, then you need to do your research. Interactive Brokers is the leader in this space but is built for professionals. For casual investing, both Fidelity and Charles Schwab offer international stock trading.

Explore our other online trading guides:

Methodology

For the StockBrokers.com tenth annual best online brokers review published in January 2020, a total of 3,540 data points were collected over six months and used to score brokers. This makes StockBrokers.com home to the largest independent database on the web covering the online broker industry.

Participation is required to be included. Each broker completed an in-depth data profile and provided executive time (live in person or over the web) for an annual update meeting. Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.

More from the editor

Alongside the StockBrokers.com annual review, our fourth annual international forex brokers review, which includes 30 forex brokers, was also published on our sister site, ForexBrokers.com. Finally, be sure to check the latest financial advisor ratings, which you can view on investor.com.

Still aren’t sure which online broker to choose? Email us a question! Whether you are a beginner investor learning the ropes or a professional trader, we are here to help. Email us your online broker specific question and we will respond within one business day.

About the author: Blain Reinkensmeyer As Head of Research at StockBrokers.com, Blain Reinkensmeyer has 18 years of trading experience with over 1,000 trades placed during that time. Referenced as a leading expert on the US online brokerage industry, Blain has been quoted in the Wall Street Journal, The New York Times, Forbes, and the Chicago Tribune, among others.

All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products. View terms.

1 $0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract), which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody Solutions® are subject to different commission schedules.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

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Disclaimer: It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

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