When you are ready to start investing your money, choosing the right brokerage account is the key to reaching your financial goals and building the right foundation.
A brokerage account is an investment account that will allow you to buy and sell various investments like stocks, bonds, mutual funds, index funds, or ETFs.
The challenge with choosing the right brokerage account is that many offer similar features, services, and price points for trades and accounts.
Here is a list of the best brokerage accounts.
Charles Schwab is one of the best online brokers out there. They offer a wide range of low-cost index funds and ETFs, and this year dropped their trade commission fee to better compete with some new fintech companies.
Vanguard is a personal favorite of mine and is also a pioneer in index fund investing. Vanguard is the original and arguably the best place to buy index funds. It was founded by John Bogle, the man who created index funds himself.
Fidelity has slightly fewer index fund options compared to Vanguard and Schwab, it seems, but that’s not always a huge deal. Especially if you are building a simple three-fund portfolio.
Webull was built as a mobile-first platform, and they offer commission-free trading of stocks, ETFs, and options. You can open individual brokerage accounts or an IRA, plus you can even trade cryptos.