4 popular brokerage firms to open your first brokerage account with
Managing one’s finance is a tricky thing, and one needs to be quite cautious while buying and selling stocks. If you haven’t opened an online brokerage account with a trusted firm, the chances are high that you are risking all your savings. To prevent such catastrophic events from taking place, it is advisable to open an online brokerage account with a trusted firm. Before you decide to open an online brokerage account, there are certain factors like the authenticity of the brokerage firm, the type of account you wish to open, the incentives and costs, and the services offered by these brokerage firms are what one needs to consider before they open an online brokerage account.
If you wish to avoid these hassles and open an online brokerage account without apprehension, here’s a list of some reliable online brokerage firms where you can open an account.
- TD Ameritrade– One needs to open an online brokerage account with firms that they can trust, and which can properly guide them through the complicated process of understanding how stocks work. Also, when a novice enters this realm, he needs the right guidance about investing and selling shares. TD Ameritrade has been rated one of the best brokerage firms since it has an amazing customer service, educational material, and you can even meet an advisor at their local branches.
- Charles Schwab- Charles Schwab is one of those brokerage firms which are quite conducive to the needs of a new investor. When you open an online brokerage account at Charles Schwab, you are entitled to quite a few benefits that come along with. Since it is one of the reputable firms that is known to guide their members in making the right investment choices, people seem to benefit from joining this brokerage firm.
- Ally Invest- When you open an online brokerage account with this brokerage firm, you wouldn’t have to pay the minimum which almost every other brokerage firm charges. If you wish to open an IRA account, Ally Invest is the best available option for this. Also, unlike other firms that fine you when your account remains inactive, Ally Invest doesn’t charge its customers any kind of inactivity fees.
- Merrill Edge– Merrill Edge is one of those brokerage firms that are quite customer-friendly. In case the novices have queries, or they aren’t sure about which shares to invest in, they can always seek advice from the customer service representatives. Also, when you open an online brokerage account with Merrill Edge, you won’t have to pay any minimum charges.
In case you are wondering which firm should you open your online brokerage account with, these are some options worth considering.