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Discount Broker Rating Reviews

While there is general agreement on the top discount broker ratings, the following discount brokers were identified by one or more of the reviewers. But not as a top choice by any.

Since the offerings are not consistent across all platforms, it will require some analysis on your part to see if they are adequate for your needs. Just because they do not meet the needs of a reviewer, doesn't mean they will not work for you.

Additional discount brokers

In alphabetical order:

• Firstrade: Site offers screeners and reasonable fees. Chinese language versions of the site are available. Reviewed by Barron's, Investor Junkie and Stock Broker.
• Merrill Edge (Bank of America): Have no personal experience with Merrill Edge, but acquaintances are very impressed with their Recognia tool. Reviewed by Barron's, The Street, Investor Junkie and Stock Broker.
• optionsXpress: As the name suggests, their strength is options. In April 2011, they announced a merger with Charles Schwab. I used this firm before the merger and was very satisfied. Reviewed by Barron's, The Street, Investor Junkie and Stock Broker.
• SoGoTrade: Low cost broker with free screener. We were able to create a version of the Tiny Titans screen and save it with the guest login. Chinese language versions of the site are available. Reviewed by Barron's, The Street and Stock Broker.
  
• TradeStation: One of the top rated firms for active traders, TradeStation has lots of tools to offer clients including screeners and back-testing. One review indicated that fundamental screening was available as well but we have not yet confirmed this. Reviewed by Barron's, The Street, Investor Junkie and Stock Broker.
• USAA: This is a comprehensive organization offering discount services to current and former members of the US Armed Services. The standard rates are competitive and can be lowered with some trading activity (25 trades per rolling 90 day period). Reviewed by The Street.

Discount Broker Ratings

We have located the following online sources for reviews and ratings of online brokers. Some of the firms reviewed were not listed since they were focused on active options trading or day trading.

Please note that there will be a lot of ads and commercials when you use the following links for the reviews and ratings.

Review and rating sources:

• Barron's - 2020 Best Online Broker Ranking
• InvestorJunkie - The Best Stock Brokers
  
• Reviews - Online Stock Trading Reviews
• Stock Brokers - 2016 Online Broker Review
• TheStreet - Compare Online Stock Brokers

If more quality reviewers are located, we will add to the list above.

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