When it comes to investing, choosing where to invest is often the first and most crucial choice you make (which is why we created this guide to finding the best online brokers from 2020!).
Choose correctly, and you’ll be in a great spot to pick from a wide variety of low-cost funds and make trades for free. Choose poorly, and your investment options will be limited, and your fees will be high.
Online brokers come in all shapes and sizes, but the three things I looked for in a broker in 2020 were:
- Low fees
- Wide variety of low-cost index funds and ETFs (for you non-stock traders out there)
- Ease of use
Below we’ll break down some of the best brokers out there and score them on the three criteria above. This way, you can make a smart personal finance decision and choose the best online broker for you.
First, here’s a quick primer on what makes an online broker (you experts can skip ahead).[Read more…] about Best Online Brokers 2020: Ranking The Top Choices