6. What are discount brokers?

Best Discount Brokers for 2022

The best discount broker is the one that works for you and meets your needs. However, there are a few brokers that can help you begin investing and that don’t cost a lot of money. Carefully think about what is likely to work best for you, and choose a discount broker that fits your individual situation. Here are some of the best discount brokers to consider:


E*TRADE is a full-service broker that also offers free trading for stocks and ETFs. The platform and tools can be ideal for almost any investing style. They have a comprehensive investing platform that is very user-friendly. Their mobile app is also among the best and offers the same trading services like their website.

TD Ameritrade

One of the biggest trading platforms, TD Ameritrade has a $0 commission on stocks, options, and ETFs. They offer a range of investment tools and resources, such as tax-loss harvesting. And with their Thinkorswim platform, you can get access to powerful trading tools. And with access to both web and mobile, you can make trades wherever you are.


This broker is a solid choice for free stock trades and an easy interface. You can even trade cryptocurrencies, which not all brokers offer. And you can trade options for free as well. It’s very mobile-focused and is great for people who like to trade on their phones. There is also no minimum deposit or balance required.

Ally Invest

For new investors who want an easy-to-navigate website and helpful information, consider Ally Invest. This broker is great for new investors, as it charges no commissions on most trades. You can invest in stocks, bonds, ETFs, options, and mutual funds. You also get access to in-depth research and tools to help you trade.


Fidelity is one of the most recognized names among retail investors. They are mostly known for their wide-range of mutual funds. You can get access to $0 trades on stocks and ETFs. Additionally, you have the ability to access full-service help. And they even have a robo-advice option.

Charles Schwab

Another well-known name in the financial sector, Charles Schwab offers free trades for stocks and ETFs. It also has a robo advisor product called Intelligent Portfolios. You can get access to a variety of tools, including the advanced Thinkorswim platform acquired as part of the merger with TD Ameritrade.

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