Selecting the online broker is the first step towards your investing journey, which helps you build wealth later on. But, the task of selecting the best stock broker can be a tough task, especially for beginners with dozens of choices.

To help you get started, we have come here with a list of the best online stock brokers for beginners. Each of these brokers is easier to navigate, offers remarkable customer services, has strong educational features, and can meet your needs. So, let’s explore each of these brokers here in detail!

5 Best Online Stock Brokers For Beginners

Here are the 5 best online stock brokers for beginners:

TD Ameritrade

TD Ameritrade started working in 1975 and has become a full-service broker with a discounted package. It is one the best investment sites for beginners as the platform offers remarkable features and extensive educational resources in various formats for newbies. Also, it has a very user-friendly website and mobile app design. The platform helps beginners develop their investment expertise and find TD Ameritrade beneficial. Plus, the customer services of TD Ameritrade are accessible through various channels, which give peace of mind to the investors.

The demo accounts are also available, which help the investors when they are investing in the market. The broker offers $0 ETF and stock trades, $2.25/contract futures trades, and $0.65/contract options trades. Besides that, the platform hosts hundreds of webinars, in-person events, and virtual workshops annually, covering everything from stock investing basics to advanced options strategies. TD Ameritrade does not offer shares, and some accounts charge higher than the average cost.

E*TRADE

It is a very appealing choice for beginners who want to start their investing adventure. E*TRADE was the first broker in the United States to offer online trading for retail investors. Now, it has become the part of Morgan Stanley. It offers almost everything that an investor can expect from a full-service brokerage. The platform's investment choices include bonds, futures, options, and funds. Besides that, the platform also provides you with solid educational content and amazing financial planning-focused tools.

The ETF trades and regular stock are 0$, while the option trades cost you $0.65/contract at E*TRADE. The no-fee mutual fund trading makes E*TRADE a favorite choice of many. The mobile phone app of E*TRADE shines among its competitors. The application focuses on quotes, portfolio management, watch lists, and market research. The beginners can use the E*TRADE Web platform, while the active users will find the robust Power E*TRADE platform an ideal option for advanced trading. Fractional shares, forex trading, and international trading are not available at E*TRADE.

Fidelity

It is a leading and best stock broker for beginners, providing fixed-income bonds, funds, options, ETFs, and futures. The investor can trade DIY and open a managed investment account with Fidelity. The platform is also popular for its research tools, including market insights and news. Fidelity offers two beginner-friendly mobile applications, high-quality, independent research, and an investor education library. Besides that, it also offers a youth account.

The platform offers $0.65 per options trade, $0 Fidelity mutual fund trade, and $0 ETF and stock trades. Both buy-and-hold investors and beginners like this Fidelity as they can find all the required tools within the web platform. Fidelity's Active Trader Pro platform is ideal for advanced and frequent traders. The platform provides a customizable layout and more bells and whistles. Furthermore, it is also the best platform if you want to invest in for retirement.

Robinhood

Robinhood provides easier access to trading and a convenient way for beginners who want to enter the market. The broker provides a well-optimized application and prepares the investors to be successful. Also, it appeals to beginners as Robinhood helps them keep the price as low as possible. With Robinhood, you can enjoy commission-free trading on ETFs, stocks, and options. Besides that, the investors can also purchase the fractional shares. So, even if you don't have enough money, you can start investing with Robinhood.

The best thing is that the easy-to-use application enables you to trade from anywhere or maintain your portfolio. The broker has worked hard to improve its customer service and offers phone and chat support 24/7. Therefore, if you have any questions, you can quickly get them answered. Robinhood also shares podcasts and newsletters daily, which are helpful for beginners. The investors can also benefit from the Morningstar Research Reports, available with a Robinhood Gold subscription for $5.

Charles Schwab

It is one of the largest brokers in the world and the best platform for those who want full-service and feature-packed brokerage. Along with a high-rate mobile application, Charles Schwab provides stock research access, the best educational resources, and a wide range of investing and trading tools. The educational resources can help investors learn the fundamentals of investing. So, saying that Charles Schwab helps beginners from novice to expert investors will not be wrong. The broker also provides the Morningstar report, stock reports, and news from Reuters. Besides that, the ETF screener helps in searching for the winning fund.

The cost per ETF or stock is $0, and there is no minimum balance requirement for opening the account. Charles Schwab offers a full-featured mobile application, allowing investors to do whatever they can on the desktop platform. The broker also provides you with nice features for the newbies. They can get a $1000 bonus with a qualifying deposit and referral code from a friend.

Conclusion:

In our search for the best online stock brokers for beginners, TD Ameritrade stands out among others for its strong educational resources, which improve the learning experience of beginners. Also, the platform offers you a wide range of investment resources. Besides that, E*TRADE is another option that offers you everything that you might expect as an investor. In addition, Charles Schwab, Robinhood, and Fidelity are the other options for investing as a beginner.